Jets, tiles and software

The FTSE 100 opened on the front foot despite a lack of corporate news as investors turned their attention to today's FOMC minutes, which should give a clearer indication of the health of the US economy. Wall Street closed lower overnight, while Asian markets were mixed.

“Budget airline easyJet’s latest figures disappointed investors,” says AJ Bell Investment Director Russ Mould.

“Passenger number rose in March but the load factor fell after the airline was forced to cancel hundreds of flights, principally due to strike action in France. The pattern over a 12-month period is more positive with both passenger numbers and the load factor increasing but the airline was the biggest FTSE100 faller in early trading. 

“Topps Tiles is seeing continued like-for-like sales growth on the back of its ‘'Out-Specialising the Specialists' strategy. Growth accelerated in the second quarter and there is confidence that its plans to extend the appeal of the brand will underpin further progress.

“Workforce management software specialist ServicePower’s full year losses widened but investors will be encouraged by recent contract wins. The group believes its proven ability to win new customers means it is well placed for a strong performance this year and beyond.”

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