Dell, HP, CrowdStrike, EasyJet and Just Eat

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CrowdStrike’s third-quarter results exceeded expectations, with revenue of $1 billion and adjusted earnings per share of $0.93.

The company reported that it exceeded its annual run rate of $4 billion in the third quarter, based on customer subscriptions. George Kurtz, founder and CEO of CrowdStrike, said it is the “fastest and only pure-play cybersecurity software company to reach this reported milestone – as our single-platform approach and breakthrough innovation continue to resonate at scale.”

Budget airline EasyJet posted a 34% increase in annual headline pre-tax profits to £610 million ($769 million) in results released on Wednesday.

The budget airline reported record pre-tax profits for its easyJet holiday business, up 56% year-on-year to £190 million.

As a result, easyJet said it would increase its dividend for the year to 12.1 pence per share, more than double the 4.5 pence it paid out for the 2023 fiscal year.

Looking ahead to fiscal year 2025, easyJet said capacity is expected to grow by 3% to around 103 million seats.

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Richard Hunter, head of markets at Interactive Investor, said: “The tailwind from a successful summer period has put EasyJet in a dominant position and the group looks set for further expansion and profitability.”

Nevertheless, Hunter said there are still “a host of external factors outside the industry’s control that have made the aviation sector a difficult investment destination.” These have ranged over the years from the possibility of strike action to conflict and volcanic ash clouds, let alone the major shock brought about by the pandemic.”

“Indeed, the EasyJet share price remains around 52% below pre-pandemic levels, indicating how much damage can be done by exogenous events and how difficult the recovery path may be,” he said.

However, Hunter added: “The overall view on the company is also as strong as ever, with market consensus on the stock as a buy option for longer-term optimism still firmly intact.”

Shares of EasyJet rose almost 2% on Wednesday morning, with the stock up 7.5% this year.

Online food delivery platform Just Eat announced on Wednesday morning that it plans to delist its shares from the London Stock Exchange with effect from the morning of December 27, 2024.

Just Eat said it made the decision to “reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE list”.

Following the delisting in London, the company said it would maintain the primary listing of its shares on the Euronext Amsterdam market.

Just Eat’s London-listed shares fell 1.4%, while Amsterdam-listed shares were less than 1% in the red.

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In July, the UK financial regulator unveiled new listing rules to boost growth after a slowdown in initial public offerings (IPOs). The changes, which came into effect later in July, included the elimination of the “premium” and “standard” listing segments, replacing them with a single category called commercial companies.

Dan Coatsworth, investment analyst at AJ Bell, said: “The changes are more beneficial for London-only companies that were previously ineligible for the FTSE indices under the old rules because they had opted for a second category. various reasons, such as looser regulations.”

“In any case, we are likely to see more companies in Just Eat’s situation thinking carefully about the need for secondary listings in London if their primary listing on another exchange is performing well and they are looking for ways to cut costs,” he added. “If trading in London is thin, it is difficult to justify the cost of maintaining the listing.”

Aston Martin (AML.L)

Johnson Matthey (JMAT.L)

Pennon (PNN.L)

Pets at Home (PETS.L)

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