LONDON (Reuters) -Shares in budget airline easyJet jumped as much as 11.5% on Tuesday, with traders citing a report in Italian media of possible bid interest from global container shipping company MSC
EasyJet shares jump, traders cite report of bid interest
LONDON (Reuters) -Shares in budget airline easyJet jumped as much as 11.5% on Tuesday, with traders citing a report in Italian media of possible bid interest from global container shipping company MSC.
"MSC denies any involvement in this matter," a spokesperson for the Mediterranean Shipping Company said in an emailed statement to Reuters. EasyJet did not immediately respond to a request for comment.
EasyJet stock was last up nearly 6% on the day, still set for its largest one-day jump since August 2024. Traded volumes in the first half-hour of trading in London were greater than those for the past two full trading days combined, at around 3.82 million shares, according to LSEG data.
The shares are down 11% so far this year, compared with a 2% fall in a European index of travel and leisure stocks.
(Reporting by Amanda Cooper and Joice Alves in London and Elvira Pollina in Milan; Editing by Alun John and Adam Jourdan, Kirsten Donovan)
