The Independent reported that institutional shareholders have raised the issue with the airline’s non-executive directors although Sir Colin Chandler, chairman of EasyJet, has backed his FD, saying the company was not contemplating any board changes ‘at the moment’.
Last week EasyJet warned that rising fuel prices and fare cuts could hurt fiscal 2004 earnings sending the share price tumbling by 19% – the company’s share price has almost halved in value since the beginning of May.
EasyJet founder and its biggest shareholder Stelios Haji-Ioannou, who has a 41% stake in the airline, has also been critical of the manner in which the warnings have been handled saying there was ‘room for improvement’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements