Stock Movers EasyJet Gains, BP Falls, Spire Jumps
Mar 20, 2026
Tiwa Adebayo, Bloomberg reporter covering European markets, offers on-the-ground market color. She explains how EasyJet's fuel hedges help it weather rising jet fuel costs. She outlines why BP slid as oil retreated from multi-year highs. She covers Spire Healthcare jumping on reports that Bridgepoint may prepare a £1bn proposal.
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EasyJet Benefits From Heavy Fuel Hedging
- EasyJet stock rose up to 3.3% despite jet fuel cost increases because it hedged 60% to 80% of fuel costs.
- Tiwa Adebayo contrasts EasyJet's hedging to peers like Air Baltic which face materially higher risk from the fuel spike.
Oil Majors Slip As Investors Price Restraint
- BP and Shell fell as oil prices eased from a three-and-a-half-year high after a morning drop in crude.
- Tiwa Adebayo links the pullback to Israeli Prime Minister Benjamin Netanyahu saying Israel would no longer target energy infrastructure.
Spire Soars On Rumoured Bridgepoint Bid
- Spire Healthcare surged as much as 11% after Sky News reported Bridgepoint is drawing up a £1 billion offer.
- Tiwa Adebayo notes Sky didn't name its source and a formal bid is unlikely before the UK mergers regulator deadline at 5pm tomorrow.