Stelios dashes easyJet buy-out hopes

EasyJet shares were at an all-time low today after founder Stelios Haji-Ioannou dismissed reports he was about to take the budget airline private.

With hopes of a buy-out dashed, investors sent shares in the Luton-based company down by another 3% to 145p – far off its 2002 peak of more than 500p and also its flotation price of 310p in 2000.