Budget airline easyJet suffered a shareholder revolt today over an executive pay deal that inflamed relations with founder Stelios Haji-Ioannou.

Low-cost airline easyJet said it had narrowed half-year losses to £17m (€25m), a day after shocking investors with a warning regarding fares pressure.

Carphone Warehouse has accused mobile phone giant Vodafone of demanding a guaranteed 35,000 sales a month irrespective of the terms offered to customers, according to a report today.

No-frills airline easyJet today said profits could rise by as much as 15% this year, despite the soaring cost of jet fuel.

Low-fare airline easyJet will fly to Africa for the first time when it opens new routes this summer, it was announced today.

EasyJet said today that it carried 8.3% more passengers last month than a year ago, but added its planes were less full.

A bid approach for Exel and positive results from drinks giant Diageo helped the FTSE 100 Index post strong gains for a third session in a row today.