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EasyJet's shares rise after traders cite a report on bid interest

The shares of budget airline easyJet rose as high as 11.5% Tuesday. Traders cited a report from Italian media about possible interest in the company by global container shipping firm MSC.

In an email, a representative of the Mediterranean Shipping Company denied any involvement in the matter. EasyJet didn't immediately respond to our request for comment.

EasyJet's stock rose nearly 6% in the last half-hour of trading, which is still its biggest one-day gain since August 2024. The volume of shares traded in London's first half hour was greater than the previous two trading days combined.

The shares have fallen 11% this year compared to a European travel and leisure index that has dropped 2%. Reporting by Amanda Cooper in London, Elvira pollina in Milan and Alun John in London; Editing by Adam Jourdan and Alun John, Kirsten Doovan

(source: Reuters)