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Ryanair shares hit record high

Shares in Ryanair soared to a record high yesterday, valuing the company at over €13bn, after it raised its full-year profit guidance on the back of a stronger than expected performance in November.

The airline said it expects a profit of between €810m to €830m for the financial year ending in March, compared to the previously anticapted €750m to €770m.

The airline's shares shot up over 8pc, making for a 60pc gain over the past year.

Ryanair attributed a 22pc year-on-year jump in passenger traffic in November - to 6.35 million - to its 'Always Getting Better' programme, which aims to make it more customer-friendly and attract new clients such as business travellers.