Low-cost airline easyJet has said revenues rose 11.4 per cent to £1.8 billion in a "robust" third quarter as the timing of Easter helped offset falling demand amid Brexit uncertainty.

The no-frills carrier said this year's later Easter boosted revenues by around £40 million.

Passenger numbers rose 8% in the quarter to June 30 to 26.4 million.

It said the group remained on track for annual pre-tax profits of between £400m and £440m, with second-half bookings now 78% sold.

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But easyJet said it had seen some "softening of demand due to tougher macroeconomic conditions across Europe as well as Brexit-related consumer uncertainty in the UK".

Its load factor - a measure of how well it fills its planes - also fell by 1.7 percentage points to 91.7%, partly due to a strong performance a year earlier when it benefited from the demise of rival Monarch.

Johan Lundgren, easyJet chief executive, said: "EasyJet's third-quarter performance was robust and despite the tougher macroeconomic conditions was in line with expectations."

Shares in easyJet lifted 4% in morning trading.

Online fashion giant Asos has warned profits will be lower than anticipated, blaming "operational issues" with its new warehouse roll-out.

Total sales in the four months to June 30 were up 12% compared with a year ago, but the warehouse problems impacted sales in Europe and the US, the company said.

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Asos boss Nick Beighton said profits will now be between £30 million and £35 million - compared with pretax profits of £102 million last year - and admitted ambitious targets at its Atlanta and Berlin warehouses would be missed.

He said: "Embedding the change from the major overhaul of infrastructure and technology in our US and European warehouses has taken longer than we had anticipated, impacting our stock availability, sales and cost base in these regions."

Slug and Lettuce pub owner, Stonegate Pub Company, is buying rival Ei Group in a deal worth £1.27 billion, both companies have announced.

The 285p-a-share deal is a 38.5% premium on the share price on Wednesday night and is the second major purchase by Stonegate's owner, private equity house TDR, which bought We Buy Any Car owner, BCA Marketplace, for £1.9 billion last month.

Robert Walker, chairman of EI Group, formerly known as Enterprise Inns, said: "The commercial benefits of combining the companies are compelling. Stonegate is committed to continuing to invest in the business for the future benefit of the combined business, tenants and employees. The EIG board believes that this is a combination it can recommend with confidence to shareholders and stakeholders alike."

Ian Payne, chairman of Stonegate, said: "It is an exciting prospect to bring EIG and Stonegate together to create a diversified pubs group with significant industry expertise ... We look forward to working with EIG and its publicans to support future growth and create stronger pubs at the heart of communities across the UK."