MaxMarioni
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MaxMarioni's Insights

Insights for October 2016

The owner of British Airways, International Airlines Group (IAG), is the giant of European skies, born from the merger of Iberia and British Airways: its portfolio includes Aer Llingus and Vueling as well. This aviation behemoth has announced it is suffering from the sterling depreciation induced by the Brexit vote, and has launched a new profit warning. The group reports its earnings in Euro but the majority of its revenue is generated through British Airways, and hence its income is mainly in sterling. The London-based company forecasts that it will end the fiscal year with an anticipated operating profit of about 2.5 billion Euros ($2.7 billion), an increase of about 7% from the 2.34 % reported last year. (Read more)

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In a week when Pound Sterling touched a 30-year low and by Friday close had fallen by almost 1.5 percent to $1.2434, stock investments provided the only positive notes in a dismal week for the UK's economy. More precisely, the UK stocks have to be divided in two different camps of winners and losers. On the whole, the FTSE 100 index climbed close to a record high on Tuesday, and shares also gained on Friday as stocks recovered from the flash crash. The winners were mainly companies that get a share of their revenues from outside Britain who rallied, carrying the rest of the market and covering for the losses of the losers. Companies operating in some market sectors did better than others: the FTSE 350 Industrial Metals & Mining Index, for example, had its best weekly performance since spring. (Read more)

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In a week when Pound Sterling touched a 30-year low and by Friday close had fallen by almost 1.5 percent to $1.2434, stock investments provided the only positive notes in a dismal week for the UK's economy. More precisely, the UK stocks have to be divided in two different camps of winners and losers. On the whole, the FTSE 100 index climbed close to a record high on Tuesday, and shares also gained on Friday as stocks recovered from the flash crash. The winners were mainly companies that get a share of their revenues from outside Britain who rallied, carrying the rest of the market and covering for the losses of the losers. Companies operating in some market sectors did better than others: the FTSE 350 Industrial Metals & Mining Index, for example, had its best weekly performance since spring. (Read more)

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Other Insights on Related Shares: SAB.L
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It has been referred to as one of the biggest corporate mergers in history, a milestone to set the example for future megadeals of its kind. Worth over $100 billion, the takeover of SAB Miller by rival Anheuser-Busch InBev was finally approved on Wednesday 26th September by a majority of SAB Miller shareholders large enough to officially sanction the deal, after months of complex negotiations. (Read more)

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