London pre-open: Footsie seen lower after S&P move
16th Jan 2012 07:25
London's benchmark index is expected to open slightly lower on Monday morning, tracking losses on Asian markets overnight, with Eurozone concerns in focus following the mass downgrade of several nations by S&P over the weekend. The FTSE 100 index is seen opening at around 5,627, 10 points lower tha
Read moreCarnival counts the cost of cruise ship crash
16th Jan 2012 07:08
Carnival, the FTSE 100 company which owns the Costa Concordia, the cruise ship which grounded off the coast of Italy at the weekend, says the cost of not having the boat in service will be between $85m and $95m. Carnival is the parent company of Costa Cruises, the operator of the Concordia. The co
Read moreThursday Tips Round Up: Petra and Carnival
22nd Dec 2011 07:29
The Times's Tempus column assesses Carnival, the FTSE 100 cruise ship operator. Following years of not hedging against fuel costs the company has started to do so after fuel prices in the fourth quarter grew 39%. The firm has done well in North America increasing the amount it makes on each berth
Read moreLondon close: Footsie jumps late on
20th Dec 2011 16:32
A successful Spanish bond auction and some uplifting confidence data helped lift sentiment and boost the Footsie to its highest level of the day by the close. After trading within a narrow range for the majority of the day, the blue chip index rocketed in afternoon trading, tracking US markets highe
Read moreCarnival's advance bookings lag
20th Dec 2011 15:07
Cruise operator Carnival said that advance bookings for 2012 are down on last year but, thanks to higher prices, net revenue yields are expected to edge up next year by one or two percentage points in constant currency terms. In the three months to the end of November revenue moved up to $3.70bn fr
Read moreTuesday preview: Carnival, National Express, WSP
19th Dec 2011 15:49
Transport figures prominently on the results schedule on Tuesday with fourth quarter updates from cruise operator Carnival and train and bus operator National Express. Swiss bank UBS has been doing some research into cruise prices and according to its data, cruise prices for the Caribbean and Alask
Read moreFTSE 100 movers: Banks weighed down by ICB report
19th Dec 2011 14:21
The banks were among the worst performers of the day on Monday as they awaited a the government's response to proposed changes to the sector by the Independent Commission on Banking (ICB). The ICB has recommended that lenders should be forced to ring-fence their High Street lending operations from
Read moreLondon midday: Banks fall, Footsie flat
19th Dec 2011 11:50
The Footsie pared gains and was trading flat by midday with banking stocks providing a drag ahead of the government's response to Sir John Vickers' report into banking. The Bank of England's Quarterly Bulletin revealed that 56% of households surveyed reckoned that income available after tax, insura
Read moreMonday broker round-up - UPDATE
19th Dec 2011 09:10
Randgold Resources: Goldman Sachs downgrades to sell from neutral. Aggreko: Investec puts 1,950p target under review, buy rating retained. Carnival: Evolution Securities keeps buy recommendation and 2,850p target. Ocado: Panmure Gordon keeps sell rating and 50p target. Babcock: Panmure Gordon r
Read moreFriday broker round-up - UPDATE
16th Dec 2011 08:56
Shanks Group: Goldman Sachs downgrades to neutral from buy. Man Group: Deutsche Bank downgrades to sell from buy. BSkyB: Bank of America-Merrill Lynch downgrades to neutral from buy, cuts target to 770p from 800p. Carnival: HSBC upgrades to overweight from neutral. BP: Evolution Securities reit
Read moreUPDATE: Wednesday broker round-up
21st Sep 2011 08:52
Inmarsat: Citi downgrades to hold from buy. Inmarsat: Morgan Stanley downgrades to underweight from neutral. Imperial Tobbacco: Investec retains buy. Carnival: Credit Suisse confirms neutral rating and 2,357p target. Drax: Credit Suisse cuts target from 400p to 350p, underperform rating maintain
Read moreWednesday tips round-up: Carnival, Debenhams, Porvair...
21st Sep 2011 06:41
Carnival revealed higher revenues for its third quarter yesterday, as the cruise operator's North American brands booked strong growth, notes the Investment Column in the Independent. That strength, which saw yields at those brands climb by almost six per cent, helped offset weakness elsewhere. Yet,
Read moreLondon close: FTSE 100 in strong rebound
20th Sep 2011 16:42
London's leading share index closed pretty much where it started the day yesterday, staging an impressive recovery even as Standard & Poors' downgrade of Italy cast a shadow. In a fresh blow to the debt-stricken country, the ratings agency downgraded its rating on Italian sovereign debt by one notc
Read moreCarnival offsets soaring fuel prices
20th Sep 2011 14:53
Carnival's share price was pushed into the blue after the cruise operator reported its third quarter earnings on Tuesday afternoon, showing that it was able to offset higher-than-expected fuel prices in the period to keep net income stable. For the three months ended 31 August, net income totalled
Read moreTuesday preview: Debenhams, Carnival and Ubisense
19th Sep 2011 15:44
Department store chain Debenhams will attempt to regain its mojo on Tuesday as it issues its pre-close statement. Figures from the British Retail Consortium suggest that August was a rough month for the high street, even for those bits of it that were not being looted, but Singer Capital Markets thi
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