Carnival pays high price for $6.25bn rescue fundraising
2nd Apr 2020 09:05
(Sharecast News) - Carnival has raised $6.25bn (£5bn) to stay afloat during the coronavirus crisis but the world's largest cruise operator is paying a high price for the funds.
Read moreCruise operator Carnival suspends dividend, expects FY loss
31st Mar 2020 12:37
(Sharecast News) - Cruise operator Carnival said on Tuesday that it is suspending its dividend payments and the repurchase of its common stock as it looks to weather the coronavirus pandemic, and warned it expects to make a full-year loss.
Read moreCarnival's Cunard suspends voyages for further month
30th Mar 2020 11:51
(Sharecast News) - Carnival's Cunard cruise business said it would suspend voyages for an extra month because of the Covid-19 crisis.
Read moreUS open: Boeing leads gains on hopes for economic relief package
25th Mar 2020 14:19
(Sharecast News) - Stocks in the US were pushing higher still early on Wednesday, led by gains for Boeing thanks to news that lawmakers on Capitol Hill had agreed on a roughly $2trn economic relief bill that included measures aimed specifically at the aerospace and defence engineer.
Read moreFTSE 100 risers: Oil majors, insurers power 'bear market' rally
24th Mar 2020 16:24
(Sharecast News) - Shares of oil majors BP and Royal Dutch Shell powered Tuesday's bear market rally on the Footsie, alongside big advances for insurers and some beaten down travel stocks.
Read moreCarnival issues profits warning as Covid-19 hits cruises
20th Mar 2020 08:33
(Sharecast News) - Carnival Corporation issued a profits warning and scrapped guidance on Friday as the coronavirus pandemic pushed the world's biggest cruise operator to a heavy first quarter loss.
Read moreFour more Carnival cruise line brands to suspend new sailings
16th Mar 2020 08:17
(Sharecast News) - Carnival announced the decision to suspend new sailings by four more of its North American cruise line brands for one month in response to the coronavirus pandemic.
Read moreCarnival suspends Princess Cruises for two months
12th Mar 2020 12:25
(Sharecast News) - Carnival said its Princess Cruises business would withdraw its 18 ships from operation for two months in response to the coronavirus pandemic.
Read moreLondon close: Stocks end sharply lower again as oil futures crash
6th Mar 2020 17:10
(Sharecast News) - London equity markets finished near their worst levels of the session on Friday, with oil and gas shares under the cosh after the Russian Federation refused to go ahead with another oil output cut alongside the Organisation of Petroleum Exporting Countries.
Read moreWednesday broker round-up
19th Feb 2020 13:17
(Sharecast News) - Berkeley Group Holdings: HSBC upgrades to buy with a target price of 6,620p.
Read moreCoronavirus forces Carnival to cut full-year guidance
12th Feb 2020 14:45
(Sharecast News) - Carnival warned on Wednesday that the new Chinese coronavirus would have a "material" impact on its performance that was not anticipated when it last issued guidance.
Read moreCarnival shares fall as ship investigated for coronavirus
30th Jan 2020 12:22
(Sharecast News) - Carnival shares fell after one of the cruise operator's ships was put in lockdown while being investigated for potential cases of coronavirus.
Read moreFriday broker round-up
17th Jan 2020 13:24
(Sharecast News) - Filtrona: UBS downgrades to sell with a target price of 7,250p.
Read moreBerenberg more negative on cruise operators, reiterates 'sell' on Carnival
1st Nov 2019 15:07
(Sharecast News) - Analysts at Berenberg reiterated their 'sell' stance on shares of Carnival, telling clients that although valuation might look "depressed", macro "weakness" could see earnings in the sector drop by between 24.0% and 74.0%.
Read moreHSBC slashes target for Carnival, downgrades to 'hold'
7th Oct 2019 13:57
(Sharecast News) - HSBC slashed its target price for shares of Carnival - downgrading its recommendation from 'buy' to 'hold' - after the cruiseline operator lowered its outlook for yield growth, management's commentary around worsening bookings for financial year 2020, increasing capacity growth relative to its peers, and risks to the firm's share buybacks.
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