Berenberg lowers target price on IAG, retains 'buy' rating
3rd Aug 2020 11:08
(Sharecast News) - Analysts at Berenberg lowered their target price on British Airways parent International Consolidated Airlines from 375.0p to 300.0p on Monday but said IAG's planned equity raise paved the way for "unrivalled consolidation" and dividend flexibility.
Read moreEurope open: Stocks reverse early dip after much stronger than expected factory PMIs
3rd Aug 2020 09:41
(Sharecast News) - Stocks across the Continent are moving higher on the back of better-than-expected readings on manufacturing sector activity in Europe and China.
Read moreSunday newspaper round-up: BT Group, Big Lenders, Travel firms
2nd Aug 2020 18:23
(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday
Read moreIAG announces plans for 2.75bn euro capital raise after record Q2 loss
31st Jul 2020 07:03
(Sharecast News) - IAG suffered a record loss during the second quarter as government restrictions on the back of the Covid-19 pandemic nearly wiped out all passenger traffic.
Read moreHeathrow chief calls on UK government to introduce passenger Covid-19 tests
29th Jul 2020 10:09
(Sharecast News) - The chief executive of Heathrow airport asked the UK government on Wednesday to urgently introduce passenger testing after reporting a 96% fall in passenger numbers during the second quarter.
Read moreSunday newspaper round-up: Spain, UK economy, Rolls-Royce
26th Jul 2020 14:16
(Sharecast News) - The foreign secretary, Dominic Raab, has said the government will not apologise for its snap decision to order tourists returning from Spain to quarantine, saying further spread could risk another lockdown in the UK. Raab said the government had to take "swift, decisive action" when the data from Spain showed a surge in infections right across the country. Overnight, the UK imposed snap new restrictions on holidaymakers returning from Spain on Saturday night, meaning those who return must quarantine for two weeks. - Guardian
Read moreIAG considering €2.75bn rights issue to bolster balance sheet
24th Jul 2020 16:06
(Sharecast News) - IAG shares slid on Friday after the British Airways and Iberia parent said it is considering a rights issue of up to €2.75bn to bolster its balance sheet.
Read moreAmex paying £750m to extend loyalty deal with IAG
24th Jul 2020 08:27
(Sharecast News) - British Airways owner International Airlines Group has signed a multi-year renewal, extending its global commercial partnership with credit card giant American Express, it announced on Friday.
Read moreEuropean airlines call on Brussels and Washington to restore transatlantic travel
21st Jul 2020 19:23
(Sharecast News) - The largest carriers from both sides of the Pond called on Brussels and Washington on Tuesday to adopt a common testing procedures to unblock transatlantic travel.
Read moreEurope close: Jump in euro dents stocks, travel issues erase losses
21st Jul 2020 19:09
(Sharecast News) - Stocks across the Continent finished off their best levels of the session with benchmark equity gauges in France and Spain still unable to retake their June highs, in part as gains for the euro weighed on equities.
Read moreEurope midday: Stocks gain but euro drifts lower after EU reconstruction deal
21st Jul 2020 11:46
(Sharecast News) - Germany's Dax pushed back into positive territory for 2020 after European Union leaders reached agreement on a €750bn reconstruction fund, to the surprise of sceptical analysts - one of who said it was "very close indeed" to a fiscal union - but to the delight of investors.
Read moreEurope close: Travel and leisure shares rally on positive vaccine updates
15th Jul 2020 18:50
(Sharecast News) - Stocks in Europe continued to grind higher and towards, nearing key levels of technical resistance after a report that positive news from Oxford University's Covid-19 vaccine trial was imminent.
Read moreEurope midday: Travel and leisure issues rally on hopes of vaccine breakthrough
15th Jul 2020 14:12
(Sharecast News) - Stocks in Europe appear to be attempting a breakout to multi-month highs amid reports that positive news around Oxford University's Covid-19 vaccine candidate was imminent.
Read moreEU set to maintain travel restrictions with most third countries
14th Jul 2020 14:49
(Sharecast News) - The European Union will not expand its list of countries allowed restriction-free travel when officials meet for their bi-weekly review.
Read moreMonday broker round-up
14th Jul 2020 13:31
(Sharecast News) - Rotork: RBC Capital Markets downgrades to underperform with a target price of 275.0p.
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