Wednesday newspaper share tips: Esure, IAG
14th Sep 2016 14:48
(ShareCast News) - Esure's plans to de-merge Gocompare, its price comparison website, makes sense, the Financial Times's Lex column said. "There is trapped value there," Lex added. Insurance companies are all about managing risk and are sustained on capital, whereas the website is a wholly diffe
Read moreAirline stocks fly lower on Deutsche Bank downgrades
7th Sep 2016 08:59
(ShareCast News) - European airline stocks flew lower on Wednesday as Deutsche Bank downgraded its ratings on Ryanair, EasyJet, Air France-KLM and Lufthansa, saying forward-looking data is "simply too weak". DB said it looks like winter will be challenging for the airlines, with capacity data sugges
Read moreIAG traffic up in August, but load factors nudges lower
5th Sep 2016 14:59
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group said group traffic rose in August but the load factor nudged lower. Group traffic as measured in revenue passenger kilometres rose 7.9% in August from the same month last year to 24.48m passengers. Year-to
Read moreFirst BA flight to Iran in four years takes off after sanctions lifted
1st Sep 2016 08:50
(ShareCast News) - The first British Airways flight in four years took off from London on Thursday in the latest symbol of thawing relations between the west and Iran after the lifting of sanctions. The airline, owned by London-listed International Consolidated Airlines (IAG), will offer six return
Read moreTuesday broker round-up
2nd Aug 2016 10:58
(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.
Read moreQatar Airways increases stake in IAG to 20.01%
1st Aug 2016 09:00
(ShareCast News) - Qatar Airways took advantage of the current weakness in IAG´s shares to increase what it described as a "purely financial" investment. The state-owned carrier increased its holdings from 15.67% to 20.01%, reports said. Qatar Airways also said the acquistion was a reflection of th
Read moreIAG flies higher in first half
29th Jul 2016 07:16
(ShareCast News) - British Airways owner International Consolidated Airlines Group presented its results for the six months to 30 June on Friday, with second quarter operating profit reaching €555m before exceptional items, up from €530m last year. Excluding Aer Lingus, which IAG holds a 98.05% stak
Read moreSector movers: Oil companies and airlines under pressure
25th Jul 2016 14:12
(ShareCast News) - London stock indices were held back on Monday as oil prices traded down towards their lowest levels in weeks. On the FTSE 100, Royal Dutch Shell and BP were lower as crude slumped below $44.00 on persistent oversupply concerns. Front-month Brent crude was down 1.4% to $45.03 b
Read moreCredit Suisse downgrades EasyJet, IAG as airline stocks hit turbulence
21st Jul 2016 12:11
(ShareCast News) - It was bad day for airlines, with corporate releases from Deutsche Lufthansa and EasyJet giving investors little to get excited about. EasyJet posted a drop in revenue per seat and total revenue for the third quarter amid difficult trading that was hit by the terror attack in Bru
Read moreTuesday broker round-up
19th Jul 2016 12:59
(ShareCast News) - Micro Focus: Barclays reiterates overweight with a target price of 2150p. Aggreko: HSBC maintains reduce with a 900p target. ARM: Citigroup reiterates neutral with a 1700p target. IAG: HSBC reiterates reduce with a 300p target. Pearson: Goldman Sachs reiterates sell with a targ
Read moreWednesday newspaper round-up: Sterling, ITV, BT, Ofcom, Network Rail
6th Jul 2016 07:19
(ShareCast News) - The pound plumbed new depths against the dollar and investors rushed for the perceived havens of gold and government bonds as financial turmoil intensified in the wake of the UK's Brexit vote, with sterling hitting $1.2798 in early Asian trading on Wednesday - its lowest in more t
Read moreIAG traffic up 13.6% in June
5th Jul 2016 15:03
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines said group traffic, as measured in revenue passenger kilometres, rose 13.6% in June from last year. The airline, which also owns Aer Lingus and Vueling, said group capacity measured in available seat kilometres
Read moreBroker tips: Sophos Group, IAG, Next, M&S
24th Jun 2016 15:21
(ShareCast News) - Numis sounded an optimistic note on Sophos Group ahead of the company's Capital Markets Day, pointing to the firm's strong products, a substantial market opportunity and the attractive cash flow yield on offer to back up its arguments. Against that backdrop, it believed the IT sec
Read moreRBC downgrades IAG on risk of greater economic uncertainty
24th Jun 2016 13:12
(ShareCast News) - Analysts at RBC downgraded their recommendation on shares of IAG, saying the company now faced economic and stranded capital risk. Regulatory issues aside, the broker now saw potential for economic uncertainty, and hence reduced travel demand. Similarly, should the UK's economic
Read moreIAG lowers expectations for increase in operating profits in 2016
24th Jun 2016 09:57
(ShareCast News) - In the long-term, IAG did not expect the UK's decision to have a "material" impact on the business but it no longer expected to register an increase in operating profits in 2016 similar to the previous year's, the company said in a statement. The company explained that it had seen
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