Broker tips: BAE Systems, IAG, Debenhams
23rd Jun 2016 15:19
(ShareCast News) - Analysts at Berenberg pared their earnings estimates for BAE Systems, while highlighting the risk that the debate surrounding the UK's maritime defence budget might drive negative sentiment in the backhalf of 2016, which led them to downgrade their recommendation. The June Defence
Read moreUBS eyes possible break in the clouds for IAG, RyanAir after referendum
23rd Jun 2016 12:48
(ShareCast News) - A break in the clouds of political uncertainty might allow European airline carriers shares to recover some of the year-to-date drop, UBS said. Investors have been eyeing downside risks to the earnings of companies in the space due to fuel price increases and capacity additions.
Read moreAirlines warn of cancellations as French controllers strike
14th Jun 2016 11:10
(ShareCast News) - Football fans flying to Euro 2016 in France have been warned to expect possible disruption, as French air traffic controllers prepare to strike. Lobby group Airlines for Europe (A4E) - which represents carriers including easyJet and British Airways owner IAG - said more than 100 f
Read moreIAG group traffic and premium traffic rise in May
3rd Jun 2016 15:16
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines said group traffic, as measured in revenue passenger kilometres, rose 14.1% in May from last year. The airline, which also owns Aer Lingus and Vueling, said group capacity measured in available seat kilometres w
Read moreTuesday newspaper share tips: Inmarsat, Mitie
24th May 2016 13:29
(ShareCast News) - Markets appear to have punished Inmarsat´s management for providing excessively ambitious financial guidance; however, the share price drop also seems overdone, The Times´s Tempus said. The shares have come down precipitously from the approximately 1,150p at which they were changi
Read moreSunday newspaper round-up: Sky, IAG, IPOs
22nd May 2016 20:55
(ShareCast News) - Sky has emerged as potential kingmaker in a looming £9bn bid battle between private equity giants for mobile operator O2. The pay-TV company is being courted by at least five buyout specialists seeking its heavyweight backing for their bids, City sources revealed. Discussions are
Read moreIAG traffic rises 11% in April
6th May 2016 15:10
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines said group traffic, as measured in revenue passenger kilometres, rose 10.9% in April from last year. The airline, which also owns Aer Lingus and Vueling, said group capacity measured in available seat kilometres
Read moreThursday newspaper share tips: IAG, BHP Billiton
5th May 2016 15:16
(ShareCast News) - IAG and Ryanair continue to be in another league versus their continental peers such Air France- KLM and Lufthansa, the Financial Times's Lex column said. Air France-KLM benefited more than many of its peers from cheaper prices for kerosene over the first three months of the year.
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
Read moreLondon pre-open: Stocks seen lower on weak US lead
29th Apr 2016 07:35
(ShareCast News) - London stocks were expected to open lower on Friday, tracking losses in the US, where Apple shares slid after billionaire activist Carl Icahn said he had sold his entire stake in the company. The FTSE 100 was seen starting 57 points lower than Thursday's close at 6,265. "US marke
Read moreIAG Q1 pre-tax profits soar, but sees impact from Brussels attacks
29th Apr 2016 07:05
(ShareCast News) - Airline group IAG said first quarter operating profits were €155m before exceptional items compared with €25m in 2015. Pre-tax profits were up to €124m from a loss of €37m. Results were boosted by a €181m contribution from Irish carrier Aer Lingus which was acquired in August last
Read moreSector movers: Travel stocks hit in wake of Brussels attacks
22nd Mar 2016 15:49
(ShareCast News) - UK share indices were trading sideways on Tuesday after the Brussels terror attacks earlier in the day, which from an investment perspective hit travel companies especially hard. The FTSE 100 index however recovered from its earlier losses in the aftermath of reports emerging of
Read moreGoldman leaves IAG at 'buy', raises target price
22nd Mar 2016 12:27
(ShareCast News) - Goldman Sachs said it expects International Consolidated Airlines to generate strong free cash flow (FCF) over the next two years. The British Airways owner's valuation is attractive in the context of growth and returns, according to GS analysts. The analysts said the company's g
Read moreEuropean travel and leisure stocks slide as explosions rock Belgian capital
22nd Mar 2016 09:10
(ShareCast News) - European travel and leisure stocks were under the cosh on Tuesday following terror attacks in Brussels. At least 26 people were killed and others injured as suicide bombers launched twin attacks on Brussels' Zaventem airport and the city's Maalbeek metro station. Belgian broadcas
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
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