IAG profit jumps as passenger revenue rises
26th Feb 2016 12:12
(ShareCast News) - A 14% growth in passenger revenue saw International Consolidated Airlines Group's operating profit before exceptional items jump 68%. The FTSE 100 airline group on Friday released its results for the year to 31 December 2015. It showed passenger revenue rose from €17.8bn (£14.0bn
Read moreFriday preview: IAG and William Hill report full year results
25th Feb 2016 12:57
(ShareCast News) - British Airways owner International Airlines Group reports its full year results on Friday with analysts expecting an increase in earnings. UBS said it sees revenues of €22.08bn in the year to December 31 2015, compared to €20.17bn the previous year. Earnings before interest and t
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read moreBroker tips: Reckitt Benckiser, IAG, Hays
15th Feb 2016 11:32
(ShareCast News) - Reckitt Benckiser's full-year results were "exceptionally strong", broker Canaccord Genuity said following the company's latest results, but the shares already "full-valuation" meant that it left its 'hold' recommendation on ice. The consumer goods giant's full-year results easily
Read moreIAG flies higher on BofA Merrill Lynch upgrade
15th Feb 2016 11:08
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines flew higher on Monday after Bank of America Merrill Lynch upgraded its stance on the stock to 'buy' from 'underperform' with an unchanged price target of 610p. Overall, the bank reiterated its structurally beari
Read moreMonday newspaper round-up: UK wages, Tata Steel, UK banks, IAG
15th Feb 2016 07:06
(ShareCast News) - Employers' expectations for UK wage growth have fallen to the lowest level in more than two years, according to a survey that will reinforce the Bank of England's arguments for holding interest rates at record lows. The median expectation in the CIPD's quarterly labour market outl
Read moreDemand for Latin America flights will take a hit over Zika, says Moody's
8th Feb 2016 12:53
(ShareCast News) - Moody's believes passenger demand for flights within and to Latin America will take a hit in the coming months due to the Zika virus outbreak. However Jonathan Root, vice president and senior credit officer at the ratings agency, said on Monday that it won't have a meaningful cred
Read moreFTSE 100 movers: StanChart leads market lower on Citi note
3rd Feb 2016 15:54
(ShareCast News) - The FTSE 100 was down again on Wednesday, dropping 78.22 points (1.32%) to 5,843.79 by mid-afternoon. Standard Chartered plunged after Citi lowered its target price on the shares of Asia-focused and commodity-exposed lender. The broker described the lender's valuation at 0.5 times
Read moreIAG January traffic and load factor rise
3rd Feb 2016 15:29
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group's traffic and load factor rose in January. Group traffic, measured in revenue passenger kilometres, was up 11.9% year-on-year to 17.3m, while the load factor, which gauges how many seats were taken up o
Read moreFrance air traffic controller strike hits Ryanair, Easyjet
25th Jan 2016 15:34
(ShareCast News) - French air traffic control (ATC) unions will join fellow public sector workers in industrial action from Monday evening, sending shares in airline companies lower in London. French ATC unions confirmed they will go on strike from 1900 Paris time on Monday until 0600 on on Wedne
Read moreGlobal airline profits will rise on lower fuel prices in 2016, Moody's says
15th Jan 2016 14:44
(ShareCast News) - Global airline industry profits will remain strong amid lower fuel prices in 2016, supporting a positive outlook on the industry for the next 12 to 18 months, according to Moody's. In a note to clients, the ratings agency opined that the airline industry's operating margin could t
Read moreBarclays downgrades easyJet, tags RyanAir as 'top pick'
12th Jan 2016 14:20
(ShareCast News) - Airlines might be set to trounce analysts' earnings forecasts courtesy of the oil price at 12-year lows, although there were some risks in the marketplace, Barclays told clients on Tuesday. The market could be expected to take a "cautious" view on the 'temporary' boost to profits
Read moreFTSE 100 movers: Anglo American and Miners send market down
8th Dec 2015 13:31
(ShareCast News) - The FTSE 100 continued its slide, with the blue-chip market down 72.15 points (1.16%) to 6,151.37 by mid-afternoon Tuesday. Driving the market down was Anglo American after it said it will suspend its dividend to investors this year and the next as it announced a "radical" portfol
Read moreBroker tips: IAG, BHP Billiton, AstraZeneca, GSK
2nd Dec 2015 13:11
(ShareCast News) - Clear skies lie ahead for the European Airlines sector going into the winter trading period, thanks to a favourable outlook for capacity growth and given the considerable fall in oil prices since August 2015, Nomura said. The global macroeconomic outlook, notably in the core UK an
Read moreNomura stays bullish on European airlines, singles out IAG as top-pick
2nd Dec 2015 12:30
(ShareCast News) - Clear skies lie ahead for the European Airlines sector going into the winter trading period, thanks to a favourable outlook for capacity growth and given the considerable fall in oil prices since August 2015, Nomura said. The global macroeconomic outlook, notably in the core UK an
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