Moody's upgrades outlook on British Airways
20th Nov 2015 11:40
(ShareCast News) - Moody's has changed its outlook on British Airways' Ba2 rating to positive from stable and affirmed the airline's ratings. The decision, announced on Friday, "reflects the potential for further strengthening of the airline's credit metrics following its strong performance". Moody
Read moreFTSE 100 movers: AstraZeneca rival's failure helps boost market
16th Nov 2015 15:12
(ShareCast News) - The FTSE 100 remained resilient after Friday night's terrorist attacks in Paris, with the market up 3.02 points (0.05%) to 6,121.30 points mid-afternoon Monday. AstraZeneca was the market's biggest riser after news that the US Food and Drug Administration has asked for additional
Read moreMonarch Airlines extends Sharm el-Sheikh suspension
13th Nov 2015 14:20
(ShareCast News) - British sun-seekers longing for Sharm el-Sheikh will face another delay, it was announced by Monarch Airlines on Friday. The Luton-based holiday airline had suspended its flights to the Egyptian resort last week on the advice of the Foreign and Commonwealth Office, in the wake of
Read moreIAG launches two tranches of convertible bonds
12th Nov 2015 11:28
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group said it is launching an offer of two tranches of senior unsecured bonds convertible into ordinary IAG shares. The first tranche has a proposed initial principal amount of about €500m due 2020, while the se
Read moreLondon open: All eyes trained on October US jobs report
6th Nov 2015 08:31
(ShareCast News) - Investors stuck to the sidelines ahead of what some analysts believed would be a make-or-break jobs report for market expectations of a rate hike by the US central bank in December. Ahead of those numbers, as of 0839 GMT the FTSE 100 was advancing by 7.28 points to 6,372.28. The S
Read moreIAG upgrades long term targets and reshuffles BA boardroom
6th Nov 2015 07:48
(ShareCast News) - International Airlines Group has upgraded its long term profit margin, earnings and return-on-invested-capital guidance, along with several boardroom changes at British Airways. The FTSE 100 airline group released the update to its long-term planning goals for 2016 to 2020 on Frid
Read moreFriday preview: October US jobs report critical for Fed hike expectations
5th Nov 2015 14:47
(ShareCast News) - All eyes will be on the US non-farm payrolls report on Friday as investors look for clues on the timing of the next rate hike, particularly after Federal Reserve Chairwoman Janet Yellen's hawkish comments on Wednesday. Yellen said before the House financial services committee that
Read moreIAG orders four new Airbus A330s to expand long-haul fleet
5th Nov 2015 09:16
(ShareCast News) - International Airlines Group has converted four of its Airbus A330 options into firm orders. The FTSE 100 airline group said on Thursday it will order two Airbus A330-300s and two A330-200s for Aer Lingus and Iberia, respectively. Aer Lingus will receive its aircraft next year wh
Read moreBroker tips: RBS, easyJet, IAG, Serco
2nd Nov 2015 13:21
(ShareCast News) - Exane BNP Paribas upgraded Royal Bank of Scotland to 'outperform' from 'neutral' and lifted the price target to 370p from 360p.Over the last year, the bank has maintained a relatively cautious investment stance on RBS. Over the last year, the bank has maintained a relatively cauti
Read moreFriday newspaper share tips: IAG, Serco
30th Oct 2015 14:53
(ShareCast News) - IAG´s maiden dividend marks its recovery from the depths of the financial crisis in 2008, when its precursor British Airways eliminated it. Many see that as vindication of the takeover of Spain´s Iberia and then Ireland´s Aer Lingus, with FinnAir expected to be the next target. It
Read moreIAG profits soar in third quarter but shares lose altitude
30th Oct 2015 07:12
(ShareCast News) - Profits soared at International Consolidated Airlines (IAG) in the third quarter thanks to rising revenues, the acquisition of Aer Lingus and cheap fuel. The British Airways and Iberia owner, fresh from announcing its first ever dividend the day before, also nudged the joystick hi
Read moreIAG announces first ever interim dividend
29th Oct 2015 13:23
(ShareCast News) - On Thursday, IAG announced it would pay its first dividend and that the full-year payout would equal a quarter of its full-year underlying profits after tax. The Anglo-Hispanic carrier, which is led by Willie Walsh, confirmed it would pay out a gross interim dividend of 10 euro ce
Read moreTuesday broker round-up
13th Oct 2015 09:49
(ShareCast News) - Ladbrokes: Citigroup upgrades to neutral, raises target price to 110.00p. Jupiter Fund Management: RBC Capital Markets upgrades to outperform, bumps up target price to 475.00p. Jefferies reiterates to buy, lifts target price to 493.00p. Glaxosmithkline: JP Morgan Cazenove upgrade
Read moreGoldman Sachs reinstates IAG at buy
12th Oct 2015 16:24
(ShareCast News) - International Airlines Group was set to see a marked and sustained improvement in its short and medium-term financial performance, prompting analysts at Goldman Sachs to reinstate their 'buy' recommendation on the carrier's stock. For 2015-2018 the company would generate €1bn a ye
Read moreBroker tips: Standard Chartered, Hays, IAG
12th Oct 2015 16:07
(ShareCast News) - Investec downgraded Standard Chartered to 'hold' from 'buy' with an unchanged target price of 820p. It said the latest leg of Standard Chartered's 26% eight-session surge appears to have been driven by market enthusiasm around media reports of plans to cut about 1,000 top staff.
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