Whitbread appoints new CFO as Cadbury flies to IAG
27th Jan 2022 07:44
(Sharecast News) - Whitbread said it had appointed Hemant Patel as chief financial officer effective from March 21 as Nicholas Cadbury leaves to join British Airways owner IAG.
Read moreJPMorgan upgrades Ryanair, downgrades IAG
20th Jan 2022 11:04
(Sharecast News) - JPMorgan Cazenove upgraded Ryanair but downgraded IAG on Thursday as it took a look at the European airline sector.
Read moreLiberum ups Ryanair to 'buy', cites attractive entry level
19th Jan 2022 08:03
(Sharecast News) - Liberum upped Ryanair to 'buy' from 'hold' on Wednesday and lifted the price target to €19 from €17 as it took a look at the European airline sector.
Read moreBoA downbeat on airline sector, downgrades IAG
13th Jan 2022 12:54
(Sharecast News) - Analysts at Bank of America sounded a downbeat note on the outlook for the airline sector, but were quite bullish on freight stocks.
Read moreSunday newspaper round-up: Ukraine, Ultra Electronics, British Airways
9th Jan 2022 11:46
(Sharecast News) - Top diplomats from the US and Russia are set to meet in Geneva on Sunday and Monday to discuss Moscow's demands set out in December in two draft treaties, one with the US and another with NATO. Many of their stipulations are unacceptable to Washington and the alliance, particularly the pledged that Ukraine will never join the latter. Few diplomatic observers anticipate a quick deal that would resolve the crisis this week and a complete breakdown of talks is possible. The talks are scheduled to begin on Monday but a less formal meeting between the two delegations was expected to take place on Sunday evening. - Guardian
Read moreCiti expects long haul carriers to outperform short haul rivals, downgrades WizzAir
4th Jan 2022 14:26
(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of IAG while downgrading that for WizzAir to 'sell', in anticipation of a better performance by long haul carriers in comparison to their short haul peers.
Read moreIAG in talks with Globalia over cancellation of Air Europa deal
15th Dec 2021 07:35
(Sharecast News) - British Airways and Iberia owner IAG said on Wednesday that it was in advanced talks to cancel the acquisition of Air Europa from Spain's Globalia.
Read moreEurope close: Stocks rise on latest Omicron update, slowing infections in Austria
6th Dec 2021 16:17
(Sharecast News) - European shares started the week on the front foot, helped by data out from South Africa showing much shorter hospital stays and an absence of any significant increase in in-hospital deaths in one of the main hospital complexes in Pretoria in comparison to the recent surge in the number of infections.
Read moreSunday newspaper round-up: IAG, The Hut Group, Nvidia
14th Nov 2021 17:10
(Sharecast News) - A cash call would be the quickest way for IAG to tackle its €12.3bn of debt and begin paying a dividend again, HSBC aviation analyst Andrew Lobbenberg said. If not, then the carrier would have to resort to its cash flows. Any decision on a rights issue would likely be taken by the company's new bos, Nicholas Cadbury, when he started early the following year. Lobbenberg had already said in September that plans to raise cash for IAG might follow positive news such as the reopening of travel to the US. - Financial Mail on Sunday
Read moreDeutsche Bank lowers IAG target price in anticipation of higher fuel costs
9th Nov 2021 14:17
(Sharecast News) - Analysts at Deutsche Bank reiterated their 'buy' stance for shares of IAG but cut their short-to-medium term profit estimates for the carrier in anticipation of higher fuel costs.
Read moreSunday newspaper round-up: JD Sports, Abrdn, Snowfox Group
7th Nov 2021 16:29
(Sharecast News) - The head of JD Sports, Peter Cowgill, is facing questions from the Competition and Markets Authority over his meeting in a car park with Footasylum boss, Barry Brown. They were filmed at the weekend sitting in a black Mercedes at Bridge Hall industrial park, leading to the watchdog's investigation into whether or not they breached the rules governing JD Sport's takeover of its smaller rival. In the video, which was seen by The Sunday Times, they were joined in the car by JD's general counsel, Siobhan Mawdsley, who later left. The investigation comes as the CMA is still examining JD's 2019 offer to buy out Footasylum. - Sunday Times
Read moreFriday preview: US non-farm payrolls, IAG in focus
4th Nov 2021 15:10
(Sharecast News) - All eyes at the end of the week will be on the US jobs report for October.
Read moreBritish Airways agrees £1bn credit facility
1st Nov 2021 11:24
(Sharecast News) - IAG said on Monday that British Airways has agreed a £1bn five-year credit facility.
Read moreBerenberg upgrades easyJet, downgrades IAG
19th Oct 2021 10:29
(Sharecast News) - Berenberg changed its ratings on a number of airline stocks on Tuesday, upgrading budget carrier easyJet but downgrading IAG, as it refreshed its bottom-up capacity model for the European airline market.
Read moreEurope close: Stocks push higher as US earnings season kicks into high gear
15th Oct 2021 16:55
(Sharecast News) - European shares finished higher on Friday as strong US corporate earnings overnight helped to drive sentiment.
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