Sunday newspaper round-up: Xstrata, Heathrow, RBS
9th Sep 2012 16:49
Shareholders have warned directors at Xstrata, the FTSE 100 mining company, that they risk being removed if they block the 56bn pound merger with Glencore. Glencore's final offer ? increased in dramatic circumstances last week after the intervention of Tony Blair, the former prime minister ? will go
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreIAG and Qantas to end agreement after 17 years
6th Sep 2012 07:18
Airlines Qantas and International Airlines Group (IAG) are to terminate their joint business arrangement at the end of March next year, following Qantas's decision to hook up with the Emirates airline. The joint business was established in 1995 to enable close commercial co-operation on British Air
Read moreIAG boosts passenger traffic in August
5th Sep 2012 16:24
International Airlines Group (IAG) announced that traffic rose by 7.7 per cent in August to 5.21m passengers, compared with 4.84m one year earlier. The airline group's traffic measured in Revenue Passenger Kilometres rose 5.0% while capacity measured in Available Seat Kilometres was up 5.6%. "Unde
Read moreAmerican Airlines-US Airways merger may be optimal for IAG
4th Sep 2012 12:38
Market chatter over potential consolidation in the airspace sector has picked up recently with the latest major report being that International Airlines Group (IAG) signed a non-disclosure agreement with American Airlines in order to study a potential purchase of a stake in the US company. Meanwhile
Read moreSunday newspaper round-up: Barclays, IAG, Xstrata
2nd Sep 2012 18:19
Barclays's new chief executive has warned that its huge investment bank will be scaled back in response to tough new regulations and a stagnant economy. Antony Jenkins told The Sunday Times that he would not rely on a rebound in the global economy to fuel profit growth at the investment banking arm,
Read moreLondon close: Bernanke comments send stocks lower
31st Aug 2012 16:33
- Footsie swings into negative territory after Bernanke speech - ECB to be given power to grant banking licences - Miners lead risers by the close Ben Bernanke's keenly watched speech at Jackson Hole sparked some volatility on equity markets in late afternoon trade, sending London's blue-chip index
Read moreBroker tips: IAG, SSE, BHP Billiton
31st Aug 2012 11:36
Credit Suisse has reduced its target price for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, saying that consensus forecasts for 2013 look 'very vulnerable'. "We reduce our target price from 160p to 140p as valuation support dissipates for the s
Read moreBroker snap: Consensus forecasts for IAG look 'vulnerable'
31st Aug 2012 11:18
Credit Suisse has reduced its target price for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, saying that consensus forecasts for 2013 look 'very vulnerable'. The market is currently expecting the airline to report a 2012 operating loss in line w
Read moreMonday broker round-up -UPDATE
20th Aug 2012 08:17
AstraZeneca: JPMorgan Cazenove downgrades to underweight, target lifted from 2,800p to 2,970p. Balfour Beatty: JPMorgan Cazenove downgrades to neutral. Barclays: Citigroup reiterates buy and 330p target price. ENRC: Credit Suisse downgrades to neutral, target cut from 500p to 450p. FirstGroup: J
Read moreLow-cost operators outstripping traditional airlines in Spain
17th Aug 2012 10:55
Low cost airlines now serve more passengers than traditional airlines in Spain, a Spanish tourist body reports. Low cost airlines operating in the country have boosted their number of passengers by 1.4% to 21 million so far this year. In the month of July alone, the number of passengers rose 4% to
Read moreIAG chooses a Brit to up Iberia's sales
16th Aug 2012 09:16
The restructuring of Spanish airline Iberia, British Airways' partner in International Consolidated Airlines Group (IAG), is taking off and the group has decided to place a Brit, Gavin Halliday, at the helm of the Iberian sales office in order to improve the numbers. According to the Spanish busine
Read moreIberia Express flies one million passengers in first five months
13th Aug 2012 15:00
Iberia Express, the controversial airline created by Iberia, the Spanish airline operated by International Airlines Group (IAG), has already passed the one million-passenger mark within its first five months of take-off. The creation of the new low-cost airline was behind several labour strikes at
Read moreFTSE 100 movers: Standard Chartered heads back up
8th Aug 2012 15:36
Following a 16 per cent slump yesterday, emerging markets-focused bank Standard Chartered was leading the risers today. It was revealed yesterday that a US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities. Rio Tinto, the mining and resourc
Read moreIAG's Iberia hedges Amadeus stake with Nomura
8th Aug 2012 15:31
Iberia, Spain's biggest airline owned by International Airlines Group, has hedged its 6.66 per cent stake in technology firm Amadeus with Nomura International in an effort to safeguard its holding. The stake has been hedged for 492m euros (4591m) via a private placing of derivatives. Hedging dea
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