Monday newspaper round-up: ICB, Germany v Greece, Cameron in Russia, whisky exports
12th Sep 2011 06:48
The most sweeping changes to British banking for a generation will land on financiers' desks this morning when a government-appointed taskforce delivers proposals for structural reforms that will be vigorously fought by the City. In a plan to defuse any future financial crisis that is set to be broa
Read moreLondon close: Stocks dive on euro worries
9th Sep 2011 16:55
The volatility continued heading into the weekend and stocks were nursing hefty losses at the close of play. The resignation of European Central Bank official Juergen Stark brought the Eurozone crisis into focus. Stark, a German, like many of his compatriots is unhappy about the Bank's policy of b
Read moreIAG hires JP Morgan as an advisor for TAP offer
5th Sep 2011 12:03
International Airlines Group, the company formed from the merger of Iberia and British Airways, has hired US bank JP Morgan to advise on an offer for Portuguese airline TAP, according to reports in the British financial press. The reports note that this agreement could help IAG improve earnings in
Read morePremium passengers returning to IAG
3rd Aug 2011 15:18
International Consolidated Airlines Group (IAG), the company formed by the merger of British Airways and Iberia, saw a year-on-year rise in passenger traffic in July. Group traffic measured in Revenue Passenger Kilometres rose by 3.5% versus July 2010, while capacity measured in Available Seat Kilo
Read moreBroker snap: London strength gives IAG time to fix Madrid
2nd Aug 2011 17:54
Analysts at Credit Suisse reiterated their "overweight" recommendation for airline IAG with a price target of 330 pence because they consider its second quarter results to stand out in the airline sector. "2Q illustrated the strength of the IAG business model relative to peers," Credit Suisse opi
Read moreBroker tips: Standard Chartered, IAG, Aviva
1st Aug 2011 12:53
Nomura says that Standard Chartered's premium valuation is justified, and keeps its buy rating and 1,800p target price on the stock ahead of its first half results on 3 August. The broker expects the emerging markets banking giant to deliver $3.4bn in pre-tax profit on revenues of $8.65bn, represen
Read moreBroker snap: IAG remains Citi's top pick among flag carriers
1st Aug 2011 12:35
Citi has reiterated its buy rating on International Consolidated Airlines (IAG), saying that the group's outlook is the most robust in its sector group. The airline's second quarter results announced on Friday 29 July were the "best so far of the European flag carriers", according to analysts Andre
Read moreLondon close: Late recovery not enough, Footsie ends 1% lower
29th Jul 2011 16:33
While the blue chip index still closed with moderate losses, a late partial recovery assured that the Footsie finished firmly above the 5,800 level - after dipping below at in the early afternoon - on reports that US politicians had drawn up a "rough agreement" in regards to the debt ceiling and def
Read moreBA owner IAG moves into profit
29th Jul 2011 08:03
British Airways operator International Consolidated Airlines (IAG) moved into profit in the second quarter, but economic weakness in some markets and high oil prices remain a concern. Pre-tax profits in the three months to 30 June totalled €39m, against a loss of €419m in the same period the previo
Read moreFriday preview: Sky, Anglo-American, JLT, US GDP ...
28th Jul 2011 17:01
After the whole News International farrago of recent weeks it will probably be a relief for the board of pay-TV and internet service provider British Sky Broadcasting (BskyB) to get back to the rows and columns of a profit and loss account. Market consensus is for full-year revenue of £6,436m, up f
Read moreLondon close: FTSE 100 limps back above 6,000
6th Jul 2011 16:33
The top share index was above the 6,000 point mark at the close of play, but only just after worries over the Eurozone crisis - and global growth - sent stocks lower. The People´s Bank of China's decision to raise its key policy rate by 25 basis points with effect from tomorrow sent markets into re
Read moreBroker tips: IAG, Robert Wiseman, Robert Walters
6th Jul 2011 13:47
Analysts at AlphaValue downgraded IAG from overweight to underweight with a price target of €3, following the release of the airline's June passenger statistics. IAG saw a 2.3% annual increase in its passenger load factor in June to 81.7%. Also, traffic measured in revenue passenger kilometres ros
Read moreBroker snap: Credit Suisse foresees little turbulence at IAG
6th Jul 2011 12:02
Commenting on yesterday´s traffic figures out from International Airlines Group (IAG) analysts at Credit Suisse indicate that AIG has again, "confirmed underlying revenue trends remain intact," even if their 'comparables' have again been distorted by so-called 'base effects'. The most interesting
Read moreBroker snap: AlphaValue downgrades IAG
6th Jul 2011 10:26
Analysts at AlphaValue downgraded IAG from overweight to underweight with a price target of €3, following the release of the airline's June passenger statistics. IAG saw a 2.3% annual increase in its passenger load factor in June to 81.7%. Also, traffic measured in revenue passenger kilometres ros
Read moreIAG reports increase in passenger traffic in June
5th Jul 2011 16:04
International Consolidated Airlines Group (IAG), the airline formed by the merger of British Airways and Iberia Airlines, saw an upswing in passenger traffic in June, driven by growth in its long-haul premium segment. The company said group traffic, which is measured in revenue passenger kilometre
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