International Airlines Group share price rises on higher profit guidance October 31, 2014 Shares in International Airlines Group (IAG), the company behind British Airways and Spanish flag carrier Iberia, rose 3.5 per cent in early trading after it raised its full-year profit guidance. The airline said it expected operating profit before exceptional items to be between €550m and €600m (£432m to £471.5m) higher than 2013's €770m. IAG said [...]
Aer Lingus takeover: IAG will “engage with Irish government” to secure its support January 27, 2015 International Consolidated Airlines (IAG) is ready to add Aer Lingus to its roster, with the Irish airline's board set to recommend its third takeover to shareholders. According to IAG, the Aer Lingus board is ready to accept the €1.35bn (£1.01bn) cash offer equal to €2.55 per share, subject to certain pre-conditions. Shares in IAG and Aer [...]
Edreams’ ticketing nightmares come to an end as sales pick up November 25, 2014 SPANISH travel company eDreams Odigeo said revenues rose three per cent in the second quarter of the year, thanks to strong growth in overseas markets outside of Europe. eDreams, one of the world’s biggest online travel firms, made its debut on the Madrid stock market in April, but was forced to suspend trading on 24 [...]
FTSE falls back but airlines soar after Osborne’s tax cut – London Report December 3, 2014 LONDON’S top share index edged down from a one-week high yesterday, with moves in stocks exposed to measures announced in the Autumn Statement dominating in an otherwise quiet session. The blue chip FTSE 100 index closed down 0.4 per cent at 6,716.63 points. Large-cap airlines easyJet, up 2.46 per cent at 1,668p, and British Airways [...]
Gonzalo to blast rush hour and hit flights October 20, 2014 Gusts of up to 70mph are predicted to hit Britain today as the last of Hurricane Gonzalo sweeps through. The Met Office issued a gale warning, as the winds hit Blackpool (above), predicting difficult conditions during today’s morning rush hour and damage to trees. It may be very disruptive and several of today’s British Airways [...]
Brent crude oil falls below $50 January 7, 2015 The price of Brent crude oil has dipped below $50-a-barrel mark for the first time in five and a half years, marking a symbolic moment for oil. The black stuff fell another two per cent this morning to $49.99 a barrel. Yesterday Brent crude dipped to $51.12, following a six per cent fall on Monday, [...]
Opec’s decision not to cut production pulls down oil firms – London Report November 27, 2014 THE FTSE closed mixed yesterday, with oil-sensitive blue chips heavy fallers after the Organisation of Petroleum Exporting Countries (Opec) said it would take no action to ease a global supply gut of oil. Their losses were almost offset by gains elsewhere. The FTSE 100 closed down 5.75 points, or 0.09 per cent, to 6723.42. FTSE [...]
FTSE bounces into positive territory as oil price plummets – London Report November 13, 2014 THE FTSE bounced back yesterday from the previous day’s fall, with holiday cruise company Carnival and retailer Dixons Carphone among the top performers. The blue chip index closed up 0.4 per cent at 6,635.45 points, continuing its recovery from 15-month lows in October and marking its highest level in around one-and-a-half months. Carnival rose 2.8 [...]
Oil prices sink below $50 a barrel as petrol costs tumble January 5, 2015 Boost for motorists and airlines as petrol costs tumble… yet the speed of black gold’s collapse spooks global markets. The price of oil slid further yesterday, providing a boon to motorists and fuel-dependent industries, yet contributing to market turbulence throughout the world. American crude crashed below $50 a barrel during trading, while benchmark Brent tumbled under [...]
Santa rally in sight as FTSE jumps again – London Report December 18, 2014 THE FTSE 100 enjoyed one of its best days of 2014 yesterday, as the US Federal Reserve’s pledge for a “patient approach” to any interest rate increase lifted stock markets around the world. Financial services company Old Mutual and British Airways owner International Consolidated Airlines Group (IAG) were among the best performers on the blue-chip [...]