Best of the Brokers for 19 November 2013 November 18, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com FOXTONS Brokers Canaccord Genuity upgraded their recommendation on estate agency Foxtons from hold to buy, with a November 2014 target of 320p. The analysts believe Foxtons can capitalise on a .London web address, boosting the firm’s reputation worldwide and upping its share price. [...]
British Airways carries IAG stats February 5, 2013 International Airlines Group posted a slight rise in January traffic, as strong growth at British Airways again made up for weakness at Spain’s Iberia. Traffic, measured in revenue passenger kilometres, rose 0.7 per cent versus January 2012 on capacity one per cent lower. IAG said its first and business-class travel, the most profitable part of [...]
What the other papers say this morning – 22 November 2013 November 21, 2013 FINANCIAL TIMES Independence could lose sterling Scotland will be forced to quit the sterling currency union if it votes for independence next year, a cabinet minister has said, in the starkest warning yet for Scottish voters to remain in the UK. Speaking to the Financial Times days before the Scottish government releases its vision for [...]
24 Carat Ambition February 2, 2014 Annabel Palmer talks trends with Tracy De Groose CARAT, part of the Dentsu Aegis Network, is the UK’s second biggest media agency. Over the course of her career, chief executive Tracy De Groose has worked in marketing and communications on both the client and agency side. She talks to City A.M. about 2014’s big challenges [...]
IAG sees profits up as Iberia makes steady progress November 8, 2013 International Airlines Group (IAG) – the British company formed by merging British Airways and Iberia Airlines in 2011 – has reported third quarter operating profit of €690m (£574.89m), from €270m for the same period last year. The profit jump comes as Iberia's restructuring programme sees progress. (Release) In October, Iberia unveiled its new corporate image [...]
IAG hikes 2015 profit target by 12.5 per cent November 15, 2013 On Friday, International Airline Group (IAG) raised its 2015 operating profit target by 12.5 per cent, or €1.8bn (£1.5bn). The British-Spanish multinational, which owns British Airways (BA) and Iberia, attributed the increased profit target to improved performance at BA and its Spanish based airline, Vueling. BA's 2015 operating profit target was raised from £1.1bn to [...]
Transport bosses in stay-at-home storm October 28, 2013 READERS that chose to stay at home rather than face the chaos that was the St Jude storm yesterday were in excellent company. Several witnesses due in front of the House of Commons transport committee, including representatives of British Airways, Heathrow, Gatwick and the Local Government Association, were unable to show up. Even some of [...]
Met busts drug ring based at Heathrow October 16, 2013 THE METROPOLITAN Police arrested 11 people in dawn raids yesterday after uncovering a drugs smuggling ring based in the cargo operations of Heathrow Airport. The Met said the people, some of whom work for British Airways, were arrested in connection with a “well-established, organised criminal network responsible for importing and distributing millions of pounds worth [...]
Pension giant lands air traffic control stake November 19, 2013 ONE OF Britain’s biggest pension schemes has bought a stake in the national air traffic controller Nats for £143m. Universities Superannuation Scheme, which handles the pensions of around 300,000 higher education workers, has bought the holding from transport companies Thomas Cook, Tui Travel, Lufthansa and Virgin Atlantic. USS will own a 49.9 per cent stake [...]
BA boss Walsh says third runway at Heathrow will never happen October 22, 2013 WILLIE Walsh, the head of British Airways’ parent company, said yesterday he believes the mooted third runway at Heathrow will never be built. Walsh blamed nimbyism as well as politicians picking vote-winning policies over long-term planning for his pessimism. Heathrow has been lobbying the government’s Davies Commission for its blessing to build a new runway [...]