Best of the Brokers for 23 October 2013 October 22, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ARCELOR MITTAL UBS has moved the steel giant from “buy” to “sell” and dropped its target price from €11.50 to €10.50, after cutting its expectations for the group’s earnings before interest, tax, depreciation and amortisation by nine per cent next year and 8.5 [...]
As passenger numbers grow is EasyJet about to beat Ryanair in the battle for the skies? December 5, 2013 EasyJet has posted an increase in its passenger numbers for the month of November to 4,255,978. This represents a rise of 3.4 per cent on the same period last year. November's increase in passengers marks further good news for the low-cost airline in stark contrast to Irish competitor Ryanair, which has struggled in recent months. [...]
Norwegian to offer low-price flights to the US October 17, 2013 NORWEGIAN has become the latest airline to attempt a low-cost service to America, in a coup for Gatwick Airport. The airline will sell flights to New York next summer for just £149 one-way – an offer made possible by the advent of more efficient planes like the new Dreamliner, chief executive Bjorn Kjos said yesterday. [...]
What the other papers say this morning – 25 November 2013 November 25, 2013 FINANCIAL TIMES Trafigura sells Puma stake for $500m Trafigura, one of the world’s largest commodities trading houses, has raised $500m from the sale of a 10 per cent stake in Puma Energy in a deal that makes a stock market flotation of its fast-growing petrol station and oil terminal unit less likely. The company, which [...]
Mentors are key to helping entrepreneurs reach the next stage of development November 13, 2013 IT SEEMED Julie Waddell had all the ingredients for success when she set up Moorish, which sells Britain’s only smoked hummus products. Orders were pouring in, a leading supermarket had expressed interest in her wares and she had been nominated for an industry award. But Waddell needed help. Lacking business experience, she turned to Chris [...]
Fans stampede for tickets after qualifying win October 16, 2013 ENGLAND supporters have scrambled to find flights and tour packages for the World Cup since Tuesday’s win over Poland confirmed their place at next summer’s tournament in Brazil. Tour operator Thomson Sport said more customers had booked its packages in the hours immediately following the match than in the entire previous month. It added that [...]
IAG chief Willie Walsh hits out at visa red tape September 23, 2013 BRITISH Airways boss Willie Walsh yesterday hit out at the government for failing to set a long-term agenda for economic growth and said Britain’s bureaucratic visa system is putting off Chinese tourists and businesses. The chief executive of the airline’s parent company International Airlines Group told reporters on board BA’s inaugural flight to Chinese city [...]
London Report: FTSE stalls at a five-month high as big storm hits October 28, 2013 BRITAIN’S blue chip share index steadied yesterday after hitting a five-month high, stalling just above the key 6,700 points level as a mixed crop of earnings led to profit taking and bad weather curbed activity. Airlines were among those hit by profit taking, as the St Jude storm in Britain disrupted flights. Easyjet dropped 2.3 [...]
IAG denounces Alitalia rescue plans as illegal October 14, 2013 INTERNATIONAL Airlines Group yesterday denounced Italian plans to rescue Alitalia as illegal, as shareholders were due to vote on a capital increase to keep the near-bankrupt flag carrier flying. IAG, which owns British Airways and Spanish airline Iberia, urged the European Commission to intervene over the Italian government’s attempts to stitch together a bailout for [...]
What the other papers say this morning – 13 November 2013 November 12, 2013 FINANCIAL TIMES Forex probe widens to 15 banks The global probe into foreign exchange manipulation has widened to include 15 of the world’s biggest banks and some of the most actively traded currencies, as lenders scramble to help authorities in exchange for leniency. The UK’s Financial Conduct Authority – one of seven regulators handling the [...]