EADS reports losses after its plane deals run into trouble March 9, 2010 EADS, the owner of planemaker Airbus, has ditched its dividend after reporting a loss of €763 m (£693m). The figures for 2009 were dragged down after its A400 military plane project overran. EADS is the world’s second-biggest aerospace company after Boeing. Its revenues fell to €42.8bn from €43.3bn. The loss followed EADS and its partner [...]
EADS reports losses after its plane deals run into trouble March 9, 2010 AER Lingus yesterday announced that its operating losses quadrupled to €81m (£73.5m) last year. The Irish carrier, whose chief executive is Christoph Mueller (inset), saw revenue plummet 11 per cent to €1.2bn. The airline plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of large-scale restructuring plans.
Lookers doubles its profit as car dealers see healthy trade pick-up March 9, 2010 CAR dealership Lookers doubled its annual profit in 2009, reporting pre-tax profits of a record £28.3m. The company, which sells cars from manufacturers like Peugeot, Ford and Volvo, saw its pre-tax profit , goodwill and one-off items jump 102 per cent from 2008. It also benefited from the government scrappage scheme, due to end on [...]
AER LINGUS PROFITS NOSEDIVE March 9, 2010 AER Lingus yesterday announced that its operating losses quadrupled to €81m (£73.5m) last year. The Irish carrier, whose chief executive is Christoph Mueller (inset), saw revenue plummet 11 per cent to €1.2bn. The airline plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of large-scale restructuring plans.
Use Fibonacci analysis to identify key levels March 9, 2010 STERLING’S dramatic drop against the dollar last week hit headlines across the world as traders feared that the pound would hit parity against the euro and fall to new lows against the greenback. But for some, the move was simply an extension of an ongoing drop. Traders who pay attention to Fibonacci levels were prepared [...]
NEW RULES TO STABILISE EUROZONE March 9, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT The euro is a currency without a country and that has always been its weakness. Its members share a common monetary plan but practise disparate fiscal policies – a structure which has been sorely tested by the Greek crisis. But after Greece agreed to austerity measures, the immediate [...]
The Kiwi can’t keep up this strength for long March 9, 2010 COMMODITY currencies such as the Australian dollar and the New Zealand dollar have been in vogue over the past year as traders look to capitalise on rising commodity prices and take a punt on the global economic recovery. It is no surprise, therefore, that Forex.com has added the US dollar-South African rand to its list [...]
Rate cuts will undermine the South African rand’s health March 9, 2010 COMMODITY currencies such as the Australian dollar and the New Zealand dollar have been in vogue over the past year as traders look to capitalise on rising commodity prices and take a punt on the global economic recovery. It is no surprise, therefore, that Forex.com has added the US dollar-South African rand to its list [...]
The Tipster March 9, 2010 THE Australian dollar has been subdued, which is surprising since strong business confidence data earlier this week increases the chances of more interest rate hikes from the Reserve Bank of Australia. The Aussie dollar has traded on a weaker note since Monday after reaching AU$0.9150 against the greenback. Its weak performance in recent sessions can [...]
FOREX FLASH March 9, 2010 Goldman upbeat on sterling The pound has been in retreat since yesterday, after trade data for January suggested that a weaker pound is not yet helping British exports. But this could be short-lived. Goldman Sachs economist Erik Nielsen thinks that the UK economy should emerge from recession before the Eurozone. Nielsen made the comments during [...]
