Wizzair back on the flotation runway February 4, 2015 EASTERN European-focused budget airline Wizz Air has resurrected plans to list on the London Stock Exchange, seeking to raise €150m (£113m) to help compete with larger rival Ryanair. Hungary-based Wizz, whose rivals also include EasyJet, pulled a plan for an initial public offering last June, citing market volatility in the airline sector.
Ryanair shares down despite growing passenger numbers February 2, 2015 DISCOUNT carrier Ryanair revealed a boosted earnings outlook yet again yesterday, with profits expected to reach €840m-€850m (£630m-£638m) during the 12 months to 31 March 2015. This is up from the €810m-€830m forecast issued less than two months ago on 4 December. The company also posted a €49m net profit for the three months to 31 [...]
Aggregates firm CRH lifts FTSE as oil drama goes on – London Report February 2, 2015 Irish building supplies groups CRH offset a drop in airlines after Ryanair warned on its profit outlook to push the FTSE index higher yesterday. Shares in CRH, one of the top gainers in the FTSE 100 index , rose 7.2 per cent after the company said it had agreed to pay €6.5bn (£4.9bn) for assets [...]
Ryanair share price drops despite raised profit guidance and $400m share buyback February 2, 2015 Ryanair's profits are flying, but the news failed to impress investors. The figures Ryanair has boosted its earnings outlook yet again, with profits expected to reach €840-850m (£630-638m) during the 12 months to 31 March 2015. This is up from the €810-€830m (£610-625m) forecast issued less than two months ago on 4 December. [...]
Road to Cheltenham January 29, 2015 SOME were encouraged by Sprinter Sacre’s return to the racecourse earlier this month, while others were left somewhat cold by the speed at which he stopped up Ascot’s home straight. I guess I sit somewhere between the two camps. I was impressed with how he travelled through most of the race, but was concerned by [...]
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 [...]
EasyJet share price takes off as first-half losses narrow amid positive autumn January 27, 2015 THE FIGURES It’s a good start to the year at EasyJet, as numbers for the first quarter are taking off, sending shares up by more than three per cent on the open. Passenger numbers were up 4.1 per cent to 14.9m, seats flown grew 2.6 per cent to 16.6m and load factor increased one per [...]
Aer Lingus mulls IAG bid as offer rises to €1.36bn January 26, 2015 Shares climbed 2.42 per cent at International Consolidated Airlines Group (IAG) yesterday, after the company confirmed that it had submitted a third offer for Irish flag carrier Aer Lingus. IAG, which owns British Airways, is proposing a bid of €2.55 per share, which values Aer Lingus at around €1.36bn (£1.02bn). The Irish firm stated that [...]
Aer Lingus is considering IAG’s increased offer January 26, 2015 Irish flag carrier Aer Lingus is considering a takeover bid by British Airways owner International Consolidated Airlines (IAG). In a market update this morning, it said: “the board is considering the revised proposal”. The most recent offer, which is the third IAG has made since December, values the Irish airline at €1.34bn (£1bn), or €2.50 [...]
British Airways owner IAG makes third Aer Lingus takeover offer January 24, 2015 International Consolidated Airlines (IAG) has increased its takeover offer for Aer Lingus. The owner of British Airways and Spain’s Iberia has submitted a revised proposal to the Aer Lingus board that values the Irish carrier at €1.34bn (£971m) according to Sky News. IAG has already had two cash takeover bids of €2.30 and [...]