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 [...]
German food discounters Aldi and Lidl enjoy premium branding buzz – Brand Index January 13, 2015 In another blow to traditional British grocers in the ongoing supermarket price war, budget food retailers Aldi and Lidl are the highest performing brands in YouGov’s BrandIndex Buzz score rankings for 2014. But there is still good news for some more of Britain’s most loved retailers, such as John Lewis and Marks & Spencer. The [...]
Forget trickle-down: In a free market, the rich don’t gain at the poor’s expense January 12, 2015 A lie, repeated often, becomes the truth in the public mind. That’s why, when a Fox News commentator suggests that Birmingham is a “Muslim-only city”, we feel it important to set the record straight. Sadly, many lies and myths pervade public discussion of economics. No matter how often they are debunked, they return. Attempts to [...]
Oil crashes to new six-year low after Goldman Sachs cuts forecasts January 12, 2015 Oil crashed to a new six-year low after Goldman Sachs became the latest banking giant to cut forecasts, saying the price of the black stuff must fall further if it's to discourage investment in its rival shale gas. Brent crude broke the $48 per barrel mark this afternoon taking it to its lowest level since [...]