Ryanair raises forecasts after strong demand November 5, 2012 RYANAIR, Europe’s biggest budget airline, yesterday raised its full-year profit forecast after higher fares, lower than expected fuel costs and a surge in demand after the Olympics helped it beat first-half expectations. The Ireland-based airline, waiting to hear whether EU regulators will approve its takeover of domestic peer Aer Lingus, also said it was benefiting [...]
Rapid responses November 5, 2012 Green shoots I took it as a sure sign that we were in the grip of a severe bear market when your regular Monday feature “Bill of the Week” was quietly canned. So it was with interest that I saw a “green shoot” in yesterday’s edition, with the Capitalist reporting on a thundering bill chalked [...]
Ryanair posts jump in first-half profit November 5, 2012 Ryanair this morning posted a 10 per cent jump in first-half profit, thanks to higher fares and lower fuel costs. The Dublin-based airline said fares rose six per cent in the second half, coupled with a surge in passenger numbers during the summer months. Net profit for the six months to September came in at [...]
Raft of firms set to release figures as Bank debates if more QE needed November 4, 2012 THE biggest question for UK investors this week is whether the Bank of England’s Monetary Policy Committee (MPC) will opt for more quantitative easing. The decision, which will be announced on Thursday, comes after strong jobs and GDP data. “Strong third quarter GDP data suggested that underlying growth was slightly stronger than previously thought and [...]
What the other papers say this morning October 31, 2012 FINANCIAL TIMES Small TNK-BP investors left in doubt Igor Sechin yesterday added to concerns about investor rights in Russia when the Rosneft chief executive said the state-controlled oil group had no obligation towards minority investors in TNK-BP. He was speaking as Rosneft moved ahead with plans to buy TNK-BP, Russia’s third-largest oil producer, in a [...]
Ryanair hopes to woo EU with compromise on Aer Lingus bid October 22, 2012 IRISH low-cost airline Ryanair has offered concessions to European Union antitrust regulators in a bid to secure regulatory clearance to acquire local rival Aer Lingus. Ryanair, whose most recent bid for Aer Lingus in June valued the firm at €694m (£566m), hopes to convince the European Commission that a takeover would not restrict competition on [...]
Ryanair bows out of Stansted Airport auction October 9, 2012 RYANAIR yesterday dropped its efforts to buy a stake in Stansted, blaming the airport’s owner Ferrovial for refusing to engage. The budget carrier has written to all of its potential bidding partners to withdraw from the process, citing “Ferrovial’s decision to exclude Ryanair from the Stansted sale”. Ryanair had been looking to take a 25 [...]
EasyJet, Ryanair and IAG are helped by post-Games boost October 3, 2012 EASYJET shares soared 3.5 per cent yesterday after it raised its profit forecasts thanks to a jump in post-Olympic traffic. The budget carrier’s chief executive Carolyn McCall said demand from London “increased towards the upper end of expectations” after the Games, helping to lift its pre-tax profits to between £310m and £320m for the year [...]
Ryanair carries enough fuel September 20, 2012 ■ Aviation watchdogs have cleared Ryanair of breaching safety rules after three emergency landings in Valencia in July, but recommended that the airline and the Spanish authorities review their fuel policies. The planes were carrying sufficient fuel when they departed from Madrid, but after diversions during thunderstorms made Mayday calls as fuel dropped close to [...]
Puglia takes on the family challenge September 9, 2012 IT’S ONE of those dilemmas that make you bone-deep thankful to be born in the twenty-first century, austerity notwithstanding. Two hundred years ago my ancestors faced problems like: “Will I be transported to a hellish penal colony if I steal that pie to feed my children?”. One hundred years ago: “Those Germans are looking feisty, [...]