Several airline stocks have enjoyed share price bumps today following a positive note on European airlines by Davy Research. Air France-KLM, Norwegian and Thomas Cook were among the airlines that enjoyed spikes in their share price, with the Franco-Dutch carrier enjoying a near 5 per cent rise. Norwegian's share price increased by 3.52 per cent while Thomas Cook's rose by 3.65 per cent. The note by Davys read: "We think earnings momentum in the European airlines sector will inflect positively as we exit the winter trading season. Industry consolidation, reduced capacity growth and moderating fuel costs should support EPS [earnings per share] upgrades as the year progresses." In a boost for budget airlines Ryanair and Wizz Air, Davys singled them out as its "preferred names" and upgraded their ratings from "neutral" to "outperform". Ryanair's share price rose by 3.32 per cent and rival Wizz by 2.45 per cent. Read more: Ryanair slashes profit guidance by €100m amid falling revenue … [Read more...] about Airline stocks enjoy share price bump following positive forecast for 2019
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Baku, Azerbaijan, Jan. 7 By Taleh Mursagulov - Trend: Baku Stock Exchange (BSE) is delisting shares of Kapital Bank, Trend reports referring to the BSE webpage. "Based on Kapital Bank's appeal to the Baku Stock Exchange, a decision has been made to delist the ordinary and preference shares of the Bank from the standard market segment," BSE said. In accordance with the listing rules of the BSE, the decision to delist will take effect two months after the announcement. At the end of 3Q2018, the assets of Kapital Bank amounted to 3.5 billion manats and liabilities to 3.1 billion manats. --- Follow the author on Twitter: @TalehMursagulov Follow Trend on Telegram. Only most interesting and important news … [Read more...] about Baku Stock Exchange delisting shares of Kapital Bank
In May 2018, BOCE requested the AMCU's preliminary conclusions on the acquisition of over 25% of PFTS shares. REUTERS The Antimonopoly Committee of Ukraine (AMCU) has allowed Chinese-based Bohai Commodity Exchange Co., Ltd. (BOCE) to buy more than 25% of shares of the PFTS Stock Exchange located in Kyiv. Read also China on track to replace Russia as Ukraine’s biggest trading partner - Kyiv Post In May 2018, BOCE requested the AMCU's preliminary conclusions on the acquisition of over 25% of PFTS shares, but the application was returned to the applicant due to insufficient information disclosure, according to the AMCU's website. In late September, the Chinese side re-filed documents, as reported by the news outlet LIGA.net on December 6. The Ukrainian stock exchange earlier announced its plans to carry out an additional issue of shares and offer them to Bohai Commodity Exchange Co., Ltd. The State Property Fund (SPF) of Ukraine, on November 30, 2016, announced BOCE the … [Read more...] about Ukraine’s antitrust agency allows Chinese BOCE to buy Ukrainian PFTS Stock Exchange’s shares
TILRAY has become the world's most valuable cannabis company. The Canadian business saw its stocks surge after announcing plans to export medicinal cannabis to the US for research. Here's what you need to know. What is Tilray? Tilray became the first cannabis company to go on the Nasdaq in July. According to its website, the company based in Nanaimo, is dedicated to "cultivating and delivering the benefits of medical cannabis safely and reliably." It is now set to work with researchers from the University of California San Diego's Center for Medicinal Cannabis Research to study drugs containing cannabinoids. What is the latest share price? Tilray's initial share price was a menial £12.87 ($17), but it has now trading at more than 13 times their July IPO price. On September 19, shares were up 61.3 percent at $249.94, a day after its Chief Executive Brendan Kennedy told Bloomberg the company is interested in the market for consumer products that use ingredients from marijuana. … [Read more...] about What is Tilray, what is the latest share price and how does it stock price compare to Canopy Growth?
THE fate of thousands of staff members hangs in the balance as House of Fraser is dealt a fresh blow. Here's the latest on store closures and whether the high street stalwart is going into administration. Is House of Fraser closing? House of Fraser confirmed in early August 2018 that 31 of its 59 stores would be closing in January 2019. This would lead to 6,000 job losses — 2,000 House of Fraser staff and 4,000 across brands and concessions. But now the jobs of all 17,500 staff members are at risk after plans to restructure the company failed. The department store chain had proposed a so-called Company Voluntary Agreement (CVA), which a number of other British retailers have adopted in recent years. The business will continue to trade while they seek to find a buyer. Alex Williamson, chief executive of House of Fraser, said: "We are hopeful that the current negotiations will shortly be concluded. "An acquisition of the 169-year-old retail business will see House of Fraser … [Read more...] about Is House of Fraser closing, what’s the latest share price and is it going into administration?