Hints and tips:
...France-KLM FY, Anheuser-Busch InBev FY, CVS Group HY, Getlink FY, Haleon FY, Hammerson FY, IAG FY, London Stock Exchange Group FY, Man Group FY, Mobico FY, Ocado FY, Schroders FY, Serco FY, Weir Group FY...
...France-KLM H1, Aon Q2, AstraZeneca H1, Aston Martin Lagonda H1, Bouygues H1, Capgemini H1, Chevron Q2, Colgate-Palmolive Q2, Co-operative Bank H1, CNH Industrial Q2, Eni H1, ExxonMobil Q2, IAG Q2, NatWest...
...With each carrier on a current 0.7x EV/IC, we take a more cautious view by downgrading Lufthansa to Sell and retaining our Buy rating on International Airlines Group (IAG) and Hold rating on Air France KLM...
...France-KLM, Lufthansa Group and Alitalia, albeit not British Airways in our view)....
...Air France-KLM....
...Job moves Air France-KLM has named Anne Rigail, a 27-year veteran of the group as the new head of its French unit, three months after chief executive Benjamin Smith took control of the French flag carrier...
...Shakespeare’s Henry V, visiting his troops in disguise on the eve of the battle of Agincourt....
...But if markets were rallying behind the tricolore, the shares to express solidarity would be those most exposed to an intensified French terror threat: Aéroports de Paris and Air France-KLM....
...Air France-KLM returned to a net profit in 2015 for the first time since 2010. But it has been a bruising fight....
...● Related Lex note: With friends like these Air France staff resort to violence An Air France staff meeting descended into violence this week, with two executives getting the shirts ripped from their...
...In the last four weeks, consensus earnings forecasts for Peugeot, Rémy Cointreau and Air France-KLM have all been downgraded, by 40 per cent, 11 per cent and 8 per cent, respectively, according to Bloomberg...
...Other unions on Friday attacked their senior management, accusing executives at Air France-KLM, the lossmaking airline, of “shocking” golden pensions....
...In France, Peugeot also announced a fall in sales while Air France-KLM appears wisely to have decided not to raise its stake in Alitalia, but both companies still have long journeys ahead....
...Air France, a number of French telecoms companies and the country’s biggest banks have all either mooted or are in the process of implementing plans to lay off workers....
...Shareholders of Air France-KLM and Safran recently protested against big pay-offs for chief executives at the partly state-owned groups....
...Air France-KLM fell 0.4 per cent to €11.47, and International Consolidated Airlines, the merged BA and Iberian operations, fell 0.6 per cent in Madrid to €2.53....
...Air France-KLM also experienced a bumpy patch after the airline issued a profits warning and said it had been affected by European snow and North African unrest....
...Air France-KLM was down 1.3 per cent to €13.62. Swatch, the Swiss watchmaker, fell 1 per cent to SFr420.90, while rival Richemont slid 1.3 per cent to SFr56.25....
...Other big gainers included Lufthansa, which added 1.8 per cent to €13.03 after rival Air France-KLM reported a rise in July passenger traffic late last week....
...Across Europe, Lufthansa in Germany fell 3.1 per cent to €12.44, Air France-KLM lost 2.9 per cent to €12.08, Air Berlin dropped 1.7 per cent to €4.09 and Iberia shares in Spain were 2.7 per cent lower at...
...Air France-KLM rose 5.2 per cent to €9.76, also boosted by news that the carrier planned to restart negotiations later this year with Airbus and Boeing to buy 100-150 long-haul aircraft worth up to $38bn...
...Amadeus, which was spun out of four European airlines in 1987 and is still 47 per cent-owned by Iberia, Lufthansa and Air France-KLM, is planning an initial public offering....
...European airlines were also under pressure after Air France-KLM shares plunged 11.2 per cent to €10.23, their lowest in three months....
...On Thursday, Air France-KLM began marketing a deal worth €575m ($803m) with the potential to increase it to €660m if there is the demand....
...Over the five sessions, Air France-KLM rose 11 per cent to €10.68....
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