Hints and tips:
...Given this, Carnival will leave remaining pessimists in its wake....
...Carnival is very highly geared, with net debt (including lease liabilities) of $29.8bn at the end of third quarter....
...Carnival, Royal Caribbean and smaller rival Norwegian accounted for $2.9bn of the losses....
...Carnival’s enterprise value today of more than $50bn exceeds the figure from the end of 2019 by about a tenth....
...“[Carnival’s] leverage looks unsustainably high,” its analysts warned....
...Carnival said it would sell shares of common stock via the offering “only when the ordinary shares of Carnival plc are trading in a United Kingdom market at a discount to the trading prices to our common...
...Saturday UK, Notting Hill Carnival, an annual three-day street celebration of Caribbean culture dating back to the 1960s, returns in London UK, third anniversary of the death of British teenager Harry...
...Cruise operator Carnival has been hammered over the past year as the pandemic has left its ships sitting idle....
...As a result, BHP will drop out of the FTSE 100 after the stock market closes on January 28, to be replaced by the biggest company in the FTSE 250, currently cruise ship operator Carnival....
...Russia may yet emerge as a battleground for activists in UK plc....
...Everyone who is buying these bonds should be aware that Carnival has this very strange provision in there.” Carnival did not immediately respond to a request for comment....
...The same goes for Carnival. It has been at the head of the queue for Covid fundraisings, including an agreement in April to mortgage much of its fleet....
...Bonds issued by some of the companies hit hardest by coronavirus, including cruise operator Carnival Corporation, have rallied vigorously over the past year, rewarding investors who were prepared to gamble...
...The Iona is one of only two new ships to enter the Carnival fleet this year. Paul Ludlow, president of P&O Cruises, described Iona’s delivery as “a very positive signal for the future of cruising”....
...A case in point is Carnival, the cruise operator, which has raised more than $10bn — including, for the first time this year, via a bond offering that is not secured against the company’s ships....
...British Airways owner IAG led the share price declines, falling 8 per cent, while easyJet dropped 7 per cent, cruise operator Carnival decreased 6 per cent and Ryanair was 4 per cent lower at the close on...
...However, given the arbitrage we keep our £8 price target for Carnival plc unchanged, but lift the recommendation to Hold....
...Carnival has stopped all operations across its remaining fleet....
...The Public Investment Fund, which is controlled by Prince Mohammed, has been snapping up stakes in everything from troubled cruise operator Carnival to the US-based entertainment company Live Nation....
...For Carnival Corporation, we remain a Sell with a price target of $10 (from $14.50), while we take Carnival plc back to Sell with a price target of £8 (from £11.80).• Risk of further suspensions appears...
...Cruise line Carnival and airline easyJet are both shown the door. Not all of the new entrants have been elevated by the lockdown....
...Carnival says bookings for 2022 are already outpacing those for 2019....
...Carnival said crew who did not have critical roles on its vessels were not working....
...The bulk of job cuts announced so far are in the worst-hit industries, with thousands planned at airlines such as British Airways and easyJet, cruise ship operator Carnival, and carmakers including Bentley...
...While the likes of hard-pressed cruise line operator Carnival and automaker Ford grab headlines with throat-catching coupons, blue-chip borrowers are paying much the same as they did in pre-coronavirus times...
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