Hints and tips:
...“I’m sorry Alitalia will [rebrand], it’s been like a family for all these years, an expensive family, but nevertheless a family,” prime minister Mario Draghi said last year as he announced privatisation...
...US index futures showed the S&P 500 easing by 2 points to 1,697. Brent crude was down 39 cents to $108.82 a barrel....
...So Monday’s denial by Air France-KLM of talks to buy more shares in Italy’s Alitalia – where it has held a 25 per cent stake since 2009 – should be welcomed....
...He says that he did not take part in 2007’s bidding process because the conditions did not exist for a successful turnround....
...Last Friday Air France-KLM made a formal bid to take over Alitalia, the heavily loss-making, state-dominated Italian flag carrier....
...Spain’s Repsol , which has a 25 per cent stake in the Petrobras-led consortium drilling the BM-S-9 section of the field, rose 9.3 per cent to €25.68....
...Air France-KLM was up 7.8 per cent to €19.11 after talks to take over Alitalia collapsed after further demands from Italian unions. Alitalia’s shares were suspended on Thursday and Friday....
...Air France-KLM fell 5.6 per cent to €20.54, after Jean-Cyril Spinetta, chief executive, revealled he will begin talks in Rome on Thursday over a possible takeover of Alitalia....
...M&S says the next steps are comparatively modest....
...But it is a measure of Rome's desperation to save Alitalia that it is taking unacceptable action to try to force rival airlines such as British Airways and Lufthansa to stop offering lower fares than Alitalia...
...s war in Iraq and the severe acute respiratory syndrome outbreak in Asia, shares in Sydney-based Qantas have risen from a low of A$3.07 to a closing price of A$3.33 on Tuesday....
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