Finance and economy
3,147 news found
Finance and economyLufthansa: British Midland sold to IAG (British Airways-Iberia)
Berlin, Germany - Sale provides to the carrier sustainable future prospects and the opportunity to benefit from stronger financial position
Lufthansa said in a press release that Deutsche Lufthansa AG (Lufthansa) and International Airlines Group (IAG) have signed a binding purchase agreement for the sale of British Midland Ltd. (bmi) to IAG... more
Finance and economyGoldman Sachs will act as intermediary in the sale of the Moscow-Domodedovo airport shares
Moscow, Russia - According to rumours, 20% might be on sale for a value of 1 billion American dollars
Following the decision to postpone the initial public offering of the Moscow-Domodedovo airport on the London Stock Exchange taken last May due to the current unfavourable market conditions, the manager... more
Finance and economyFinmeccanica: Standard&Poor’s will maintain society's status
Rome, Italy - At investment grade level
"Standard&Poor’s yesterday announced it will maintain Finmeccanica’s investment grade status, while lowering its long-term credit rating from BBB/Negative Outlook to BBB-/ Negative Outlook and maintaining at... more
Finance and economyFinmeccanica's BoD. Breakdown of key figures
Rome, Italy - The order backlog was EUR 44,811 million
Breakdown of key figures New orders totalled EUR 10,638 million in the first nine months, down EUR 2,841 million (-21%) on the EUR 13,479 million recorded for the first nine months of 2010. This decline... more
Finance and economyFinmeccanica. Third-quarter financial results to 30 September 2011
Rome, Italy - New orders were EUR 10,638 million
Third-quarter financial results to 30 September 2011. NB The 9M11 results reflect the impact of the sale of 45% of Ansaldo Energia on 13 June 2011, date from which Ansaldo Energia has been consolidated... more
Finance and economyAutogrill: the BoD approves the Interim Report to 30th September 2011
Milan, Italy - It sees growth in 3rd quarter revenues and
"The Board of Directors of Autogrill approved the Interim Report to 30th September 2011. Following the figures in a summarized manner: · Consolidated revenues: EUR 1,667m, up 5.1% on 3rd quarter... more
Finance and economyIAG: 3rd quarter results
London, UK - For the three and nine months ended September 30, 2011
International Airlines Group last Friday presented Group results for the three and nine months ended September 30, 2011. In addition, IAG presented combined results for the nine months ended September... more
Finance and economyItaly. SEA (Milan airports): procedure for the listing on the Stock Exchange proceeds
Milan, Italy - Last Friday Board of Directors took the decision
Last Friday, SEA (Società per azioni esercizi aeroportuali - Milan Airports Management Company) announced that the Board of Directors decided to proceed with the publication of the registration document... more
Finance and economyLM announces third quarter 2011 results
Bethesda, Usa - Net sales grew 7 percent to $12.1 billion
Lockheed Martin (LM) announced yersterday third quarter 2011 results. Following the figures: - Net sales grew 7 percent to $12.1 billion - Earnings from continuing operations grew 19 percent to... more
Finance and economyBoeing reports third-quarter results 2011
Chicago, Usa - A summary of the figures
Boeing reported yesterday the third-quarter results. Following, the summary of the figures - Earnings per share of $1.46 reported on revenue of $17.7 billion - Backlog grew to $332 billion, including... more
Finance and economyMiddle East, a source of economic growth in the aviation industry
Dubai, United Emirates - Declared by Boeing during a conference held in Dubai
During the annual conference of investors in the aircraft manufacturing market of the Middle East, Africa and South Asia being held in Dubai, representatives of Boeing Capital Corporation, the financial... more
Finance and economyItalian "Cassa Depositi e Prestiti" seems to be interested in Italian Avio too
Milan, Italy - To save a strategic company
Following the announcement by the French company Safran, saying that it was considering the acquisition of Italian Avio; issue followed also by a parliamentary question (see AVIONEWS), it seems that the... more
Finance and economyeasyJet pre-close statement for the year ended 30 September 2011
Milan, Italy - Current trading; dividend and return of capital; forward bookings; hedging and costs
"Current trading easyJet’s commercial performance continues to be robust across the network, with particular strength on city routes used by business and short break leisure travellers. As a result, t... more
Finance and economyFinmeccanica launches share buyback programme
Rome, Italy - For a maximum of 1,530,287 ordinary shares
"Finmeccanica advises that, pursuant to article 144-bis, paragraph 3, of Consob Regulation 11971/1999, it is to proceed with the launch of the share buyback programme approved by the shareholders’ meeting h... more
Finance and economyQatar is said it wants to buy EADS's stakes
Doha, Qatar - According to some news sources
According to some sources of international press Qatar would be interested in buying about 7.5% of shares of EADS -European Aeronautic Defence and Space- the European conglomerate that includes, among... more
Finance and economyUSA: Senate cuts to the defense could raise unemployment. Lockheed Martin answers regrading F-35 programme
Washington, USA - Serious repercussions on work industry
The US defense secretary Leon Panetta said that the freezing of the defense budget that Congress proposed would lead to the growth of the unemployment rate in the United States by one point, which currently... more
Finance and economyGrow up Boeing and EADS' stocks on the basis of demand forecast for China
London, Great Britain - It is expected the purchase of 5000 new commercial aircraft
Positive shock for the market yesterday following the disclosure by Boeing experts' forecasts for the purchase of new aircraft from China valid for the next twenty years: as proposed by the US manufacturer... more
Finance and economyThe Air France-KLM group down by 60% since the beginning of the year
Paris, France - Other European competitors declining as well
International observers have noticed the late negative trend of Air France-KLM securities, whose price, even though low, does not attract the interest of investors. According to experts, the lack of... more
Finance and economyBad day for Finmeccanica's shares
Cernobbio, Italy - The president Guarguaglini speaks from Cernobbio
Finmeccanica lost about 18 points today on the Stock Exchange at close of business (opening price 5.200, closing price 5.025), however considering, on a day, negative for all markets, and despite the statements... more
Finance and economyGemina: debt refinancing has been completed by a new medium-term credit line
Rome, Italy - AdR refinances the revolving line for max 100 million euro at February 2013
"Gemina SpA stipulated a loan contract on yesterday's date for a total cap amount of 60.1 million euro, expiring in December 2014 (Gemina Loan). The new loan is allocated by the Company to the full... more
Finance and economyOn the occasion of SEA's listing, employees will have the opportunity to become shareholders at favourable conditions
Milan, Italy - Due to a "Unique" agreement signed by trade unions with the company's management
It's going on the path that will allow SEA, management company of Milan-Linate and Milan-Malpensa airports (Italy), to be listed: the arrival at Piazza Affari stock exchange should occur between the end... more
Finance and economyTrading shares suspended for Malaysia Airlines
Kuala Lumpur, Malaysia - Probably some shares will be gained by AirAsia
This morning, August 8, Malaysia stock market suspended trading in the shares of flag carrier Malaysia Airlines and of budget carrier AirAsia following the request of the companies, between which there... more
Finance and economyFinmeccanica: negative day for its title in the Stock Exchange
Milan, Italy - CEO Orsi has written to the Group's workers according to that reported today by "MF"
The Finmeccanica's title has opened this morning at Milan's Stock Exchange at 5.14 recording a maximum of 5.165 and a minimal of 4.902. In addition today the economical daily "Milano Finanza" published... more
Finance and economyStock Exchange. Finmeccanica opens today at 4.96
Milan, Italy - The title lost 3.84% yesterday
The Finmeccanica's title closed yesterday at EUR 5.02 (-3.84%) decreasing compared to the remaining of the "Electronics/Electromechanical" Group confirming the weakness also compared to the index. The... more
Finance and economyAlitalia: first half year 2011
Rome, Italy - Passenger and revenues grew; further improvement in the quality of service
"The Board of Directors of Alitalia -Compagnia Aerea Italiana SpA- held last Friday in Rome its meeting chaired by Mr Roberto Colaninno, in which it approved the midyear consolidated financial accounts... more
Finance and economyRR Holdings Plc: half-yearly 2011 results
London, UK - Exclusive agreement to power the Airbus A-350/1000 aircraft
Rolls-Royce has unveiled yesterday the half-yearly 2011 results. Group Highlights are: - £8.7bn of new orders: record order book of £61.4bn. - Underlying revenues up four per cent to £5.46bn. - Un... more
Finance and economyAutogrill: the board of directors approves report for 1st half 2011 (part dedicated to the airports)
Milan, Italy - Profits of EUR 39m against 23.5m in 2010
Meeting today, the board of directors of Autogrill SpA approved the 1st half 2011 financial report. The highlights, in a summarized version, are: · Consolidated revenues: EUR 2,655.8m (up 2.8%)... more
Finance and economyEADS reports half-year results 2011
Leiden, Holland - Key success: American Airlines endorses A-320 and A-320neo aircraft families
EADS reports today half-year results 2011. The hightlights, in a summary, are: • Order intake up 89 percent to € 58.1 billion • Key success: American Airlines endorses A-320 and A-320neo aircr... more
Finance and economyFinmeccanica's BoD: breakdown of key figures
Rome, Italy - In 2010, certain restructuring programs were launched
In 2010, certain restructuring programs were launched to improve company performance and Group profitability. At the same time, the strained economic outlook of Western economies led to strong pressure... more
Finance and economyAutogrill: Group debt early refinancing completed
Milan, Italy - Through two new credit facilities worth a total € 1.35 billion
Autogrill Group completed the refinancing of a sizeable portion of its consolidated debt by executing two new credit facilities worth a total € 1.35 billion, both with final maturity July 2016, to be u... more
Finance and economyBoeing reports second quarter results 2011
Chicago, Usa - In particular into the Commercial airplanes and Defense, Space & Security segments
The Boeing Company reported second-quarter net income of $0.9 billion, or $1.25 per share, on revenue of $16.5 billion. Operating margin of 9.3 percent reflects higher Commercial Airplanes volume and... more
Finance and economyAirbus plans to acquire Satair, parts and solutions' provider for airplanes and helicopters maintenance
Paris, France - An operation that will allow industry to reinforce, in a considerable manner, offer to its customers
Airbus, an EADS subsidiary, has signed an agreement with the Board of Directors of Satair A/S, a Danish company listed on the NASDAQ OMX Copenhagen, for the launch of a voluntary conditional tender offer... more
Finance and economyFinmeccanica presents its first Sustainability Report
Rome, Italy - Yesterday in Rome, at the Museo dell’Ara Pacis
Finmeccanica presented its Sustainability Report 2010 yesterday in Rome, at the Museo dell’Ara Pacis. The event has been attended by Cardinal Gianfranco Ravasi, President of the Pontifical Council for C... more
Finance and economyStudy on Budapest airport's economic relevance
Budapest, Hungary - Made by a Hungarian University
It has been presented today, June 30 a study conducted by a research group of the Faculty of Economics and Business Administration of the University of Szeged in Hungary, led by Professor Miklos Lukovics,... more
Finance and economyMoody's puts under observation, Italian companies, regions and provinces
Milan, Italy - Among the others Finmeccanica, Eni, Enel
Italy is under the eyes of Moody's, the U.S. credit rating agency: two notes issued by the company explain the motivation and publish the list of institutions and societies involved in the rating review,... more
Finance and economyAutogrill: the Board of Directors approve results for 1Q11
Milan, Italy - Revenues up 3.9% to EUR 1,202.8m
Meeting today, the board of directors of Autogrill SpA examined and approved the consolidated results at 31 March 2011. · Consolidated revenues: EUR 1,202.8m, up 3.9% on 1,157.9m in 1st quarter 2010... more
Finance and economyBoeing reports 1Q2011 results
Chicago, Usa - And it reaffirms this year guidance
Boeing reported yesterday the results into the 1Q2011 and reaffirms the guidance for this year. Following, the highlights: - Earnings per share of $0.78 on revenue of $14.9 billion - Backlog grew... more
Finance and economyGoodrich Corporation, agreement for the purchase of Microtecnica srl
Charlotte, USA - Signed wit SSCP Aero Holdings
On Friday, April 1, 2011, Goodrich Corporation, global provider of systems and services for aerospace industry,has announced it has signed an agreement with SSCP Aero Holdings Sca -backed to Striling Square... more
Finance and economySea SpA (Milan Airports): started the process of stock exchange listing
Milan, Italy - Following the approval of the budget 2011
Following approval of the 2011 budget by the City Council of Milan and of the subsequent Council resolution relative to the stock exchange listing of Sea, the Sea SpA Board of Directors has initiated the... more
Finance and economyAutogrill: Board approves the consolidated financial statements at 31st December 2010
Milan, Italy - Net profits reach EUR 103.4m, against 37 in 2009
The Autogrill's Board of Directors has approved the consolidated financial statements at 31st December 2010. The highlights are: · Flight business: deconsolidated following transfer executed on... more
Finance and economyFinmeccanica's Board: breakdown of key figures
Rome, Italy - Revenues in 2010 were EUR 18,695 million
Revenues in 2010 were EUR 18,695 million, versus EUR 18,176 million in 2009, an increase of EUR 519 million (2.9%). The rise is mainly attributable to higher production volumes in Helicopters (particularly... more
Finance and economyRolls-Royce Group: 2010 full-year report
Rome, Italy - The Group highlights
Rolls-Royce Group plc has unveiled 2010 full year report: Group highlights: - Order book remains strong at £59.2bn (2009 £58.3bn), having booked £12.3bn in new orders in 2010. - Group revenues in... more
Finance and economyBoeing reports fourth-quarter 2010 results
Chicago, Usa - And 2011 guidance
Boeing has released today the results about fourth-quarter 2010 and 2011 guidance. The highlights: Fourth-Quarter 2010 • Earnings per share of $1.56, including favorable tax settlement, on revenue o... more
Finance and economyFinmeccanica above guidance for FOCF and orders in 2010
Rome, Italy - Its Board of Directors examined yesterday the financial and commercial forecasts
The Finmeccanica Board of Directors met yesterday to examine the financial and commercial forecasts for 2010. Specifically, in 2010: · Free Operating Cash Flow (FOCF) is expected to be between... more
Finance and economyIndonesia, Garuda airline wants to acquire new planes
Jakarta, Indonesia - It hopes to raise 500 million dollars through IPO
The Indonesian national airline 'Garuda Indonesia' plans to raise through the IPO, Initial Public Offering, scheduled for 11 February 2011, a figure of about $ 500 million. The carrier, which wants... more
Finance and economyAutogrill’s board of directors approve a new Procedure for Related Parties transactions
Milan, Italy - Meeting today
Meeting today and acting on the unanimously favourable opinion of the Independent Directors’ Committee on Related Parties transactions, issued on this the same day, the Board of Directors of Autogrill S... more
Finance and economyRR: interim management statement
Rome, Italy - For the period 1 July to 11 November 2010
Rolls-Royce Group plc, the global power systems company, is today issuing its Interim Management Statement for the period 1 July to 11 November 2010. Trading across the Group’s businesses has progressed i... more
Finance and economyAutogrill: the board of directors approves the Interim Report at 30th September 2010
Brussels, Belgium - Revenues, Ebitda and cash flows up in the first nine months of this year
Meeting today, the board of directors of Autogrill SpAexamined and approved the consolidated results as of 30th September 2010. In the first nine months of the year revenues and Ebitda rose 6.3% and... more
Finance and economyFinmeccanica's Board: breakdown of key figures
Rome, Italy - The results for the first three quarters of the financial year do not fully reflect the trend for the full year
Breakdown of key figures Before examining in detail the nine-month results to 30 September 2010, it is important to note that generally the results for the first three quarters of the financial year... more
Finance and economy"Ferrovial" group to sell 10% of its shares in BAA, British Airport Authority
London, United Kingdom - To decrease debts
Last Friday, October 22 "Ferrovial", the Spanish construction and services group, announced it has initiated the process for the sale of 10% of the shares of "BAA", British Airports Authority, the airport... more