Finance and economy
3,231 news found
Finance and economyAutogrill: calendar of company events for 2009
Milan, Italy - Six dates, from March to November
"Autogrill SpA announced its financial disclosures calendar for 2009, indicating when the Company’s accounts will be examined and approved by Board of Directors and Shareholders’ meetings: - March 12,... more
Finance and economyAir Partner among the most growing European companies
Milan, Italy - It's the only one in the aviation industry included in the standing
Air Partner is in the annual standing which includes the most growing European companies of 2008. The world leader in dealing commercial aircraft and private jets, ranked 43th, the only company of the... more
Finance and economyAlitalia to leave Piazza Affari on January 26th
Milan, Italy - A decision by Borsa Italiana
Alitalia will say goodbye to Piazza Affari on January 26th, after the starting of the cancellation's procedure of the quotation in the Stock Exchange. This decision has been taken by Borsa Italiana. The... more
Finance and economyAlitalia (2): the share cancellation procedure is under way
Milan, Italy - Still no communication by Economics Ministry
Borsa Italiana decided to start the quotation cancellation procedure of the Alitalia's ordinary stocks, suspended since June 5th, 2008. The only possibility for the shareholders to achieve a payback... more
Finance and economyAir France-KLM decreasing in the Stock Exchange after the announcement of the alliance with Alitalia
Paris, France - Yesterday lost 2.07%
After the announcement of the alliance with Alitalia, the Air France-KLM stock is decreased 2.07% closing to 9.67 Euros. Other element that has probably influenced the market's trend was the publication... more
Finance and economyMeridiana, a 20 million Euros financing by Aga Khan Fund
Milan, Italy - For the Eurofly's capital subscription
Meridiana signed with Aga Khan Fund for Economic Development a financing contract equal to 20 million Euros for the Eurofly's capital increase subscription. "The financing was given to allow the air... more
Finance and economyEBAA: the economic impact of the business aviation in Europe
Brussels, Belgium - This report has been prepared by PricewaterhouseCoopers LLP ("PwC") for European Business Aviation Association ("EBAA")
"The key findings of our analysis of the economic impact of business aviation in Europe are as follows: ? The business aviation sector contributed a total of €19.7bn in annual gross value added (GVA) t... more
Finance and economyFinmeccanica (2): issued 750 million euro fixed rate bonds
Rome, Italy - With a 5 year maturity
Finmeccanica launched and priced fixed rate bonds with maturity 3 December 2013 (5-year) for a nominal amount of 750 million Euros. The bonds, with an annual coupon of 8.125%, have an issue price of 99.758%.... more
Finance and economyFinmeccanica (2): capital increase completed
Rome, Italy - Full subscription of the new ordinary shares offered
The rights offering to Finmeccanica shareholders relating to new ordinary shares resulting from the capital increase by way of rights approved by the Board of Directors on 8 September and 15 October 2008,... more
Finance and economyIATA: assessment of premium and economy travel in September
Geneva, Switzerland - Key points
"IATA's assessment of premium and economy travel in September. Key points: - The number of premium passengers fell 8% in September, following a 1.5% decline in August; - Economy travel also fell... more
Finance and economyVitrociset: financial contribution from Ciset and Finmeccanica
Rome, Italy - Recapitalize to grow on the foreign markets
The Roman company, controlled by the Ciset of Edoarda Crociani for 90% and the Finmeccanica for the remaining 10% has decided to recapitalize, with an increase of a million of euro by corporate property... more
Finance and economyVitrociset: Tommaso Pompei is the new CEO
Rome , Italy - The managing director top of Omnitel, Enel, Wind and Tiscali entered the group on November 7th
The company, of whom Mario Arpino is the president, aims at the reinforcement of the corporate property through strategic policies on which Tommaso Pompei one will have to concentrate. The company does... more
Finance and economyFinmeccanica, the strategy of a global leader
Rome, Italy - The take over of DRS consolidates its role as a leading global supplier of integrated systems for defense and security
The acquisition of DRS Technologies represents a major milestone in Finmeccanica’s strategic plan to expand its global presence, focusing on the United States and the United Kingdom. DRS, a US company, o... more
Finance and economyContracts: different perspectives
Rome, Italy - Marcegaglia-Epifani divergences
"Tit-for-tat" between the president of General Confederation of Italian Industry Emma Marcegaglia and CGIL general secretary Gugliemo Epifani. The apple of discord: the different perspectives on the... more
Finance and economyAutogrill: Board of Directors approved re-organization plan
Milan, Italy - To incorporate Autogrill International SpA
"The Boards of Directors of Autogrill SpA and its wholly owned subsidiary Autogrill International SpA yesterday approved a re-organization plan that envisages the merger of Autogrill International into... more
Finance and economyAutogrill: the board of directors approves the first half report at 30 June 2008
Milan, Italy - Consolidated first half 2008 revenues up 25.1% at EUR 2,544.5m
"· Revenue in North America: $ 1,259m, up 9.6% on the $1,148.2m for the first half 2007 · Revenue in Italy: EUR 626.5m, up 4.3% on EUR 600.5m for the first half 2007 · Revenue in Rest of Europe: EUR 32... more
Finance and economyAutogrill on the shares’ buy-back programme
Milan, Italy - Weekly communication about it
"In execution of the resolution passed by the General Meeting of shareholders held on 23 April 2008, Autogrill SpA announces that in the 31st week of 2008 (from 28 July to 1 August), the Company purchased... more
Finance and economyFinmeccanica (4): first-half highlights and significant events since June 2008
Rome, Italy - The acquisition of DRS Technologies will be carried out via the constitution by Finmeccanica of a company incorporated in the US
On 16 January 2008, following the takeover bid launched by Finmeccanica for the UK company VEGA Group Plc, and after achieving a 65.1% take-up rate giving Finmeccanica a total stake of 93.3%, the offer... more
Finance and economyFinmeccanica (2): breakdown of key figures
Rome, Italy - Revenues, Adj EBITA, Net profit, Net debt and Free Operating Cash Flow
Revenues came in at EUR 6,433 million in 1H08, versus EUR 6,079 million in 1H07, an increase of EUR 354 million (+6%). Aerospace and Defence accounted for 80% of production in the period, and Energy and... more
Finance and economyFinmeccanica: the Board of Directors approves first-half results
Rome, Italy - Revenues up 6%
Finmeccanica continued to grow organically during the first half of 2008, confirming the stability and quality of its growth plan. - Revenues came in at EUR 6,433 million in 1H08, versus EUR 6,079 million... more
Finance and economyFinmeccanica (3): orders and the research and development sector
Rome, Italy - The order backlog was equivalent to around three years of production
New orders totalled EUR 6,809 million, an increase of EUR 331 million (+5%) on the figure of EUR 6,478 million recorded in 1H07, and were received in almost all segments. Aerospace and Defence accounted... more
Finance and economyAutogrill about shares’ buy-back programme
Milan, Italy - Weekly communication on it
"In execution of the resolution passed by the General Meeting of shareholders held on 23 April 2008, Autogrill SpA announces that in the 30th week of 2008 (from 21 July to 25 July), the Company purchased... more
Finance and economyAutogrill: guidance and business plan objectives for 2008-2010
London, United Kingdom - Autogrill consolidated revenues to reach € 6.6 billion in 2010
"Business plan for 2008-2010 • Consolidated revenues in 2008: €5,780m, and average annual growth of 6.9% to 2010 • Consolidated Ebitda in 2008: €600m (net of restructuring costs of around €17m),... more
Finance and economyAutogrill to launch buy-back programme
Milan, Italy - Up to 5% of the share capital
"Further to a resolution approved by shareholders on 23rd April 2008, Autogrill SpA has announced that, pursuant to art. 144-bis. Clause 3, 'Regolamenti Emittenti' (regulations for listed companies), it... more
Finance and economyChina: airlines increase fuel surcharges of 50% on domestic routes
Beijing, China - The disposition in effect from today
Chinese airlines, currently suffering a sluggish aviation market, said the increase in jet fuel surcharges, effective as of Tuesday, was not expected to bring much benefit for them. From today, passengers... more
Finance and economyDelisting of Boeing from the Tokyo Stock Exchange
Tokyo, Japan - Starting from July
Boeing has announced the intention to abandon the Tokyo Stock Exchange. The US Group disclosed that from July 8th the delisting iter will be started, and in about one month it will be ended with the goal... more
Finance and economyAmerican International Group crisis, CEO fired
New York, United States - It's the world's largest aeronautical leasing company
American International Group, the greatest insurance group in the world, and also the world's greater airplanes leasing company, is in remarkable crisis: its shares passed from the Christmas' value of... more
Finance and economyUSA: the carriers close with a stock market crash
New York, USA - Repercussions due to the high oil price
Bad week for the US airlines that have closed with a stock market crash due to the repercussion for the high oil price. Delta Air Lines has eased 7.03%, United Airlines 8.82%, Northwest Airlines 7.32%,... more
Finance and economyAlitalia (2): its stock suspended in the Stock Exchange
Milan, Italy - Agreement between CONSOB and Borsa italiana
CONSOB and Borsa Italiana have disclosed the suspension of the Alitalia's ordinary shares, convertible bonds and the derivative financial instruments. This manoeuvre was necessary in view of effects... more
Finance and economyChina Eastern confirms talks with Singapore Airlines
Beijing, China - First proposal rejected in January
Continuing discussions between Singapore Airlines and China Eastern Airlines indicates that a deal is imminent, as SIA embarks on their second attempt to buy a stake in the Chinese carrier. China Eastern... more
Finance and economyFinmeccanica to acquire 11.1% of Eurotech
Rome, Italy - A deal worth 18 million Euro
The Board of Directors of Finmeccanica has decided to enter the shareholding of Eurotech through the acquisition of around 11.1% of the Company’s share capital - equivalent to 3,936,461 shares - from a... more
Finance and economyAlitalia (3): the withdrawal of negotiations with Air France-KLM benefits to shares
Milan, Italy - In the goodbye day the French stock has earned 10%
The breaking-off of negotiations between Alitalia and the French-Dutch Group, Air France-KLM, benefited the Stock Exchange. Starting from April 22nd (the date of goodbye to negotiations), the French... more
Finance and economyOil's increase, British Airways raises prices
London, United Kingdom - Many airlines forced to increase their fares in last weeks
British Airways has announced it will raise its fuel surcharge on all flights, to face the recent increase of the price of oil (see for details AVIONEWS). Prices for long-haul flights - those to destinations... more
Finance and economyAirports, they could be not enough in 2020
Milan, Italy - According to a Morgan Stanley's report
A detailed report by Morgan Stanley, New York based business bank, shows that in 2020 airports could be not enough for the passengers from all the world. According to the numbers, passengers' increase... more
Finance and economyOil-increase, US carriers raise fares
New York, USA - Estimated losses for USD 1,6bn
Fuel cost's increase, raised for 65% in 2007, has generated losses for USD 1,6bn for the 10 main US carriers, according to a study by "International Herald Tribune". After the stops decided in the last... more
Finance and economyUSA: oil cost increase, emergency landings' record
New York, USA - In according to USA's Department of transports
Increase of the oil's cost, besides of causing some airlines' failure, is generating something brought to light by the USA's Department of transports in last days. Number of emergency landings in United... more
Finance and economyMilan Stock Exchange: Gemina dropping after the goodbye by Air France-KLM
Milan, Italy - Yesterday it lost 7.21%
The failure of the Air France-KLM's plan on Alitalia, that forecast a upgrading of the Rome's airports, has had a negative impact on the Gemina share, that yesterday has lost 7.21% in the Stock Exchange,... more
Finance and economyAlitalia, stock exchange suspends quoted securities
Milan, Italy - It follows Air France-KLM withdrawal from negotiation
Italian stock exchange has suspended Alitalia's quote securities until the end of the day. Decision comes after the withdrawal of Air France-KLM from negotiation for the airline's purchase Ordinary... more
Finance and economySafran, stoke trend's still negative
Paris, France - High technology company suffers the air sector's troubles
Safran, International group that provides communications systems and high technologies to the air sector, has decreased its market value for 8%, from 11,9 to 11 Euro, in according to the American bank... more
Finance and economyDelta Air Lines and Northwest, business union negotiations resume
Atlanta, USA - Newness announced on next week
Negotiations for the union between Delta Air Lines and Northwest Airlines are resuming. The announce comes in the same time of the upcoming release of the first quarter's results -not positive at all-... more
Finance and economyCitigroup, new investments in transports
New York, USA - Funds for new infrastructures have been increased
Citigroup, American bank group, has opted for a stock's increase which will guarantee USD 5,5 bn for the realization of new infrastructures inside the airports. First the object of the Citi Infrastructure... more
Finance and economyAlitalia (3): last day of exchange's suspension
Milan, Italy - Negotiation suspended until April, 8th
Last day of exchange's suspensions for Alitalia's stocks. Last Friday, "Borsa Italiana" had established the negotiation on stocks should be suspended "Until April, 8th waiting for a release". Last signed... more
Finance and economyVueling-Clickair, merger into one only carrier
Madrid, Spain - It will become the third carrier of Spain
Vueling and Clickair give the go-ahead to the merger for the creation of one only low-cost carrier, that will become the third airline of Spain. The project forecasts the takeover of Clickair in Vueling,... more
Finance and economyAlitalia (5): Common stocks excluded from the Italian Blue Chip
Milan, Italy - Because of the high volatility of its price
By the March, 28th's closing, S&P/Mib Index Committee has decided to exclude Alitalia's common stock from the main index of the Italian Blue Chip. The cause? "The extreme volatility of its price and the... more
Finance and economyEADS 2007 worse than expected
Paris, France - Gallois: "Was exceptionally transparent, professional and fair"
Airbus parent EADS reported a net loss of € 446 million for 2007, reversed from a net profit of € 99 million the previous year, as the company was hurt by Power 8 restructuring costs, A-350 XWB program sta... more
Finance and economyBritish Airways, good results in February 2007
London, United Kingdom - "Long-haul premium traffic remains strong"
Good results for British Airways in February 2007. Load factor for the month lifted to 68.4%, an increase of 0.6%. This reflects BA carrying 2.32 million passengers for the month, up from last February’s 2... more
Finance and economyAlitalia (3): share advances through positive trend
Milan, Italy - It is up 0.53%
Hard day for Alitalia. After the suspension for excessive loss, the share of the national airlines has been recovered to the trading to -2.22%, it loses 0.97% to 0.561 Euro. After an initial sharp decline,... more
Finance and economyAlitalia (2): sharp decline of the stock after a positive opening
Milan, Italy - Now it is to -5%
The Alitalia share is ups and downs today in the Piazza Affari. Shares had initially risen, then fell amid speculation over an expected offer by Air France-KLM, which should detail its plan for the money-losing... more
Finance and economyAlitalia (2): stock in free fall in Piazza Affari
Rome, Italy - Following the announcement relating to the net debt on January 31st, 2008
The Alitalia stock in free fall in Piazza Affari after the announcement relating to the net debt updated to January 31st, 2008, equal to 1.28 billion Euro. The shares fell to a record low of 0.58 Euro... more
Finance and economyThe merger between Delta and Northwest is still uncertain
Atlanta, USA - "Any potential merger would have to meet certain principles"
Another sign of trouble for a proposed merger between Delta Air Lines and Northwest Airlines. Delta Chief Executive, Richard Anderson, and Chief Financial Officer, Ed Bastian, told employees in an e-mail... more