Britain Overtakes U.S. As Top World Bank Donor The change was significant, given America’s traditional influence over the presidency and policies of the bank.... Read Full Article Happy Birthday Mrs President - Hillary Clinton Raises $1.5m$ Hillary Clinton used a 60th birthday party, in which the British singer Elvis Costello serenaded her with "Happy birthday Mrs President", to raise $1.5 million ($£730,000) for her p... Read Full Article Game Theory: Large Beasts, Mean Weapons And A Terrifying Judge The animated cinematic sequences that separate missions are slickly produced and well acted but not remotely engaging.... Read Full Article World Briefing | Asia: Turkmenistan: A Crack In The Isolation Days after Gurbanguly Berdymukhammedov was sworn in as the reclusive country’s first new leader since the Soviet era, its first Internet cafes, in Ashgabat, the capital, were opened to the public. Oth... Read Full Article Apple To Open IPhone Programming To Outsiders Responding to frustration from customers and software makers, Apple has changed its policies to encourage independent developers to build programs for the iPhone.... Read Full Article |
Analysts NewsPay strike threat as BT delivers £714 million profitBen Verwaayen delivered a pledge of further cost cuts and sales growth yesterday as he signed off after six years as head of BT. The outgoing chief executive announced a 2 per cent rise in revenue for the fourth quarter, which most analysts had expected to be flat and pre-tax profits were up 3 per cent to £714 million.Read Full Article Tempus: Open planBarclays is wise, given the vascillating that has embarrassed its rivals, to refuse to rule out some kind of capital raising. The bank this morning admitted that its core equity Tier 1 capital ratio, which was already below the bank’s 5.25 per cent target at December, would fall even further, possibly to as low as 4.9 per cent according to analysts, by the half-year. Finance director Chris Lucas says that Barclays is "prepared to run ahead of targets or below, depending on circumstances". But with financial regulators pushing banks to beef up their capital buffer, and Barclays’ competitors’ aiming for targets of 6 per cent at the very least, the bank is going to look increasingly out of step. Questions about its balance sheet are likely to to continue to drag the stock. A further downturn in the financial markets could worsen the problem. It was tricky to tell how parts of the bank are faring. Barclays Capital has been profitable in the year to date despite the turmoil. But, although it wrote back up £500 million worth of its own debt, Barclays did not mention similar improvements in its credit investments. It has also been sparing in writing down its leveraged finance exposure. There is much that could still turn sour for banks this year. No wonder Barclays wants to leave all its options open.Read Full Article Chinese earthquake stokes inflation fearsAnalysts warned today that the earthquake could unravel the Chinese government’s recent efforts to rein in bank lending and cool inflation – regional banks in the affected areas are now expected to be granted immunity from the recently imposed curbs on lending as firms race to rebuild.Read Full Article British Airways counts cost of T5 fiasco as passenger numbers fallThe chaotic opening of Heathrow’s Terminal 5 last month led to British Airways’ worst April since the start of the Iraq war. Yesterday the airline said that passenger numbers had fallen by 7.9 per cent, or 221,000 people, to 2.5 million after the problematic opening of the £4.3 billion terminal. The British flag carrier was forced to cancel more than 430 flights and lost about 20,000 pieces of luggage as it moved into its new home at T5. The negative publicity and cancelled flights are thought to have contributed substantially to the fall in passenger numbers during the month. This particularly affected BA’s UK and European operations, which were the first to move into T5. Short-haul passenger numbers fell 8.5 per cent last month and BA’s aircraft were operating at only 70 per cent of capacity. Worldwide, the carrier’s aircraft were 71.6 per cent full during the month, the lowest April load factor since the Iraq war began in March 2003. Load factors are seasonal and typically in April traffic rises before the summer. The decline in passenger numbers last month was worst in the economy cabins, with an8.8 per cent fall compared with last year. Premium passenger numbers rebounded by 3.4 per cent after a 5 per cent fall in the previous month. Of particular concern to BA will be the sudden drop in transatlantic travel, which is where the carrier makes the bulk of its money. Passenger numbers to and from the Americas fell 7.9 per cent and the load factor fell to 72.2 per cent, from 78.5 per cent in the same month last year. Nick van den Brul, aviation analyst for Exane BNP Paribas, said: “T5 has clearly been a big problem and it will have an impact on profits. April is usually a good month, when things start to pick up after the winter, but this has not happened.” Analysts are concerned that BA’s passenger numbers are falling just as costs rise and the economy slows. Oil prices have hit record levels and this has caused a number of airlines to go into bankruptcy. BA put up its fuel surcharge last week to cover these increased costs, but it risks losing passengers, particularly as the economies of Britain and the United States slow. Doug McVitie, managing director of Arran Aerospace, an aviation consult-ancy, said: “The combination of higher fares, higher costs and falling passenger numbers is very bad news and the more bad news there is, the more people will be put off the airline.” BA’s share price fell 9¾p to 239p yesterday and is trading at less than half the level of a year ago. The company said: “Market conditions are broadly unchanged with long-haul, nonpremium traffic showing significant weakness. In April some impact was felt, particularly on transfer traffic, from the move to T5 and the operational problems in the early part of the month.” Ryanair, the low-cost carrier, has also suffered from weaker demand as a result of tighter household budgets. Its traffic figures for April show that it is not increasing passenger numbers by enough to cope with the capacity it is adding. Passenger numbers rose by 15 per cent to 4.7 million, compared with the same month last year, but load factors dropped to 79 per cent from 83 per cent. Further indications of weakness in the airline sector is expected today when easyJet, another budget airline, reports its first-half figures. Analysts expect a loss of about £50 million compared with a £17 million loss in the same half last year.Read Full Article Pressure piled on Barclays as analysts predict need for £3bn cashAnalysts yesterday heaped further pressure on Barclays by predicting a £3 billion capital raising this month, on top of £3 billion in further writedowns, and the payment of a paper, rather than cash, dividend.Read Full Article External News for: analystsDillard's rises as analyst upgrades to 'Buy' - The Associated PressDillard's rises as analyst upgrades to 'Buy'The Associated PressNEW YORK — Shares of department store retailer Dillard's Inc. rose on Friday after an analyst upgraded the stock to "Buy" and said efforts to cut costs and ...Deutsche Bank Upgrades Dillard's to BuyFOXBusinessDeutsche Bank Upgrades Dillard's to “Buy” (DDS)Dividend.com (blog)Dillard's Shares Rose 8.6% After Deutshe Bank Upgrade (DDS)Comtex SmartrendBenzinga -istockAnalyst.com (press release)all 75 news articles »Dillard's rises as analyst upgrades to 'Buy' - The Associated PressDillard's rises as analyst upgrades to 'Buy'The Associated PressNEW YORK — Shares of department store retailer Dillard's Inc. rose on Friday after an analyst upgraded the stock to "Buy" and said efforts to cut costs and ...Deutsche Bank Upgrades Dillard's to BuyFOXBusinessDeutsche Bank Upgrades Dillard's to “Buy” (DDS)Dividend.com (blog)Dillard's Shares Rose 8.6% After Deutshe Bank Upgrade (DDS)Comtex SmartrendBenzinga -istockAnalyst.com (press release)all 75 news articles »Analysts question SEC as credit agencies' policeman - ReutersNBC4i.comAnalysts question SEC as credit agencies' policemanReutersMany analysts believe the ratings model the big three agencies use is inherently flawed and susceptible to conflicts of interest because the issuer pays ...Ohio Jumps On The Rating Agency Lawsuit BandwagonAtlantic Onlineall 184 news articles »Dillard's rises as analyst upgrades to 'Buy' - The Associated PressDillard's rises as analyst upgrades to 'Buy'The Associated PressNEW YORK — Shares of department store retailer Dillard's Inc. rose on Friday after an analyst upgraded the stock to "Buy" and said efforts to cut costs and ...Deutsche Bank Upgrades Dillard's to BuyFOXBusinessDeutsche Bank Upgrades Dillard's to “Buy” (DDS)Dividend.com (blog)Dillard's Shares Rose 8.6% After Deutshe Bank Upgrade (DDS)Comtex SmartrendBenzinga -istockAnalyst.com (press release)all 75 news articles »Analysts question SEC as credit agencies' policeman - ReutersNBC4i.comAnalysts question SEC as credit agencies' policemanReutersMany analysts believe the ratings model the big three agencies use is inherently flawed and susceptible to conflicts of interest because the issuer pays ...Ohio Jumps On The Rating Agency Lawsuit BandwagonAtlantic Onlineall 184 news articles »Aruba Networks shares fall after 1Q report - The Associated PressAruba Networks shares fall after 1Q reportThe Associated PressIt earned 4 cents per share when excluding expenses like a $19.8 million legal settlement; analysts polled by Thomson Reuters expected a profit of 3 cents ...UPDATE 1-Aruba first-qtr results beat Street viewReutersAruba Networks 1Q Loss Widens On Litigation ChargeWall Street JournalAruba Slides Despite Solid FY Q1; Q2 Guidance Slightly Ahead of EstimatesBarron's (blog)CNNMoney.com (press release) -RTT News -Morningstar.caall 152 news articles » |
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