Sarah's Feed
Aug 25, 2015

Ryanair chooses Ireland’s CarTrawler as Hertz replacement

LONDON, Aug 25 (Reuters) – Low-cost airline Ryanair
launched a car hire partnership with online brokerage CarTrawler
on Tuesday, replacing a long-running deal with Hertz as
part of its plan to take on online travel companies.

Ryanair will in October launch a website offering its 100
million annual passengers flight price comparisons, cheap hotel
rooms and restaurant discounts.

Aug 13, 2015

TUI sees earnings at top end of range despite Tunisia attack

BERLIN/LONDON, Aug 13 (Reuters) – Strong summer holiday
demand offset the impact of the Tunisian beach massacre for TUI
which said annual profit would come in at the upper end
of its forecast range.

The world’s largest leisure tourism group, TUI said summer
trading had been robust and it now expected underlying core
earnings (EBITA) to rise by between 12.5 and 15 percent in the
current financial year, against a previous forecast for between
10 and 15 percent.

Aug 4, 2015

Meggitt on track as military orders offset energy declines

LONDON, Aug 4 (Reuters) – British engineering components
firm Meggitt stuck by its annual guidance after a boost
from higher spending on military aircraft offset declines in its
energy business in the first half of the year, lifting its
shares.

Meggitt, which generates half its revenues from supplying
parts for commercial aircraft, reported a 6 percent rise in
half-year profit, helped by rising demand for spare parts for
business jets and as planemakers Airbus and Boeing
ramp up production of jets.

Aug 3, 2015

Rolls-Royce shares rise as activist stake fuels turnaround talk

LONDON, Aug 3 (Reuters) – Shares in British engineering
company Rolls-Royce, under pressure after a run of profit
warnings, rose for a second session on Monday on speculation it
could speed up turnaround plans after an activist investor
became its biggest shareholder.

U.S. fund ValueAct wants Rolls-Royce to speed up cost-cuts
in its aero engines unit and could in future push for it to
divest its non-aero-engine businesses, according to a report in
the Financial Times, citing people familiar with the fund’s
thinking.

Jul 31, 2015

British Airways owner IAG puts focus on costs as competition intensifies

LONDON, July 31 (Reuters) – IAG, owner of British
Airways and Iberia, said on Friday it will continue to focus on
driving down costs as competition intensifies both within Europe
and as rivals put on more capacity on its all-important
transatlantic routes.

IAG, which is buying Aer Lingus to add to a portfolio
comprising BA, Iberia and Vueling, said its unit revenue per
passenger carried and kilometre flown was down 6.6 percent on a
constant currency basis in the three months ended June 30,
showing that no airline is immune from the price war.

Jul 30, 2015

BAE Systems says still waiting for expected combat jet orders

LONDON, July 30 (Reuters) – BAE Systems, Europe’s
biggest defence contractor, is still waiting on securing the new
aircraft orders it needs to meet its annual earnings target, it
said on Thursday.

In reporting a 3 percent slip in first-half earnings per
share, BAE maintained its forecast given in February that for
2015 underlying earnings per share would be marginally higher
than the 38 pence per share it made in 2014, depending on
whether it secured “anticipated” new aircraft orders, which are
most likely to come from Saudi Arabia for the Eurofighter
Typhoon.

Jul 30, 2015

Rolls-Royce’s half-year profit slumps, forecast unchanged

LONDON, July 30 (Reuters) – British group Rolls-Royce
reported a 32 percent drop in half-year profits on Thursday but
the result was slightly better than expected after the engine
maker slashed its forecasts three times in the last nine months.

Rolls-Royce shocked investors earlier this month when it
warned profits at its main aero engines business would falter
next year, adding to declines seen in its marine division, where
a lower oil price has caused a slowdown in orders from energy
customers.

Jul 28, 2015

GKN to buy Dutch aerospace supply firm for 706 mln euros

LONDON, July 28 (Reuters) – British engineering company GKN
said it agreed to acquire Netherlands-based Fokker
Technologies for 706 million euros ($781 million), boosting its
standing as an aerospace supplier and lifting its shares.

GKN, whose historic roots are in auto-part supply but which
has moved into aerospace in the last two decades, said the deal
would extend its global reach in the aerospace sector, building
on its acquisition of Volvo’s aerospace unit in 2012.

Jul 27, 2015

Merlin counts costs of roller coaster crash

LONDON, July 27 (Reuters) – Britain’s Merlin Entertainments
warned on Monday that annual profit would be about 9
percent lower than expected after a roller coaster crash at its
Alton Towers theme park in June kept visitors away.

Merlin, the No. 2 operator of visitor attractions in the
world behind Walt Disney, said profitability at its
theme parks division might continue to feel the effects of the
crash into next year.

Jul 24, 2015

Aggreko issues profit warning due to oil and gas slowdown

LONDON, July 24 (Reuters) – British temporary power firm
Aggreko said on Friday that its pretax profit for this
year would be between 8 and 15 percent lower than market
forecasts, due to a slowdown in oil and gas and less favourable
contract terms.

It shares dived 15 percent after the announcement.

Aggreko said its North American business had been hit by a
lower oil price and declining activity there meant less
equipment was being hired in both shale basins and the Gulf of
Mexico.