Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  Air Berlin Plc    AB1   GB00B128C026

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

EasyJet, IAG boost FTSE as airlines circle over Air Berlin carcass

share with twitter share with LinkedIn share with facebook
share via e-mail
08/15/2017 | 06:04pm CET
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange

A late boost from airlines helped FTSE 100 <.FTSE> gain 0.4 percent on Tuesday, after inflation data earlier eased investors' fears over a squeeze on consumer spending.

EasyJet (>> EasyJet) jumped 4.5 percent to lead the FTSE after Air Berlin (>> Air Berlin Plc) filed for insolvency and a source said the orange budget airline was in talks to snatch up some of the failed airline's assets.

British Airways owner IAG (>> International Consolidated Airlines Group) also jumped 2.9 percent.

Consumer price inflation unexpectedly held steady in July, data showed on Tuesday, denting the pound and boosting blue-chips, with investors looking ahead to Wednesday's wage data for a better read on the health of the labour market.

"Even if inflation had got stronger, I don't think that would be enough to make the Bank of England raise rates," said Mike Bell, global market strategist at JP Morgan Asset Management.

"The [wage growth] numbers tomorrow are going to be much more important," he said.

Among gainers, defence and security firm BAE Systems (>> BAE Systems) rose 2.3 percent after Goldman Sachs added the stock to its "conviction list" and reiterated its "buy" rating.

"We expect programme growth, as well as a new Typhoon (combat aircraft) order from Saudi Arabia, to cement the outlook for 2019/2020," it said, adding that BAE had underperformed the FTSE 100 recently and was now trading at a wider-than-usual discount to U.S. peers.

Meanwhile Next (>> Next) fell 3.1 percent after Berenberg downgraded its rating on the retailer to 'sell' from 'hold', citing its large retail outlet footprint as a brake on its ability to invest in online services and home delivery.

"While it was quick to recognise the online opportunity, it has failed to fully adapt its business model, instead focussing on short-term cash flow and profitability," said Berenberg analysts.

They pointed to similarities between Next and Kodak, which had a dramatic fall from grace ending in insolvency when it failed to keep pace with innovations in the photography market.

Miners Randgold Resources (>> Randgold Resources) and Fresnillo (>> Fresnillo) led losers, down 3 to 3.2 percent as weaker Chinese housing sector data weighed on commodities stocks across the market.

Oil firms Petrofac (>> Petrofac) and Tullow Oil (>> Tullow Oil) held mid-caps back, down around 4 percent each after crude prices tumbled overnight.

Miners Centamin and Acacia Mining also weighed on the index.

Although Tuesday's figures suggested inflation was losing steam, it remained above the Bank of England's target level.

"When it comes to stocks, the impact of inflation is not straightforward," said Kathleen Brooks, analyst at City Index.

"Even though the UK has above-target inflation, growth companies are benefiting from low interest rates, which is why the UK's AIM market has had a stonking year."

(Reporting by Helen Reid; Editing by Kevin Liffey)

By Helen Reid

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AIR BERLIN PLC
12:54p AIR BERLIN : Austrian government considering bridge loan to airline Niki - minis..
10:01a Talks with possible buyers for airline Niki to start on Thursday
09:36a AIR BERLIN : Niki administrator to start talks with potential buyers on Thursday
12/13 AIR BERLIN FINANCE B.V. : NIKI Luftfahrt GmbH filed a petition for the opening o..
12/13 Air Berlin's Niki grounded after Lufthansa drops bid
12/13 AIR BERLIN PLC : NIKI Luftfahrt GmbH filed a petition for the opening of insolve..
12/13 AIR BERLIN : Proposed acquisition of NIKI Luftfahrt GmbH by Deutsche Lufthansa g..
12/13 AIR BERLIN : Austria will repatriate any stranded Niki passengers, ministry says
12/13 AIR BERLIN : Berlin court says airline Niki applies for insolvency proceedings
12/13 AIR BERLIN : Niki Lauda says still interested in buying Niki
More news
News from SeekingAlpha
09/25 WALL STREET BREAKFAST : Elections And Currencies
09/25 Lufthansa eyes Air Berlin assets
09/03 Kamakura Reports Stable Corporate Credit Quality In August
08/15 Air Berlin files for insolvency
07/28 Still Upside For Lufthansa?
Financials (€)
Sales 2017 3 114 M
EBIT 2017 -179 M
Net income 2017 -
Debt 2017 1 498 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0,48x
EV / Sales 2018 0,46x
Capitalization 3,04 M
Duration : Period :
Air Berlin Plc Technical Analysis Chart | AB1 | GB00B128C026 | 4-Traders
Technical analysis trends AIR BERLIN PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 0,01 €
Spread / Average Target -62%
EPS Revisions
Thomas Winkelmann Chief Executive Officer & Executive Director
Gerd Becht Chairman
Oliver Iffert Chief Operating Officer
Courtelis Dimitri Chief Financial Officer
Joachim Edmund Hunold Co-Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
DELTA AIR LINES, INC.8.58%38 237
AIR CHINA LTD.49.58%22 090