Company news

IAG quantifies impact of pilots' strike at Iberia
03 Feb, 2012 15:10
International Consolidated Airline Group (IAG), the company formed through the merger of British Airways and Iberia, saw strong growth in premium traffic in January.

Change at the top at ENRC
03 Feb, 2012 15:02
Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), has named Mehmet Dalman as its new Chairman after the abrupt and immediate departure of the previous occupant of the big chair, Dr Johannes Sittard.

Rothschild faces wrath of major Bumi shareholder
03 Feb, 2012 14:59
Nathaniel Rothschild and James Campbell, the founders of Bumi, the Indonesian coal miner, could be out on their derrieres if major shareholder Borneo Bumi Energi & Metal has its way.

US broker round-up
03 Feb, 2012 14:01
URBAN OUTFITTERS: Janney Mntgmy Scott upgrades to buy from neutral, price target of $31.

LVMH surprises market with high earnings
03 Feb, 2012 13:55
It seems luxury product firm LVMH remains immune to the crisis as it registered 22% growth in operating earnings to pass the €5bn mark for its first time ever (€5.26bn). Sales rose 16% to €23.659bn from €20.32bn in 2010.

Old Mutual to blow a billion on special dividend
03 Feb, 2012 12:44
South African savings, investments and insurance group Old Mutual has announced plans to pay a special dividend of 18p per share out of the proceeds from the sale of its Nordic business.

G4S pulls plug on Trojan Security purchase
03 Feb, 2012 12:33
G4S, the security firm, has once again pulled out of an attempt to buy out another company, though this one is on a much smaller scale than its aborted bid for ISS last year.

France Telecom sells Orange Austria to Hutchison Whampoa
03 Feb, 2012 11:43
France Telecom will sell its Orange Austria business to Hutchison Whampoa for €1.3bn.

Broker snap: HSBC downgrades Inditex to neutral
03 Feb, 2012 10:33
HSBC has downgraded Spanish retail giant Inditex to neutral from overweight and held the price target at €73.

BT to hit earnings targets early - UPDATE
03 Feb, 2012 10:18
Telecoms giant BT saw profits jump 48% in the third quarter, as the firm announced that it would hit its 2013 earnings target a year early.