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  • Squawk / 2 hours ago
    Head of Macro Strategy / Saxo Bank
    Ryanair rises more than 5% in early trading on a better-than-expected FY'15 report:

    The Irish low fare airliner released its full-year results earlier today, including an increase in net income to €867 million - a gain of 66% on FY'14 net profits of €523mn. Earnings per share (EPS) rose to €0.63 (diluted) vs. €0.37 in 2014, a 70% increase.

    Sales rose around 12% to €5.65 billion. Traffic rose 11% while load factors rose to 88% while forward bookings are up 4%. The company says it won "substantial' traffic and share in all markets, and that oil is 90% hedged for FY'16.

    Ryanair sees net income of around €955 million next year with a range of €940-970mn, or growth of 8-12%.

    Ryanair's share price is up 21% this year.
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  • Editor’s Picks / 4 hours ago

    Why the Nikkei rally will carry on

    Japanese stocks seem to be on an irresistible rally, hitting fresh 15-year highs for seven straight days, and cheap valuations are expected to propel them to greater heights, analysts say. "We are bullish on Tokyo stocks – we don't see a major correction before the next consumption tax hike in April 2017," BofA-Merrill Lynch's equity strategist Kenji Abe told CNBC. BofA-Merrill Lynch has a 22,700 Nikkei target for the end of March 2016. For decades, global investors have steered clear of Japan. Not only was the country plagued by decades of deflation but its companies were notorious for hoarding cash. But a sharply weaker yen since Prime Minister Shinzo Abe's return to power at the end of 2012 has not only bumped up corporate profits but is also making their stock valuations look cheap in US dollar terms.
    Read article on CNBC
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  • Editor’s Picks / 6 hours ago

    Fortescue says it's unaware of approach to Australian regulators

    Fortescue Metals Group said on Tuesday it was not aware of any parties seeking permission from Australia's regulators to take a stake in the company, after its shares jumped 15 percent on a media report that Chinese firms had applied to buy a stake. The Australian Financial Review reported that Chinese-linked companies had sought permission from the Foreign Investment Review Board (FIRB) to invest in Fortescue, Australia's third-largest iron ore producer. Fortescue's shares touched a two-week high of A$2.495 after the report, which said Fortescue had held talks with China's Baosteel and CITIC about a recapitalisation of the company.
    Read article on CNBC
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  • Trade view / 6 hours ago
    Strategic trade to benefit from China's tariff cuts

    Portfolio Manager / Alcuin Asset Management
    China’s government will lower import duties on many consumer products in June. is set to be the major beneficiary of this, as it saw 151% annual growth in its general merchandise transactions during the first quarter.
    Read the Trade View
  • Editor’s Picks / 6 hours ago

    Charter Communications nears $55 billion deal for Time Warner Cable

    Time Warner Cable is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a triumph for Charter, which was rejected by Time Warner Cable just last year. News of another potential merger comes as the traditional pay television industry faces stagnating growth and new competition from over-the-web rivals offering individual services, like Netflix, or packages of channels, such as Sony. A larger company in this sector could achieve greater economies of scale, including in negotiations with programmers. The cash-and-stock deal values Time Warner Cable at $195 per share, according to sources.
    Read article on Reuters
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