Airline Stocks Slide as EU, UK Move to Ban Some Flights on Fresh Covid-19 Concerns
November 26 2021 - 4:19AM
Dow Jones News
Airline Stocks Slide as EU and UK Move to Ban Some Flights on
Fresh Covid-19 Concerns
0843 GMT - Shares in European airlines open sharply lower after
the EU looks to halt flights from South Africa over concerns about
a new variant of Covid-19. The European Commission will propose
activating an emergency mechanism to stop air travel from the
region, President Ursula von der Leyen tweeted early Friday. The
U.K. has also issued a temporary flight ban on six African
countries, including South Africa. Shares in Lufthansa are down
11%, Air France-KLM drops 9.4%, British Airways owner IAG falls
14%, easyJet is down 13% and Ryanair declines 9.5%. European equity
markets trade sharply lower on concerns about the new variant.
(cristina.roca@wsj.com; @_cristinaroca)
Companies News:
Blue Prism Agrees to Increased GBP1.22 Bln Takeover by Vista
Funds
Blue Prism Group PLC said late Thursday that it has agreed to
and recommended an increased 1.22 billion-pound ($1.63 billion)
final offer from Bali Bidco Ltd., a company indirectly owned by the
Vista Funds.
---
Diageo Starts Next Tranche of Return to Capital Program
Diageo PLC said Friday that that it has started the next tranche
of its return of capital program of up to 4.5 billion pounds ($5.99
billion) to shareholders by the end of June 2024.
---
ScS Group Two-Year 16 Week Comparable Orders Were Up 0.9%
ScS Group PLC said Friday that two-year like-for-like order
growth for the 16 weeks ended Nov. 20 was 0.9%, but that it has
experienced a fall in store footfall and subsequent sales over the
past seven weeks with customers spending less on big ticket
items.
---
Kitwave Group Performs Ahead of Views in 2H; Appoints COO
Kitwave Group PLC said Friday that it performed ahead of revenue
expectations in the second half of fiscal 2021 and that this has
led to its operating profit being significantly ahead of views.
---
Essentra's CFO to Leave by End 1H 2022
Essentra PLC said Friday that Chief Financial Officer Lily Liu
is leaving the company to take up a new role at Synthomer PLC.
---
Parkmead Shares Fall on Significantly Widened FY Pretax Loss
Shares in Parkmead Group PLC on Friday fell after the company
reported a significantly widened pretax loss for fiscal 2021
despite higher gas prices.
Market Talk:
S&P Might Raise Ireland's Outlook to Positive, Though It's
Not a Done Deal
0738 GMT - Ireland lines up for a review of its AA- rating by
S&P Global Ratings on Friday, and while a raising of its
outlook to positive from stable is possible, it isn't a done deal,
analysts say. Citi's rates strategists expect no change. Danske
Bank's analysts say they see a possibility that S&P will raise
the outlook to positive "due to the steady budget improvement and
sound public finances." Danske acknowledges that there is some
uncertainty regarding Brexit, "but we expect this to be resolved."
Danske's analysts also expect Irish spreads over French OATs to
tighten again after some underperformance.
(emese.bartha@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
November 26, 2021 04:04 ET (09:04 GMT)
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