|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.76 - 5.80|
|52 Week Range||5.08 - 8.50|
|Beta (3Y Monthly)||1.40|
|PE Ratio (TTM)||11.90|
|Forward Dividend & Yield||0.40 (5.71%)|
|1y Target Est||11.37|
Hopes that the United States' trade tensions with China and Europe will dissipate, combined with a weaker pound, lifted Britain's main index higher on Wednesday, as a slew of earnings reports also drove share moves. The FTSE 100 advanced 0.8% and outperformed its European peers. The FTSE 250 was roughly flat.
It raises yet again a question that’s puzzled two successive governments and will continue to bedevil whichever party takes power after elections conclude next month: What’s killing capitalism in India? Jet was born in the early 1990s, when India’s closed Soviet-style planned economy had just started embracing globalization and private enterprise. An airline that was at one point the industry’s dominant player should theoretically have been able to thrive.
India’s oldest privately owned airline suspended operations on a “temporary” basis on Wednesday after failing to secure a bailout. On one level, you could argue that this is a good sign for India: Its institutions are holding up. State-owned banks are Jet’s biggest creditors and they seem unwilling to throw more money at the airline without a clear revival plan.
European shares retreated from near six-month highs on Wednesday, with German stocks leading losses as chemicals producer Bayer and carmaker BMW tumbled, and as the European Union resisted British Prime Minister Theresa May's plea to delay Brexit. The pan-European STOXX 600 index fell 0.9 percent as investors booked profits after five sessions of gains, with Bayer's near 10 percent slump weighing the most.
With eyes fixed on a U.S. Federal Reserve statement and news conference later in the day, the pan-European STOXX 600 index fell 0.4 percent as investors booked profits after five sessions of gains. Germany's DAX lost more than 1 percent with Bayer down 12 percent after a San Francisco jury became the second to rule against Roundup, eight months after a $289 million award to claimants in a similar case. Bayer acquired Monsanto, the longtime maker of Roundup, for $63 billion last year.
Financial stocks and housebuilders slipped after British Prime Minister Theresa May asked the European Union to delay Brexit and caused the FTSE 100 to snap a seven-day winning streak, while a slide in sterling pulled the mid-cap index lower.
A weaker pound amid growing Brexit concerns offset a selloff in blue-chip miners and lifted the exporter-heavy FTSE 100 on Wednesday, while satellite operator Inmarsat surged on a $3.3 billion takeover approach. The FTSE 100 shrugged off initial losses to edge 0.1 percent higher, up for an eighth straight session, and the FTSE 250 was roughly flat by 0948 GMT. Mining stocks slipped nearly 2.5 percent as iron ore prices plunged in anticipation of increased supply after Vale SA was set to restart work at its largest iron ore mine.
Britain's main stock index inched higher on Wednesday led by gains in oil majors and miners, though investors remained cautious a day after lawmakers rejected Prime Minister Theresa May's revised Brexit deal. The FTSE 100 was up 0.1 percent while the FTSE 250 was down 0.1 percent by 0940 GMT.
Cutthroat price competition denied it that opportunity, and now banks are picking up a majority stake – at a price of 1 rupee for 114 million shares. Banks will get into trouble if the rescue eventually fails, like it did in the case of a 2011 debt-to-equity swap at the now-defunct Kingfisher Airlines.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today I will be providing a simpleRead More...
It looks as if that is what’s about to happen at DIY retailer Kingfisher Plc. The board is considering sacking Chief Executive Officer Veronique Laury, who has led the chain since the end of 2014, according to the Sunday Times. Underlying pre-tax profit fell 8 percent in fiscal 2018 and it is expected to decline again this year, according to the consensus of Bloomberg estimates.
British blue-chip shares eked out small gains as industrials were comforted by Prime Minister Theresa May's presentation to parliament of her European Union divorce deal Plan B, even as a stronger pound weighed on the index. London's FTSE 100 closed 0.03 percent higher after hitting near session lows with sterling gaining ground following May's comments that she would seek further concessions from the EU on a back-up plan to avoid a hard border in Ireland.
British shares opened slightly higher on Monday, buoyed by strength in oil majors and multinational consumer goods companies, as investors readied for news from Prime Minister Theresa May on her plan to exit from the European Union. London's FTSE 100 was 0.2 percent higher at 0900 GMT, with further weakness in the pound boosting the exporter-heavy index.
In 2014 Véronique Laury-Deroubaix was appointed CEO of Kingfisher plc (LON:KGF). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Next, we'll consider Read More...
Since even that modest goal has proven elusive, India’s longest-surviving private airline now needs bankers with spine to keep flying. It’s been clear for some time that Jet, falling behind even on pilots’ wages, was going to skip a debt payment soon. As a full-service carrier, India’s second-largest airline spends that much more per available seat kilometer than its bigger rival, IndiGo.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Kingfisher plc (LON:KGF) has paid a Read More...
Over the past four years, passenger growth in India has been rapid: The number of flights taken has increased between 15 and 20 percent per year. Almost every Indian airline is struggling. Consider Jet Airways Ltd., the oldest private airline in India.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to Read More...