Barclays has picked out IAG and Ryanair as its preferred names in Europe’s airline sector and argued that elevated fuel costs are doing more than squeezing margins.They are beginning to redraw the competitive map.At a moment when the world is facing oil volatility, supply disruption, and fare pressure, the broker’s…
IAG share price has rebounded in the past four consecutive weeks and is showing bottoming signs as crude oil retreats from the year-to-date high. It was trading at $383 on Monday, up by 15% from its lowest level this year. It remains much lower than the year-to-date high of 463p.Falling…
OpenAI’s massive $852 billion valuation is coming under scrutiny from some of its own investors as the company pivots its focus toward enterprise offerings, according to a report by the Financial Times published on Tuesday.The concerns emerge as the company pivots towards enterprise-focused offerings in an effort to counter rising…
Novo Nordisk on Tuesday announced a partnership with OpenAI to deploy artificial intelligence across its business, spanning drug discovery, manufacturing and commercial operations, as the Danish drugmaker looks to sharpen its competitive edge in the fast-growing obesity drug market.The company said the collaboration would leverage OpenAI’s technology to analyse complex…
BP is heading into its first-quarter results with an unusually strong message on earnings, but also with a less comfortable one on the balance sheet.The oil major said on Tuesday that its oil trading business is expected to deliver “exceptional” results in the first quarter.The forecasts are helped by the…
Shares in LVMH were set to open lower on Tuesday after the company reported weaker first-quarter sales.According to a Reuters report, LVMH said on Monday that the conflict shaved at least 1% off its group sales.The decline comes amid the ongoing conflict involving Iran, which has begun to weigh on…
The United Airlines (UAL) and American Airlines (AAL) stocks will be in the spotlight today, April 14, as investors react to news of a potential mega-merger. AAL has dropped to $11.25, down by over 30% from its highest point last year.Similarly, United Airlines has dropped to $95, down by 20%…
Hungary opened a new political chapter on Monday after opposition leader Peter Magyar swept Viktor Orbán from power.The elections ended the nationalist prime minister’s 16-year rule and raised hopes in markets that Budapest could finally begin repairing relations with Brussels and revive a weak economy.The immediate reaction was upbeat as…
Markets are starting the week in a distinctly defensive mood.The collapse of US-Iran talks has put oil back at the center of the global macro story, reviving inflation fears and knocking risk appetite across Asia.At the same time, politics is shaping a second market narrative in Europe, where Viktor Orbán’s…
The Goldman Sachs stock price has rebounded and is moving closer to its all-time high as the company prepares to release its first-quarter results on Monday. GS jumped to $910, a few points below the all-time high of $977. Goldman Sachs earnings previewGoldman Sachs, one of the most prestigious companies in…