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Germany's Lufthansa cuts 2024 profit target for a second time

UPDATE 3-Germany's Lufthansa cuts 2024 profit target for a second time Updates share moves in paragraph 3, context on earlier profit warning in paragraph 8 By Joanna Plucinska, Ludwig Burger and Ozan Ergenay LONDON/FRANKFURT, July 12 (Reuters) - Deutsche Lufthansa LHAG.DE slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe's top airlines struggles with low returns and operations problems.
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Hargreaves Lansdown, Spectris, Wizz Air

EUROPE RESEARCH ROUNDUP-Hargreaves Lansdown, Spectris, Wizz Air July 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Hargreaves Lansdown, Spectris and Wizz Air, on Friday. HIGHLIGHTS * Hargreaves Lansdown HRGV.L : JP Morgan raises target price to 684p from 671p * Spectris Plc SXS.L : Jefferies cuts target price to 4190p from 4435p * Spirax-Sarco SPX.L : Jefferies cuts target price to 9580p from 9690p * Weir Group WEIR.L : Jefferi
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Danske Bank, Entain, Halma

EUROPE RESEARCH ROUNDUP-Danske Bank, Entain, Halma July 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Entain and Halma, on Wednesday. HIGHLIGHTS * Danske Bank DANSKE.CO : Berenberg initiates coverage with hold rating; PT DKK 215 * Entain ENT.L : JP Morgan cuts target price to 900p from 910p * Halma HLMA.L : JP Morgan raises target price to 2,350p from 2,000p * Novonesis NSISb.CO : JP Morgan raises target price to
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British Business - July 8

PRESS DIGEST-British Business - July 8 July 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Schroders, UK's biggest investment group that oversees about 760 billion pounds ($973.26 billion) of assets, warned that a gap between executive pay of British and American companies risks a flight of talent to the United States.
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EU's airline deal demands fuel doubts over further attempts

ANALYSIS-EU's airline deal demands fuel doubts over further attempts By Joanna Plucinska LONDON, July 4 (Reuters) - It took a year of wrangling with the European Commission for Germany's Lufthansa LHAG.DE to gain approval to buy 41% of Italy's ITA Airways, and only after it accepted big concessions. While the deal expands Lufthansa's footprint in the lucrative southern European market, the combined group will have to cede some routes and slots to rivals for it to proceed.
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Lufthansa gets EU nod for $350 mln stake in Italy's ITA

UPDATE 3-Lufthansa gets EU nod for $350 mln stake in Italy's ITA Updates with analyst comment in paragraphs 6 and 16, share prices By Foo Yun Chee, Ilona Wissenbach and Angelo Amante BRUSSELS/FRANKFURT/ROME, July 3 (Reuters) - Lufthansa LHAG.DE won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG's shares and hopes for its takeover of Air Europa.
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ASMI, EasyJet, Kooth

EUROPE RESEARCH ROUNDUP-ASMI, EasyJet, Kooth July 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ASMI, EasyJet and Kooth, on Wednesday. HIGHLIGHTS * ASMI ASMI.AS : Jefferies raises target price to EUR 880 from EUR 780 * B.P. Marsh & Partners Plc BPM.L : Jefferies raises target price to 625p from 560p * EasyJet EZJ.L : JP Morgan cuts target price to 640p from 670p * Kooth Plc KOO.L : Berenberg initiates coverage with buy rating;
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Lufthansa to raise fares by up to 72 euros as environmental costs increase

UPDATE 5-Lufthansa to raise fares by up to 72 euros as environmental costs increase Airline to introduce 'Environmental Cost Surcharge' Fares to rise between 1 euro and 72 euros Air France-KLM has made a similar move Updates with Wizz Air, Southwest and United Airlines comment By Joanna Plucinska, Ilona Wissenbach and Tim Hepher June 25 (Reuters) - Lufthansa LHAG.DE will add an environmental charge of up to 72 euros ($77) to its fares, the airline group said on Tuesday, joining at least one Euro
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Wizz Air top loser on FTSE midcap on Barclays downgrade

BUZZ-Wizz Air top loser on FTSE midcap on Barclays downgrade ** Shares of European budget carrier Wizz Air WIZZ.L down 4% at 2,238p ** Barclays downgrades stock to 'underweight' from 'equal-weight' ** Stock the top loser on FTSE midcap .FTMC index ** Brokerage says low cost carrier revenue trends are proving less dynamic than we anticipated ** Also
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Huhtamaki, Ryanair and Wizz Air

EUROPE RESEARCH ROUNDUP-Huhtamaki, Ryanair and Wizz Air June 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Huhtamaki, Ryanair and Wizz Air, on Friday. HIGHLIGHTS * B&M European Value Retail BMEB.L : Morgan Stanley cuts to underweight from equal weight * Huhtamaki HUH1V.HE : Barclays raises to overweight from equal-weight * Ryanair RYA.I : Barclays cuts to equal-weight from overweight * Wizz Air WIZZ.L : Barclays cuts to underw
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British Business - June 20

PRESS DIGEST-British Business - June 20 June 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Starling Bank has filed winding up petitions against 24 companies since last month, with many of the businesses that are being pursued by the lender reportedly showing limited or no signs of trading activity.
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EU drafts plan to exempt long-haul flights from new emissions rules

UPDATE 1-EU drafts plan to exempt long-haul flights from new emissions rules Updates June 18 story with joint statement from Ryanair, easyJet and Wizz Air in paragraph 8 By Kate Abnett and Conor Humphries BRUSSELS, June 18 (Reuters) - The European Commission has drafted plans to initially exempt long-haul flights from rules on monitoring their non-CO2 emissions after international carriers lobbied for an opt-out, documents seen by Reuters showed.
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EU drafts plan to exempt long-haul flights from new emissions rules

EU drafts plan to exempt long-haul flights from new emissions rules By Kate Abnett and Conor Humphries BRUSSELS, June 18 (Reuters) - The European Commission has drafted plans to exempt long-haul flights from rules on monitoring their non-CO2 emissions, after international carriers lobbied for an opt-out, documents seen by Reuters showed. The EU is developing plans to require airlines to track and report their contribution to climate change from January 2025 - not only from carbon dioxide, but al
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Lufthansa likely to win EU approval for ITA deal, sources say

UPDATE 1-Lufthansa likely to win EU approval for ITA deal, sources say Adds the European Commission, Lufthansa, Italian treasury declined comment, details By Foo Yun Chee BRUSSELS, June 13 (Reuters) - Lufthansa LHAG.DE is likely to secure EU antitrust approval for its bid to buy a stake in state-owned Italian airline ITA, with regulators leaning towards clearing the deal, three people with direct knowledge of the matter said on Thursday.
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Lufthansa unlikely to offer more concessions in ITA bid, sources say

Lufthansa unlikely to offer more concessions in ITA bid, sources say By Foo Yun Chee, Ilona Wissenbach and Giuseppe Fonte BRUSSELS/FRANKFURT/ROME, June 11 (Reuters) - Lufthansa LHAG.DE is unlikely to offer more remedies to EU antitrust regulators scrutinising its bid for a stake in state-owned Italian carrier ITA despite their concerns about long-haul flights, three people with direct knowledge of the matter said.
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Retailer WH Smith says well set for summer, bets on strong travel demand

UPDATE 1-Retailer WH Smith says well set for summer, bets on strong travel demand Rewrites throughout, adds background, analyst comments, share movement and details from paragraph 2 onwards June 5 (Reuters) - British retailer WH Smith SMWH.L said on Wednesday it was well positioned for the peak summer, betting on strong travel demand that is expected to propel sales across its product range from books to sandwiches.
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Ryanair, Easyjet and others fined for cabin luggage fees

UPDATE 1-Ryanair, Easyjet and others fined for cabin luggage fees Adds comments from consumer rights associations, airlines association and details MADRID, May 31 (Reuters) - Spanish authorities have slapped fines on budget airlines Ryanair RYA.I , easyJet EZL.L , Vueling ICAG.L and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges said on Friday.
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Ryanair, others fined 150 mln euros in Spain for cabin luggage fees, SER radio reports

Ryanair, others fined 150 mln euros in Spain for cabin luggage fees, SER radio reports MADRID, May 31 (Reuters) - Budget airlines Ryanair RYA.I , easyJet EZL.L , Vueling ICAG.L and privately owned Volotea have been fined 150 million euros ($162.30 million) in Spain, local radio SER reported on Friday. Spain's Consumer Rights Ministry fined the carriers for charging for cabin luggage and other business practices, SER reported.
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Currys, Ovhcloud, Whitbread

EUROPE RESEARCH ROUNDUP-Currys, Ovhcloud, Whitbread May 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Currys, Ovhcloud and Whitbread, on Thursday. HIGHLIGHTS * Anglo American AAL.L : Jefferies cuts to hold from buy * Currys Plc CURY.L : Berenberg raises to buy from hold * Ovhcloud OVH.PA : Stifel cuts to hold from buy * Solvay SOLB.BR : Morgan Stanley raises to equal weight from underweight * Whitbread WTB.L : Berenberg cuts t
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Wizz Air returns to profit, sees robust year for travel

UPDATE 2-Wizz Air returns to profit, sees robust year for travel Company expects 500-600 mln euros FY25 net profit Says selling load factors trending higher YoY Shares up 5% Adds share movement 1st, 6th paragraph, comments from CEO interview and analyst from 3rd paragraph By Eva Mathews May 23 (Reuters) - Wizz Air WIZZ.L is gearing up for a strong summer after its first annual profit in three years lifted the European low-cost airline's London-listed shares on Thursday.
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