Thomas Cook group shares surge
Thomas Cook Group has received long-term corporate credit ratings of BB- from Standard & Poor's and Fitch. Shares in the company were up 5.9% in trading on Wednesday, the strongest single-day increase in the company's shares in almost 11 months. Shares in the group, which operates airlines and tourism companies across Europe, are down 15.4% for the year to date.
- Thomas Cook Group receives BB- credit ratings from Standard & Poor's and Fitch.
- Thomas Cook Group's shares increase by 5.9%, the strongest in almost 11 months.
- Nefinsa SA sells its entire stake in Vueling Airlines at EUR9.5/share.
- Aeroflot expects a profit of RUB10.5 billion for 2010.
- Thomas Cook Group's shares are down 15.4% for the year.
- Selected European airline daily share price movements on 30-Mar-2011.
Nefinsa SA sold its entire 4.15% stake in Vueling Airlines at EUR9.5/share, according to Fidentiis Equities, which conducted the sale. Fidentiis had been mandated to sell Nefinsa's stake in the LCC via a book-building exercise. The company's agreement with Iberia Lineas Aereas de Espana SA to remain a shareholder in Vueling until 15-May-2011 terminated on 31-Mar-2011.
Aeroflot stated it may post a profit of RUB10.5 billion (EUR369 million) for 2010. Shares in the carrier slipped 0.1% on Wednesday.
Selected European airline daily share price movements (% change): 30-Mar-2011