|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||29.56 - 29.72|
|52 Week Range||21.31 - 31.94|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 10, 2014|
|1y Target Est||N/A|
Heathrow has resumed buying houses close to its proposed third runway as it comes under pressure from its biggest investor to press on with the controversial expansion. The airport reopened a property hardship scheme this month through which it buys homes from owners who are otherwise unable to sell them due to the prospect of a third runway. Heathrow’s expansion plans were resurrected in December when the Supreme Court overturned an earlier ruling to outlaw the £14bn scheme. Spanish infrastructure giant Ferrovial, Heathrow’s biggest shareholder, has previously hinted that it could sell its stake if it cannot increase its returns. A third runway is viewed as a crucial part of restoring Heathrow’s financial performance in the longer term.
European stock markets are seen opening firmly lower Friday, continuing the global selloff after a sharp rise in bond yields weighed on sentiment. At 2:10 AM ET (0710 GMT), the DAX futures contract in Germany traded 0.7% lower, CAC 40 futures in France dropped 1.6% and the FTSE 100 futures contract in the U.K. fell 1.4%. The global weakness started on Wall Street overnight, as the tech-heavy Nasdaq suffered its worst day in nearly four months.
Moody's Investors Service (Moody's) has today downgraded to Ba2 from Ba1 the corporate family rating (CFR) of Heathrow Finance plc (HF). Concurrently, Moody's also downgraded to Ba3-PD from Ba2-PD the probability of default rating and to B1 from Ba3 the senior secured debt ratings.