|Bid||82.00 x 200000|
|Ask||145.50 x 130000|
|Day's Range||126.80 - 129.50|
|52 Week Range||82.59 - 132.20|
|PE Ratio (TTM)||158.88|
|Earnings Date||Feb 8, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||117.42|
In the battle for insolvent Austrian airline Niki, its founder Niki Lauda sought to woo employees in an open letter on Wednesday by promising jobs to all current staff. An agreed sale of Niki to British Airways owner IAG (ICAG.L), brokered by Niki's German administrator, was thrown into doubt last week by two court rulings saying Austria was the relevant jurisdiction for the insolvency proceedings. This paved the way for former Formula One world champion Lauda to bid again for the airline he founded in 2003, but which most recently was part of failed airline Air Berlin (AB1.DE), itself bought by Lufthansa (LHAG.DE).
British travel company Thomas Cook (TCG.L) has partnered with fintech firm Revolut to launch a "pay-per-day" travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones. Revolut, the digital bank start-up, said it could pinpoint customers' location through its app technology and automatically turn on the coverage when required, starting at less than 1 pound ($1.38) a day. "We wanted to create a type of insurance that uses technology to help our customers and only cover you on the days you actually needed to be covered," Revolut CEO Nikolay Storonsky said in a statement.
VIENNA (Reuters) - The German administrator for Austrian airline Niki has not yet decided whether he will withdraw an appeal against a German court ruling that moved Niki's insolvency proceedings to Austria, ...
Settling a legal dispute, airline Niki's German and Austrian administrators agreed to cooperate to resolve the insolvent carrier's future swiftly and guarantee legal certainty for its buyer. New offers can be made for Niki until Friday and a decision will follow within days, German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement on Tuesday. "The signatures of both administrators will guarantee the buyer legal security for the closing of the sales contract," Floether and Reisch said.
After a legal spat, Airline Niki's German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement on Tuesday that they would cooperate closely on sealing a deal on the future of the insolvent airline. Floether said as recently as Friday that he was considering legal action against an Austrian court ruling that Niki's main insolvency proceedings had to move to Austria from Germany after Floether had already agreed Niki's sale to British Airways owner IAG.
VIENNA (Reuters) - Irish airline Ryanair (RYA.I) said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets. Niki's ...
LONDON (Reuters) - Airlines group IAG (ICAG.L) is monitoring the situation after a court decided that Niki's insolvency should be handled mainly in Austria rather than Germany, a spokeswoman for IAG said, ...
VIENNA (Reuters) - Insolvent airline Niki's new Austrian administrator Ulla Reisch plans to build on her German counterpart's work and reach a solution for the airline within three weeks, she said. Insolvency ...
Airline Niki's sale to British Airways parent IAG (ICAG.L) was thrown into further doubt on Friday when a battle between Austrian and German officials over who should handle its insolvency proceedings intensified. Niki filed for insolvency in Berlin last month after Germany's Lufthansa (LHAG.DE) scrapped plans to buy the Austrian arm of insolvent Air Berlin. After hurried talks to find a new owner for Niki before it lost its valuable runway slots, IAG agreed to buy the business and make it part of low-cost unit Vueling.
Airline Niki filed for insolvency in Austria on Thursday, in a move to safeguard an agreed sale of the Austrian arm of failed Air Berlin to British Airways owner IAG (ICAG.L), its insolvency administrator said. Niki filed for insolvency in Berlin last month after Germany's Lufthansa (LHAG.DE) scrapped plans to buy the carrier, but a Berlin regional court said earlier this week that Niki was not under German jurisdiction.
ZURICH (Reuters) - Oliver Lackmann, the managing director of insolvent Air Berlin (AB1.DE) unit Niki, will leave the airline next month, Austrian media reported on Wednesday. Austrian Aviation Net posted ...
BERLIN (Reuters) - Collapsed German airline Air Berlin said on Wednesday it had sold its subsidiary Air Berlin Aviation GmbH to Thomas Cook Group Airlines PLC, continuing the carve-up of its business. ...
The following bids, mergers, acquisitions and disposals were reported by 1345 GMT on Wednesday: ** Dominion Energy Inc said it would buy troubled utility Scana Corp in an all-stock deal worth about $14.6 billion, including debt. ** China's ride-hailing application Didi Chuxing has agreed to acquire a majority stake in Brazilian app 99, newspaper Valor Economico said, citing sources familiar with the talks. ** Ant Financial's plan to acquire U.S. money transfer company MoneyGram International Inc collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President Donald Trump.
The following are the top stories on the business pages of British newspapers. - The A380 superjumbo could be running out of runway after reports that Airbus will end production of the world's largest commercial aircraft if it does not receive a new order from Emirates. - Thomas Cook Group Plc will launch a bank in Britain next year in a partnership with one of Europe's largest digital lenders and with the aim of slashing the cost of paying for items in foreign currencies.
FRANKFURT/VIENNA (Reuters) - British IAG (ICAG.L) is in exclusive talks to buy Niki, Air Berlin's (AB1.DE) insolvent Austrian airline, a source close to the process said on Thursday, after Niki's administrator said that one bidder out of four remained. "IAG is the last remaining bidder and is still negotiating now," the source said, adding that the company had put in the highest offer - a double-digit million-euro amount.
Around 790 staff working for insolvent airline Niki (AB1.DE) in Austria will be paid monthly wages for December, administrator Lucas Floether said on Wednesday, adding he was confident of striking a deal with a new investor in the next few days. The new owner would be expected to take on Niki's running costs, including salaries, from the beginning of January. Among the four bidders selected for the final stages of talks to buy all or parts of Niki is IAG (ICAG.L), the owner of British Airways and low-cost carrier Vueling, three people familiar with the situation have said.
IAG (ICAG.L), the owner of British Airways and low-cost carrier Vueling, is one of the four bidders selected for the final stages of talks over the assets of insolvent Austrian airline Niki, three people familiar said. IAG had made an offer for Niki as a whole and was the frontrunner in talks for the carrier, the three sources told Reuters. If no deal is struck with IAG, it is possible that Niki will be carved up among several buyers.
VIENNA (Reuters) - December salaries will be paid to staff of insolvent airline Niki (AB1.DE), whose administrators are working on selling its remaining assets, the head of Niki's works council said on ...
BERLIN/VIENNA (Reuters) - Former motor racing world champion Niki Lauda has offered to buy Austrian holiday airline Niki, a company he founded, but Ireland's Ryanair (RYA.I) has pulled out of the bidding. A consortium of family-owned logistics firm Zeitfracht and maintenance group Nayak also decided against an offer, increasing Lauda's chances of repurchasing an airline he set up in 2003. "I can confirm that Niki Lauda handed in an offer (for Niki)," his spokeswoman said, declining to say how much he offered or whether he had teamed up with anyone.
VIENNA (Reuters) - Former motor racing driver Niki Lauda has submitted an offer for the insolvent Austrian airline Niki, which he founded in 2003, a spokeswoman for Lauda said on Thursday. Niki filed for ...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Thomas Cook Group Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)
Air Berlin's (AB1.DE) unit Niki can keep its valuable runway slots while Austria's Transport Ministry examines its insolvency filing, the airspace regulator said amid growing interest in the carrier from potential bidders. Niki filed for insolvency last week after Germany's Lufthansa (LHAG.DE), which is buying other parts of Air Berlin, scrapped plans to buy Niki, grounding the airline's fleet and stranding thousands of passengers.
FRANKFURT (Reuters) - Bidders for insolvent airline Niki have until Thursday to submit their offers for the Austrian unit of collapsed Air Berlin, its administrator said on Monday. "None of the possible ...
VIENNA/BERLIN (Reuters) - Ryanair (RYA.I) may bid for assets of Niki, Europe's biggest budget carrier said on Friday, as administrators scramble to find a buyer for the insolvent Austrian airline before it loses its valuable runway slots. Niki, a unit of Air Berlin, filed for insolvency on Wednesday after Germany's Lufthansa (LHAG.DE) scrapped plans to buy its business, grounding the airline's fleet and stranding thousands of passengers. "Ryanair confirmed today ... that it had contacted the administrators of Niki Luftfahrt GmbH in respect of the insolvency process and the potential purchase of remaining Niki assets," the carrier said in an emailed statement.
MUNICH/VIENNA (Reuters) - Niki's administrator began urgent talks on Thursday to find a buyer for the insolvent Austrian carrier after a deal with Lufthansa fell through and with valuable runway slots at risk of being lost. German flagship carrier Lufthansa scrapped plans to buy Niki on Wednesday due to competition concerns, grounding the airline's fleet and stranding thousands of passengers in what its managing director said was a "national disaster for Austria". A spokesman for Niki's administrator said the carrier would lose its runway slots in a few days, one of the most attractive assets for possible buyers.