Contributor ReportsSpanish credit rating downgraded
Source: BBC
Madrid :: Spain | updated Wed Dec 09 18:30:19 -0800 2009 | business-news
The agency said Spain faced a deeper deterioration in public finances and a longer period of economic weakness than it had previously expected. The news rattled European markets, which were already unsettled by Tuesday's decision by another ratings agency, Fitch,...
Market Report: Sun shines on undervalued travel stocks
Source: The independent
Tui :: Spain | updated Tue Dec 08 04:25:23 -0800 2009 | business-news
The company gained ground as bargain hunters bought in on the view that the tour operator was undervalued. Panmure Gordon said the market was being unduly pessimistic about TUI's prospects, pointing out that the group's own quarterly survey of customers,...
National Express finally close in on new CEO
Source: The Independent
Madrid :: Spain | updated Mon Dec 07 16:47:29 -0800 2009 | business-news
Dean Finch is likely to decide within the next week whether he will accept an offer to become the next chief executive of indebted transport group National Express, which has been without a boss since July. Mr Finch has been...
Habitat management buyout cushioned with £27m dowry from Ikea family
Source: Guardian Unlimited
Madrid :: Spain | updated Sun Dec 06 16:16:49 -0800 2009 | business-news
The management of Habitat is set to take control of the loss-making furniture group in a deal sealed with a €30m (£27m) dowry from its Swedish owners the Kamprad family, heirs to the Ikea fortune. It is understood new investors...
RBS and Treasury bury the hatchet over bonuses
Source: The independent
Madrid :: Spain | updated Sun Dec 06 04:55:58 -0800 2009 | business-news
Royal Bank of Scotland and the Government are said to be close to patching up their differences over bonuses, with the state-owned bank conceding it will show restraint when deciding the size of the staff bonus pool. An RBS source...
I want my name cleared
Source: News Day
Madrid :: Spain | updated Fri Dec 04 21:40:27 -0800 2009 | business-news
Ranjit Ramnarine yesterday sought to clear his name regarding perceptions of mismanagement and corruption within the corporation. According to Ramnarine, �difficulties� exist between the administrative and political arms of the corporation, regarding how financial matters should be...
Bombardier Net Income Falls 25% To $168 Million
Source: Fox News
Madrid :: Spain | updated Thu Dec 03 08:32:35 -0800 2009 | business-news
Canadian train and aircraft maker Bombardier on Thursday said third quarter net income fell 25% to $168 million, or 29 cents a share, against $226 million, or 12 cents, in the year-ago period. The company reported revenue of $4.6 billion...
BBVA Lifts Stake In China's Citic Bank To 15%
Source: Fox News
Madrid :: Spain | updated Thu Dec 03 06:02:19 -0800 2009 | business-news
Spain's Banco Bilbao Vizcaya Argentaria on Thursday said it would increase its holding in China's Citic Bank Corp. to 15%...The deal is in line with the bank's strategy to expand in geographical areas where it already has critical mass, primarily...
British Airways prepares to tie the knot with Spanish rival Iberia
Source: The Guardian
Madrid :: Spain | updated Fri Nov 13 05:29:00 -0800 2009 | business-news
British Airways alarmed passengers a decade ago by removing the Union Jack from its tailfins. But they now have the prospect of the Spanish flag flying alongside the national airline as BA closes in on a £3.96bn merger with rival...
Iberia, British Airways agree basis for merger
Source: Associated Press
Madrid :: Spain | updated Thu Nov 12 16:54:16 -0800 2009 | business-news
Iberia and British Airways have approved an agreement establishing the basis for a merger, the Spanish carrier said late Thursday. Iberia called it a "binding agreement" aimed at creating one of the world's largest airline groups, with a fleet of...
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Spanish credit rating downgraded
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