International Consolidat... Share Discussion Threads

[montyhedge] 13/3/2019 09:30

Another down day 12 consecutive trading days, must be a record. Bears in paradise.

[knowing] 13/3/2019 08:52

rH Comair fly the 737 Max



This is a very small proportion as BA SH is mainly an Airbus fleet

[applepieinthesky] 13/3/2019 08:45

Food For Thought.According to the last set of figures I could find, BALPA represents about 90% of BA pilots so any industrial action will effectively ground the airline.Timber....

[nedhammers1] 13/3/2019 08:21

Norwegian will go bust and we will cherry pick them, how stupid must they feel not taking up the offer that was on the table, suicide that will benefit us.A strong BUY imho

[rhatton] 13/3/2019 07:15

BA or subsidiaries do not fly the max or any 737s that I can think of.
Vueling, Iberia and lingus predominately airbus

[thamestrader] 13/3/2019 06:15

BA no, not sure about other subsidiaries.

[buywell3] 13/3/2019 02:48

So have this outfit got any Boeing 737 Max planes ?

500p must be calling for a soft landing

[thamestrader] 13/3/2019 01:36

Any ban on flying ‘within the bloc’ would shut down big chunks of Iberia and Aer Lingus, but wouldn’t really affect BA. For Sale sign over non-UK subsidiaries? Or over BA?

[montyhedge] 13/3/2019 01:14

Can it be 12 straight trading consecutive days down for IAG.Bears are in paradise. Bulls you have a 51.5c dividend I suppose in July as a consolation prize.

[montyhedge] 13/3/2019 01:08

The old stock market adage buy on a strike, sell on a deal. Because it's already in the price.

[knowing] 12/3/2019 23:55

British Airways owner International Consolidated Airlines Group (LON:IAG) and budget carrier Ryanair Holdings PLC (LON:RYA) have recently said they will look to restrict the ability of UK-based investors to buy shares if the country leaves the EU without a deal in a so-called ‘hard Brexit’.

In February, IAG said it would put a cap on its number of non-EU investors, a move that was replicated on Tuesday by Ryanair, although the Irish carrier went further saying that in the event of a no-deal Brexit it would class UK-held shares as ‘restricted217;, preventing them from voting on resolutions like board appointments and company deals as well as buying any more shares in the company.

If other firms that have dual-listed shares do follow suit, FTSE 100 firms like Paddy Power Betfair plc (LON:PPB) and building materials firm CRH PLC (LON:CRH) could all be prime candidates for a shift to Ireland, with both already having listings on the Dublin exchange.

Other heavyweights that might look to restrict ownership are dual-listee Royal Dutch Shell PLC (LON:RDSA) and Unilever plc (LON:ULVR), who already tried to shift its domicile out of the UK last year before making a hasty retreat on the back of a shareholder rebellion.

However, Russ Mould, investment director at AJ Bell, says that the airlines face a more immediate challenge from Brexit than most other dual-listed firms in the form of EU’s Open Skies Agreement, which states that in order to keep operating within the bloc a carrier must have over 50% of its shares owned by EU-based shareholders.

So could non-airlines be tempted to follow suit and place restrictions on UK investors? Mould says that other companies have less pressure to decide as they are not subject to such stringent requirements on their ability to operate.

He adds that a bigger issue would be “fund flows” and whether a hard Brexit could restrict their abilities to bring in capital and trade as freely as possible.

[applepieinthesky] 12/3/2019 22:04

British Airways staff have moved closer towards a strike after rejecting the airline's revised pay offer.Unions Balpa, Unite and GMB, which represent 25,000 workers, said: "Members in every area of our collective membership voted overwhelming to reject the company's revised pay offer."Unite and Balpa members have also overwhelmingly declared that they wish to be balloted for industrial action if a satisfactory pay deal cannot be secured through negotiation."Balpa represents 90 per cent of BA's pilots, while Unite represents BA's cabin crew and GMB its IT and ground handling staff, among others.The unions want a three-year deal with better profit-sharing and the reintroduction of an employee share ownership scheme. They added they were committed to resolving the disagreement through negotiation.Members of Balpa, the UK pilots' union, voted 99 per cent in favour of rejecting the offer, which represents a one-year increase by inflation. Ninety-six per cent voted in favour of a ballot for industrial action if they could not negotiate a satisfactory deal.

[m1k3y1] 12/3/2019 18:04

I always support the right to strike Watford. In this world , large corporations do , undoubtedly , not treat their employees as well as they could.
In this instance though, I am well aware of how much pilots get paid and how little they work (on long haul) . I have little sympathy or support for them .
The other bargaining groups , however, probably have a good argument, particularly given how much they have added to BA's bottom line over the last 10 - 15 years by way of cost savings and productivity.

[watfordhornet] 12/3/2019 16:46

I always struggle with unions and strikes regarding working conditions and pay. People are surely free to leave - if anyone feels underpaid(whether pilot or baggage handler) why not work for someone else at the higher pay.

[applepieinthesky] 12/3/2019 15:57

Your probably right let's wait and see how this pans out one thing for sure the Qatari investors in IAG won't be happy well apart from the fat dividends.

[m1k3y1] 12/3/2019 15:51

As I have previously said Apple......
BALPA (the Pilots) are just using the GMB and Unite for their own ends. As soon as BA offer the pilots a better deal than they offer others, the pilots will grab it with both hands and drop everyone else in it.
It's what they do.........

Anyone who believes differently is not looking at what they did in 2010.

[applepieinthesky] 12/3/2019 15:36

BALPA GMB UNITE all voted heavily to reject the pay offer all voted heavily for industrial action those are the facts. This with the backdrop of record profits and record dividend payments alas the hard work from the employees has resulted in a derisory bonus and future pay offer.

[thamestrader] 12/3/2019 15:33

Life is too short to work for a company you hate.
Just leave.

[montyhedge] 12/3/2019 14:59

ApplepieI thought he was a baggage handler from years ago. Works for BA but hates them.

[m1k3y1] 12/3/2019 14:33

Thanks LINTON, wasn't aware.

[linton5] 12/3/2019 14:07

Apple has a major grudge check his posting history goes back years same old same old🙈

[m1k3y1] 12/3/2019 14:03

Are you a Pilot Apple ?
You seem very keen on promoting strike action ?
Personally I think it will never happen.

This is just the pilots using the other bargaining groups to achieve their own ends.
Ultimately, the pilot community will shaft the rest of the employees, as is the norm with them.

[applepieinthesky] 12/3/2019 13:59

Strikes on the way employee revolt