Markets
British Airways Board to Demand Independent Inquiry Into IT Outage
Various comments from data centre experts and our own knowledge of levels of protection modern data centres have against power surges and outages, such as backup power supplies, surge protection and several uninterruptible power supplies (UPS) providing multiple levels of redundant systems should a UPS fail, make us question how robust BA's data centre architecture and design is given how its back... [Full Article...]
Lowers Grupo Aeroportuario dl Srst SAB CV (ASR) to Underweight
It has underperformed by 8.56% the S&P500. Since December 9, 2016, it had 0 buys, and 21 sales for $978.00 million activity. 590 shares were sold by ALBERG TOM A , worth $501,500. The firm has "Outperform" rating by Wells Fargo given on Wednesday, January 11. The rating was maintained by Pacific Crest with "Overweight" on Friday, July 29. [Full Article...]
Meal-kit service Blue Apron files to go public
The company actually managed to turn a profit in the first quarter of a year ago, and, on the whole, the balance sheet has stayed relatively steady by the standards of money-burning tech startups. "We have not experienced any work stoppages, and we consider our relations with our employees to be good". Despite a boom in smartphone usage and online shopping in the U.S. [Full Article...]
US private sector adds 253000 jobs in May: ADP
The Institute for Supply Management (ISM) said its index of national factory activity ticked up to a reading of 54.9 last month from 54.8 in April. The ISM survey's new orders sub-index increased to 59.5 last month from 57.5 in April. As economists in the Cleveland Fed's district noted in that report , "Staffing firms noted an increase in the number of job openings and placements during the... [Full Article...]
AstraZeneca plc (AZN) PT Lowered to GBX 4200
Peel Hunt maintained it with "Hold" rating and GBX 892 target in Tuesday, November 17 report. The rating was maintained by Numis Securities on Wednesday, December 7 with "Buy". They now have a GBP 495.00p price target on the stock. 17/03/2017 - Anglo American had its "Hold" rating reiterated by analysts at Deutsche. They now have a GBP 445.00p price target on the stock. [Full Article...]
Philippine airstrike kills 11 soldiers in 'friendly fire'
They are two Malaysians, two Indonesians, two Saudi Arabians, a Yemeni and a Chechen, Lorenzana said in a regular press briefing in Malacañang. "Maybe we need more armored vehicles", said Lorenzana, adding that 21 armored vehicles were recently brought to Marawi. [Full Article...]
Feeling insulted, Mexican to market 'Trump' toilet paper
A lawyer in central Mexico is taking the fight against President Donald Trump to the toilet. The AP reported that the Trump Organization failed to obtain a trademark on what is called "hygienic paper" in Spanish. He added that he hopes to create enough demand to expand production. "My thinking was: We can't keep quiet, right?" he said. The toilet paper packaging may not directly contai... [Full Article...]
Sterling drops on fears Tories could fail to win an outright majority
Sterling hits a 6-week low on fears the conservatives won't win a majority in the election and face a hung parliament . JPMorgan analysts suggested in a research note published Friday that sterling would most likely rise in the immediate aftermath of a Corbyn victory, whereas Nomura researchers argued it was more likely investors would sell the United Kingdom currency, leading to an immedia... [Full Article...]