Aer Lingus today reported traffic for December with passenger numbers down 0.5%,traffic up 3.1% and capacity down 1.2% for a 3pt increase in load factor to 73.9%.
On short haul, passengers fell by 2% to 563m as capacity was reduced by 5.1% and load factor increased 1.7pts to 68.3%. Long haul returned to growth mode with passenger numbers up by just shy of 12% on a capacity increase of 5% for a 4.3pts increase in load factor to 82%.
CRH announced H2 2013 acquisition and investment spend of €0.22bn bringing full-year development activity to c.€0.69bn.
Robert Eason of Goodbody
comments: "CRH has announced that it has spent €220m on nine
transactions in the second half of the year. This brings total spend for the
year to €690m (€470m in H1 and €190m in Q3), representing the highest level of
spend since 2008.
These include: (i) One transaction in China which is a cement business with 3.6m tonnes of clinker capacity. This brings Yatai’s (in which CRH has a 26% stake) total capacity to 32m tonnes; (ii) Three transactions in US materials with incremental sales of €21m; and, (iii) Three deals in distribution with incremental sales of €41m (completed on EV/Sales of 0.3x), one in Northern France and two in the US.
These are typical bolt-on deals for CRH and we note an increased bias in activity towards developing economies (Ukraine, India and China) and businesses with a focus on rmi."
In New York Tuesday the Dow is up 118 points or 0.72% to 16,542.
The S&P 500 added 0.47% and the Nasdaq advanced 0.54%.
The MSCI Asia Pacific Index dropped 0.4% on Tuesday.
Japan's Nikkei 225 fell 0.59%; China's Shanghai Composite rose 0.08%; South Korea's KOSPI added 32%; Australia's S&P/ASX 200 slipped 0.15% and in Mumbai, the Bombay Stock Exchange the S&P BSE India Sensex Index dipped 0.47%.
In Europe, the Dow Jones Stoxx Europe 600 is up 0.61% in mid-afternoon trade Tuesday.
In Dublin, the ISEQ has risen 1.22%
Ryanair has gained 2.59%; CRH is up 0.58%.
The euro is trading at $1.3598 and at £0.8305.
For live currency updates, check the right-hand column of the Finfacts home page.
The US dollar fell to $1.6038 per euro on Tuesday, July 15, 2008 - an-all time record.
The Baltic Dry Index, a measure of shipping costs for dry commodities, hit an all-time high of 11,771 on May 21, 2008. From that time it reversed and on the 5th of December, 2008 it hit a low of 663 - - close to a 1986 low.
On Thursday, July 15, 2010, the index fell for the 35th straight session, by 9 points, or 3.11%, to 1,619 points, Bloomberg report.
On Monday the BDI fell 85 points or 4.17% to 1,951. The index rose by 220% in 2013 to 2,237.
Global rebalancing — the tanker scrapyard index?
Crude oil for February 2014 delivery is trading on the Chicago York Mercantile Exchange (CME/Nymex) at $93.61 up 18 cents from Monday's close. In London, Brent for February 2014 delivery is trading on the International Commodities Exchange at $107.15. The North Sea benchmark accounts for two-thirds of the global market.
Finfacts, July, 15, 2013: US West Texas Intermediate oil benchmark jumps in July - - margin between WTI and Brent falls.
Gold spot price
The spot price of an oz of gold is trading on the CME in Chicago at $1,227.20 down $10.10 from Monday's closing - - the gold price fell 28% in 2013, the biggest annual plunge since 1981.
Gold had hit a record high of $1,921.15 a troy ounce on Sept 06, 2011.
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