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European shares edged lower on Friday, impacted by weaker bank and mining stocks, and traders expected equities to stay trapped in a tight range this month.
Irish airline Aer Lingus said on Wednesday an attempt by Ryanair to buy the company was likely to fail, and pointed to a jump in profits last year as proof it could flourish on its own.
Ryanair Holdings shares have had a great run, rising 45 percent in a year, but Deutsche Bank said it's still not too late to buy.
European equities touched fresh multi-month peaks on Monday, with technical charts pointing to a continued slow grind higher.
Michael Cawley, deputy CEO at Ryanair, tells CNBC that the upward surprise in current results is the strong yield in the third quarter, particularly in northern Europe.
LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).
HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).
*Banks fall as HSBC announces hit to Q3 profit. *Ryanair gains as the airline raises its outlook. LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of a too-close-to-call presidential election in the United States this week.
Michael O'Leary, CEO of budget airline, Ryanair speaks to CNBC about strong second quarter earnings , a big dividend at the end of November and raising their full year guidance quite significantly.
BRUSSELS, Oct 12- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --U.S. technology distributor Ingram Micro Inc to acquire rival BrightPoint Inc. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
*RBC starts Air France KLM SA with outperform rating; price target. of 7 euros* RBC starts easyJet plc with sector perform rating; price target of 670 p. *RBC starts International Consolidated Airlines Group SA with.
DUBLIN, Oct 12- These are some of the leading stories in Ireland's newspapers on Friday. -The minister for transport says it will be "tough but not impossible" for Ryanair to take over Aer Lingus.
BRUSSELS, Oct 11- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --U.S. machinery maker Terex and Russian auto maker GAZ, which is controlled by Russian business conglomerate Basic Element Group, to set up a joint venture. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
FRANKFURT, Oct 11- Lufthansa is transferring short-haul flights to its no-frills Germanwings brand as it battles to return to profit in Europe in the face of cut-throat competition from budget rivals Ryanair and easyJet.
BRUSSELS, Oct 10- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
LONDON, Oct 9- Ryanair said it would not be taking part in the sale of London's Stansted airport after the airport's owner, BAA, excluded the budget airline from the process. Ryanair had previously stated that it had held talks with potential bidders for Stansted after it was asked to consider acquiring a minority stake as part of a consortium.
LONDON, Oct 9- Ryanair Holdings PLC:. *Ryanair withdraws from stansted sale process. *Will not participate in the sale process or seek a minority stake.
BRUSSELS, Oct 9- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms First Reserve Management and SK Capital Partners to acquire indirect joint control of petrochemical product maker TPC.
LONDON, Oct 8- Aer Lingus Group PLC:. *Aer Lingus statement regarding pension discussions. *Continues to be engaged in the lrc process in order to find an appropriate.
BRUSSELS, Oct 8- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firm Carlyle Group LP to buy photo agency Getty Images Inc from private equity firm Hellman& Friedman LLC.