Comair says FY profit to climb 20-40 pct

(Reuters) - South African airline operator Comair -- a franchised partner of British Airways -- on Tuesday said full-year headline earnings per share and EPS would increase between 20-40 percent.

But the company said "unprofitable ticket pricing" by state run airline SAA through its new low-cost airline Mango had negatively affected industry profits in the fourth quarter of the financial year to end-June.


Read more at Reuters Africa

British Airways to be patient on Iberia -CEO

(Reuters) - offer, its chief executive said on Thursday. British Airways is part of a consortium led by private equity firm Texas Pacific Group [TPG.UL] that has bid 3.60 euros a share for Iberia.



The offer is expected to be rejected by Iberia's board at a meeting on Thursday in the hopes of receiving a rival bid, according to a source familiar with the situation.


Read more at Reuters.com Mergers News

U.K.'s FTSE 100 Index Rebounds, Paced by Man, BA; Xstrata, Vedanta Climb

(Bloomberg) -- U.K. stocks rose for the first time
in three days, led by British Airways Plc after Standard & Poor's
lifted its credit rating for the airline. Lloyds TSB Group Plc
advanced on speculation the bank may be a takeover target.

Man Group Plc climbed after posting an increase in assets
for its AHL fund. Xstrata Plc and Vedanta Resources Plc led
mining companies higher as base metal prices rallied. DSG
International Plc paced declining shares after the electronics
retailer said charges almost eliminated full-year profit.


Read more at Bloomberg Stocks News