Avis Europe News
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04-08-2011
Avis Europe, the car hire group that has been bought by its US namesake Avis Budget, pointed to the economic recovery as it posted a sharp rise in profits for the year to 30 June.
14-06-2011
London was given an extra lift in the afternoon as markets on Wall Street opened strongly. Also helping sentiment was some reassuring economic figures from China. Chinese industrial production rose by 13.3% in May, assuaging some observers' fears that economic expansion in the fast-growing country could slow.
14-06-2011
Avis Europe surged by more than a half on the news that the Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid.
14-06-2011
Stocks have moved higher, helped by some reassuring economic figures from China.
14-06-2011
London's leading share index is posting strong decent growth this morning in contrast to recent sluggishness, but the excitement is in the FTSE 250 with Avis Europe soaring on news the Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid.
14-06-2011
The downgrade yesterday of Greek sovereign debt by ratings agency Standard & Poor's to a level barely above junk status seems unlikely to prevent shares adding to yesterday's modest gains at the outset, with City traders predicting the top-share index will open around 30 points firmer.
14-06-2011
The Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid for Avis Europe.
18-05-2011
The imponderables for Robert Wiseman are whether the price of raw materials falls and how much more of the existing rises can be passed on to customers, after some degree of success in this in February. Assuming that nothing gets much worse, the dividend looks safe, which gives a yield of about 5.6 per cent, which is attractive enough. The shares, off 11p at 323½p on the profits update, sell on nine times' this year's earnings, but further progress on that front looks limited. Hold, says the Times.
28-02-2011
The top share index failed to sustain a rally that came on the back of strength in the US and closed a few points lower.
28-02-2011
Shares staged a recovery over lunch, boosted by indications of a firmer start on Wall Street and a weakening of the oil price.
28-02-2011
Car rental group Avis Europe made more in 2010 than it had done for five years and further progress is on the cards for 2011.
14-01-2011
Instrumentation and controls specialist Spectris had a cracking final two months of 2010, with operating profits higher than expected.
18-11-2010
Blue chips had a good day buoyed by the response to General Motor's record breaking US float and hopes for a deal in Ireland.
18-11-2010
A positive start by Wall Street has given renewed impetus to Footsie's rise this afternoon. As in Europe, stocks are rising in the US on the hope that a package to take the steam out of the Irish debt crisis is imminent.
18-11-2010
With some kind of resolution to the Irish crisis in sight and many of today's updates impressing the market, shares have moved sharply higher.
18-11-2010
The strong start has continued through the morning as traders avert their eyes from the ongoing Irish debt saga and pay attention to today's stream of company updates.
18-11-2010
Shares have got off to a strong start as traders avert their eyes from the ongoing Irish debt saga and pay attention to today's stream of company updates.
18-11-2010
Car hire firm Avis said current trading has continued to improve and expectations for the remainder of the year are unchanged.
08-09-2010
Insurer Resolution, pumps manufacturer Weir and engineer Tomkins are replacing Home Retail, Segro and Cable & Wireless Worldwide in the FTSE 100 index.
26-08-2010
Car rental firm Avis Europe returned to the black as it won new contracts and drove down costs.
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