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With SAS deal, Air France-KLM sets stage for battle over Portugal s TAP

With SAS deal, Air France-KLM sets stage for battle over Portugal s TAP
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Analysis-With SAS deal, Air France-KLM sets stage for battle over Portugal s TAP

Air France-KLM's decision to take a stake in Scandinavia's SAS airline offers a taste of its potential approach for the next big airline takeover battle in Europe: the fight to resuscitate Portuguese carrier TAP. Portugal's government said last Thursday it plans to sell at least a 51% stake in state-owned TAP, after the cabinet approved the legal framework for the privatisation process. Europe's national carriers have struggled to compete with low-cost airlines like Ryanair and Wizz Air and larger groups like Lufthansa, Air France-KLM and IAG have come in to revamp and save them.

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ANALYSIS-With SAS deal, Air France-KLM sets stage for battle over Portugal s TAP

ANALYSIS-With SAS deal, Air France-KLM sets stage for battle over Portugal s TAP
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United statesJames halsteadSharon singletonTim hepherJacob gronholt pedersenMatt scuffhamStar allianceEuropean unionWizz airAnglo spanishNorthern europeApollo global management

James Halstead (LON:JHD) Shares Cross Below Two Hundred Day Moving Average of $206 45

James Halstead plc (LON:JHD – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 206.45 ($2.50) and traded as low as GBX 205 ($2.48). James Halstead shares last traded at GBX 209 ($2.53), with a […]

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Stocks called flat as US avoids shutdown

Stocks in London are set to open flat on Monday, as the focus moves to PMI prints after a US government shutdown was averted over the weekend. IG says futures indicate the FTSE 100 to open down 3.78.

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