focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
US international travel beginning to open up..hopefully an announcement soon concerning UK-US travel.
https://www.dailymail.co.uk/health/article-9430847/CDC-says-fully-vaccinated-people-travel-internationally-safely.html
Lufthansa may raise billions to repay German bailout
https://www.google.com/amp/s/en1.mihunye.com/finance/27411.html
Rolls-Royce links executive pay more closely to performance
Aero-engine group to pay CEO’s base salary partially in shares in unusual move among FTSE companies
Rolls-Royce is to pay the base salary of its chief executive partially in shares rather than cash in an unusual move among FTSE companies that links remuneration more closely to performance after a turbulent year that forced the group to raise £2bn in a rights issue to shore up its finances.
Warren East, chief executive, will receive 30 per cent of his base salary in shares over the next three years as part of a revamp of the aero-engine group’s wider remuneration policy detailed in its annual report.
East will be granted rights over the shares on a monthly basis and will need to hold them for a minimum of two years. His base salary will remain unchanged at £943,500, but his cash take home pay in 2021 will be 30 per cent lower.
Rolls-Royce’s chief financial officer will receive 20 per cent of his base salary in shares. The company’s shares closed at 105.3p on Wednesday, marginally higher than they were this time a year ago and 3 per cent down on the day.
One remuneration specialist said paying chief executive salaries partially in shares is “very uncommon in the FTSE”, with the exception of some banks.
[The pay policy] removes any risk of the sort of ‘lottery win’ that a more traditional long-term incentive plan could generate from a share price recovery driven by factors largely outside of our control
Rolls-Royce’s decision comes as many companies have reviewed their pay policies in the light of the pandemic, particularly bonus schemes.
Several businesses, including Informa, SIG, Provident Financial and McBride have proposed so-called value creation or restricted share plans that award executives largely because of share price movements, while others have changed the targets to qualify for bonuses.
Rolls-Royce, which has been badly hit by the coronavirus pandemic with airline fleets grounded throughout the world, said it was also bringing in a new incentive scheme that would include shorter-term targets for this financial year. The new policy, it said, was designed to “reflect the urgency of our challenges and the importance of delivery and execution in 2021”
Rolls-Royce raised about £5bn in funds late last year through a rights issue and new credit lines. The sharp falls in air travel during the pandemic meant much of its income dried up. Long-term contracts that pay per number contracts that pay per number of hours that its engines fly are a mainstay of its civil aerospace division, which accounts for roughly half of the group’s revenues.
The new incentive plan, which will be put to shareholders in May, will run for the next three years and replaces the company’s current annual incentive and long-term incentive plans. The short-term targets will be aligned with promises made by Rolls-Royce last year, including that it would generate at least £750m of free cash flow as ea
https://www.thesun.co.uk/travel/14468386/all-passengers-uk-rapid-covid-test-holiday-summer/#comments
Fisher King, sometimes think I am dreaming over the course of this pandemic. Unfortunately whenever I awake the UK is becoming more like a soviet style country. Looking forward to getting some freedoms back, hopefully sometime soon as we cannot continue like this forever. Expecting some limited return to international travel in June, US, Asia, & some
tryhardernow, yes you are right the vote today concerns the potential £5000 fine. Citizens in the UK can no longer holiday abroad as it is Illegal. Hopefully Boris will give an update as to when the
UK are likely to be given the legal right to holiday again on the 5th April. And on what terms if at all possible. LTH. GLA.
I think the vote is sometime today, 25th March. The result is almost certain to pass, with Labour supporting it & only a small number of rebels against. But interesting nonetheless to hear the opposition express their opinions & views. LTH. GLA.
Positive news, Aer Lingus to create 120 new jobs with four new routes from Manchester Airport
https://marketingstockport.co.uk/news/aer-lingus-to-create-120-new-jobs-with-four-new-routes-from-manchester-airport/
US/UK travel corridor 'by June': Ministers 'are in talks with American counterparts about launching pilot scheme this summer'
https://www.google.com/amp/s/www.dailymail.co.uk/news/article-9397505/amp/US-UK-travel-corridor-June-Ministers-talks-American-counterparts.html
Anapa69, Boris & Co are now taking a very cautious but pragmatic approach to lifting the lockdown restrictions. I think the fear of going backwards & unknowns is now a factor contributing to the UK Gov decision process, IMO.
Anapa69 I agree with your view on the US & Asia routes opening earlier than the EU. Which in turn will benefit IAG. Am hoping the UK gov will again apply a granular approach to travel which will potentially open up some of the popular EU island destinations. I took some profit from another airline stock Thursday & re-invested a small amount in IAG Friday. Will see how the SP fares over the course of the weeks ahead and maybe buy more on the dips. Was tempted to sell @220 but re-considered as I believe the stock will do well & am now thinking of hold very long term for the potential dividend re-instatement. LTH. GLA.
Also based on the sentiments expressed at yesterday's Science and Technology Committee exploring the scientific basis for the Government’s roadmap for easing covid-19 restrictions I would also add the scientific & medical advisors as contributors to the downward trend on the SP. No problems with their consistency & am prepared for future SP fluctuations, been quite a ride thus far. Now the vaccines are available I would like to hear Boris, Hanc0ck, Whitty, Vallance & Co change the narrative as to how the UK intends to live with the virus & its variants. For example what level of covid infection, hospitalizations & death rates attributable to covid 19 is the UK Gov willing to accept before considering another lockdown, or is the destiny of the UK economy in a perpetual hokey cokey? LTH. GLA.
UK set to cut air passenger duty on domestic flights.
https://www.theguardian.com/business/2021/mar/10/uk-set-to-cut-air-passenger-duty-on-domestic-flights
Hello, link for bond info below. alternatively Google us treasury bond yields. I have an average NG holding at sp 822 & am looking for approx 10% growth in the next 12 to 24 months. Failing any lack of SP increase over this time period at least the dividend offers a reasonable return. Would recommend investing at 850 or below & holding for at least 2 years. IMO.
https://m.uk.investing.com/rates-bonds/
US 10 year treasury bond yields have spiked again, so would expect a dip in NG (plus others) SP tomorrow unless the bond yield levels fall back overnight. GLA.
US 10 year treasury bond yields have risen swiftly to approx 1.5% over the last couple of weeks, see link below. NG (plus others) SP weakness has been reflecting these yield fluctuations recently.
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
I think Taverham is referring to the yeilds
on treasury bonds.
FDA have now granted authorisation for the J&J covid vaccine. EU are expected to follow with an announcement mid March. Not sure when the UK MHRA will make a decision, hopefully very soon. I think someone mentioned before that we could potentially see the UK long haul routes to the USA open before the EU. Will be good for BA & a morale boost for the aviation industry if this was to occur. GLA. Strong buy, IMO.