Market Updates
Air France May Passenger Count Rises 1%, Lloyds Banking Exits Standard Life
Sarla Buch
08 Jun, 2018
New York City
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Air France KLM said May passenger count increased 1%. Lloyds Banking Group sold remaining stake of 3.3% in Standard Life Aberdeen. Whitbread said it may sell or spin off Costa coffee chain or Premier Inn hotels.
[R]4:00 PM Frankfurt – Air France KLM said May passenger count increased 1%. Lloyds Banking Group sold remaining stake of 3.3% in Standard Life Aberdeen. Whitbread said it may sell or spin off Costa coffee chain or Premier Inn hotels.[/R]
In London trading, FTSE 100 index edged up 0.25 to 7,712.62 and in Frankfurt the DAX index slipped 23.59 or 0.2% to 12,805.47.
In Paris, CAC 40 index edged down 6 to 5,451.56.
Air France KLM SA declined 2.5% to €6.81 after France-based airlines operator said passenger numbers in May rose 1% to 8.9 million and load factor fell 0.2% 85.5% and available seat per kilometers jumped 2.6% from the same month a year ago.
Lloyds Banking Group Plc slipped 1.3% to 62.82 pence after the U.K.-based banking and financial services provider said that it had sold 97.7 million shares or its remaining stake of 3.3% in Standard Life Aberdeen Plc at a price of 352.5 pence per share or about £344 million or $461.6 million.
Whitbread Plc slid 0.1% to 4,144 pence after Reuters said that the U.K.-based hotel, coffee shop and restaurant operator intends to sell its Costa coffee chain or Premier Inn hotels and withdraw from its original plan to spin-off the coffee business.
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