Air Arabia will list its shares on the Dubai Financial Market on 17 July 2007. The budget carrier will publish its first quarter results and opening balance sheet on 7 July in accordance with market regulations. An initial public offering in March raised $697m.
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Tiny gain in trading debut for Carlyle Group’s U.K. affiliate.
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LONDON (MarketWatch) — The Bank of England is widely expected to lift its key interest rate a quarter point to 5.75% on Thursday, with the U.K. showing some signs of further economic strength following a finely balanced decision at the bank’s last meeting.
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LONDON (MarketWatch) — British Airways Plc on Thursday said traffic measured in revenue passenger kilometer slipped 1.4% in June. Load factor, a measure of passengers to available seats, fell to 80.5% from 81.9% a year ago. Cargo traffic fell 1.5%. The airline said premium traffic remained strong, up 1.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Leisure stocks gained on following Blackstone’s $26bn purchase of Hilton Hotels Corporation. The acquisition, which transforms the private equity group into the world’s largest hotel company, is the biggest deal ever in the hotels sector, and raised hopes of further deals to come.
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LONDON (MarketWatch) — U.S. chemicals group Huntsman Corp. said it’s received a $6.1 billion takeover offer from private-equity firm Apollo Management that trumps a previously agreed deal with Dutch group Basell.
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LONDON (MarketWatch) — Shares of London-listed hotel operators rose sharply Wednesday after takeover speculation was sparked by private-equity firm Blackstone’s move to acquire Hilton Hotels.
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LONDON (MarketWatch) — Security experts are considering relaxing the official estimate of the terrorist threat to the U.K. to ‘’severe” from ”critical,” the BBC reported on its Web site on Wednesday. The move is being mulled as six suspects are being questioned in London and one remains in hospital. The lack of further arrests suggests the first round of the investigation, which consists of rounding up suspects to prevent further attacks, is drawing to a close. A relaxing of the threat level would mean a slight reduction in security procedures and controls, the BBC said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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European equity markets moved higher in morning trade, helped by strength in the oil services, travel and leisure and real estate sectors.
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Sterling charged to a 26-year high against the dollar for the third consecutive session on Wednesday as a robust survey of the UK manufacturing sector heightened expectations for a rise in interest rates.
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