Economy

2023-06-21 21:38:55

The record order for 500 A320 aircraft by Indian carrier IndiGo will have a positive impact for CAE. (Picture: courtesy)

What to do with securities from CAE, Element Solutions and Great-West Life? Here are some recommendations from analysts likely to move prices soon. Note: the author may have a totally different opinion from that expressed.

CAE (CAE, $28.77): Indian carrier IndiGo’s record order for 500 A320 aircraft will have a positive impact

On Monday, during the major aeronautical gathering at Le Bourget in Paris, the Airbus company announced that it had received an order for 500 aircraft from the A320 family from the Indian airline IndiGo. According to the press release, this is the largest order in commercial aviation history.

The value of the transaction will be over US$50 billion and deliveries will be staggered between 2030 and 2035. And it will have positive spinoffs for CAE, which already trains regarding half of the Indian carrier’s pilots through its IndiGo Cadet Pilot program, explains Benoit Poirier, analyst at Desjardins Securities. IndiGo holds around 55% of the Indian domestic market share, reports Aviation Week.

CAE can only be delighted with this partnership with IndiGo, because this order is revealing as to the outlook for the market, believes the analyst. The region stands out for its very large population, and the already high demand for air transport is only increasing, he explains. Airbus itself estimates that it is in India that the growth of air traffic will be strongest over the next few years. And since CAE provides both training and simulators, it gives it a unique competitive advantage in the region, the analyst believes.

Financially, a simulator worth 10 to 20 million US dollars (M$) per 30 aircraft will be required, which would represent revenues of US$200M for CAE if it obtains the entire order, estimates the analyst.

The announcement made at Le Bourget is positive and certainly strengthens his forecasts for CAE’s future cash flow growth, concludes the analyst. He recommends buying the stock for a target price of $36.00.

Element Solutions (ESI-NYSE, US$18.88): BMO begins coverage of the stock, giving it an “outperform” rating

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#Watch #CAE #Element #Solutions #GreatWest #Life

2023-06-21 19:21:27

Canada Bread will be fined $50 million following pleading guilty to its role in a criminal price-fixing arrangement that raised the price of wholesale commercial fresh bread.

Canada’s Competition Bureau said on Wednesday it was the toughest price-fixing fine ever imposed by a Canadian court.

Canada Bread, a subsidiary of Mexico’s Grupo Bimbo, pleaded guilty to four counts of price fixing under the Competition Act.

The Competition Bureau said the bread maker admitted to having entered into an arrangement with its competitor, Weston Foods, to increase the price of various sliced ​​and packaged bread products, such as sandwich buns, hot dog buns and buns.

Price-fixing has resulted in two price increases, in 2007 and 2011. Canada Bread’s senior executives responsible for price-fixing no longer work for the company, the bureau said.

Grupo Bimbo said it was considering “all legal options once morest those responsible”.

To see in video

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#Canada #Bread #fined #million #fixing #bread #prices

2023-06-21 16:29:05

Wednesday 21 June 2023 | 07:28 p.m

Egyptian Central Bank

Dr. Ahmed Shawky, a banking expert, confirmed that the meeting of the Central Bank to discuss the fate of the interest rate will be held tomorrow, Thursday, and that this meeting came at the end of the fiscal year.

The banking expert added, during a telephone interview on the “Tahrir Hall” program broadcast on Sada Al-Balad channel, presented by the media, Azza Mustafa, that 42% has been reached for inflation, and there is a rise in inflation.

He pointed out that the current inflation is not caused by demand, but by the rise in prices, and that with raising interest rates, inflation continues to rise and does not decrease.

He indicated that he believes that the Central Bank will take a decision to “fix interest rates,” because raising interest rates will not result in anything at this time, and that raising the interest rate at this time will have an impact on companies.

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#banking #expert #reveals #surprise #central #bank #meeting #tomorrow

2023-06-21 19:05:00

This Wednesday, June 21, the first day of summer and improvised concerts in the streets, music festival – and sometimes feedback – obliges, also corresponds to a particular date on the scale of Racing.

It was on that day, eleven years ago now – June 21, 2012, therefore – that Marc Keller and his group of “local” buyers bent over the cradle of a club in the process of being reborn from its ashes. Without a magic wand, but with the firm will to turn the page on years of disillusionment and disenchantment, mismanagement and big nonsense.

Boehly, America and Saudi Arabia

A dark period, to be situated between the season of the non-recovery in Ligue 1 under the presidency of Philippe Ginestet in May 2009, and the broken promises of the golden-boy of Blodelsheim Frédéric Sitterlé in the fall of 2011, following the cataclysm of the filing for bankruptcy a few months earlier under the thumb of Jafar Hilali.

The public limited company and the Racing brand are then worth cherry tails – a symbolic euro…

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