SES was also badly affected by last week’s market anxieties over Eutelsat. While Eutelsat’s share price crashed some 30 per cent, SES was also impacted by the general depression revolving around satellite’s future prospects, and in particular the risk of over-capacity. SES’s CEO Karim Michel Sabbagh, in an interview with the Wall Street Journal, stressed […]

When a business has received a brutal beating and a very bloody nose from a dismayed stock market there’s not much that can be done other than to get back on one’s feet and start fighting back. The bloody nose was given to satellite operator Eutelsat last week when the company issued a profit warning, […]

Eutelsat shares crashed 30.7 per cent on the Paris bourse following their profits warning. Eutelsat’s fall from grace was not helped by a slew of negative comments from equity analysts. Typical was Barclays, which said: “Such a heavy hit to forecasts, coming from across the applications, will knock confidence in the story,” which downgraded Eutelsat […]

Inmarsat’s share price crashed 12 per cent last week as investors exited the business. On May 6th its share price tumbled 50p to its lowest price of the year, and the biggest faller on the London FTSE market. Its price closed at 812.5p. The falls come following a disappointing set of quarterly results for the […]

Equity analysts at investment bank Deutsche Bank are not impressed with the UK’s major commercial broadcaster’s latest results. Indeed, the woes at ITV might arguably be replicated at most of Europe’s free-to-view commercial channels. First up, Deutsche Bank admits that the current UK pre-occupation with an upcoming ‘In/Out’ referendum on its European membership might be […]