Company
Carnival PLC
LON:CCL
Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world.
169 stories · page 1 of 2
Archive
FTSE 100: Stocks tumble, Aston Martin warns on profits, Rightmove suitor walks away
On Monday, London's blue-chips gave up all their gains from last week
Carnival sailing on despite looming debt pile
Net debt is around six times larger than its full-year earnings
Carnival ups guidance as sales and bookings hit record levels
Revenues were above 2019 levels for the first time
Archive
FTSE 100 closes 2.68% higher as UK market rebounds
Britain's top share index finished the day up around 188 points, or 2.68%, at 7,208
Archive
Carnival profits expected to be still below the Plimsoll Line
Carnival says bookings have been recovering strongly but probably not strongly enough to return it to profit in the second quarter
P&O Ferries cancels all services for this weekend
Well, it saves millions of people from having to boycott the company ...
Carnival expects to return to profitability this summer
"With 75% of our capacity having resumed guest cruise operations, we are well on our way back to full cruise operations and we are planning to return the balance of the fleet by our summer seasons," said Carnival's boss, Arnold Donald..
P&O Ferries chaos and outrage continues
Services between Dublin and Liverpool have resumed but other P&O Ferries services remain suspended
Furore over P&O Ferries continues as government looks into legality of the sacking of 800 workers
A spokesperson for prime minister Boris Johnson said the government is already looking “very closely” at the actions to see whether P&O Ferries followed employment rules.
P&O Ferries to make 800 workers redundant
P&O has suspended its services for the next few days. Tailbacks of lorries approaching Dover have already lengthened
Confusion ahoy as DP World insists P&O Ferries is not going into liquidation
P&O Ferries' services were suspended at 7.30am pending a "major announcement"
Coronavirus: UK to remove all countries from red list in nod to travel industry
It won’t be a massive change as only seven locations were deemed ‘high risk'
Carnival Corp shares hit choppy water after downgrade by Wall Street investment bank
The shares were off 1% Monday and have tumbled 20% in the last six months
Carnival to have 90% of US fleet sailing by February
Some 17 ships are scheduled to sail by year-end and another two are planned for February
Carnival scraps Christmas cruises in Australia due to COVID-19 surge
The voluntary pause will apply to cruises scheduled to depart from 18 December 2021 through to 14 January 2022
Carnival's Holland America Line and Seabourn brands announce more cancellations
This follows cancellations for other ships under its Princess and Carnival Cruses brands in recent weeks
Carnival resumes US sailings from Seattle
Last week, Carnival said it expects three quarters of its global fleet to be in operation by the end of 2021
Carnival expects 75% of fleet to be sailing by end-2021
All cruises will be vaccinated cruises until at least the end of October
Carnival posts $2.1bn quarterly loss, has liquidity to last 12 months
Management expect a net loss on a reported and adjusted basis for the third quarter of 2021 and the full year to end-November
Carnival to resume sailings at eight cruise lines in July
P&O and Cunard will offer trips around the UK coast
Carnival cancels most US sailings in July due to Covid-19 uncertainty
"We continue to have constructive discussions with the CDC but still have many questions that remain unanswered"
Carnival time or cruising for a bruising?
Cruise ship operators looked to be holed below the waterline by the coronavirus pandemic but have recovered strongly. Have investors missed the boat?
Carnival is drowning in debt, says broker
Analysts at Shore Capital said the cruise ship operator's debts are set to double from pre-pandemic levels as the Coronavirus continues to ravage the industry
Carnival boosted by bookings but posts another heavy loss
Booking volumes are accelerating said the P&O owner
Travel shares sink as overseas holiday likely to be banned until August at least
New coronavirus laws include a £5,000 fine for anyone in England trying to travel abroad without good reason
Travel stocks remain in the red as UK mulls £5,000 fine for foreign holidays
The new rules would come into effect on March 29 and would apply to those leaving the country without a reasonable excuse
Archive
FTSE 100 rides slow decline into the close as defensive stocks return to favour
The younger generation is off buying cryptocurrency or ramping small caps while the older crowd is buying utilities
EU proposes Digital Green Certificate as UK mulls COVID-19 vaccine passport system for international travel
“We are having conversations all the time about what the best steps should be,” said Business Secretary Kwasi Kwarteng
Carnival touts “very special” UK staycation cruises as Alaska voyages put on hold
The somewhat ironically named 'Ultimate Escape' cruises by P&O will offer a series of short breaks and week-long cruises around the UK this summer
Carnival cancels more Cunard cruises; looks for staycation cruises to pick up the slack
Cunard is offering cruises in UK coastal waters in the belief that people will be able to "make the very most of the summer sunshine".
Carnival to resume Italian cruises with Costa Crociere in March
The news comes weeks after the P&O Cruises arm delayed trips in New Zealand and Australia
Carnival further delays P&O cruises in New Zealand
Cruises had been scheduled to start sailing from Auckland from early February before being pushed back to early March, and are now on pause until at least April 25
Carnival’s P&O Cruises cancels all sailings until end of January
“We are continuing to monitor the overall situation closely and will certainly reintroduce cruises should the opportunity arise and it is feasible to do so,” P&O's boss said
Carnival posts another huge loss, operations set to resume in Germany
The company said it would raise money opportunistically and has set up a facility to raise US$1bn from share issues.
Carnival cancels more Princess cruises because of coronavirus border and port limits
Customers booked on these cancelled voyages are being offered either a refundable ‘bonus credit’ or can request a full refund
Archive
FTSE 100 closes just a shade higher as the strong pound takes its toll
The UK benchmark of blue-chip shares closed up around eight points, 0.14%, at 6,045
Carnival’s P&O extends cruise cancellations until November
The cruise operator is also cancelling long-haul trips scheduled for January to March
Carnival cancels more trips as Italy’s approval still pending
Guests were given the opportunity to rebook to a different cruise with an on-board credit of 50% of the actual travel price
Carnival upped to ‘hold’ but Berenberg questions cash generation ability
The broker said the cruise ship owner “will struggle to generate cash given the debt it has accrued and the need for sustained investment” in its fleet
Carnival unveils new cruise ship delivery schedule and cancellations following pandemic disruption
The cruise operator said its newest ship, the Mardi Gras, will now enter service from on February 6, 2021, while the US$200mln refurbishment of its other ship, Carnival Radiance, has been delayed until next spring
Carnival cancels all North America cruises to end of September
The cruise operator has extended its operational pause three times after the initial announcement in March
Carnival sinks to US$4.4bn loss in second quarter
The cruise operator has effectively been on pause since March as the coronavirus pandemic caused the global travel industry to grind to a halt
Carnival share price exists in a 'parallel universe' with no COVID, says broker
Berenberg analysts said they consider the cruise operator “is in need of a fresh injection of equity, the valuation highly unattractive and the shape and extent of the recovery of the industry far from certain”
Carnival’s P&O arm extends cruise schedule hiatus until October
The Southampton-based firm is just one of the latest brands in the group to announce further cancellations
Carnival cancels more cruises until October, November or next year
Carnival is being investigated by the US Centers for Disease Control and Prevention over how quickly it reacted to the coronavirus outbreak
Carnival on backfoot over plans to resume cruises in August
The FTSE250-listed group yesterday said it intended to phase-in services from Miami, Port Canaveral and Galveston from 1 August
Carnival ups fundraising but cuts equity element
The cruise operator's banks have underwritten the placing of 62.5mln shares at a price of US$8 per share
Archive
Nowhere to run, nowhere to hide (except maybe Ocado and the utilities)
Just one FTSE 100 stock has increased in share price since the coronavirus outbreak started to get out of hand in Italy. Hardest hit have been travel-related stocks.
Carnival points to $11.7bn of liquidity as cruise bookings dry up
Booking volumes in recent weeks have been “meaningfully behind” the prior year on a comparable basis as a result of the effects of coronavirus
Carnival warns of "material negative impact" after cruises stopped for coronavirus
Rather than due to a drop in demand, the cruise operator said it was pausing US operations “to support the global effort to contain the spread of the COVID-19 coronavirus”
Carnival cancels Princess cruises for next two months due to coronavirus
Some cruises currently at sea will be finished early
Carnival a sector loser for Berenberg over prolonged coronavirus hit
The cruises company is expected to see a 26% and 12% hit to annual earnings per share in 2020 and 2021 respectively
Archive
Carnival Ship in Italy Lockdown as Suspect Virus Traps 7,000
This article by Alberto Brambilla and Jonathan Levin for Bloomberg may be of interest to subscribers. Here is a section: The ship was bound for La Spezia in the Liguria region, with 1,000 crew and 6,000 passengers, 750 of whom came from Chi
Investments and investor services
FTSE 100 closes lower as traders catch breath after recent excitement
After being in the black for much of the day, the Footsie has slipped into the red
Carnival sinks as Cuba travel ban and cruise ship repairs force it to slash guidance
Carnival is having to deal with a travel ban to one of its most lucrative destinations and troubles with its Carnival Vista cruise ship, while ticket sales in Europe are coming under pressure
Archive
FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Archive
United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Archive
Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
Carnival weak as cruise operator cuts annual profit forecast, blaming higher fuel prices, strong dollar
The FTSE 100 index constituent in London said it now expects 2019 adjusted earnings per shares to be $4.35 to $4.55 per share, compared with its previous forecast for $4.50 to $4.80
Archive
Brexit date arrives but March 29 to be a damp squib although parliamentary vote might not be
Aside from the latest instalment of the Brexit saga, the week ahead will bring updates from housebuilder Bellway, tobacco firm Imperial Brands, and soft drinks group Fevertree
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
Archive
Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Archive
Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Investments and investor services
FTSE 100 closes marginally higher but consumer and industrial shares down
May said should no revised deal be ready for a vote by 27 February, a further amendable motion would be tabled
Investments and investor services
FTSE 100 closes lower as trade worries dent global equities; Ocado top Footsie gainer
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic
Carnival upgraded to ‘Buy’ by Shore Capital as shares trade “towards historic lows”
In a note, analysts at the broker said they believed the market was “discounting a c6-8% decline in revenue yields”, comparable to a 9% fall following the 2008 financial crisis
Carnival posts strong fourth-quarter earnings, 2019 bookings considerably ahead but prices flat
The cruises operator's fourth-quarter adjusted net income rose to US$492mln, giving EPS of 0.70 US cents, compared to net income of US$452mln and EPS of 0.63 US cents a year earlier
FTSE 100 closes in the red as Federal Reserve's rate hike creates jitters
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
Archive
Bank of England unlikely to follow Fed rate hike lead after last monetary policy meeting of 2019
Recent weak economic data, a general malaise on Brexit and the febrile political environment is now likely to lead to UK policymakers to take more of a ‘wait and see’ approach
Archive
Fed could be Grinch-like in final full trading week before Christmas, but BoE seen more festive
Aside from the UK and US rate decisions, the latest UK inflation and retail data will be closely eyed as well in the absence of almost anything on the corporate diary
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
Archive
No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
Archive
UK investors will have plenty of updates to chew over in the coming week as turkeys are prepared for US Thanksgiving
Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group
FTSE 100 closes in positive territory as US dollar builds on gains
The pound is off 0.52% against the greenback at the time of writing..
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
Archive
CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
Archive
World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
Investments and investor services
FTSE 100 set to end the week in volatility as metal tariffs hit Turkish lira
The quarterly update on the health of the UK economy showed something of a recovery from the snowed under first quarter.