Analysts at Investec initiated with "hold" rating price target on ICAG and 281 p. While the merger is expected to produce 400 m € of synergies between now and 2015, analysts are wary that these earnings were more than offset by the recent increase in fuel prices.
Accordingly, the broker has concerns about short-term than consensus estimates revenues for the airline are "overly optimistic".
ICAG lost around 13pc since last listing of fears about the price of oil increases their tribute. Earlier this month, the airline said it would increase its fuel surcharge on long distance services to account for "substantial continuous increase" of oil prices
But analysts at Investec said: "given the uncertain economic environment, we are cautious on the ability of airlines to retrieve cost increases through fuel supplements."
ICAG is one of slaughterers more marked on a day where the broader market sank into remuneration disappointing Red following such as Diageo.
Manufacturer of gin Gordon, fell by 58 p to £ 11,95 after that first half missed earnings expectations due to weak sales in Greece, the Ireland and Spain debt-hit.
Diageo slide weighed on the benchmark, with the FTSE 100 falling 92.00 points to 6020.01 while the FTSE 250 hangar 75.01 points to 11721.6.
The index was also dragged by miners, with Rio tinto and Randgold resources lose 146 p to £ 48.94 and 110 p to £ 45.49 respectively. Aft swiped it as one more small planned 5 billion $ (£ 3 billion) share buyback disappointed investors.
But at the other end of the spectrum, autonomy in the ascendant. Software company giving impetus was an upgrade of UBS, moved from its position to "buy" from "neutral," target to 18.00 raised its price £ 17 hours £.
No there was no sign yet of acquisition raised many of autonomy. After failing his fall timeout to complete an agreement, autonomy said its fourth-quarter results earlier this month that the proposed acquisition was "delayed due to changes in the property targeted", but the asset was still available.
Although the market seems cynical Outlook for acquiring autonomy, the broker said that there is still a possible catalyst.
"The market appears to be very skeptical that autonomy is going to close a deal and we believe that actions reflect not only any possible accumulation such an agreement could provide," says UBS analysts.
Autonomy achieved p 35 £ 16.07, while his peer, Wise software, also checked up 6.7 percent 293.4 to take top spot.
Offering an accessory for the blue-chips, too, was Smith & Nephew. Manufacturer of artificial hips and knees earned 15-727 p after solid Q4 numbers is displayed. Alongside its results, the manufacturer of the medical device - which was speculation persisted control - centre said its Executive Director, David Illingworth, is set to retire.
It will be replaced by Olivier Bohuon, Executive Director of pharmaceutical group French and cosmetics, Pierre Fabre. Sebastien Jantet, analyst of the Investec kept its rating on S & N "hold." He said the company had given its more robust statement of outlook in recent years, but added: "positive direction is likely to be offset by the decrease in bid speculation."
The pair through reading took its toll on British Airways and Iberia, it had the reverse effect on WPP. Advertising agency won 12 to 824 p like his French counterpart, Publicis, scores of the year arrives ahead of forecasts.
Among the second liners, investors were also pleased by the results of Hargreaves lansdown. Securities broker advanced 23½ to 570 p after showing an increase in first-half profit.
But at the other end of the scale, Aberdeen asset Management slipped 12.3 percent 215.9 after Numis downgraded its rating to "reduce" from "hold" is based on solid performance for the price of the end of the following investment management group.
Insurers were, however, request with Beazley and Catlin checking up to 3.4 p 134,1 and 393.6 8.1% respectively. Stimulate the latter was new that he had seen a decrease in smaller than expected for the benefit of year-round in spite of 218 m $ in the claims of natural disaster after New Zealand and the Chile earthquakes and floods in Australia.
Broker Bullish commentary had an impact elsewhere in the ranking. dairy Crest advanced 5.2 to 380 percent than evolution analysts upgraded their recommendation on milk supplier and manufacturer from the city cathedral cheese "buy" from "neutral" and pointed to consolidation in the sector.
Broker believes that if Dairy Crest shares does step re - rate, and then he "cannot exclude approach taken control by a trade buyer or private capital.
"Theo Mueller has built a 3pc set in society and we believe that Dairy Crest may be a target of credible tender for Mueller milk products company," said analysts.
Some aim stocks, mineral Pathfinder acquired 1,125 to 7½p on his first day of business relationships.
Meanwhile, Sareum falls 0.825 - or 32 04pc - 2.1% after announcing a placement to raise £ 500,000. Biotechnology has seen its rocket actions around 70pc earlier this week after positive results of a preclinical study in the most common form of adult leukemia.
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