Join our community of smart investors

Carnival buoyant on sinking oil

TIP UPDATE: With the oil price falling, sentiment towards Carnival is rising, despite tough trading conditions.
June 27, 2012

The weak oil price is rare bit of good news for cruise operator Carnival as it's a major cost.

IC TIP: Sell at 2150p

The share price has strengthened as the price of fuel drops, even though trading remains soft and the company says that yields per berth are likely to be weaker than previously expected.