London open: Better than expected
9th Dec 2009 08:52
London has opened stronger than expected despite three-figure losses in the US overnight and a trickle of bad news on Greece and Dubai. UK investors also have Chancellor Alistair Darling's pre-Budget speech to look forward to at lunchtime. Speculation is he'll announce the biggest squeeze in publi
Read moreLondon pre-open: Early dip is forecast
9th Dec 2009 07:37
Futures prices are indicating a 14-point deficit early Wednesday as traders react to three-figure losses in the US overnight and await further news on Greece and Dubai. UK investors also have Chancellor Alistair Darling's pre-Budget speech to look forward to at lunchtime. Speculation is he'll anno
Read moreEasyjet chief Harrison to leave next June
9th Dec 2009 07:07
Easyjet chief executive Andy Harrison is to stand down from the no-frills airline next June. In a statement, Easyjet said Harrison had indicated his desire to leave the company in order to seek new challenges, but did not indicate what he planned to do next. The board is looking for a successor.
Read moreLondon close: Rate rise fears fuel late slide
4th Dec 2009 17:17
Euphoria over the better than expected US jobless figures proved short-lived as week-end profit taking took hold and miners headed underground. Metal prices weakened in the afternoon session, taking mining stocks with them, as some pundits suggested that with the better than expected jobless figure
Read moreLondon afternoon: Stocks bounce into the blue after US jobs
4th Dec 2009 14:20
Share prices have surged higher as the keenly watched US monthly jobs figures showed a big drop in the number losing their jobs and an unexpected drop in the level of US unemployment. Miners are leading the rally with Rio Tinto the best performer. Other gainers include ENRC and oil explorer Cairn E
Read moreLondon midday: Stocks treading water
4th Dec 2009 12:17
Share prices are stabilising at lower levels as investors wait on the big US jobless announcement due at 1:30pm. Banks are on the back foot after a lukewarm note on the sector from JP Morgan. The US bank is particularly down on part-nationalised bank Royal Bank of Scotland, which it advises its cli
Read morePassengers up 12% at easyJet in November
4th Dec 2009 07:39
Budget airline easyJet flew 12% more passengers in November than it did the year before and packed its planes better than last time. Passenger numbers increased to 3.35m from 2.99m and the low-cost carrier said the load factor, which measures how well planes are filled, increased to 84.8% from 83.9
Read moreLondon close: Four-day rally is over
17th Nov 2009 16:31
The leading index finished near its worst levels of the session as weaker banks and mining heavyweights brought a 4-day winning streak to an end. The dollar's bounce off Monday's 15-month low hurt metal prices. Federal Reserve chairman Ben Bernanke said last night that the Fed will conduct policy i
Read moreLondon afternoon: Inflation concern rears its head
17th Nov 2009 14:10
A rise in UK inflation has raised the prospect of an end to the Bank of England's quantitative easing programme and added to an already downbeat mood in the equity market. UK inflation increased for the first time in eight months in October following a rise in oil prices and a stronger pound. The C
Read moreeasyJet FY profit drops 50%
17th Nov 2009 07:28
Budget airline easyJet said full year pre-tax profit halved after it was hit by higher fuel costs. For the year ended 30 September 2009 pre-tax profit fell to £54.7m from £110.2m the year before. Total revenue during the period increased 12.9% to £2.7bn. Total revenue per seat was up 10.9% or 4.
Read moreTuesday preview: British Land, easyJet, ICAP, inflation
16th Nov 2009 17:14
Bid speculation regarding British Land has faded since the company offloaded a half-share in its Broadgate property assets in the City of London back in September, which means the attention will be back on the property giant's performance and future strategy. Broker Charles Stanley expects British
Read moreeasyJet October passengers up 6.6%
5th Nov 2009 07:57
No frills airline easyjet said it carried 4.22m passengers in October, up 6.6% from a year earlier. October's load factor was 86.8%, up from 83.9% the same month a year earlier, making 45.42m for the rolling 12 months, up 2.6% from the year before. easyJet will announce its results for the year e
Read moreWednesday tips round-up: Northern Foods, Mouchel, Easyjet
7th Oct 2009 06:48
Northern Foods shares are trading on a March 2010 earnings multiple of 11.1 times, falling to 9.8 times. This appears to be a comfortable rating in line with its historical averages. The shares are not one to own if you are seeking significant capital appreciation, but for investors looking for a
Read moreLondon close: Miners lead Footsie recovery
6th Oct 2009 16:41
Mining stocks were at the forefront of a sharp rally in the FTSE 100 as the market recovered from a recent weak spell. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tes
Read moreLondon afternoon: Morning's gains consolidated
6th Oct 2009 14:36
Less than a dozen Footsie constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head highe
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