London open: European bond yields keep rising, stocks down
4th Jun 2015 08:48
Stocks began the morning moving lower amid mixed reports regarding the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 08:55 the FTSE 100 was lower by 87.36 points to 6,863.10. A large drop in Chinese stocks
Read moreEasyJet traffic up 7.2% in May
4th Jun 2015 07:34
Low-cost airline EasyJet said on Thursday that it carried nearly 6.5m passengers last month, up 7.2% from 6.05m in May 2014. The load factor, which is a gauge of how many seats were actually occupied by passengers on flights, rose 2.2 percentage points to 91.6% from May 2014. Rival Ryanair said on
Read moreSector Movers: REITs, travel and software stocks climb
1st Jun 2015 14:08
Real Estate Investment Trusts, travel & leisure and software & IT services shares provided a modicum of stability on Monday, even though the London market stayed marginally in negative territory. The FTSE 100 closed down 0.44% at 6,953.58 with natural resources related shares, especially oil and min
Read moreCredit Suisse positive on airlines, retailers
27th May 2015 13:05
Speculative positions in oil are excessive and appear to have peaked, Credit Suisse wrote in a strategy note on Wednesday. That usually leads to a fall in the oil price and where it to rise from here it would threaten Saudi Arabia's market share strategy - especially with capital expenditure levels
Read moreWednesday tips round-up: RyanAir, Shawbrook
27th May 2015 11:01
RyanAir has discovered that a little love can go a long way. So while it carried a record 91m passengers in the year to March and registered a two-thirds rise in profits, there is still momentum to be had in the company. On the downside, the carrier has already hedged nine-tenths of this year's fuel
Read moreExpect near-term weakening in oil markets, says Credit Suisse
27th May 2015 10:59
Speculative positions in oil are excessive and appear to have peaked, Credit Suisse said in its global equity strategy note on Wednesday. CS said that net long positions in oil have risen to all-time highs, and historically, once very elevated speculative positions start to roll over, the oil price
Read moreLondon close: FTSE plunges 1.2% as winning streak ends on Greek fears
26th May 2015 16:35
Heavy losses in the mining, banking and sectors weighed heavily on UK stock markets on Tuesday, as uncertainty in Greece and mixed economic data from the States hammered risk appetite among investors. The FTSE 100, which had been trading with moderate losses for most of the day, experienced a sell-o
Read moreFTSE 100 movers: Banks and miners weaker, property stocks extend gains
26th May 2015 13:18
UK stocks were were buffeted on Tuesday by Greek uncertainty, stateside interest rate speculation and weakness among miners and financials. As of 14:30 BST, the FTSE 100 was trading 23.5 points lower at 7,008.24. Banking stocks with high eurozone exposure plummeted as Greece concerns merged with Sp
Read moreWednesday broker round-up
13th May 2015 13:13
BHP Billiton: Credit Suisse reiterates underperform and 1,400p target, UBS stays at buy with 1,625p target. Experian: Nomura reiterates buy and nudges target higher to 1,265p from 1,230p, Exane BNP keeps at neutral with 1,200p target. Talk Talk: UBS hikes target to 350p from 300p and reiterates neu
Read moreBroker tips: Easyjet, Compass Group, Burberry
13th May 2015 11:16
Numis Securities has lowered its recommendation for budget airline Easyjet from 'buy' to 'add' on the back of "near-term uncertainty". The broker said the "underlying investment case remains intact" but cut earnings estimates, saying that revenue per seat growth expectations are being tempered. Ber
Read moreNumis lowers Easyjet recommendation on "near-term uncertainty"
13th May 2015 09:59
Numis Securities has lowered its recommendation for budget airline Easyjet from 'buy' to 'add' on the back of "near-term uncertainty". Easyjet's share price dropped nearly 10% on Tuesday after the company disappointed with a cautious outlook, saying air traffic control strikes in France and currency
Read moreLondon close: Stocks finish off lows but FTSE still drops 1.4%
12th May 2015 16:33
UK stocks suffered steep declines on Tuesday as volatility in sovereign debt markets and ongoing fears about Greece sent shares 1.4% lower, with Easyjet leading the fallers on a cautious outlook. The FTSE 100 finished the session down 96.05 points, or 1.37%, at 6,933.80, though the index did finish
Read moreFTSE 100 movers: Easyjet nose dives on strikes and currency headwinds, financials lower
12th May 2015 13:10
Budget airline Easyjet led fallers despite meeting guidance and swinging to a small profit in the first half, warning it is likely to face tougher conditions in the latter part of the year. The company saw its shares sink after saying that exchange-rate movements and air traffic control strikes in F
Read moreTuesday broker round-up
12th May 2015 12:59
HSBC: Macquarie downgrades to underperform and lowers target to 520p from 600p. StanChart: Macquarie downgrades to underperform and lowers target to 850p from 950p. easyJet: Panmure Gordon reiterates buy with 2,000p target, Numis stays at buy with 2,100p target. Mitchells&Butlers: JP Morgan Cazeno
Read moreLondon midday: Bond sell-off and Greek uncertainty hammer stock markets
12th May 2015 11:26
UK stocks dropped sharply on Tuesday as a sell-off on sovereign debt markets and ongoing fears about Greece's finances hammered sentiment. The FTSE 100 was down 1.63% at 6,915.17 by midday, with Easyjet leading the decline with a 10% share-price fall following its interim results. The Footsie hit a
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