Easyjet boosts passenger numbers in November
4th Dec 2014 07:16
More passengers travelled on Easyjet last month than a year ago, the budget airline said on Thursday. The Luton-based carrier increased passenger numbers by 3.1% to 4,386,296 in November against the same month in 2013. The load factor - a measure of how full its aircraft were - increased by 0.5 perc
Read moreLondon close: Rising travel and retail stocks offset losses from energy sector
28th Nov 2014 16:26
A slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. "Clearly firms with a focus on consumer spending will be indirect beneficiaries of increase
Read moreFTSE 100 movers: Black Friday boosts retail, oil prices hit producers
28th Nov 2014 15:23
Retailers including Kingfisher and Sports Direct were performing well on hopes that Black Friday sales will be strong. Investors were also expecting the drop in oil prices to give consumer spending a boost, as falling petrol prices freed up disposable income. Also higher were the share prices of com
Read moreLondon midday: Crude stabilises but oil stocks continue to slide
28th Nov 2014 11:43
The UK stock market dropped on Friday as shares in the energy sector dropped after the recent slump in crude on concerns about a global oversupply of oil. Oil producers and energy services stocks were extending losses made the previous session with crude prices set to register their steepest weekly
Read moreLondon open: FTSE 100 falls as energy stocks extend losses after OPEC meeting
28th Nov 2014 08:41
Despite already having plunged the previous session, stocks in the energy sector were under further selling pressure on Friday in the aftermath of the OPEC meeting, pushing the FTSE 100 firmly into the red. The Organization of Petroleum Exporting Countries decided on Thursday not to scale back their
Read moreTravel stocks soar in London as OPEC choses to maintain output target
27th Nov 2014 20:17
Oil stocks were the clear losers in London on Thursday after the Organization of Petroleum Exporting Countries (OPEC) chose not to cut production despite a global supply glut, sending crude prices to levels not seen since 2010. Brent crude dropped by 6.7% to $72.58 a barrel on the ICE, while West Te
Read moreLondon close: Hopes of Chinese and European economic stimulus lift stocks
21st Nov 2014 16:17
A surprise cut in Chinese interest rates and hints about quantitative easing in Europe put London traders in a bullish mood on Friday. The People's Bank of China cheered markets by reducing its one-year benchmark lending rate by 40 basis points to 5.6% to lift an economy on course for its slowest an
Read moreBroker tips: Easyjet, Serco, Oil stocks
21st Nov 2014 12:26
Broker Liberum has lifted its target price for budget airline Easyjet from 1,650p to 1,725p and repeated its 'buy' recommendation, hailing the company's effort to adapt to an "inflationary world". Analyst Gerald Khoo said while non-fuel unit cost inflation is set to rise, Easyjet's so-called 'lean'
Read moreLiberum lifts Easyjet target, reiterates 'buy'
21st Nov 2014 12:22
Broker Liberum has lifted its target price for budget airline Easyjet from 1,650p to 1,725p and repeated its 'buy' recommendation, hailing the company's efforts to adapt to an "inflationary world". Analyst Gerald Khoo said that Easyjet's full-year results last week "delivered the expected combinatio
Read moreTo dips in at Hutchinson China-Meditech
20th Nov 2014 15:26
Since falling below 40p in the height of the financial crisis, shares in Hutchison China MediTech (Hutchison Chi-Med) have climbed and climbed and climbed more than 3,000% but executive chairman Simon To seems to believe they can ascend yet higher. To, the founder and managing director of the tradit
Read moreLondon close: Upbeat company and economic news buoys stocks
18th Nov 2014 17:06
London shares closed comfortably in positive territory on Tuesday on upbeat economic news and strong corporate results. The FTSE 100 Index closed 37.16 points ahead at 6709.13 as UK house prices reached a new high in September, according to data from the Office of National Statistics (ONS). The ONS
Read moreFTSE 100 movers: Tullow Oil lifted by Liberum comments
18th Nov 2014 15:30
Tullow Oil's share price was rising strongly on Tuesday, supported by a 'buy' call from Liberum, which downplayed the recent sell-off in the shares. The broker said that results from two "basin-opening wells" in Kenya should be released in the next three months and would be catalysts for the stock,
Read moreBroker tips: Easyjet, Tullow Oil, Balfour Beatty
18th Nov 2014 13:37
Charles Stanley is telling investors to keep shares in Easyjet after the budget carrier failed to upgrade its profit forecasts. The Luton-based airline on Tuesday posted record annual profits for the fourth year in a row, though it cautioned that investment would lead to flat revenue per seat in the
Read moreHold on tight to Easyjet shares, says Charles Stanley
18th Nov 2014 12:37
Charles Stanley is telling investors to keep shares in Easyjet after the budget carrier failed to upgrade its profit forecasts. The Luton-based airline on Tuesday posted record annual profits for the fourth year in a row and proposed a dividend rise of more than a third, although it cautioned that i
Read moreLondon pre-open: FTSE to rise despite further weak data out from China
18th Nov 2014 07:42
London's blue chips are expected to open on a positive note, despite further weak data out from China overnight. City sources predict the FTSE 100 will open around 15 points higher than Monday's close of 6,671.97. "European futures are pointing to another positive start on Tuesday despite data over
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