Thursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreLondon open: Markets flat after mixed data from China, Europe
23rd Jan 2014 08:50
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson drops after gloomy update techMARK 2,854.33 +0.22% FTSE 100 6,830.94 +0.07% FTSE 250 16,142.38 -0.03% The FTSE 100 opened more or less flat on Thursday as investor
Read moreLondon pre-open: FTSE to edge lower amid barrage of data
23rd Jan 2014 07:04
City sources predict the FTSE 100 will open five points below yesterday's close of 6,826.33, as investors digest an unexpected contraction in Chinese manufacturing ahead of what is predicted to be an improvement in Eurozone PMI data. The preliminary reading of HSBC manufacturing PMI for January re
Read moreeasyJet achieves rise in passengers and revenue in first quarter
23rd Jan 2014 07:03
- Revenue per seat climbs in Q1 - Passengers carried and load factor rises - First half losses expected to narrow easyJet carried 14.3m passengers in the first quarter, an increase of 4.2 per cent against the previous year. The European airline achieved a 3.4% jump in revenue per seat on a report
Read moreThursday preview: easyJet reports first quarter results
22nd Jan 2014 15:49
easyJet's first quarter is expected to have been disrupted by the power outage the Gatwick North Terminal over Christmas and winter storms, Numis said ahead of the airline's results on Thursday. However, the broker believes that overall the disruption is unlikely to have had a material negative imp
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreLondon pre-open: FTSE to extend Tuesday's gains
15th Jan 2014 07:40
- FTSE to open 16 points higher - US markets recover on retail sales data - Quiet day expected with focus on earnings City sources predict the FTSE 100 will open 16 points above yesterday's close of 6,766.86, building on Tuesday's modest rise of 10 points late in the session. Overnight, US market
Read moreGlobal airline passenger traffic slowed in November
13th Jan 2014 13:31
Global airline passenger traffic registered a slowdown in November, with total revenue per passenger kilometre (RPKs) growing at a 4.1 per cent clip versus the same month a year ago, compared to a rise of 6.5 per cent in October, according to the latest figures out from the International Air Transpo
Read moreBroker snap: EasyJet shares should fly higher than Ryanair
13th Jan 2014 12:41
Credit Suisse upgraded budget airline easyJet, saying it has scope to boost fares and its shares should be trading higher than those of rival Ryanair. The broker lifted its recommendation on easyJet to outperform from neutral with a price target of 1,988p, up from 1,518p. It believes easyJet's sha
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreFTSE 100 movers: RSA rises on confidence ahead of investigation result
8th Jan 2014 16:01
RSA Insurance climbed strongly ahead of receiving the results of an independent investigation after it reiterated its confidence that the recent financial irregularities are isolated to its Irish business. The results are due to be announced tomorrow. Banking stocks were extending yesterday's gain
Read moreLondon close: UK markets hit two-month high as banks gain
7th Jan 2014 16:24
- FTSE 100 at highest level since November 4th - Eurozone inflation ramps up interest-rate speculation - Banks helped by funding data - IAG reports strong December traffic figures techMARK 2,789.43 -0.10% FTSE 100 6,755.45 +0.37% FTSE 250 16,069.19 +0.12% UK markets finished with decent gains on
Read moreLondon pre-open: FTSE to inch higher ahead of European data
7th Jan 2014 07:31
City sources predict the FTSE 100 will open around seven points above yesterday's close of 6,730.73, largely ignoring declines suffered in both the US and Asia as attention turns to German unemployment and Eurozone inflation. A report issued yesterday showed that service-sector activity growth had
Read moreeasyJet's passenger numbers rise during Christmas period
7th Jan 2014 07:06
easyJet carried 3.5 per cent more passengers in December 2013 compared to a year earlier, the budget airline revealed on Tuesday. The European carrier had 4.49m passengers on board its aircraft last month, up from 4.33m in December 2012. The load factor, which compares the numbers of passengers t
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