London midday: Stocks edge higher as data offsets US shutdown
3rd Oct 2013 11:34
Markets were rangebound on Thursday as investors focused on mixed economic data as the US government shutdown extended into its third day. "With little contagion from across the pond, at least until markets open, European indices are a touch higher this morning aided and abetted by positive corpora
Read moreBroker snap: Long-term prospects for easyJet look exciting, says Panmure
3rd Oct 2013 10:57
Panmure Gordon has kept its 'buy' rating and 1,500p target price for easyJet after a strong pre-close trading update from the budget airline on Thursday morning. The broker said that the statement "suggests that the commercial and operational performance has continued to be robust across the networ
Read moreLondon open: Stocks snap losing streak after Chinese data
3rd Oct 2013 08:43
Markets opened with small gains on Thursday morning as investors turned their focus away from another day of the US government shutdown and instead concentrated on a raft of economic data. While the continuing budget impasse Stateside will lead to non-essential government agencies being shut for a
Read moreLondon pre-open: FTSE to edge higher ahead of EU data
3rd Oct 2013 07:34
City sources predict the FTSE 100 will open around six points higher than yesterday's close of 6,437.50, as US benchmarks picked up off their lows. That said, US stocks still finished Wednesday's session with moderate losses as concerns about the looming debt-ceiling deadline and the ongoing budget
Read moreeasyjet lifts full-year guidance
3rd Oct 2013 07:06
easyJet raised its annual profit guidance on Thursday on the back of strong demand in the second half. In a trading update ahead of its results for the year to the end of September 2013, the low-cost airline said it expects pre-tax profit of between £470m and £480m compared with the previous guidan
Read moreLondon close: Stocks finish flat as markets digest US shutdown, data
1st Oct 2013 16:25
Stocks in the UK finished broadly flat on Tuesday as investors gave a subdued reaction to the news of the first partial US government shutdown in 17 years. Indices across Europe and the States however edged higher today, with London's FTSE 100 bucking the trend given some sharp falls in the heavywe
Read moreFTSE 100 movers: easyJet climbs on Citigroup comments
1st Oct 2013 15:10
Budget airline easyJet was a high riser today after analysts at Citigroup said they expect full-year profits to be "near the upper-end of previous guidance". The company said in July that pre-tax profit would be between £450m to £480m; Citi's forecast is £474m. Shares in betting group William Hil
Read moreBroker snap: Citi upbeat about full-year profits at easyJet
1st Oct 2013 15:01
Shares of budget airline easyJet were flying higher on Tuesday after some upbeat comments from Citigroup ahead of its fourth-quarter trading update on Thursday. Citi maintained its 'buy' rating and 1,600p target price for the stock, saying that its valuation - shares trading at 12-13.5 times next y
Read moreLondon open: Stocks fall as caution sets in ahead of data
27th Sep 2013 08:47
Markets opened lower on Friday morning following a choppy week as traders choose to head into the weekend with caution ahead of a barrage of economic data from the Eurozone and US later on. Eurozone economic confidence is expected to record a reading of 96 in September from 95.2 last month, accordi
Read moreLondon close: Stocks at six-week high despite subdued finish
16th Sep 2013 16:30
UK stocks registered decent gains on Monday as markets reacted positively to the withdrawal of Larry Summers from the candidacy to head the Federal Reserve, though investors turned more cautious towards the end of the session. Gains were trimmed slightly in afternoon trade on reports of a shooting
Read moreLondon midday: FTSE 100 at six-week high after Summers' withdrawal
16th Sep 2013 11:30
News that Larry Summers has dropped out of the running for Federal Reserve Chairman gave market sentiment a boost on Monday morning while concerns over Syria eased. London's FTSE 100 surged to a six-week high of around 6,639 today - the last time the index closed higher was on August 2nd when it en
Read moreLondon open: Stocks jump ahead of Fed, Syria concerns ease
16th Sep 2013 08:29
Markets opened strongly on Monday morning as eyes begin to turn to the Federal Reserve ahead of its all-important policy meeting this week while concerns about Syria eased. The Federal Open Market Committee's two-day meeting is due to come to a close on Wednesday and will likely be one of the most
Read moreFTSE 100 movers: ITV, Tate & Lyle, Reckitt Benckiser
13th Sep 2013 14:14
ITV was the top riser after Nomura raised its target price from 170p to 200p and reiterated a 'buy' rating for the stock. The broker said that a continuing improvement in the UK economic outlook prompted it to raise its ad forecasts for 2013 and 2014. Tate & Lyle jumped after analysts at Berenberg
Read moreLondon close: Stocks jump to four-week high as Syria concerns ease
10th Sep 2013 16:40
The FTSE 100 jumped to a four-week high on Tuesday as investors' fears of an impending US military strike on Syria eased and the economic outlook for China improved. London's benchmark index finished 53.25 points higher at 6,583.99, a gain of 0.82%; the last time it closed higher was on August 14th
Read moreFTSE 100 movers: easyJet leaps on CEO interview
10th Sep 2013 14:39
easyJet shares are firmly on the rise, extending yesterday's gain of around one per cent. The company has said it's geared up to take on other low-cost airlines across Europe, saying it expects other airlines will have difficulty in embracing a no-frills style. It said the loss of as many as 86m sho
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