easyJet's third quarter revenue jumps on capacity expansion
24th Jul 2013 07:04
easyJet achieved a 10.5 per cent rise in third quarter revenue to 1.14bn pounds, bolstered by an increase in capacity and growth in revenue per seat. Europe's low-cost airline boosted its capacity by 3.6% and improved revenue per seat by 6.7% on a reported basis to £61.44 in the three months to end
Read moreLondon close: Gains erased after US data misses forecasts
23rd Jul 2013 16:28
Worse-than-expected economic data from the US saw markets across Europe erase their earlier gains on Tuesday, as the FTSE 100 fell into the red despite a strong performance in the mining sector.. Home prices in the States continued to increase in May but at a worse-than-expected rate: the Federal H
Read moreFTSE 100 movers: Miners jump; Tullow sinks after well update
23rd Jul 2013 14:44
Mining stocks were among the best performing stocks on Tuesday as concerns over a 'hard landing' in China were eased by comments from the Premier and his second in command. Chinese Premier Li Keqiang is reported to have stood by the government target for economic growth of 7.5% in 2013 and assured
Read moreLondon midday: FTSE 100 lifted by Sage, mining stocks
23rd Jul 2013 11:38
A well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreLondon open: Miners jump on hopes over Chinese growth
23rd Jul 2013 08:17
Fading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreLondon midday: Stocks higher after UK retail sales, Bernanke
18th Jul 2013 11:35
An improvement in UK retail sales and comments from Ben Bernanke were lifting markets higher on Thursday morning, with London Stock Exchange leading the risers on the FTSE 100 after a strong first-quarter update. UK retail sales increased in June as shoppers snapped up discounted goods in departmen
Read moreBroker tips: Shell, easyJet, Ryanair
18th Jul 2013 11:34
Nomura has downgraded its rating for oil major Royal Dutch Shell from 'buy' to 'neutral', saying that there's an absence of clear positive catalysts. With the benefits of earnings integration from Pearl GTL (gas-to-liquids) plant in Qatar earlier this year now priced in, Nomura sees little scope fo
Read moreBroker snap: JPMorgan upgrades easyJet and Ryanair
18th Jul 2013 10:48
JPMorgan Cazenove has upgraded its ratings for budget airline rivals easyJet and Ryanair as part of its review into the US and European airline sector. The broker said that the restructuring of the US airline industry has been so profound that so-called 'legacy' and 'discounter' airlines are "incre
Read moreLondon open: Stocks extend gains on Bernanke comments, LSE rises
18th Jul 2013 08:30
Markets opened in positive territory on Thursday morning as investors continued to digest comments by Federal Reserve Chairman Ben Bernanke last night. He said that the Fed's $85bn-a-month asset purchase programme is "by no means on a pre-set course", saying that it very much depends on the econom
Read moreLondon close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreEasyJet flies jet purchase vote past AGM opposition
11th Jul 2013 12:55
Low-cost airline easyJet has received institutional investor backing for its divisive purchase of 135 new aeroplanes. The plans of Chief Executive Officer, Carolyn McCall, to buy aircraft valued at $13bn had been strongly opposed by the company's founder and 36% shareholder Sir Stelios Haji-Ioann
Read moreLondon midday: Bernanke comments drive gains on FTSE 100
11th Jul 2013 11:35
A strong performance in the mining sector ensured that the FTSE 100 was trading firmly in positive territory on Thursday after dovish comments from Federal Reserve Chairman Ben Bernanke sparked gains in commodity prices. "After June's sell-off in risk assets was attributed to seemingly hawkish comm
Read moreLondon open: FTSE 100 up one per cent, miners surge after Bernanke comments
11th Jul 2013 08:36
Dovish comments from Federal Reserve Chairman Ben Bernanke prompted some strong gains on the FTSE 100 on Thursday morning, as mining stocks tracked metals prices higher on the back of a weaker US dollar. "Bernanke and his colleagues are trying to reassure the market by communicating that even once
Read moreLondon midday: Stocks rise as BoE holds fire, markets eye ECB
4th Jul 2013 11:28
The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today. As expected, the Bank of England (BoE) stood
Read moreLondon open: Stocks rise as eyes turn to BoE, ECB
4th Jul 2013 08:25
The FTSE 100 rebounded strongly on Thursday morning after a sell-off the day before, as traders took advantage of thin volumes with markets in the States shut for Independence Day. The Bank of England (BoE) and European Central Bank (ECB) policy decisions will be in focus today with little economic
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