Thursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreLondon pre-open: Strong start expected ahead of central-bank meetings
4th Jul 2013 07:50
Markets are expected to open firmly higher on Thursday morning ahead of a busy day for investors, with central-bank policy decisions from the Bank of England and European Central Bank in focus. However, volumes are expected to be light with US markets closed for the Independence Day holiday and ris
Read moreeasyJet's June flights hit by French strikes
4th Jul 2013 07:04
easyJet said it cancelled 585 flights in June compared to 22 flights in the same month a year ago, due to the French Air Traffic Control strike. Thousands of flights in and out of French airports were cancelled last month as air traffic controllers were on strike following a call from unions to wa
Read moreFTSE 100 movers: easyJet up after Citi comments
25th Jun 2013 13:34
easyJet was a high riser after Citi increased its target price of the low-cost airline from 1330p to 1450p and reiterated a 'buy' recommendation on Monday. British multinational semiconductor and software design company ARM Holdings advanced after Investec upgraded the stock from 'hold' to 'buy' a
Read moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreBoeing and Airbus win most orders at trade show
20th Jun 2013 10:18
Boeing and Airbus dominated the aviation industry's largest trade expo as it secured more orders than rivals. Boeing won $55.8bn orders while Airbus landed $55.6bn, following the first three days of the Paris Air Show, Bloomberg reported. Airbus received orders for 135 A320s from easyJet, plus a
Read moreLondon close: Markets move higher with Fed decision in focus
18th Jun 2013 17:04
After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key 'risk event' of the week, the monetary policy meeting at the Federal Reserve. Banking stocks in London were performing well today after the China Securities Journal suggeste
Read moreFTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth
18th Jun 2013 14:34
Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent. Whitbread said that while sales in its resta
Read moreLondon midday: Stocks rise as markets await Fed policy decision
18th Jun 2013 11:20
Markets were issuing decent gains on Tuesday morning with investors choosing to be optimistic ahead of the all-important monetary policy meeting in the States which concludes tomorrow. Helping sentiment this morning was Germany's closely-watched ZEW survey which showed that the economic sentiment i
Read moreeasyJet agrees to buy 100 Airbus aircraft
18th Jun 2013 07:32
easyJet has made a deal with Airbus to acquire 100 New Generation A320 Aircraft for delivery from 2017 to 2022. The low-cost airline announced that the aircraft was sourced at highly attractive price and greater percentage discount to list price than the company's existing Airbus contract. Chief E
Read moreSunday newspaper round-up: RBS, Co-op bank, easyJet
16th Jun 2013 15:16
Foreign-owned bank branches - as opposed to subsidiaries - in Britain made the country's financial crisis worse, as they moved to shrink their loan books by almost half at the height of the credit crunch, according to Bank of England research, The FT Weekend reports. The other factors which explain
Read moreSunday share tips: Tesco, easyJet, Mulberry
9th Jun 2013 18:06
A company trading at 10.4 times current year earnings - with a prospective yield of 4.4 per cent - is usually not deemed expensive. However, given how elusive growth is proving at Tesco that does not hold true in its case. The simple fact is that over the last two years like-for-like growth has fall
Read moreFTSE 100 movers: Johnson Matthey gains as results beat forecasts
6th Jun 2013 14:37
Platinum refiner and chemicals group Johnson Matthey rose to the top of the FTSE 100 on Thursday after the company reported full-year results that beat analysts' estimates. Bank of America Merrill Lynch upgraded its rating from 'neutral' to 'buy', saying Johnson's second-half earnings were 5.0% ah
Read moreLondon midday: Markets rangebound with focus on central banks
6th Jun 2013 11:39
Markets were rangebound on Thursday morning as traders awaited announcements from the Bank of England (BoE) and European Central Bank (ECB) on monetary policy. There were just 16 points separating the index's intraday low (6,416) and high (6,432), as markets paused for breath following a heavy sell
Read moreLondon open: Markets pause ahead of BoE and ECB decisions
6th Jun 2013 08:34
Markets opened broadly flat on Thursday morning as traders paused for breath following the heavy sell-off the day before, with all eyes on the Bank of England (BoE) and European Central Bank (ECB) as they prepare to announce their latest monetary policy decisions this afternoon. The FTSE 100 lost 2
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