London pre-open: Markets to extend losses following sell-off
6th Jun 2013 07:57
Markets are expected to open lower on Thursday following a dramatic sell-off the day before as traders continue to show caution ahead of the all-important US jobs report tomorrow. City sources predict the FTSE 100 will open down four points from yesterday's close of 6.419. The index dropped a total
Read moreeasyJet flies more passengers on fuller planes in May
6th Jun 2013 07:13
easyJet flew more passengers and filled more seats on planes in May, according to the budget airline's traffic statistics released on Thursday morning. The firm said that passenger numbers - these represent the number of earned seats flow, whether or not the customer turns up, as easyJet is a no-re
Read moreLondon close: Stocks rise as Fed speculation continues
4th Jun 2013 16:55
Speculation surrounding the future of the Federal Reserve's stimulus programme continued to drive market sentiment on Tuesday as stocks rebounded on hopes that the US central bank will delay scaling back measures as it awaits a firmer recovery. The FTSE 100 rose 33 points (+0.51%) to 6,559 today af
Read moreFTSE 100 movers: GKN gains on upbeat broker note
4th Jun 2013 14:44
GKN's shares surged Tuesday after UBS lifted its target price and retained it's 'buy' rating, saying the engineering group has "more than meets the eye". The broker said that GKN is well positioned following the acquisitions of Getrag and Volvo Aero which have transformed its Driveline and Aerospace
Read moreLondon midday: Stocks gain on US stimulus hopes, UK construction data
4th Jun 2013 11:45
Hopes that the US Federal Reserve would delay pulling the plug on stimulus and a surprise return to growth in the UK construction sector gave markets a boost on Tuesday morning, with the FTSE 100 rebounding from a one-month low the day before. London's FTSE 100 fell to 6,525 on Monday, a level not
Read moreBroker snap: Momentum accelerating at easyJet, says Prime Markets
4th Jun 2013 11:18
easyJet's impressive rise over the past 12 months is set to continue, according to Prime Markets which reiterated its positive recommendation for the stock on Tuesday. The share price was up 3.77% at 1,267p by 11:15, extending its year-to-date rise to nearly 66%. Over the last year, the stock has n
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreFTSE 100 movers: RBS makes strong gains on Numis note
20th May 2013 14:56
Royal Bank of Scotland was in the lead after Numis raised its target price from 308p to 410p, while upgrading the stock to buy. Budget airline easyJet was also flying high after both Deutsche Bank and Citigroup lifted their target prices for the stock following last week's first-half results. Citi
Read moreLondon midday: Footsie flat as miners dampen earlier gains
20th May 2013 11:26
The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector. "A dearth of economic data in Europe this morning is mirrored across the Pond, giving traders the opportunity to pause and assess ahead of
Read moreBroker tips: easyJet, Next, FirstGroup
20th May 2013 10:56
Budget airline easyJet was flying high on Monday morning after Citigroup lifted its target price and kept its 'buy' rating for the stock following last week's first-half results. Citigroup said that it has raised its earnings estimates for the firm by around 10% for the next three years due to a be
Read moreBroker snap: Citigroup ups forecasts for easyJet
20th May 2013 09:23
Budget airline easyJet was flying high on Monday morning after both Deutsche Bank and Citigroup lifted their target prices for the stock following last week's first-half results. The stock was also rising in sympathy with fellow carrier Ryanair which reported a record annual profit despite higher o
Read moreLondon open: Markets open higher as surge continues
20th May 2013 08:40
London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy. The FTSE 100 surpassed its 2007 high of 6,732 in intraday trade this morning as it continue
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreThursday tips round-up: LSE, easyJet, HSBC
16th May 2013 06:26
Change is in the air at HSBC. The lender has been right to concentrate on cost-cutting, having exited 50 businesses and announced roughly 44,000 lay-offs since 2011 - even if its cost-to-income ratio has risen over the past three years. Indeed, banks have been at pains recently to show investors tha
Read moreFTSE 100 movers: easyJet rises after narrowing losses
15th May 2013 14:49
easyJet narrowed its half-year losses as the low-cost airline took initiatives to boost revenues and cut costs. Loss before tax for the six months to March 31st 2013 came to £61m, a 45.5% drop from the prior year's loss of £112m. The LSE also made strong gains after posting a seven per cent rise
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