London midday: Stocks edge higher on improved outlook from BoE
15th May 2013 11:19
An improved outlook from the Bank of England (BoE) lifted UK markets into the blue by Wednesday lunchtime as investors shrugged off disappointing growth figures from the Eurozone and rising unemployment at home. The FTSE 100 was extending its recent winning streak to its 10th day after finishing Tu
Read moreBroker tips: ITV, easyJet, Keller
15th May 2013 10:50
ITV's first-quarter results were slightly ahead of forecasts, according to Nomura, however the broker said that Wednesday's negative market reaction was due to its cautious outlook for the remainder of the year. "Overall, the transformational plan seems on track with strong studios guidance, cost s
Read moreBroker snap: easyJet is a 'key pick' in airline sector, says Investec
15th May 2013 10:43
Shares in budget airline easyJet were flying high on Wednesday morning after the company's in-line first-half results, with Investec saying that full-year forecasts look 'well underpinned'. "easyJet's H1 results were in line with our forecasts/guidance (loss before tax of £61m), while the outlook s
Read moreLondon open: Eurozone GDP figures worry markets early on
15th May 2013 08:39
Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before. The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive t
Read moreLondon pre-open: FTSE to dip ahead of BoE inflation forecast
15th May 2013 07:29
City sources predict the FTSE 100 will open up five points from yesterday's close of 6,686, likely to be driven in part by utilities giant Severn Trent, which has this morning brushed off a bid approach from a consortium of foreign investors, saying it completely undervalues the firm. The UK water
Read moreeasyJet narrows half-year losses as revenues rise
15th May 2013 07:09
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. Revenue grew 9.3% to £1.6bn from £1.4bn boosted by the timing of Ea
Read moreeasyJet sees rise in passengers but fall in load factor
7th May 2013 07:34
Low-cost carrier easyJet saw a 2.5 per cent increase in passengers in April compared to the last year. The airline carried 5.2m passengers last month, up from 5.1m for the same month a year earlier. However, the load factor - the number of passengers as a proportion of the number of seats availab
Read moreNext exec to chair easyJet as Mike Rake steps down
17th Apr 2013 07:30
Budget airline easyJet has confirmed rumours that Chairman Sir Mike Rake is to stand down from the board in a couple of weeks' time and will be replaced by the Chairman of High Street chain Next, John Barton. Rake, who was appointed as Deputy Chairman in June 2009, informed the board of his intent
Read moreNext Chairman to take over reins of easyJet Chairman
16th Apr 2013 08:14
Chairman of fashion retailer Next, John Barton, is in talks to chair low-cost airline easyJet, Sky News reported Tuesday. Barton has emerged as a contender to replace Sir Mike Rake, who retires this summer to become President of CBI, a business lobby group. easyJet is yet to confirm a successor
Read moreFTSE 100 movers: Fresnillo leads miners lower
15th Apr 2013 15:26
Metals producers were under the weather throughout the day on Monday after the disappointing economic data. Fresnillo and Polymetal were the worst hit, both down over 10 per cent by late afternoon, while Randgold and Evraz weren't far behind. Polymetal was being dragged lower by a downgrade from C
Read moreLondon close: Investors concentrate on Bernanke's words
10th Apr 2013 17:11
UK equities finished Wednesday close to their best levels of the day despite the pre-release of the minutes of the Federal Reserve Open Market Committee's (FOMC) last rate setting meeting, which at first glance seemed to show US monetary policy makers taking another step closer to quantitative easin
Read moreFTSE 100 movers: Miners rise on Chinese hopes
10th Apr 2013 15:26
Mining stocks were on the up on hopes over Chinese domestic demand with Vedanta, EVRAZ, ENRC and Rio Tinto making decent gains. Vedanta was leading the way after reporting an increase in full-year production across oil and gas, copper, aluminium, lead and silver. Budget airline easyJet surged earl
Read moreLondon midday: Stocks boosted by stimulus hopes, Chinese imports
10th Apr 2013 11:37
Optimism regarding central-bank stimulus was driving gains on stock markets on Wednesday morning following recent comments from Japan and ahead of an announcement from the Federal Reserve later today. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a stro
Read moreBroker tips: IAG, easyJet, AZ Electronic Materials
10th Apr 2013 10:38
Credit Suisse has reiterated its 'outperform' rating and 295p target price for British Airways and Iberia owner IAG after Vueling's board recommended its 9.25 euros-per-share offer. "Following recent restructuring progress with Iberia staff, the acquisition of Barcelona-based Vueling would represen
Read moreBroker snap: easyJet flying high after Citigroup ugprade
10th Apr 2013 09:23
The share price of budget airline easyJet received a boost on Wednesday by Citigroup which upgraded its rating for the stock, saying that it expects strong profit growth and continued market-share gains this year. Citi has lifted its recommendation from 'neutral' to 'buy' and hiked its price target
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