London midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreBroker snap: easyJet's allocated seating plan is a positive, says Investec
5th Sep 2012 11:27
Investec has retained its 'buy' rating and 670p target price for easyJet hailing the airline's new allocated seating plan. The group announced on Wednesday that it will be introducing an allocated seating plan across its fleet after customers said they would rather avoid the scramble traditionally
Read moreWednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreeasyJet gives up seating free-for-all
5th Sep 2012 07:18
Airline easyJet is to give up the 'no reserved seats' format it pioneered after customers said they would rather avoid the scramble traditionally associated with boarding a low cost flight. From November passengers will be allocated seats after a trial showed 70% of people on trial routes thought a
Read moreLow-cost operators outstripping traditional airlines in Spain
17th Aug 2012 10:55
Low cost airlines now serve more passengers than traditional airlines in Spain, a Spanish tourist body reports. Low cost airlines operating in the country have boosted their number of passengers by 1.4% to 21 million so far this year. In the month of July alone, the number of passengers rose 4% to
Read moreSunday newspaper round-up: StanChart, Food prices, Aviva
12th Aug 2012 17:01
Standard Chartered has embarked on a last-ditch push to secure a settlement with American prosecutors over money laundering allegations ahead of a crunch meeting on Wednesday. The British bank was last week accused by a New York state regulator of illegally processing $250bn (£160bn) of payments for
Read moreBroker tips: Barclays, Rentokil, Ryanair
10th Aug 2012 13:49
You only need to look at the share price to see the warm welcome the City has given to the appointment of City veteran Sir David Walker as the new Chairman of Barclays, but just in case, brokers have been weighing in to lend their support. "We struggle to see how the board could have found a better
Read moreBroker snap: CS still likes Ryanair despite cutting estimates
10th Aug 2012 13:28
Credit Suisse has trimmed its earnings estimates for Ryanair, the pioneer of the 'anything extra costs more' airline model, after the Irish firm's first quarter figures came up short. The Swiss bank is cutting its earnings forecasts by 7%-16%, resulting in a cut in the target price to €4.75 from €4
Read moreLondon open: Eurozone fears weigh on stocks early on
6th Aug 2012 08:54
- Eurozone back in the spotlight - Monti warns about Eurozone break-up - M&S up on bid rumours The Footsie declined in early trading on Monday as Eurozone concerns dampened sentiment; stocks were pulling back from a strong surge on Friday after US jobs data smashed expectations. Analyst Moyeen Isl
Read moreTravellers choose easyJet in July
6th Aug 2012 07:25
No frills airline easyJet has reported a strong rise in both passenger numbers and load factor in July. The total number of people booking on flights in the month was 5,860,272, up 8% on July 2011. This figure does not necessarily translate directly into revenue as it includes seats provided for p
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreThursday tips round-up: easyJet, ARM, Informa
26th Jul 2012 07:07
Questor in the Telegraph is rather pleased with himself after his April recommendation on easyJet came good. Yesterday the firm reported revenues up 10.5 per cent in the second quarter, as people tried desperately to escape the rain. Trading at 10.7 times this year's earnings, Questor says hold on f
Read moreeasyJet revenue surges 10.5pc
25th Jul 2012 08:16
Shares of no frills airline easyJet took off after it posted a 10.5 per cent increase in revenue for the quarter to end-June from the same time a year earlier. Total revenue increased to £1.033bn as revenue per seat grew 2.8 per cent due to the fall in the euro year on year. Passengers carried inc
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreAirlines to be up front with debit card charges
5th Jul 2012 08:51
Twelve airlines, including Ryanair and easyJet, have agreed to include debit card charges in headline prices rather than spring them on consumers at the end of the booking process. The move comes after enforcement action by the Office of Fair Trading (OFT), which threatened court action against th
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