Broker snap: Great upside momentum at easyJet, says Prime Markets
26th Mar 2012 10:51
Prime Markets recommends to buy shares of budget airline easyJet, saying that today's first-half guidance upgrade provides 'great upside momentum'. easyJet this morning that its financial performance in the first half of the year would exceed guidance it gave in January. The company said improvemen
Read moreLondon open: Eurozone worries hold back stocks
26th Mar 2012 08:30
- European markets cautious, Spanish index drops - Germany may back an increased firewall - Abderdeen advances after pre-close trading update Stocks edged higher on Monday morning, but gains were only moderate as concerns over Europe weighed on sentiment. The STOXX Europe 600 Index lost a total o
Read moreeasyJet to beat first half predictions
26th Mar 2012 07:38
Low cost airline easyJet said its financial performance in the first half of the year would exceed guidance it gave in January. The company said improvements in revenue management combined with marketing and website initiatives had enabled easyJet to take advantage of weaker competitors leaving the
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreMonday newspaper round-up: GKN, IAG, Trinity Mirror
12th Mar 2012 06:29
Britain's manufacturing industry could receive a shot in the arm if the British engineering group GKN succeeds in a planned swoop on Sweden's largest aerospace company that could value it at up to £800m. Although sources close to the talks say a deal is not imminent, GKN is now the clear frontrunner
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon close: Bernanke comments fuel late sell-off
29th Feb 2012 16:27
- Stocks tumble on Bernanke comments. - Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. After trading within a narrow 20-point range for the majority of the day, the FTSE 100 plummeted late on as US Federal Reserve Chairman Ben Bernanke gave some gloomy comments the e
Read moreLondon midday: Stocks settle after ECB refinancing
29th Feb 2012 11:38
- Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. - Ludowici issues overshadow impressive 2011 for Weir. The initial celebration of the results of the European Central Bank's (ECB's) refinancing operation quickly faded in late morning trade, with the Footsie broadly fl
Read moreLondon open: Stocks flat ahead of ECB refinancing operation
29th Feb 2012 08:31
- Investors await ECB's LTRO. - ITV jumps 7% after strong 2011. - Ludowici issues overshadow impressive 2011 for Weir. The Footsie lacked direction in the opening hour on Wednesday as investors hold out for the result of the European Central Bank's (ECB's) second longer term refinancing operation,
Read moreFriday broker round-up - UPDATE
24th Feb 2012 09:36
Lloyds Banking Group: Nomura keeps reduce rating and 35p target; Credit Suisse keeps neutral rating and 33p target. Royal Bank of Scotland: Nomura reiterates reduce recommendation and 26p target. RSA Insurance: Nomura downgrades from buy to neutral, target reduced from 148p to 120p; UBS keeps long
Read moreMonday newspaper round-up: Greece, Vodafone, UK economy
13th Feb 2012 06:16
Rioters set Athens ablaze last night as Greek MPs approved a harsh new austerity package aimed at keeping their country in the euro. Tens of thousands of demonstrators besieged Parliament while MPs neared the historic vote, which opens the way for a €1bn bailout by the EU and the IMF. Anarchists in
Read moreFriday broker round-up -UPDATE
10th Feb 2012 10:27
Ferrexpo: Rennaisance downgrades to hold. ICAP: Goldman Sachs downgrades to neutral from buy. Schroders: Goldman Sachs upgrades to buy from neutral. Next: Deutsche Bank upgrades to buy from hold. National Grid: JP Morgan downgrades to neutral from outperform. Barclays: Nomura maintains buy
Read moreLondon close: Markets waiting on Greece
6th Feb 2012 16:25
- Glencore and Xstrata merger may face regulatory probe. - Board room bust-up at Bumi unnerves Nomura. - Snow fun's no fun for airlines. As the market waited - once again - for Greece to agree on a package of austerity measures that will secure another tranche of aid, investors took the precaution
Read moreFTSE 250 movers: Bumi tumbles as shareholder moves to oust Rothschild
6th Feb 2012 14:56
Mining group Bumi was out of favour following Friday's announcement that a major shareholder, Borneo Bumi Energi, had demanded a meeting to vote on numerous boardroom changes including the removal of the firm's co-founders Nathaniel Rothschild and James Campbell. Today the shake-up was described as
Read moreLondon midday: Miners drag Footsie lower as Greek crisis continues
6th Feb 2012 11:58
Losses were pared by midday, but London's blue chip index remained firmly in the red with Greek talks continuing to weigh on sentiment. Meanwhile, US stock futures were pointing to a weak start on Wall Street. After a meeting last night between the three parties of Greece's coalition government, Pr
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