European airline stocks hit by oil prices, Credit Suisse downgrade
7th Oct 2015 10:24
(ShareCast News) - European airline stocks fell sharply on Wednesday, dragged lower by rising oil prices and a downgrade by Credit Suisse. "We can see the close correlation between airlines and the oil price, with much of their recent outperformance resulting from the renewed weakness in the oil pri
Read moreLondon open: Mining shares lift equities higher
7th Oct 2015 08:29
(ShareCast News) - London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose. Anglo American, Rio Tinto and BHP Billiton topped the FTSE 100 in morning trade as the price of gold and copper jumped on the Comex. SABMiller was also on the front foot, reversing the previ
Read moreIAG traffic and load factor rise in September
5th Oct 2015 15:22
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group said group passenger traffic, measured in revenue passenger kilometres, was up 13.9% from last year in September to 21.4m. The load factor meanwhile, which measures how full the planes were, was up 0.2 per
Read moreBroker tips: IAG, Unilever, RBS
25th Sep 2015 13:15
(ShareCast News) - JPMorgan Cazenove upgraded International Consolidated Airlines Group to 'overweight' from 'neutral' and lifted its price target to €9.55 from €8.50. JPM highlighted IAG's potential to expand profitability beyond the 1-2% unit cost savings discounted in the bank's medium-term estim
Read moreJPMorgan upgrades IAG; reiterates bullish stance on low-cost carriers
25th Sep 2015 10:59
(ShareCast News) - JPMorgan Cazenove upgraded International Consolidated Airlines Group to 'overweight' from 'neutral' and lifted its price target to €9.55 from €8.50. JPM highlighted IAG's potential to expand profitability beyond the 1-2% unit cost savings discounted in the bank's medium-term estim
Read moreFTSE 100 movers: Airlines up after Morgan Stanley review, only RSA drops
23rd Sep 2015 14:11
(ShareCast News) - It has been a positive day for the FTSE100, regaining 129.31 points (2.18%) on Wednesday to 6,065.15 after Tuesday's massive falls. International Consolidated Airlines Group was the biggest riser, up 4.85% after Morgan Stanley said the company "moves to our top 'overweight' pick i
Read moreFTSE 100 movers: Engineers hammered, IAG takes off
17th Sep 2015 14:05
(ShareCast News) - The FTSE 100 lost some ground as nerves and indecision showed ahead of the US Federal Reserve's mighty rate decision. London's benchmark index was 0.6% lower at 6,191.95 by 1450 BST on Thursday, with a phalanx of engineers and oil services groups leading the way down. Engineers S
Read moreBroker tips: Henderson Group, AstraZeneca, IAG
14th Sep 2015 16:39
(ShareCast News) - Exane BNP Paribas took a look at UK asset managers, noting that their shares have sold off sharply, making for an enticing entry point. "Equity market volatility is a risk to inflows, but historically the impact has been temporary and flows into other asset classes do not suffer a
Read moreThings looking up for IAG next year, Credit Suisse says
14th Sep 2015 12:06
(ShareCast News) - Things were looking up for up for IAG shares in 2016 given improved pricing on its Transatlantic routes, the pricing behaviour within the sector in general and the stock's then current valuation, analysts at Credit Suisse said on Monday. The company's pricing in the third quarter
Read moreIAG passenger numbers up 12.4% in August
3rd Sep 2015 15:14
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group said it carried 12.4% more passengers in August than it did in the same month last year. Passenger numbers for August came in at 9.1m from 8.1m in 2014, while the load factor rose to 86.6% from 84.7%. Gro
Read moreFTSE 100 movers: easyJet flies higher on profit guidance, Weir slips on demotion
3rd Sep 2015 12:40
(ShareCast News) - London's FTSE 100 was on the front foot Thursday, taking its cue from strength on Wall Street as the closure of Chinese markets provided investors with some much-needed respite. At 1305 BST, the top-flight index was up 1.4% at 6,165.81. Budget airline EasyJet flew higher after lif
Read moreIAG officially takes control of Aer Lingus
2nd Sep 2015 08:11
(ShareCast News) - International Consolidated Airlines Group announced on Wednesday that its offer for Aer Lingus is closed and the British Airways and Iberia owner now controls 98.05% of the Irish carrier. IAG said Aer Lingus shareholders who accepted the offer will receive payment for their shares
Read moreBarclays reinstates IAG at 'overweight', names it top pick in European transport
26th Aug 2015 15:38
(ShareCast News) - Barclays reinstated its coverage of International Consolidated Airlines Group at 'overweight' with a 750p price target. The bank said it expects fuel to propel IAG to the top end of its 10-14% 2016-20 EBIT margin targets as soon as next year. Despite cautious yield assumptions, B
Read moreMorgan Stanley recommends adding exposure to European stocks
26th Aug 2015 09:33
(ShareCast News) - The ongoing weakness in emerging markets and China won't significantly dent the European economy, Morgan Stanley said in its most recent equity strategy note. The bank said it expects equities to be higher in three months, adding that current volatility in markets is likely to be
Read moreFTSE 100 movers: Anglo American, BHP lead fallers
18th Aug 2015 14:31
(ShareCast News) - The FTSE 100 was down 23 points, or 0.35%, to 6,527. Shares fell as a rise in inflation heightened the debate on whether the Bank of England would lift rates as early as this year. Inflation rose by just 0.1% in July compared with expectations of a zero reading. On the stock marke
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