IAG CEO opposes Heathrow expansion
31st Jul 2015 10:43
(ShareCast News) - The chief executive of British Airways owner International Airlines Group on Friday said the group does not support the building of a new runway at London's Heathrow Airport due to the costs the airline would incur. "We think the costs associated with the third runway are outrageo
Read moreIAG profits ascend above forecasts as passenger numbers rise
31st Jul 2015 08:10
(ShareCast News) - International Consolidated Airlines beat profits forecast for the second quarter as the British Airways and Iberia owner enjoyed a 5.6% increase in passengers. Second quarter operating profit of $530m was well up on forecasts of €494m and 39% higher than the €380m in the same peri
Read moreFTSE 100 movers: Royal Mail dips as Ofcom suggests price cap, M&S hit by executive resignation
17th Jul 2015 15:37
(ShareCast News) - London markets were little changed on Friday, as hawkish comments from Bank of England Governor Mark Carney were balanced by Germany voting in favour of Greece's bailout package. As of 15:00 BST, the FTSE 100 was trading flat at 6,783. Royal Mail topped the fallers after Ofcom su
Read moreLondon open: Focus shifting from Greece to central banks
17th Jul 2015 10:07
(ShareCast News) - Bank Rate might be headed higher sooner than markets expect, Bank of England Governor Mark Carney told an audience last night at Lincoln Cathedral. The central bank chief said: "In my view, the decision as to when to start such a process of adjustment will likely come into sharper
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreAer Lingus shareholders clear the way for IAG takeover
16th Jul 2015 14:50
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group said at an extraordinary general meeting Aer Lingus shareholders had backed its proposed takeover of the Irish carrier. In addition, IAG said it had received notice from the US Department of Justice that i
Read moreLondon midday: Stocks recover ahead of speech by Fed chair Yellen
15th Jul 2015 13:04
(ShareCast News) - London stocks recovered from the losses seen earlier in the day as traders waited on word from Athens regarding the approval of the reform measures demanded by creditors. As of 11:45 the FTSE 100 was 2.92 points higher to 6,756.65 points, although the more UK-focused FTSE 250 was
Read moreLondon open: Stocks rally on upbeat Chinese data
15th Jul 2015 09:43
(ShareCast News) - The FTSE 100 opened higher after better-than-expected Chinese data. China's gross domestic product (GDP) rose 7% year-on-year in the second quarter, above forecasts for a 6.8% increase. "The second quarter's stronger-than-consensus GDP growth partly reflects an unsustainable surg
Read moreIAG welcomes EU clearance for Aer Lingus takeover
15th Jul 2015 08:07
(ShareCast News) - International Consolidated Airlines Group has welcomed the decision by the European Commission to approve its offer for Aer Lingus, after it agreed to make some concessions to assuage concerns about competition. As part of the regulatory process, IAG has said that five daily slot
Read moreFTSE 100 movers: Upgrade gives IAG wings, but ARM bent by downgrade
13th Jul 2015 15:24
(ShareCast News) - London's top-flight index was in the black on Monday as investors welcomed a long-awaited bailout agreement between Greece and its creditors, with the blue chip index up 0.87% to 6,731.30 by the close. International Consolidated Airlines Group was the standout gainer after Swiss b
Read moreBroker tips: ARM Holdings, Just Eat, IAG
13th Jul 2015 14:19
(ShareCast News) - JPMorgan Cazenove downgraded ARM Holdings to 'underweight' from 'neutral' and cut the price target to 900p from 950p. "With key semi end markets such as smartphones, tablets and PCs (where ARM is exposed to multiple peripherals) slowing and consensus not reflecting the slowdown we
Read moreMonday broker round-up
13th Jul 2015 12:05
(ShareCast News) - ARM Holdings: JP Morgan downgrades to underweight and lowers target to 900p from 950p; Exane reiterates outperform with 1,400p target. AstraZeneca: Goldman Sachs stays at neutral and Jefferies at buy. British American Tobacco: Nomura starts coverage at buy with 3,920p target. Bu
Read moreIAG tops FTSE 100 on UBS upgrade to 'buy'
13th Jul 2015 10:17
(ShareCast News) - International Consolidated Airlines Group rose to the top of the FTSE 100 after UBS upgraded the stock to 'buy' from 'neutral' and raised its price target to 700p from 580p. It said that since hitting a high of 617p in April, the shares have fallen nearly 20% and now represent a g
Read moreLondon midday: Stocks hold near highs as traders monitor Greek situation
10th Jul 2015 11:44
(ShareCast News) - Stocks were holding near their best levels of the day as traders waited for the Greek parliament to vote on their Prime Minister's bailout proposal and monitored the news flow to see if Germany would allow debt-relief. There was uncertainty early on Friday over how European leader
Read moreIAG traffic rises in June
3rd Jul 2015 15:25
International Consolidated Airlines Group, the owner of British airways and Iberia, said on Friday that it carried 7.9m passengers in June, up 9.1% from 7.1m a year ago. Group traffic during the month, measured in revenue passenger kilometres, rose 6.7% versus June 2014, while capacity measured in a
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