FTSE 100 movers: Travel and banking stocks surge, miners decline
1st Jul 2015 13:05
London markets were buoyed by strength in the travel and banking sectors, which offset weakness in mining and oil stocks. As of 14:30 BST, the FTSE 100 was trading 1.5% higher at 6,617. Travel and leisure stocks including Easyjet, IAG, TUI and IHG rebounded after a recent sell-off. The sector had b
Read moreLondon midday: Stocks surge on Greek deal hopes, but uncertainties remain
1st Jul 2015 12:07
Decent gains in the banking and travel sectors gave UK stocks a boost on Wednesday as sentiment was buoyed by hopes of a possible bailout deal in Greece. According to reports, Greek Prime Minister Alexis Tsipras will accept all his creditors' bailout conditions that were on the table last weekend, w
Read moreLondon open: FTSE rebounds after sell-off as Greece defaults
1st Jul 2015 08:25
UK stock markets advanced on Wednesday morning, bouncing back after a Greece-inspired sell-off pushed the FTSE 100 to a new five-month low the previous session. As expected, Greece defaulted on its €1.6bn repayment to the IMF on Tuesday night, with the institution officially declaring that Athens wa
Read moreFTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read moreLondon close: FTSE sinks to five-month low as final act of Greek drama unfolds
29th Jun 2015 16:54
Heavy falls in the travel, tourism and financial sectors prompted a 2% plunge on the FTSE 100 on Monday as investor sentiment was hammered by concerns about the future of Greece and the wider Eurozone. The FTSE 100 finished 133.22 points lower (-1.97%) at 6,620.48 by the end of the session, its lowe
Read moreFTSE 100 movers: Financials and travel stocks plunge, gold miners higher
29th Jun 2015 13:19
UK markets plummeted on Monday, as Greece closed its banks and called a public vote to determine its future within the Eurozone. With just seven stocks on the FTSE 100 in positive territory, the UK index was down 1.5% at 6,655 as of 14:30 BST. Travel tour operator TUI dropped sharply as investors e
Read moreLondon midday: Stocks slide as Greece shuts banks, calls referendum
29th Jun 2015 11:33
UK stocks slid sharply on Monday after Greece shut its banks and called a public vote to decide the fate of its future within the Eurozone. With just three stocks on the FTSE 100 in positive territory, the UK index was down 1.63% at 6,643.30 by midday. The index had dropped to a low of 6,598.64 earl
Read moreLondon open: Greek chaos sparks market sell-off; airline stocks drop
29th Jun 2015 09:17
The UK stock market and indices across Europe suffered a steep sell-off on Monday morning after Greece imposed capital controls and called for a referendum on bailout terms, pushing the country nearer to an exit from the Eurozone. Prime Minister Alexis Tsipras announced on Saturday that the governme
Read moreLondon close: UK markets hit two-week high despite Greek impasse
24th Jun 2015 16:24
Fading optimism over an imminent short-term funding deal for Greece didn't stop UK stocks from rising for the fifth straight day, as decent gains from a number of blue chips bolstered markets. The FTSE 100 ended the day up 0.15% at 6,844.80, its highest close since 11 June. Supermarket stocks, oil
Read moreFTSE 100 movers: Sainsbury surges on upgrade, but IAG hit by takeover delay speculation
24th Jun 2015 12:54
London markets were subdued on Wednesday, as gains in the supermarket, oil and mining sectors were offset by weaker performances from chemicals, software, and financial services stocks. As of 13:45 BST, the FTSE 100 was trading broadly flat at 6,843. Sainsbury surged after being boosted by a Societ
Read moreLondon midday: UK market rises despite Greek uncertainty, supermarket stocks gain
24th Jun 2015 12:00
Strong gains from supermarket, oil and mining stocks bolstered UK markets on Wednesday as investors shrugged off worrying reports that creditors have rejected Greece's reform proposals. The FTSE 100 was up 0.29% at 6,854.95 by midday, with blue chips Sainsbury's, Shell and BHP Billiton among the bes
Read moreEU watchdog raises concerns over Aer Lingus-IAG deal
24th Jun 2015 10:26
The deal between Aer Lingus and International Consolidate Airlines Group (IAG) could be delayed by the European Union Commission's competition law directorate. At a meeting in Brussels, EU officials have raised competition concerns over Heathrow landing rights and transatlantic routes with the two c
Read moreIAG financing in place for Aer Lingus offer
23rd Jun 2015 07:48
International Consolidated Airlines Group said on Tuesday that it has secured a bridge facility from Banco Santander to back the €1.4bn takeover offer for Aer Lingus by its AERL Holding subsidiary. The company said that Deutsche Bank, its adviser on the deal, is happy that sufficient resources are a
Read moreThursday newspaper round-up: Federal Reserve, Airline strikes, AT&T
18th Jun 2015 07:03
The Federal Reserve is still expected to raise interest rates this year but lowered its GDP growth forecast for this year to 1.8% from 2% initially, The Telegraph writes. IAG, Easyjet, Ryanair, Air France-KLM and Lufthansa have united to demand action from the EU to avert summer travel chaos caused
Read moreLondon midday: Easyjet, StanChart lead UK stocks lower as Greek fears increase
15th Jun 2015 11:34
UK stocks dropped sharply on Monday, with the FTSE 100 on track for its lowest finish in three months, as debt talks between Greece and its creditors collapsed abruptly. The FTSE 100 was trading 0.74% lower at 6,734.97 by midday, with Easyjet and Standard Chartered providing a drag. The index has no
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