London open: FTSE 100 nears three-month low as Greek talks collapse
15th Jun 2015 08:44
A collapse in Greek debt talks hit UK stocks on Monday morning, putting the FTSE 100 on track for its lowest finish in three months. The FTSE 100 was trading 0.69% lower at 6,738.21 early on; it has not closed below this level since 11 March when it settled at 6,721.51. Markets across Europe were f
Read moreFriday newspaper round-up: IAG, OBR, Apple
12th Jun 2015 06:58
The parent company of British Airways is buying up Europe's aviation industry "bite by bite" and should be stopped according to Sir Richard Branson, who has hit out at the proposed takeover of Aer Lingus. In an attack on his larger rival, the chairman of Virgin Atlantic claimed it was "preposterous"
Read moreIAG upgraded to 'buy' by HSBC
9th Jun 2015 15:09
HSBC upgraded International Consolidated Airlines Group to 'buy' from 'hold', pointing to the recent weak share price performance. It noted that the stock has fallen 14% in the last two months, both in absolute terms and relative to the FTSE 100. Investor concerns have grown about the sustainabilit
Read moreFTSE 100 movers: HSBC dips on cuts and closures, miners lower
9th Jun 2015 13:17
UK stocks were slightly lower on Tuesday, as fragile negotiations between Greece and its creditors weighed on investors' risk appetites. Sector-wise, industrial metals, oil and telecommunications stocks provided the biggest drag. As of 14:30 BST, the FTSE 100 was trading 0.16% lower at 6,779. HSBC
Read moreTuesday broker round-up
9th Jun 2015 07:52
Reed Elsevier: Barclays ups target price to 1,225p and lifts recommendation to overweight from equal-weight. HSBC Holdings: Investec reiterates hold and 620p target. Bernstein keeps target price at 650p. Goldman Sachs places estimates under review. Credit Suisse reiterates underperform and 580p targ
Read moreSector Movers: REITs, travel and software stocks climb
1st Jun 2015 14:08
Real Estate Investment Trusts, travel & leisure and software & IT services shares provided a modicum of stability on Monday, even though the London market stayed marginally in negative territory. The FTSE 100 closed down 0.44% at 6,953.58 with natural resources related shares, especially oil and min
Read moreFriday tips round-up: IAG, Serco
29th May 2015 16:53
IAG saw profits nearly double last year and they are expected to rise sharply again in 2015, but the company may face a raft of headwinds over the coming year. For starters, the acquisition of Aer Lingus has yet to close. Even if it does, regulators might still ask IAG to divest slots at Heathrow. I
Read moreLondon close: Market recoups previous session's losses
27th May 2015 15:47
UK stocks closed higher on Wednesday, rebounding from heavy losses in the previous session, buoyed by strength in the construction, electricity and tobacco sectors. The FTSE 100 experienced few surprises and gained steadily throughout the day, closing 1.24% higher at 7,034.9. The index had plunged 1
Read moreFTSE 100 movers: CRH surges on Holcim offer, Weir Group hit by downgrade
27th May 2015 12:33
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, construction, electronics and utilities stocks outweighed weakness in mining and industrial metals. As of 13:45, the FTSE 100 was trading points 47.1 points higher at 6,996. Shares in building materials group CRH sur
Read moreBroker tips: IAG, Weir, De La Rue, Taylor Wimpey, Insurers
27th May 2015 11:33
Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish government. The bank said that it continues to see the acquisition as "strategically positive" for IAG, whose st
Read moreCredit Suisse talks up Aer Lingus potential at IAG, sees substantial upside
27th May 2015 09:33
Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish government. The bank said that it continues to see the acquisition as "strategically positive" for IAG, which al
Read moreIrish government to sell Aer Lingus stake to IAG
27th May 2015 07:03
The Irish government agreed on Tuesday to sell its 25% stake in Aer Lingus to International Consolidated Airlines Group (IAG), owner of British Airways and Spain's Iberia, for €2.55 per share. Ireland's transport minister Pascal Donohue confirmed the sale and added that IAG had provided certain comm
Read moreWednesday newspaper round-up: FIFA corruption charges, IAG-Aer Lingus, EU referendum
27th May 2015 06:35
Authorities in the States are set to unveil a criminal indictment against a number of FIFA officials over allegations of widespread corruption, according to The Wall Street Journal. As many as 12 officials were expected to be arrested. IAG has completed the deal to buy Irish national carrier Aer Lin
Read moreFTSE 100 movers: Miners higher, Hargreaves Lansdown surges on record inflows
21st May 2015 13:19
London stocks inched higher on Wednesday, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. At 14:30 BST, the FTSE 100 was trading 4 points higher at 7,011. Mining stocks, including Fresnillo, BHP Billiton and Rio Tinto,
Read moreIAG chief "relaxed" about timing of Aer Lingus takeover bid
20th May 2015 14:02
Willie Walsh, chief executive of International Consolidated Airlines Group (IAG), on Wednesday said he is "perfectly relaxed" about the time it is taking to clinch a takeover deal with Aer Lingus. The group, owner of British Airways and Spain's Iberia, has proposed a €1.36bn bid for Aer Lingus and i
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