London open: UK stocks surge on Fed rate-hike delay speculation
7th Apr 2015 08:42
UK stock markets were doing their best to play catch-up on Tuesday morning as investor risk appetite returned after the four-day weekend. London's FTSE 100 was up 1.15% at 6,911.92 in early trading. The Easter weekend has worked wonders for the markets, with the European indices looking reinvigorat
Read moreBritish Airways frequent-flyer accounts hit by hackers
30th Mar 2015 07:09
British Airways confirmed on Sunday that accounts of tens of thousands of its frequent flyers were hacked. BA, owned by International Consolidated Airlines Group, said some accounts had to be frozen, while some fliers were temporarily not able to use or cash in their air miles. Hackers broke into t
Read moreLondon close: UK stocks fall for fourth day as mining shares tank
27th Mar 2015 17:04
UK stocks extended their losing streak into the fourth day on Friday as a sell-off in iron ore and a stronger dollar hit share prices in the mining sector. London's resource-heavy FTSE 100 finished the session down 40.31 points (-0.58%) at 6,855.02 as it continued its retreat from the record closing
Read moreFTSE 100 movers: Carnival lifted by strong results, airline stocks rebound
27th Mar 2015 13:12
Carnival topped the risers as strong first-quarter results prompted a lift in full year earnings guidance. It boasted that advance bookings for the remainder of 2015 were steaming ahead of the prior year and at higher prices. "We are experiencing an on-going improvement in underlying fundamentals ba
Read moreLondon open: LSE and Easyjet lead stocks lower, oil prices spike
26th Mar 2015 08:55
UK stocks dropped sharply on Thursday morning following a steep sell-off on Wall Street, with financial and airline shares providing a drag. The FTSE 100 was down 1% at 6,919.49 early on as it continues to pull back from the fresh all-time closing high of 7,037.67 reached on Monday. The London Stoc
Read moreFTSE 100 movers: Burberry higher on new director, Johnson Matthey hit by downgrade
11th Mar 2015 13:41
Shares in Burberry advanced after the British fashion house appointed Fabiola Arredondo as a non-executive director. Arredondo, once named by The Wall Street Journal as the most influential businesswoman in Europe, has previously held senior roles at Yahoo, the BBC and Bertelsmann. Temporary power a
Read moreLondon close: Stocks erase losses as ITV, StanChart and IAG gain
4th Mar 2015 16:41
After a weak start, UK markets managed to push into positive territory by Wednesday's close as decent gains from ITV, Standard Chartered and IAG offset some heavy falls in the mining sector. The FTSE 100 snapped three days of losses to finish up 0.44% at 6,919.24. Economic data from across the glob
Read moreIAG shares gain as passenger traffic grows 5.5% in February
4th Mar 2015 15:55
Annual traffic growth held steady in February at International Airlines Group (IAG), pushing shares higher on Wednesday, though the increase in premium traffic eased. The British Airways, Iberia and Vueling owner said group traffic, as measured by revenue passenger kilometres, rose 5.5% over Februar
Read moreBroker tips: IAG, RSA, William Hill
2nd Mar 2015 11:35
Credit Suisse has hiked its target price for International Airlines Group from 678p to 750p after the British Airways and Iberia owner beat estimates with its annual results last week. The bank reiterated its 'outperform' rating, saying "quality [is] shining through" at the airline conglomerate. UB
Read moreCredit Suisse lifts target price for IAG
2nd Mar 2015 10:45
Credit Suisse has hiked its target price for International Airlines Group (IAG) from 678p to 750p after the British Airways and Iberia owner beat estimates with its annual results last week. The bank reiterated its 'outperform' rating, saying "quality [is] shining through" at the airline conglomerat
Read moreLondon close: Stocks inch lower as US data comes in mixed
27th Feb 2015 16:43
Despite setting a new intraday record just before the close, the FTSE 100 finished just a few points lower on Friday as investors took profits after a batch of mixed economic data from the States. The Footsie ended the session down 3.07 points at 6,946.66, down just 0.04% from the all-time closing h
Read moreFTSE 100 movers: IAG soars on higher operating earnings, Intu properties drops on lower rents
27th Feb 2015 14:56
British Airways owner International Consolidated Airlines flew to the top of the risers after reporting operating earnings 80.5% higher at £1.4bn for 2014, thanks partly to cheaper fuel, while its Iberia division swung from a loss to a profit. Chief executive Willie Walsh said the Spanish unit's "tu
Read moreLondon midday: FTSE flat on mixed earnings as Germany approves Greek extension
27th Feb 2015 11:50
UK stocks touched a new intraday record on Friday before slipping into the red, as investors treaded carefully on another busy day for corporate earnings and economic data. The FTSE 100 reached a new high of 6,960.00 early on, surpassing the previous intraday record reached on Tuesday, but had erase
Read moreLondon open: Stocks flat early on ahead of German vote and economic data
27th Feb 2015 08:27
Strong gains from Lloyds, IAG and Old Mutual were not enough to lift markets on Friday as UK stocks held steady near record levels. The FTSE 100 was trading 0.07% lower at 6,945.11, after having settled at an all-time closing high of 6,949.73 on Thursday. Markets were directionless early on ahead o
Read moreLondon pre-open: Markets subdued ahead of data, German vote on Greece
27th Feb 2015 07:19
UK stocks were expected to open more or less flat on Friday after markets eked out another record close the previous session. Investors were likely to take a cautious approach ahead of a batch of economic data and a decision in German parliament on whether or not to approve Greece's bailout extensio
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