FTSE 100 movers: Travel stocks gain, resource shares drop
5th Jan 2015 15:03
The travel sector was booming on Monday as oil prices continued to fall. Carnival, International Consolidated Airlines Group and EasyJet were among the best performing members of the FTSE 100. Randgold Resources and Fresnillo were on the rise as gold and silver prices increased. Gold was up for the
Read moreLondon close: Falling oil prices drag down shares
30th Dec 2014 16:06
Oil stocks dragged London shares deep into the red on Tuesday after crude prices hit a five-and-a-half year low. The FTSE 100 Index closed 86.51 points adrift at 6,547 as the price of a barrel of Brent crude dropped below $57, although it later recovered slightly. The price of a barrel of US light
Read moreLondon midday: UK stocks slip as Greek uncertainty hits sentiment
30th Dec 2014 11:19
Uncertainty in Athens and falling oil prices were weighing heavily on UK stocks on Tuesday, with London's FTSE 100 snapping an eight-day winning streak. The FTSE 100 was down 0.9% at 6,576.11 after hitting a three-week high the previous session. Greek politics were in focus for those traders return
Read moreLondon close: Stable oil prices and upbeat retail news buoys Santa rally
19th Dec 2014 16:03
The Santa rally continued on its merry way on Friday as oil prices rose and upbeat retail data boosted supermarkets. The FTSE 100 Index closed 79.27 points ahead at 6545.27, its fourth session of gains in a row. Oil heavyweights rose as the price of Brent and US crude recovered from earlier falls t
Read moreBroker tips: Energy services sector, IAG, Serco, Aveva
19th Dec 2014 12:11
Shares in the oil and gas services sector were hammered on Friday by comments from US bank Goldman Sachs which repeated its 'cautious' rating on the European sector in light of the recent collapse in crude prices. Goldman said: "Our analysis suggests that the European majors would need to cut capex
Read moreBuying Aer Lingus would 'make sense' for IAG, says Liberum
19th Dec 2014 10:42
Broker Liberum Capital has reiterated its 'buy' stance for IAG shares, saying it expects the airline group to add Aer Lingus to its portfolio. IAG announced that it had approached the Irish carrier about a possible takeover offer, which was refused as Aer Lingus claimed the proposal "fundamentally u
Read moreFriday newspaper round-up: IAG and Aer Lingus, North Sea oil, Unilever and RB...
19th Dec 2014 06:55
The Times has printed a story on British Airways owner IAG's revelation that a secret €1bn-plus takeover of Aer Lingus was rejected by the Irish carrier's board. According to the new source, a takeover by IAG would have seen the airline seize even more highly prized take-off and landing slots at cap
Read moreAer Lingus rejects takeover bid from IAG
18th Dec 2014 15:39
British Airways and Iberia owner International Airlines Group (IAG) has made a takeover bid for Aer Lingus, IAG said in a statement on Thursday, although the Irish flag carrier rejected it. IAG, led by former Aer Lingus boss Willie Walsh, said in a statement: "IAG notes the recent movement in the sh
Read moreBroker tips: Weir Group, IAG, Greggs
15th Dec 2014 11:15
Even under the most bearish scenario, at current prices there is upside potential to engineering outfit Weir Group's share price, analysts at Deutsche Bank said in a note e-mailed to clients dated 12 December. The company has exposure to the drop in the oil price, given that it sells pressure pumps
Read moreCredit Suisse hikes its target price for IAG
15th Dec 2014 10:21
Shares in IAG may have gained recently on the back of fuel price weakness, but they do not reflect the improvement seen at its Spanish subsidiary, Iberia. The latter is the result of management's success in re-structuring the company's operations, Credit Suisse explained to clients in a research not
Read moreLondon close: UK stocks drop to five-week low as oil sinks further
10th Dec 2014 16:40
UK stocks dropped to their lowest levels in five weeks on Wednesday as turmoil in the oil prices intensified with crude prices sinking to a fresh five-year low. The FTSE 100 erased earlier gains to finish down 0.45% at 6,500. It has not closed below this level since 4 November when it settled at 6,4
Read moreLondon midday: UK stocks rise, but gains only modest after sell-off
10th Dec 2014 12:12
Stimulus hopes in China gave UK stocks a small boost on Wednesday though sentiment was still fragile after a global equity rout sent London's stock market to a one-month low the previous session. The FTSE 100 was up just 0.1% at 6,539. The index dropped over 2% to settle at 6,529.47 on Tuesday, its
Read moreLondon open: Stocks bounce off one-month low on Chinese stimulus hopes
10th Dec 2014 08:54
UK stocks edged higher on Wednesday after a steep sell-off sent the FTSE 100 to its lowest levels in more than a month. London's benchmark index was up 0.3% at 6,549 early on, after settling at 6,529.47 the previous day. Political uncertainty in Greece and concerns about lending in China hammered m
Read moreLondon close: Upmarket housebuilders hit as investors digest Autumn Statement
3rd Dec 2014 16:29
Upmarket housing stocks took a hit but airlines were flying higher as investors reacted to the UK's Autumn Statement on Wednesday. Shares in Berkeley Group Holdings were 76p off at 2468p and estate agency Foxtons subsided 2.6p to 152.8p as Chancellor George Osborne introduced a new stamp duty regime
Read moreIAG traffic growth slows down in November
3rd Dec 2014 15:57
Traffic growth at British Airways and Iberia owner International Consolidated Airlines Group slowed down markedly in November as the increase in passengers and capacity both eased. The airline conglomerate, otherwise known as IAG, said traffic as measured by revenue passenger kilometres rose at an a
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