London open: UK stocks fluctuate at four-week high on China data, HSBC results
3rd Nov 2014 08:19
UK stocks opened cautiously on Monday, with upside limited by disappointing economic data from China and poorly-received results from HSBC after the banking group reported a drop in underlying third-quarter profits. The FTSE 100 was 0.1% higher at 6,554 in early deals, after having closed Friday's s
Read moreFTSE 100 movers: Barclays and RBS rise after BoE unveils softer-than-expected requirements for leverage ratios
31st Oct 2014 16:11
Banking stocks, already bolstered by stronger-than-expected quarterly results from RBS, received another big lift on Friday afternoon as the Bank of England unveiled softer-than-expected requirements for leverage ratios. The leverage ratio, a key gauge of a bank's ability to cushion itself against l
Read moreLondon midday: BoJ stimulus sparks surge, as RBS and IAG jump
31st Oct 2014 11:45
London's stock market surged on Friday, following on from a stellar performance by Asian stocks after Japan's central bank surprised with an increase to its monetary-easing programme. Better-than-expected quarterly profits from RBS and an increase to full-year guidance at IAG also helped to boost se
Read moreLondon open: RBS and IAG lead gains as UK stocks rise on BoJ stimulus
31st Oct 2014 08:34
London's stock market jumped in early deals on Friday, trading at levels not seen since the start of the month, after Japan's central bank unexpectedly ramped up its monetary-easing plan in a bid to revive growth. Sentiment was also helped by some well-received third-quarter results from heavyweight
Read moreIAG lifts guidance as lower fuel costs boost Q3 profits
31st Oct 2014 07:26
Anglo-Spanish airline conglomerate International Consolidated Airlines Group reported a big jump in third-quarter profits on the back of falling fuel costs and lifted its guidance for full-year growth. The company, otherwise known as IAG, said it now expected to increase full-year adjusted operating
Read moreLondon pre-open: FTSE to jump after Bank of Japan increases rate of asset purchases
30th Oct 2014 20:06
The Bank of Japan's (BoJ) decision to increase its rate of asset purchases means global indices are set for strong gains on Friday. The FTSE 100 is predicted to open around 80 points higher than Thursday's close of 6,463.55. "Coming off the back of yet more weak inflation data, this move is both ra
Read moreFTSE 100 movers: Travel stocks lead following recent Ebola-related declines
27th Oct 2014 15:36
Travel stocks were among the best performers as investors continued to search for bargains after recent Ebola-related weakness in the sector. TUI Travel, Intercontinental Hotels, Carnival, IAG and Easyjet were putting in decent gains, with the latter two being helped by positive comments from Morgan
Read moreBroker tips: Lloyds, GlaxoSmithKline, Airlines
27th Oct 2014 12:32
Lloyds may have passed the Europe-wide stress tests, but the UK's own bank-health checks may be an issue, according to broker Jefferies which downgraded the stock from 'hold' to 'underperform' on Monday. The broker reckons that Lloyds is now "at risk" ahead of the Prudential Regulation Authority's f
Read moreLondon midday: Stocks drop into the red after German data, ECB stress tests
27th Oct 2014 12:01
UK stocks had erased early gains by Monday lunchtime as ongoing concerns about Germany and the health of the wider Eurozone economy weighed on sentiment. The FTSE 100 was down 0.2% at 6,377 by midday, pulling back sharply after having touched an intraday high of 6,443.76 in early deals. News that G
Read moreMorgan Stanley takes upbeat view on Easyjet, Ryanair and IAG
27th Oct 2014 10:41
Despite ongoing concerns about the spread of Ebola and its effect on tourism, Morgan Stanley has recommended investors to buy shares of UK-listed airline peers Easyjet, Ryanair and IAG, hailing the companies' fundamentals. The bank has reiterated its 'overweight' rating on each stock, and lifted its
Read moreLondon open: Stocks rise on stress-test results, but gains limited ahead of FOMC
27th Oct 2014 08:31
UK markets opened slightly higher on Monday morning, with sentiment boosted by the weekend's news that most European banks had passed recent 'stress tests'. The FTSE 100 was trading 0.1% higher at 6,396 within the opening hour, but had trimmed earlier gains which sent it to a high of 6,443.76. The
Read moreLondon midday: UK stocks hit by Ebola worries, travel stocks fall
24th Oct 2014 11:33
UK stocks fell on Friday morning after the FTSE 100 hit its highest level in two weeks the previous session, with investors treading cautiously after another reported case of Ebola in the States. The Footsie was down 0.3% at 6,397 by midday, but had pared losses after hitting a low of 6,374.24 early
Read moreLondon open: Ebola fears hit UK stocks after NY doctor tests positive for virus
24th Oct 2014 08:35
UK stocks experienced some selling pressure on Friday morning after rising to their highest in two weeks, as renewed concerns about the spread of Ebola weighed on market sentiment. The FTSE 100 was down 0.6% at 6,380 in early deals, after having closed Thursday's session at 6,419.15, its highest fin
Read moreCredit Suisse sees high potential for IAG's short-haul routes
23rd Oct 2014 15:05
International airline carrier IAG is the most attractive play on business model 'convergence' in its sector Credit Suisse wrote on Thursday. The company has the scope to drive returns by tapping into low cost carrier DNA and successfully challenge the conventional wisdom which holds that legacy carr
Read moreLondon close: Shares in the red on downbeat earnings, travel stocks rise
20th Oct 2014 16:16
The London market tumbled back into negative territory on Monday after downbeat US earnings rekindled worries about the health of the global economy. Having finished on a positive note on Friday after a chaotic week, the FTSE 100 Index closed the first session of this week 43.22 points down at 6267.
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