FTSE 100 movers: Tesco rises on reports profit mis-guidance was limited
20th Oct 2014 15:21
Travel stocks were putting in a decent performance on Monday, following recent volatile trading amid the growing Ebola crisis. There was good news from several continents on the state of efforts to contain the outbreak, with 48 people coming off a risk list in Texas, Nigeria being declared free of t
Read moreBroker tips: Airlines, Rolls-Royce, Premier Foods, Spectris
20th Oct 2014 12:15
Liberum has highlighted UK-listed IAG, Ryanair and Easyjet as its top picks across the European airline sector, saying it sees "opportunities for the brave" despite sentiment remaining fragile across the industry. "Amidst concerns over Ebola, Eurozone recession and excess capacity, we believe there
Read moreLiberum names IAG, Ryanair and Easyjet as top European airline picks
20th Oct 2014 10:22
Liberum has highlighted UK-listed IAG, Ryanair and Easyjet as its top picks across the European airline sector, saying it sees "opportunities for the brave" despite sentiment remaining fragile across the industry. "An old investment adage states that you should buy when others are fearful. There is
Read moreLondon close: US markets help FTSE end higher following initial slump
14th Oct 2014 17:03
Following an initial decline, London's blue chips had a decidedly better afternoon of trading, thanks in part to an upbeat performance amongst US equities. Coming off an intra-day low of around 6,306, the FTSE 100 ended Tuesday's session 26.44 points higher at 6,392.68. The morning's losses were du
Read moreFTSE 100 movers: Burberry declines after seeing a 'more difficult external environment'
14th Oct 2014 16:18
Burberry delivered double-digit underlying growth in the first half but shares in the high end fashion group slumped after the firm said that it has experienced a "more difficult external environment" with a softening in growth from Chinese consumers both home and when travelling. Financial services
Read moreLondon open: UK stocks fall for fifth day, but miners advance
13th Oct 2014 08:32
There was no let-up in the selling pressure on Monday as the UK stock market resumed its sell-off despite a strong performance by the mining sector. After falling 2.7% last week, the FTSE 100 was down a further 0.4% at 6,314 in early trading, falling for the fifth session in a row. If the index ends
Read moreFTSE 100 movers: Tullow Oil and travel stocks lead downside
10th Oct 2014 15:45
Oil and gas group Tullow Oil was firmly in the red after the company said that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons. Travel and leisure peers TUI Travel, Carnival and IAG were all registering losses as concerns about the Ebola crisi
Read moreLondon midday: UK stocks on track for lowest close in over a year
10th Oct 2014 11:38
UK stocks dropped sharply on Friday as fears about the global economy and the Ebola crisis continued to weigh heavily on market sentiment. After closing at its lowest level of the year on Thursday, the FTSE 100 was down a further 1.4% at 6,345 by Friday lunchtime as travel, leisure and mining stocks
Read moreFlybe does loyalty scheme deal with IAG
10th Oct 2014 07:38
British regional airline Flybe Group has teamed up with a business owned by British Airways and Iberia owner International Airlines Group to offer a new loyalty scheme. Flybe said it had agreed a partnership with Avios, which helps IAG to run its British Airways Executive Club, Iberia Plus and Merid
Read moreBroker tips: GKN, Tesco, IAG
8th Oct 2014 17:38
Tesco's stock was back on investors' shopping lists again on Wednesday after HSBC upgraded its rating on the UK grocer from 'underweight' to 'neutral' and lifted its target price from 175p to 195p. Though sentiment is still fragile after a string of profit warnings and an accounting scandal at the s
Read moreInvestors should book into Ryanair and IAG, says Bank of America Merrill Lynch
8th Oct 2014 15:40
Airline investors should check in with Ryanair and IAG rather than rivals, according to Bank of America Merrill Lynch (BoAML). The broker prefers companies such as the Irish budget carrier and the British Airways and Iberia owner that are likely to see consensus earnings upgrades, it said in a no
Read moreAirlines could rally if Ebola in Spain is contained, says Cantor
8th Oct 2014 09:31
Fears about a potential outbreak of Ebola have hammered airline stocks across Europe over recent days after a nurse in Madrid was found to have caught the virus, the first person to contract it outside West Africa. However, analyst Robin Byde from Cantor Fitzgerald said that if the Ebola case in Spa
Read moreLondon open: Macro concerns hit stocks ahead of earnings, Fed minutes
8th Oct 2014 08:36
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Read moreFTSE 100 movers: Tesco leads risers, but travel stocks slide on Ebola fears
7th Oct 2014 15:40
Supermarkets were continuing to claw their way back after a string of profit warnings and an accounting scandal at Tesco hammered sentiment last month. Shares in the UK's largest retailer were trading nearly 5% higher after the news that the company has asked another senior manager to step down and
Read moreSector movers: Ebola fears hammer travel stocks, but grocers and miners rise
7th Oct 2014 14:19
Fears about the fallout from a potential Ebola outbreak hammered stocks in the travel and leisure sectors on Tuesday with UK-listed airlines and tour operators dropped sharply. In contrast, supermarket and mining stocks were bucking the trend with the two sectors, which have both bore the brunt of t
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