London midday: Mining gains offset by falls from airline, healthcare stocks
7th Oct 2014 11:36
Poor economic data was weighing on UK stocks on Tuesday, with decent gains in the mining sector offset by falls from airlines and pharmaceuticals. The FTSE 100 was trading 0.6% lower at 6,522 by around midday. Nervousness ahead of the start of third-quarter earnings season in the States was also ca
Read moreLondon open: UK stocks drop despite mining gains
7th Oct 2014 08:27
Strong gains in the UK mining sector weren't enough to keep London's FTSE 100 from slipping into the red on Tuesday morning. Indices across Europe were tracking a weak finish on Wall Street and a mixed performance on Asian markets overnight. The FTSE 100 was trading 0.6% lower at 6,526 within the o
Read moreLondon midday: UK stocks rise despite weak economic data
6th Oct 2014 11:37
Weak economic data from Germany and the wider Eurozone failed to deter bullish investors on Monday as UK stocks continued to bounce off a 10-month low reached last week. London's FTSE 100, spurred by gains in the banking, airline and supermarket sectors, was trading nearly 0.4% higher at 6,550 by mi
Read moreIAG's first post-merger dividend could land in November
6th Oct 2014 10:31
After having completed its restructuring and earning €16m in the second quarter, IAG has renewed confidence in Iberia, its Spanish subsidiary. In an interview with the Spanish daily Expansión, the airline's chief executive, Willie Walsh, expressed confidence in the Spanish subsidiary's ability to ev
Read moreSector movers: Airlines surge, but stronger dollar knocks commodity stocks lower
4th Oct 2014 17:55
The outlook for the world's major economies may be diverging, but at least on Friday the price action at the sector level was very similar, over on Wall Street, across the Channel and in the UK. The upside was led by travel-related stocks on the top flight index, while mining, precious metals or bas
Read moreSunday newspaper round-up: Tesco, RBS, IAG
28th Sep 2014 21:05
The whistleblower who alerted Tesco to its accounting problem tried to do so before but was ignored, the Sunday Times reported. The accountant, reporting to Tesco's UK Finance Director, Carl Rogberg, raised concerns with superiors during ex-chief executive Philip Clarke's time in charge but "failed
Read moreLondon midday: Dollar strength weighs on commodities, Footsie
25th Sep 2014 12:36
UK stocks were holding slightly lower come midday and lagging the rest of European benchmarks as the dollar continued to strengthen, pressuring commodity prices lower across the board. The US dollar index is trading at a four-year high, just as commodities such as wheat plumb four-year lows. Three-m
Read moreSunday newspaper round-up: BP, Morrisons, UK equities
8th Sep 2014 11:36
BP is preparing for a long legal battle that could delay for several years the financial impact of Thursday's court ruling that it acted with gross negligence and wilful misconduct in the Deepwater Horizon disaster, the Financial Times reported. "It's going to be a long time before we resolve this,"
Read moreBroker tips: Morrisons, Tesco, IAG, Ryanair, Melrose
28th Aug 2014 12:18
Shares of rival supermarket chains Wm Morrison and Tesco were heading in opposite directions on Thursday after Deutsche Bank upgraded its rating for the former and downgraded the latter. The bank lifted Morrisons from 'sell' to 'hold' and kept its 190p target price after an 8% share-price underperf
Read moreJefferies highlights buying opportunities at IAG and Ryanair
28th Aug 2014 11:17
"Sentiment [is] trumping fundamentals" in the UK airline sector, according to Jefferies, which recommended investors to see dips as an opportunity to revisit its two preferred names of IAG and Ryanair. The broker said that a better-than-expected update from IAG should have given some immediate reli
Read moreUK airlines to receive 26.4m free CO2 permits for 2013-2016
27th Aug 2014 16:49
The UK government will hand British airlines 6.6m free carbon allowances a year in a bid to help reduce the cost of meeting European Union standards. Under the EU's Emissions Trading Scheme (ETS), emissions of over 12,000 between airlines, factories and power plants will be capped, requiring them t
Read moreRecent airline sell-off could limit fallout from Icelandic volcano - Cantor
20th Aug 2014 13:19
The European listed airline and travel sector is likely to be weak on the back of potential flight disruption from volcanic activity in Iceland, according to analyst Robin Byde from Cantor Fitzgerald, but the recent sector sell-off means there will not be much altitude lost. His comments came after
Read moreLondon midday: Stocks erase losses to trade flat amid geopolitical developments
12th Aug 2014 12:10
- Markets trim losses to finish flat - Geopolitics in focus with aid on its way to Ukraine - German ZEW survey disappoints - Prudential, Just Eat, Ladbrokes and Serco rise after results techMARK 2,726.95 -0.02% FTSE 100 6,630.32 -0.04% FTSE 250 15,498.56 +0.24% UK stocks had clawed back losses and
Read moreLondon close: FTSE ends higher as investor sentiment improves
11th Aug 2014 16:59
- FTSE closes up 65.46 at 6,632.82 - Geopolitical tensions ease, sentiment improves - UK home loans rise in June techMARK 2,727.40 +1.23% FTSE 100 6,632.82 +1.00% FTSE 250 15,460.73 +1.43% UK stocks registered a decent gain on Monday as investors took advantage of the bargains to be had following
Read moreFTSE 100 movers: Rio Tinto leads miners higher
11th Aug 2014 16:32
The mining sector was performing well with heavyweights such as Rio Tinto, Glencore and Anglo American making gains. Rio was supported by comments from Canaccord Genuity, which repeated its 'buy' rating on the back of the miner's strong free cash flows in the first half. Centrica inched higher desp
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