London close: Stocks finish on upbeat note
16th Apr 2014 16:59
- FTSE closes up 42.56 points at 6,584.17 - UK unemployment data drops to 6.9 per cent - US industrial production rises more than expected techMARK 2,651.59 +0.79% FTSE 100 6,584.17 +0.65% FTSE 250 15,745.98 +1.00% A strong finish to today's session put an end to the recent pattern of losses among
Read moreHSBC sees 'buying opportunity' in IAG
16th Apr 2014 15:02
International Consolidated Airlines gained as HSBC Holdings upgraded the parent of British Airways to 'overweight' from 'neutral', saying it sees strong earnings momentum in 2014 and 2015. The broker sees recent weakness in the share price as a buying opportunity. As of 15:05 shares of the company
Read moreFTSE 100 movers: Sports Direct regains recent lost ground
16th Apr 2014 13:45
Sports Direct, IAG and Ashtead have all been under heavy selling pressure over the past week as investors took profits following some impressive gains over the last year. These stocks, however, were performing well today with Sports Direct the stand-out performer, rising more than 6% after Bank of
Read moreLondon midday: Sports Direct, Burberry and Tesco lead markets higher
16th Apr 2014 11:30
- Sports Direct gains as momentum stocks recovery - Tesco, Burberry and Persimmon impress with results - UK unemployment declines, China data mixed - Ukraine crisis escalates techMARK 2,642.64 +0.45% FTSE 100 6,562.09 +0.31% FTSE 250 15,694.83 +0.67% A recovery by so-called 'momentum' stocks and a
Read moreLondon open: Stocks bounce off three-week low as Tesco gains
16th Apr 2014 08:42
- Tesco, Hargreaves, Burberry and Persimmon rise after updates - Momentum shares bounce back after recent falls - Chinese data mixed, growth slows - Global economic data in focus today techMARK 2,648.70 +0.68% FTSE 100 6,577.56 +0.55% FTSE 250 15,701.67 +0.71% UK stocks rose strongly on Wednesday
Read moreLondon midday: Sell-off continues on Ukraine crisis, but defensives gain
14th Apr 2014 11:40
- Ukraine calls on pro-Russian radicals to lay down arms - Defensive stocks, consumer staples rise as risk appetite falls - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,627.27 -1.60% FTSE 100 6,540.54 -0.32% FTSE 250 15,638.88 -1.63% UK markets picked up where they left off on M
Read moreLondon open: Stocks at three-week low as Ukraine tensions rise
14th Apr 2014 08:35
- Ukraine tensions rise as deadline passes - Ukraine calls on pro-Russian radicals to lay down arms - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,649.91 -0.75% FTSE 100 6,546.34 -0.23% FTSE 250 15,806.60 -0.58% UK markets got off to a subdued start on Monday morning as stocks p
Read moreLondon close: FTSE ends week on sour note as stocks plunge
11th Apr 2014 16:59
- FTSE ends 80.27 lower at 6,561.70 - Traders may be squaring books ahead of holidays - Poor weather hits Feb UK construction - Osborne says economic recovery vindicates his approach - MPs to move ahead with proposals for all-female short-lists techMARK 2,670.02 -1.82% FTSE 100 6,561.70 -1.21% FTSE
Read moreFTSE 100 movers: Fresnillo escapes the storm after JP Morgan hikes target
11th Apr 2014 14:56
JPMorgan Cazenove has lifted its price target for Fresnillo from 965p to 1,030p and kept an 'overweight' rating, saying it continues to favour the Mexican precious metals producer over sector peer Hochschild ('neutral'). "We estimate Fresnillo should continue to enjoy lower average costs, aided by
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
Read moreIAG boss hits back at criticism of airline sector profits
11th Apr 2014 11:21
International Consolidated Airlines (IAG) boss Willie Walsh has slammed claims that carriers flying over the Atlantic are making money 'hand over fist'. The head of the parent company of British Airways insisted on Thursday that the airline industry was not "hugely profitable". "The airline indust
Read moreEaster to have negative impact on airlines' yields, says UBS
7th Apr 2014 10:20
The impact of Easter on yields at European airlines is likely to be negative, according to analysts at UBS. Yields are typically calculated by dividing passenger revenue by revenue passenger miles. "North Atlantic yield development shows negative growth in April while February, March and May is e
Read moreIAG carries more passengers in March but load factor falls
3rd Apr 2014 15:30
International Consolidated Airline Group (IAG) said it carried 4.2 per cent more passengers in March to 5.68m compared to the same month a year ago. The load factor, which measures the number of passengers to number of seats, fell 2.2 percentage points to 77.6%. In the year-to-date passengers num
Read moreLondon close: Markets may be underestimating deflation risks in euro area
2nd Apr 2014 17:15
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake techMARK 2,782.92 -0.04% FTSE 100 6,659.04 +0.10% FTSE 250 16,415.96 +0.05% The Footsie ended the day slightly in the blue after the release of largely in-line data on US manufacturing orders alongside a sli
Read moreIAG rises on upbeat air freight statistics
2nd Apr 2014 16:57
International Consolidated Airlines Group (IAG) rose strongly on Wednesday on the back of a report from the International Air Transport Association (IATA) which revealed a 2.9 per cent month-on-month increase in demand for global air freight. Overall, demand in the first two months of the year inc
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