London close: Flat finish for FTSE in data heavy session
28th Feb 2014 16:30
- FTSE closes flat, down 28 points on the week - Feb UK house prices climb - UK consumer confidence at six-year high - Eurozone's unemployment unchanged at 12 per cent techMARK 2,904.71 +0.09% FTSE 100 6,809.70 -0.01% FTSE 250 16,726.00 +1.23% UK stocks ended the final session of the week flat as
Read moreFTSE 100 movers: Old Mutual climbs on strong 2013 performance
28th Feb 2014 15:03
Financial services group Old Mutual climbed after revealing that its underlying activities had performed strongly in 2013. Old Mutual, which owns pension provider Skandia, unveiled adjusted operating profit of £1.6bn, similar to last year in reported currency but up 15% at constant currency. Mon
Read moreBroker tips: William Hill, Kazhakmys, IAG
28th Feb 2014 12:23
Daniel Stewart has maintained its "buy" stance on shares in gambling company William Hill despite a fall in annual pre-tax profit of six per cent to £257m. The broker trimmed its target price to 500p from 555p on the back of an 8% cut in forecasts in 2014 earnings before interest, tax, depreciation
Read moreLondon midday: Euro and sterling spike higher after Eurozone CPI data
28th Feb 2014 11:48
- Eurozone CPI above forecasts - Euro and sterling spring higher - ECB policy move still expected by some techMARK 2,897.87 -0.15% FTSE 100 6,791.71 -0.27% FTSE 250 16,585.42 +0.38% Stocks are holding slightly in negative territory as investors digest a surprisingly solid reading on Eurozone consu
Read moreBrokers advise investors to buy IAG after FY results
28th Feb 2014 11:41
Liberum Capital said Iberia and British Airways owner International Consolidated Airlines Group (IAG) is on course to hit "stretching" targets. IAG on Friday said the acquisition of Spanish budget carrier Vueling, an overhaul of Iberia and improved revenue at BA had led to an annual operating profi
Read moreLondon open: FTSE surprises with retreat early on
28th Feb 2014 08:25
- Feb Consumer Confidence holds steady - House prices rise at fastest rate in nearly four years - Yellen comments send S&P 500 to record high techMARK 2,904.42 +0.08% FTSE 100 6,808.29 -0.03% FTSE 250 16,595.16 +0.44% The FTSE ignored record gains in the US to inch lower early on, as investors gea
Read moreBA and Iberia owner IAG returns to annual profit
28th Feb 2014 07:00
The owner of Spanish flag carrier Iberia and British Airways, International Airlines Group (IAG), hailed the success of its turnaround strategy as it returned to annual profit. IAG said the acquisition of Spanish budget carrier Vueling, an overhaul of Iberia and improved revenue at BA had led to an
Read moreLondon pre-open: Yellen comments to boost FTSE ahead of busy session
28th Feb 2014 06:30
- Yellen comments send S&P 500 to record high - Feb Consumer Confidence holds steady - "Big six" ordered to return customer credit At the opening bell of what is set to be another busy day for markets both at home and abroad, UK stocks are expected to move higher early on. Boosted by a strong f
Read moreFTSE 100 movers: Tesco marked down by analysts
26th Feb 2014 14:35
Engineering solutions provider Weir soared to the top of the risers today after it posted an in-line set of full-year results, as a positive performance by the Minerals division helped to offset an otherwise "challenging" year for the group. Looking ahead, the company believes it will return to unde
Read moreSector movers: Telecom stocks rise while aerospace falls
17th Feb 2014 15:18
Vodafone led telecom stocks higher on Monday as the operator achieved a 500,000 customer milestone following the launch of 4G six months ago. Sector peer Telecom Plus gained after saying it will increase its annual dividend by 13% to 35p as the utility services provider is confident of achieving pr
Read moreFriday broker round-up UPDATE
14th Feb 2014 10:26
Assura Group: Liberum Capital shifts target price from 44p to 44.40p and retains a buy recommendation. Barclays: Credit Suisse lowers target price from 270p to 260p and keeps a neutral rating. Bellway: Panmure Gordon raises target price from 1520p to 1639p and maintains a buy recommendation. UBS i
Read moreLiberum says Iberia's deal with pilots positive for IAG
13th Feb 2014 15:53
Broker Liberum Capital has given the thumbs-up to a restructuring deal agreed between Spanish carrier Iberia, which is owned by International Airlines Group, and its pilots. Liberum said the agreement between Iberia and pilots' union SEPLA was positive and should end a series of industrial relation
Read moreIAG subsidiary Iberia reaches agreement with pilots' union
13th Feb 2014 10:41
International Airlines Group announced that its Spanish subsidiary Iberia has reached an agreement, in principle, with its pilots' union SEPLA, to introduce permanent structural change and improve the airline's viability. -- More to follow -- AB
Read moreLondon close: Diageo leads markets lower after choppy session
30th Jan 2014 17:00
- Diageo slumps after H1 miss, BSkyB jumps - Economic data comes in mixed - Fed cuts monthly asset purchases by 10bn dollars - Emerging-market volatility continues to weigh on sentiment techMARK 2,780.43 +0.45% FTSE 100 6,538.45 -0.09% FTSE 250 15,701.80 +0.09% UK markets finished slightly lower o
Read moreFTSE 100 movers: BSkyB jumps on strong H1 revenue
30th Jan 2014 14:15
Satellite broadcaster BSkyB was in the lead after an eight per cent rise in revenue in the first half, helped by strong growth in paid-for subscription products. The group said revenue in the six months to December 31st rose to £3.75bn as sales of paid-for subscription products rose 42% during the
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