Business and first class travel lift IAG's November traffic
4th Dec 2013 15:49
More first class and business travel drove an 8.4 per cent increase in traffic last month at the owner of British Airways and Spanish flag carrier Iberia. Premium traffic in November rose by 6.3%, underpinning the overall rise in traffic for the month, International Consolidated Airlines Group said
Read moreFTSE 100 movers: Miners and supermarkets push lower
2nd Dec 2013 15:42
Mining stocks were under pressure as commodity prices declined with precious metals peers Fresnillo and Randgold tracking gold and silver lower early on. As well, in a research note issued today analysts at Citi wrote that: "We remain underweight the gold and base metals stocks and our least favoure
Read moreBroker tips: Tesco, Petrofac, Airlines, De Le Rue
26th Nov 2013 11:42
Deutsche Bank has cut its target price for Tesco from 405p to 386p ahead of its third-quarter trading update next week, saying that like-for-like (LFL) trends have deteriorated. "We expect Q3 LfL trends to have deteriorated in most markets versus Q2, most notably in the UK, Thailand, Ireland and Ko
Read moreBroker snap: JPMorgan sees upside at IAG, easyJet and Ryanair
26th Nov 2013 10:11
JPMorgan Cazenove has maintained its 'overweight' rating for IAG, easyJet and Ryanair, saying that it sees 'respectable upside potential' for all three airline stocks on its new revised price targets. "Turning towards 2014, we expect to see renewed investor confidence in the low-cost carrier (LCC)
Read moreLondon close: FTSE 100 rises as investors celebrate Iran deal
25th Nov 2013 16:40
- Global indices continue to set new highs - P5+1 strikes deal with Iran over nuclear programme - Travel stocks rise, oil stocks fall techMARK 2,651.39 +0.35% FTSE 100 6,694.62 +0.30% FTSE 250 15,299.92 +0.74% UK financial markets on Monday celebrated the deal to limit Iran's nuclear activity with
Read moreSector movers: Oil stocks fall, travel companies rise after Iran deal
25th Nov 2013 16:22
A weekend deal to limit Iran's nuclear activity prompted a sharp fall in oil prices on Monday, sending oil and gas stocks into the red whilst sparking gains in the travel sector. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came to an interim agreement ov
Read moreFTSE 100 movers: Airlines climb on Iran deal and broker comments
25th Nov 2013 15:06
Airlines IAG and easyJet were both higher after oil prices went into decline following the deal with Iran which eased export sanctions for the latter and significantly lowered tensions in the Middle East. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came
Read moreLondon midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreBroker snap: Jefferies sees IAG trading at 15 per cent premium
25th Nov 2013 08:52
In a research note released on Monday morning analysts at Jefferies have heaped praise on the recent operational performance of International Airlines Group (IAG), highlighting the fact that the group has shown "meaningful, simultaneous, progress at BA, Iberia and Vueling". Iberia is the firm's Spa
Read moreLondon open: Markets welcome Iran deal, travel stocks jump
25th Nov 2013 08:25
- Markets hail Iran accord over nuclear programme - Oil companies slumps, travel stocks surge - Oil, gold prices drop after Iran deal techMARK 2,661.69 +0.74% FTSE 100 6,702.01 +0.42% FTSE 250 15,314.64 +0.84% UK markets headed higher on Monday morning as investors welcomed the deal over the weeke
Read moreMonday broker round-up UPDATE
25th Nov 2013 08:00
African Barrick Gold: Goldman Sachs ups target price from 110p to 140p, but still recommends selling. Alternative Asset Opps: Westhouse Securities initiates with a buy recommendation. Amino Technology: Northland Capital cuts target price from 110p to 100p and downgrades from buy to hold. Asian Pl
Read moreBroker tips: Aberdeen, IAG, AVEVA
18th Nov 2013 11:34
Daniel Stewart & Company said that Aberdeen Asset Management remains one of its favoured stocks in the financial sector following Monday's acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds. Analyst Simon Willis said: "We believe this is a very good deal for ADN and despite to
Read moreLondon midday: Aberdeen, financials lead markets higher
18th Nov 2013 11:34
- Aberdeen rockets after acquisition of SWIP, results - Petrofac plummets after cautious guidance - FOMC minutes and China reforms in focus techMARK 2,647.58 -0.06% FTSE 100 6,721.15 +0.41% FTSE 250 15,272.88 +0.17% After a subdued start, UK markets pushed into positive territory by Monday lunchti
Read moreBroker snap: UBS, Nomura lift target prices for IAG
18th Nov 2013 10:17
IAG's share price received a little boost on Monday morning as analysts at both UBS and Nomura raised their target prices for the stock following Friday's upgrade to 2015 guidance. At an investor day, the airline group said it is now targeting a €1.8bn operating profit in 2015, up 12.5% from its pr
Read moreLondon open: Stocks slip ahead of quiet day
18th Nov 2013 08:23
- Quiet day on the macro front - Capita, Severn Trent fall after CEO exits - Aberdeen jumps after annual results, acquisition - Petrofac slumps on cautious guidance techMARK 2,636.54 -0.48% FTSE 100 6,682.77 -0.16% FTSE 250 15,223.14 -0.15% Markets opened slightly lower on Monday morning as invest
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