IAG CEO says all group units profitable in 2014
22nd Oct 2013 14:28
International Consolidated Airlines (IAG) will be profitable across the group in 2014, according to Chief Executive Willie Walsh. Addressing an industry conference in London on Tuesday, Walsh said beleaguered Iberia would return to profits next year and was on the road to recovery, after a demand
Read moreLufthansa guidance disappoints, weighs on peers - UPDATE
22nd Oct 2013 12:33
Profits guidance from German airliner Deutsche Lufthansa has disappointed analysts due to higher costs from its Score restructuring programme, dragging down European airline stocks. For full year 2013 the DAX-listed company forecasted an operating profit of between €600m to €700m, which was well be
Read moreFriday newspaper round-up: Royal Mail, Technology, Twitter
4th Oct 2013 07:19
The City is getting behind the flotation of the Royal Mail as latest quotes from bookmakers in the Square Mile suggest shares in the privatising postal network will soar on their debut. Panmure Gordon became the first City stockbroker to come out with an official view on Royal Mail's prospects. Its
Read moreLondon open: Stocks fall as caution sets in ahead of data
27th Sep 2013 08:47
Markets opened lower on Friday morning following a choppy week as traders choose to head into the weekend with caution ahead of a barrage of economic data from the Eurozone and US later on. Eurozone economic confidence is expected to record a reading of 96 in September from 95.2 last month, accordi
Read moreIAG boss attacks government over Chinese tourism policy
23rd Sep 2013 14:10
International Consolidated Airlines Group (IAG) boss Willie Walsh has slammed the UK government over its "unwelcoming" policy on Chinese tourism. The Chief Executive of the parent company of British Airways said the UK's current policy, which requires China to pay for a visa to visit the nation, r
Read moreLondon close: Stocks at six-week high despite subdued finish
16th Sep 2013 16:30
UK stocks registered decent gains on Monday as markets reacted positively to the withdrawal of Larry Summers from the candidacy to head the Federal Reserve, though investors turned more cautious towards the end of the session. Gains were trimmed slightly in afternoon trade on reports of a shooting
Read moreLondon midday: FTSE 100 at six-week high after Summers' withdrawal
16th Sep 2013 11:30
News that Larry Summers has dropped out of the running for Federal Reserve Chairman gave market sentiment a boost on Monday morning while concerns over Syria eased. London's FTSE 100 surged to a six-week high of around 6,639 today - the last time the index closed higher was on August 2nd when it en
Read moreLondon open: Stocks jump ahead of Fed, Syria concerns ease
16th Sep 2013 08:29
Markets opened strongly on Monday morning as eyes begin to turn to the Federal Reserve ahead of its all-important policy meeting this week while concerns about Syria eased. The Federal Open Market Committee's two-day meeting is due to come to a close on Wednesday and will likely be one of the most
Read moreLondon open: Stocks flat as focus turns to Fed meeting
12th Sep 2013 08:19
UK markets paused at a one-month high on Thursday morning as easing fears over Syria gave investors the chance to focus on the upcoming policy meeting at the Federal Reserve. Traders were also showing caution ahead of speeches from Bank of England Governor Mark Carney as he testifies to the Treasur
Read moreLondon close: Stocks jump to four-week high as Syria concerns ease
10th Sep 2013 16:40
The FTSE 100 jumped to a four-week high on Tuesday as investors' fears of an impending US military strike on Syria eased and the economic outlook for China improved. London's benchmark index finished 53.25 points higher at 6,583.99, a gain of 0.82%; the last time it closed higher was on August 14th
Read moreFTSE 100 movers: easyJet leaps on CEO interview
10th Sep 2013 14:39
easyJet shares are firmly on the rise, extending yesterday's gain of around one per cent. The company has said it's geared up to take on other low-cost airlines across Europe, saying it expects other airlines will have difficulty in embracing a no-frills style. It said the loss of as many as 86m sho
Read moreLondon midday: FTSE 100 nears one-month high
10th Sep 2013 11:39
Receding fears about a potential US military strike on Syria and decent data from China lifted UK stocks on Thursday morning, with the FTSE 100 rising to levels not seen in nearly a month. London's benchmark index was up 0.8% at 6,581.91 by midday; the last time it closed higher was on August 14th
Read moreLondon open: Stocks rise on Syria developments, China data
10th Sep 2013 08:39
Stocks jumped strongly on Tuesday morning following a decent finish on Wall Street the night before on the back of easing concerns about a potential US strike on Syria. US benchmarks rose by an average 1% on Monday after Russian Foreign Minister Sergei Lavrov urged Syria to place any chemical weapo
Read moreLondon midday: Markets rangebound ahead of US jobs report
6th Sep 2013 11:29
The FTSE 100 was rangebound on Friday morning as traders scaled back their appetite for risk ahead of the US jobs report due out this afternoon. London's benchmark index was trading far off Thursday's close of 6,532.4 with just 21 points separating its intraday low (6,520) and high (6,541). "We'r
Read moreLondon open: Stocks fall as investors await US non-farm payrolls
6th Sep 2013 08:23
Stocks opened broadly lower on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon, seen as a deciding factor in the Federal Reserve's impending withdrawal of stimulus. US data released Thursday threw more weight behind t
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