London close: Markets extend winning streak despite Fed concerns
13th May 2013 17:04
The FTSE 100 finished with slight gains on Monday, extending the recent winning streak into its eighth day, as markets shrugged off concerns over stimulus measures in the US and disappointing economic data in China. Following a strong rise last week, London's benchmark index reached a closing price
Read moreFTSE 100 movers: G4S in top spot after G8 contract win
13th May 2013 15:23
G4S leapt into the top spot after winning a deal to provide security at the two day Northern Ireland G8 Summit in June. It will provide 450 staff members to give support to the police. Antofagasta was another strong riser, erasing some of last week's losses after Nomura said it was one of several m
Read moreLondon midday: Stocks snap winning streak as Chinese data disappoints
13th May 2013 11:51
Disappointing economic data from China on Monday put an end to a seven-day winning streak in London which lifted the FTSE 100 to a five-and-a-half-year high last week. London's benchmark index reached a closing price of 6,625 on Friday afternoon, a level not seen since late 2007, meaning that it ha
Read moreBroker tips: IAG, Rank, Lonmin
13th May 2013 11:49
UBS has hiked its target price for airline group IAG from 285p to 310p and kept its 'buy' rating for the stock, saying that the risk to consensus estimates continues to be on the upside. The broker reckons that consensus forecasts do not yet reflect the acquisition of an additional 44.66% stake in
Read moreBroker snap: UBS sees more upside at IAG
13th May 2013 09:34
UBS has hiked its target price for airline group IAG from 285p to 310p and kept its 'buy' rating for the stock, saying that the risk to consensus estimates continues to be on the upside. First-quarter results from IAG released last week were broadly in line with the broker's expectations excluding
Read moreLondon midday: All eyes on Bernanke and G7
10th May 2013 11:32
UK equities are now registering moderate gains and near their best levels of the day, buoyed by another rise in risk appetite which seemed to take its cue from the sharp move lower in the Japanese Yen overnight. Some investors attributed that move in foreign exchange markets to cautious comments ou
Read moreLondon open: Now it´s Japan´s turn
10th May 2013 08:27
The UK market opened with moderate gains on Friday morning, after a breakout - overnight - by the Japanese Yen, in its cross against the US dollar, apparently stoked risk appetite in capital markets globally. More important perhaps, that move in FX markets is a reflection of the relative fundamental
Read moreLondon pre-open: Stocks to edge higher ahead of balance of trade report
10th May 2013 07:22
City sources predict the FTSE 100 will open up seven points from yesterday's close of 6,593, and as such largely ignoring declines seen in the US last night ahead of today's balance of trade reading. Thursday saw the dollar surpass the 100 Japanese yen mark - something that has not happened in four
Read moreIAG widens first quarter losses as it restructures Iberia
10th May 2013 07:04
International Consolidated Airlines Group (IAG) widened its first quarter losses reflecting the costs of restructuring its Spanish carrier Iberia. The parent company of British Airways reported an operating loss of €278m, before exceptional items, up from the previous year's €249m loss. IAG bla
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreLondon close: FTSE 100 jumps two per cent on stimulus hopes
23rd Apr 2013 16:59
Markets on the whole shrugged off disappointing data from the Chinese manufacturing sector on Tuesday, as decent corporate earnings and stimulus hopes in Europe pushed the FTSE 100 two per cent higher. The Markit Eurozone composite purchasing managers' index (PMI) released this morning was unchange
Read moreFTSE 100 movers: ARM rises on strong quarterly rise
23rd Apr 2013 15:21
Shares in chip designer ARM Holdings leapt after it reported strong quarterly revenue and earnings growth, fuelled by licensing and record royalty revenue and said it expects full year results to be at least in line with current market expectations. Also on the up was Associated British Foods, whi
Read moreInternational Con Airlines acquires a further stake in Vueling
23rd Apr 2013 12:27
International Consolidated Airlines Group (IAG) said Tuesday that it has increased its stake in Vueling, the Spanish low cost carrier based in Barcelona, to 90.51 per cent after its shareholders accepted the recommendation of the Vueling board. IAG's subsidiary Iberia already owns 45.85% of Vuelin
Read moreLondon midday: ARM leads markets higher after strong first quarter
23rd Apr 2013 11:31
The UK stock market was making decent gains by Tuesday lunchtime as strong performances from ARM Holdings, AB Foods and IAG helped to offset some weakness in the mining sector. Sentiment was lifted this morning as gloomy economic data from the Eurozone sparked speculation that it could open the doo
Read moreIAG's British Airways orders new Airbus A350 aircraft
23rd Apr 2013 10:39
International Airlines Group (IAG) has ordered 18 new Airbus A350 aircraft for its subsidiary British Airways(BA). The move is part of the company's plan to phase out a fleet of 30 Boeing planes over the next 10 years. The $1.6bn deal allows for an option for an additional 18 A350 aircraft. IAG pl
Read more