London close: Investors concentrate on Bernanke's words
10th Apr 2013 17:11
UK equities finished Wednesday close to their best levels of the day despite the pre-release of the minutes of the Federal Reserve Open Market Committee's (FOMC) last rate setting meeting, which at first glance seemed to show US monetary policy makers taking another step closer to quantitative easin
Read moreFTSE 100 movers: Miners rise on Chinese hopes
10th Apr 2013 15:26
Mining stocks were on the up on hopes over Chinese domestic demand with Vedanta, EVRAZ, ENRC and Rio Tinto making decent gains. Vedanta was leading the way after reporting an increase in full-year production across oil and gas, copper, aluminium, lead and silver. Budget airline easyJet surged earl
Read moreLondon midday: Stocks boosted by stimulus hopes, Chinese imports
10th Apr 2013 11:37
Optimism regarding central-bank stimulus was driving gains on stock markets on Wednesday morning following recent comments from Japan and ahead of an announcement from the Federal Reserve later today. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a stro
Read moreBroker tips: IAG, easyJet, AZ Electronic Materials
10th Apr 2013 10:38
Credit Suisse has reiterated its 'outperform' rating and 295p target price for British Airways and Iberia owner IAG after Vueling's board recommended its 9.25 euros-per-share offer. "Following recent restructuring progress with Iberia staff, the acquisition of Barcelona-based Vueling would represen
Read moreBroker snap: Credit Suisse upbeat about Vueling deal at IAG
10th Apr 2013 09:46
Credit Suisse has reiterated its 'outperform' rating and 295p target price for British Airways and Iberia owner IAG after Vueling's board recommended its 9.25 euros-per-share offer. "Following recent restructuring progress with Iberia staff, the acquisition of Barcelona-based Vueling would represen
Read moreLondon open: Chinese demand hopes drive markets higher early on
10th Apr 2013 08:20
Stocks started Wednesday's session with decent gains, tracking Asian markets higher after on the back of optimism regarding central-bank stimulus. Investors were shrugging off a surprise trade deficit in China in March, as the data showed a strong rebound in imports. Export growth, however, was wea
Read moreLondon midday: Stocks gains ahead of US earnings season
8th Apr 2013 11:46
UK stocks were making gains on Monday morning, rebounding after a steep sell-off on Friday, as investors showed optimism ahead of the new US earnings season which kicks off later this evening. Stock futures on Wall Street are pointing to a positive start when the opening bell rings in a few hours'
Read moreLondon open: Markets rebound after US jobs-related sell-off
8th Apr 2013 08:27
Despite renewed political uncertainty in the Eurozone this weekend, stocks in London started Monday's session broadly higher, rebounding after a heavy sell-off on Friday following a disappointing US employment report. American non-farm payrolls increased by just 88,000 in March, the lowest rise in
Read moreLondon close: Markets hammered by fears over US labour market
5th Apr 2013 17:03
A lacklustre US employment report resulted in a market sell-off across global indices on Friday afternoon as the American economy added much fewer jobs than expected in March. Market Analyst Craig Erlam from Alpari said that the optimism surrounding the US recovery "has been shattered in the space
Read moreLondon midday: Stocks tank as eyes turn to US jobs data
5th Apr 2013 11:28
Stocks across Europe were under heavy selling pressure on Friday morning as traders refrained from building positions ahead of the all-important employment report due out Stateside this afternoon. "We're seeing a lot of caution in the markets on Friday, ahead of what is expected to be a disappointi
Read moreTravel-sector stocks fall on China bird flu outbreak
5th Apr 2013 08:50
Travel-sector stocks fell in early Friday trading as fears were raised that a bird flu outbreak in China would stifle air travel demand. Shares in Chinese airlines declined the most in nearly four years following news six people died of the H7N9 bird flu virus. The deaths accounted for more than
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreLondon open: Markets nervous ahead of US jobs data
5th Apr 2013 08:27
Markets declined on Friday morning, despite relative strength in the mining sector, as traders refrained from building positions ahead of the key risk event of the day - the US employment report. The market reaction to the non-farm payrolls figure will be interesting to see, given the somewhat disa
Read moreIAG's revised offer for Vueling gets regulatory approval
4th Apr 2013 11:55
International Airlines Group (IAG) has received regulatory approval for its revised offer for Spanish carrier Vueling. The parent company of British Airways said on Thursday it was given the green light from Spain's National Securities Market Commission. The revised offer is for €9.25 per share
Read moreLondon midday: Markets flat as BoE holds fire, traders await ECB
4th Apr 2013 11:19
The FTSE 100 was little changed by Thursday lunchtime as the Bank of England (BoE) voted to monetary policy on hold, as all eyes turn to the European Central Bank (ECB) ahead of its policy decision in the coming hours. Traders also had to digest a number of mixed economic indicators this morning, w
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