London open: Markets cautious ahead of central bank meetings
4th Apr 2013 08:45
Markets opened slightly lower in London on Thursday despite a much-welcome boost for the Japanese economy announced overnight, as investors kept their powder dry ahead of policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) this afternoon. The Bank of Japan (BoJ) anno
Read moreLondon pre-open: Flat started expected on FTSE
4th Apr 2013 07:32
City sources predict the FTSE 100 will open up unchanged from yesterday's close of 6,420, ahead of the release of macro-economic data in the UK and Europe including purchasing managers' index (PMI) results and interest rate decisions. The UK PMI Services index for March is expected to fall to 51.
Read moreIAG puts in order for Boeing's grounded 787 Dreamliners
4th Apr 2013 07:13
International Airlines Group (IAG) announced Thursday it has signed a deal for 18 of Boeing's 787 Dreamliners. The agreement shows a sign of faith in the aircraft which has been grounded since January due to battery problems. IAG will replace some of the existing fleet of Boeing 747-400s for subs
Read moreThursday newspaper round-up: Bank of Japan, Barclays, IAG...
4th Apr 2013 06:44
The Bank of Japan overnight said it would double its monetary base over the next two years through the aggressive purchase of long-term bonds, 'in a bold policy aimed at ridding Japan of the deflation that has dogged the country for almost two decades', according to the Financial Times. The Central
Read moreSunday share tips: Babcock, IAG, Aberdeen Asset Management
31st Mar 2013 16:11
Last Thursday shares of engineering and outsourcing giant Babcock International hit roughly twice their level of five years ago. The company - whose businesses span everything from baggage handling at Heathrow airport to building frigates for the Royal Navy - is humming, bolstered by orders from bot
Read moreLondon close: Stocks weighed down by Eurozone concerns
27th Mar 2013 17:31
Political wrangling in Italy and uncertainty in Cyprus resulted in a volatile day for London's FTSE 100 index on Wednesday, though stocks bounced well off their lows in afternoon trade. The Footsie dropped to an intraday low of 6,344 at midday, but had recovered to 6,388 by the close, tracking a sl
Read moreIAG lifts bid for Vueling by a third
27th Mar 2013 16:26
Vueling, the Barcelona-headquartered budget airline that IAG wants to take full control of, saw shares surge in Madrid on Wednesday after the British Airways and Iberia owner raised its bid for the firm. The news came just hours after IAG announced the resignation of Iberia's Chief Executive Office
Read moreIAG's Iberia CEO steps down amid job cuts
27th Mar 2013 11:46
International Airlines Group (IAG) announced Wednesday the resignation of Rafael Sanchez-Lozano as Chief Executive Officer (CEO) of the company's Spanish subsidiary Iberia. He will be replaced by Luis Gallego, who is currently CEO of Iberia's arm Iberia Express. It comes amid a cost-cutting strat
Read moreLondon close: US sentiment data dampens stocks as traders take profits
15th Mar 2013 16:51
UK stocks finished the week on a dull note as disappointing data from the States and an ongoing summit of European leaders in Brussels dampened risk appetite in afternoon trade. Following a barrage of impressive US economic figures over recent weeks - especially from the labour market - sentiment w
Read moreFTSE 100 movers: IAG boosted by Morgan Stanley comments
15th Mar 2013 15:09
Airline group IAG was performing well today after Morgan Stanley upgraded its recommendation on the stock to 'overweight', while Aggreko received a boost by Deutsche Bank, which upped the shares to 'buy'. Chip designer ARM Holdings was also higher after Jefferies upgraded the stock from 'hold' to
Read moreLondon midday: Markets fall ahead of Eurozone meetings, US data
15th Mar 2013 11:47
Meetings in the Eurozone and a relatively quiet day on the corporate earnings calendar meant that the UK stock market was trading firmly in the red on Friday morning as traders booked profits after recent gains. The S&P 500 in New York finished just a couple of point shy of its all-time high on Thu
Read moreLondon open: Stocks flat as traders await details from EU summit
15th Mar 2013 08:29
UK stocks opened more or less flat on Friday morning as markets paused for breath after a strong rise the day before, with traders awaiting any developments at the European Union (EU) summit in Brussels. The S&P 500 finished just a couple of point shy of its all-time high on Thursday night as data
Read moreLondon close: Stocks gain as markets shrug off gloomy production data
12th Mar 2013 16:52
In spite of some dismal production data from the UK, the FTSE 100 finished Tuesday's session slightly higher as the benchmark index continues to set fresh five-year highs. Copper producer Antofagasta was providing a lift in London, rising on the back of its strong 2012 results, while IAG gained on
Read moreFTSE 100 movers: Copper miners bounce back
12th Mar 2013 15:36
Shares of copper miner Kazakhmys were dragged higher by improved market sentiment following peer Antofagasta´s full-year results out today. Worth noting, its stock has accumulated enormous losses year-to-date. LME copper futures are now up by just 0.23% at $7,758 per metric ton at the time of writin
Read moreLondon midday: Markets flat despite dismal UK production figures
12th Mar 2013 11:28
The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures. London's benchmark is continuing to hover around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial mark
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