Tuesday newspaper round-up: IAG, Lloyds, Funding for Lending...
12th Mar 2013 06:43
The Independent says that British Airways owner International Airlines Group (IAG) won a major battle with labour unions yesterday, ending the threat of industrial action at its Spanish unit Iberia with an agreement that will save it 250m euros per annum. IAG has accepted a Spanish government mediat
Read moreLondon midday: Markets cautious after mixed economic data
11th Mar 2013 11:46
The FTSE 100 was trading within a narrow range on Monday morning as traders remained cautious following a barrage of mixed economic data over the past few days. With indices across the globe trading at (or close to) record highs, markets are appearing to pause for breath after a strong run so far t
Read moreLondon open: Italian downgrade weighs on markets early on
11th Mar 2013 08:37
UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an inconclusive election. Fitch downgraded Italy to 'BBB+' from 'A-' and kept the outlook at 'negative', saying that last month's elections make it unl
Read moreLondon pre-open: FTSE to start week flat
11th Mar 2013 07:31
City sources predict the FTSE 100 will open unchanged from Friday's close of 6,484, ahead of GDP releases in various small - but crisis prone - periphery economies such as Cyprus and Greece. Also on the agenda today is the German balance of trade reading and RPI, as well as the country's current a
Read moreIAG accepts mediator's proposal for Iberia
11th Mar 2013 07:02
International Airlines Group has issued a statement saying that it has opted to accept a proposal put forth by a mediator regarding its Spanish airline division Iberia. The statement read: "The board of International Airlines Group has met today in an extraordinary session to analyse and assess the
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreBroker tips: Anglo American, Weir, IAG
4th Mar 2013 12:55
Markets seem to be getting ahead of themselves with regards to Anglo American, analysts at Nomura write this morning. In particular, optimism regarding the incoming new Chief Executive Officer, Mark Cutifani, on April 3rd, has seen the shares rise to the point where investors are now paying approxi
Read moreBroker Snap: Credit Suisse raises target price on IAG
4th Mar 2013 11:56
A four-strong team of research analysts at Credit Suisse have increased their target price for International Airlines Group (IAG) and given the global airline group an "outperform" rating. The analysts raised their target price to 295p from 259p saying that reasons for optimism were multiplying. T
Read moreIberia faces more strikes as mediator makes the rounds
4th Mar 2013 11:21
Iberia, the Spanish airline operated under International Airlines Group (IAG), is set to face a second week of labour strikes. Pilot trade union Sepla has joined cabin crew and land personnel trade unions for a five-day round of strikes after the latter two carried out a first round of strikes on
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreFriday newspaper round-up: Chinese manufacturing, Sequester, WIlliam Hill...
1st Mar 2013 06:50
China's manufacturing sector grew more slowly in February, according to a survey that suggests the country's recovery could be slackening. The official purchasing managers' index dipped to 50.1 from 50.4 in January, data on Friday showed. It was the fifth consecutive month above the midpoint of 50,
Read moreLondon close: Stocks gain as US economic data impresses
28th Feb 2013 16:23
An upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe. Concerns about a recession in the States proved premature, as the initial estimate of a 0.1% contraction in U
Read moreFTSE 100 movers: Kazakhmys in red on plans to slash divi
28th Feb 2013 15:21
Copper giant Kazakhmys was the worst performer of the day after saying that it would be slashing its dividend for 2012 to reflect falling profits. The company also said that its CFO would step down in May, when its Chairman is also due to retire. UK lender RBS slumped in morning trade despite core
Read moreLondon midday: RBS, miners limit gains on the Footsie
28th Feb 2013 11:45
Markets were lifted higher on Thursday morning by upbeat comments about central bank stimulus, though heavy losses from RBS and a number of miners were limiting gains for the FTSE 100. Speaking to Senate's Banking Committee on Capitol Hill over the last two days, US Federal Reserve Chairman Ben Ber
Read moreBroker tips: RBS, IAG, Howden
28th Feb 2013 10:59
Nomura has reiterated its 'reduce' recommendation and 300p target price for UK lender Royal Bank of Scotland (RBS), citing a decline of earnings power. Shares are trading at 9.2 times current Core EPS, improving to 8.2 times by 2014. "Given that we still see non-core headwinds for the group in 2014
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