Tuesday newspaper round-up: Cyprus, RBS, Heathrow...
12th Feb 2013 07:03
Cyprus is likely to receive its long-awaited eurozone bailout by the end of March, according to the European Central Bank executive Jörg Asmussen, pictured. Cyprus is hoping to secure a 17.5bn euros (14.8bn pounds) bailout from other European member states, but some German politicians have been hesi
Read moreLondon close: Stocks finish higher after decent economic data
8th Feb 2013 17:04
The FTSE 100 finished strongly on Friday afternoon as better-than-expected economic data from across the globe offset yesterday's gloomy comments from Mario Draghi which sparked a sell-off. Markets across Europe suffered steep falls on Thursday - London's FTSE 100 dropped 1.06% - after European Cen
Read moreFTSE 100 movers: Aggreko rises on upgrade
8th Feb 2013 15:22
Temporary power and temperature controls firm Aggreko was higher today after HSBC upgraded the stock to 'neutral'. There was also some 'market chatter' speculating that Aggreko could be a bid target for ABB. Engineering group Weir was also on the up after UBS raised its target price from 2,000p to
Read moreIAG dominance under spotlight as American Airlines and US Airways merger speculation heats up
7th Feb 2013 17:12
Speculation was mounting on Thursday afternoon after multiple news agencies claimed that a merger agreement could be fast approaching for bankrupt US carrier, American Airlines and US Airways. The Wall Street Journal, Bloomberg and Reuters all published articles claiming negotiation talks between m
Read moreFTSE 100 movers: Compass rises on strong first quarter
7th Feb 2013 14:58
Contract caterer Compass was a high riser after having a good first quarter with expectations for the full year unchanged as its North America and emerging market business segments performing strongly. Telecoms group Vodafone rose despite posting a 1.8% drop in revenue for the last three months of
Read moreIberia reacts to strike threat as talks fail
7th Feb 2013 09:40
Iberia, the Spanish airline operated by International Consolidated Airlines Group (otherwise known as IAG), has deemed the strikes convoked by labour unions to be excessive and an intolerable threat to the company, its customers, and society. The airline has reacted to the labour unions' decision
Read moreLondon close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreIberia trade union rejects restructuring proposal; IAG board convenes
1st Feb 2013 15:14
Union General de Trabajadores (UGT), the trade union representing members of staff at Spanish airline Iberia, has rejected a final package of cuts aimed at bringing the ailing airline into a profitable position. A spokesman from the Iberia press office in Spain told ShareCast that a meeting had bee
Read moreIAG plans to replace European flights with Vueling services
28th Jan 2013 09:23
Low-cost airline Vueling is reportedly set to take over many of the European flights operated by British Airways and Iberia. International Airlines Group (IAG), which was formed through the merger of British Airways and Iberia in 2011, plans to cut costs by using Vueling for short-haul services in
Read moreLondon close: Markets shrug off poor GDP to finish higher
25th Jan 2013 16:25
The FTSE 100 managed to finish the last session of the weak with small gains as traders shrugged off this morning's disappointing UK growth figures. "Weak UK GDP data for Q4 failed to temper enthusiasm for risk as the FTSE pushed on again, though end of week profit-taking has put a cap on gains thi
Read moreFTSE 100 movers: Miners take a hit
25th Jan 2013 15:21
Miners tracked metal prices lower, with ENRC, Randgold, Evraz, Kazakhmys, Rio Tinto and BHP Billiton all making to top 10 biggest fallers. Risk appetite was dampened by the news that the UK economy contracted by 0.3% during the fourth quarter of 2012, worse then the 0.1% GDP decline forecasted. M
Read moreLondon midday: Markets flat despite disappointing GDP figures
25th Jan 2013 11:42
The FTSE 100 was broadly unchanged by Friday lunchtime, shrugging off a disappointing reading of UK gross domestic product (GDP) growth, as the index was able to hold on to four-and-a-half-year highs. London's benchmark index surged by over one per cent on Thursday following some better-than-expect
Read moreLondon open: Stocks flat ahead of UK GDP data
25th Jan 2013 08:39
The FTSE 100 opened broadly flat on Friday morning as traders became nervous ahead of a fourth-quarter reading of UK gross domestic product (GDP) growth in the UK. "European markets opened cautiously today as a lack of corporate data due today provided bulls with an excuse to take profits amidst so
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreLondon close: Footsie jumps one per cent as economic data impresses
24th Jan 2013 17:09
Better-than-expected economic data lifted the FTSE 100 over one per cent higher on Thursday afternoon, as markets shrugged off disappointing results from the world's largest technology company, Apple. American jobless claims and a US manufacturing survey from Markit came in better than forecasts to
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