IAG expected to stay firm on Iberia restructuring
23rd Jan 2013 11:50
International Consolidated Airlines Group (known as IAG) may ask its Spanish airline Iberia to stay firm on a tough cost-cutting programme. According to Spanish daily El Economista, IAG will provide a framework for Iberia to stay on course in a board meeting scheduled for Thursday. It is speculate
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreBroker tips: Meggitt, IAG, Unilever
21st Jan 2013 11:02
Shares in aerospace engineer Meggitt were weighed down on Monday morning by concerns that one of the group's products could be linked to the grounding of Boeing 787 Dreamliners. However, analysts at Jefferies gave the company the benefit of the doubt, saying that it's too early to point fingers. "
Read moreBroker snap: Credit Suisse upgrades IAG on hopes for Iberia
21st Jan 2013 09:59
Given the expected progress made by the Spanish airline Iberia, Credit Suisse has lifted its recommendation for parent company International Consolidated Airlines Group (known as IAG) from 'neutral' to 'outperform'. The broker estimates that IAG recorded an operating loss of €116m in 2012, with a €
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreLondon close: Stocks hold on to gains despite poor start on Wall Street
18th Jan 2013 16:49
- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreSnow storm across UK hits airline stocks
18th Jan 2013 16:25
Airline stocks were hampered by cancellations and delays on Friday as a blanket of snow spread across the UK. Airports, roads and railways have all been hit by the flurry of wintery weather, which prompted the Met Office to issue a rare 'red' warning earlier in the day for Wales and the west of Eng
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreFTSE 100 movers: Associated British Foods leads the way
17th Jan 2013 14:46
Associated British Foods and International Consolidated Airlines (IAG) were leading the race in the FTSE 100 group Friday. The former gained on the back of festive season trading results, posting a 10% rise in group revenue. The interim management statement for 16 weeks to January 5th showed busin
Read moreIAG's Iberia reportedly presented with offer from pilot's union Sepla
15th Jan 2013 14:14
The Spanish pilot's trade union, Sepla, has reportedly presented a proposal to help turn around Iberia, the Spanish airline group operating under International Consolidated Airlines Group (IAG), according to an article in www.Bolsamania.com, a key Spanish financial news website. Iberia pilots have
Read moreECHR judgement: BA violated employee's human rights
15th Jan 2013 10:01
The European Court of Human Rights has today issued a chamber judgement regarding British Airways employee Nadia Eweida's right to wear a cross visibly at work. The court held that by British Airways suspending Eweida for wearing the cross, there had been a violation of article 9 of the European Co
Read moreIberia pilots have their own plan for the struggling airline
14th Jan 2013 09:27
Spanish pilot trade union Sepla presented on Monday its own proposal to turn around Iberia, the Spanish airline operated under International Airlines Group (IAG), after considering that management's new proposal to restructure the company is worse than the initial plan. Sepla's proposal is separa
Read moreLondon close: Markets end the week with slight gains
11th Jan 2013 17:04
- Japan launches new stimulus package - Chinese inflation rises in December - Tullow misses production forecasts in 2012 UK stocks finished with slight gains on Friday on the back of plans for economic stimulus in Japan, as markets were able to shrug off some weakness in the mining sector. The F
Read moreFTSE 100 movers: IAG performs strongly after upgrade
11th Jan 2013 14:31
British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage. "We think that IAG could be the laggard most likely to outperform in 2013 sh
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