London midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreBroker tips: Tullow, Schroders, IAG
11th Jan 2013 11:04
Investec has retained its 'sell' rating and 1,000p target price for oil giant Tullow following a production miss on Friday morning. The broker said: "This morning's trading update delivered disappointing production figures for Tullow and underlined our view that it may not attain production of 100,
Read moreBroker snap: UBS upgrades IAG to 'buy'
11th Jan 2013 08:53
British Airways and Iberia owner International Consolidated Airlines, otherwise known as IAG, was flying high on Friday morning after UBS upgraded its rating for the company from 'neutral' to 'buy' following the stock's underperformance last year. The shares rose 25% in 2012, but IAG was still the
Read moreLondon open: Markets cautious after Chinese inflation figures
11th Jan 2013 08:24
UK markets opened tentatively on Friday morning, making only slight gains as investors digested inflation data in China and economic stimulus in Japan. Chinese inflation rose to 2.5% in December as cold weather resulted to a increase in food prices. "While the figure remains well below the inflatio
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreFriday newspaper round-up: Transocean, Fed, Twitter...
4th Jan 2013 06:51
The owner of the Deepwater Horizon rig has finally owned up to playing a part in the Gulf of Mexico disaster after reaching a 1.4 billion-dollar settlement with the US Department of Justice. Transocean owned the rig hired by BP, which exploded in April 2010, killing 11 workers and causing the bigges
Read moreBookings with British Airways soar over holidays
3rd Jan 2013 13:55
British Airways said bookings soared over the festive season as Britons fled to drier climates for their holidays. The airline reported bookings at its holiday division were 75% higher than a year ago on Christmas Day while sales climbed 58% on Boxing Day. Top destinations included Las Vegas, Orl
Read moreLondon close: Gains pared after White House comments on 'fiscal cliff'
19th Dec 2012 16:57
The UK stock market staged a slight 'Santa rally' on Wednesday, with risk appetite increasing before Christmas on the back of a Greek ratings upgrade and a better-than-expected reading of German confidence. "Santa has returned to the markets, bringing some much needed cheer before the Christmas bre
Read moreFTSE 100 movers: Financials, IAG and CRH lead the risers
19th Dec 2012 15:31
Insurance and banking stocks were performing well on Wednesday afternoon after Credit Suisse upgraded its ratings on both sectors this morning. Lloyds was up 4% after the Swiss broker raised its view on European banks to 'benchmark' from 'small underweight', saying that the stock looks "abnormally
Read moreBritish Airways opens new China route
19th Dec 2012 15:13
British Airways (BA) is set to launch a new route to the China city of Chengdu, the company revealed Wednesday. The UK carrier will provide thrice-weekly flights between London Heathrow and Chengdu,starting September 22 next year. Tickets to Chengdu are on sale now and start from £508 and the rou
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 100 movers: Aggreko plummets on cautious outlook
17th Dec 2012 15:23
Temporary power and temperature control solutions group Aggreko plummeted on Monday after giving a gloomy outlook for next year, saying that its performance would likely be lower than the 2012. Investec downgraded its rating for the stock from 'buy' to 'hold' this morning, after the company said t
Read moreIberia pilots offer significant salary cuts
17th Dec 2012 13:31
Pilots at Spanish airline Iberia, operating under International Airlines Group (IAG), have offered to lower their salaries by a half in order to save the company, Europa Press reports. Ignacio Gordillo, lawyer for pilot union Sepla, explained that the union offered to lower salaries for new pilots
Read moreTuesday newspaper round-up: Mario Monti, HSBC, Mervyn King...
11th Dec 2012 06:52
Mario Monti is in talks with centrist groups urging him to stand in Italy's elections early next year it emerged on Monday as pressure mounted on the technocrat prime minister from the financial markets, fellow European leaders and the Church to stay in politics to safeguard his reforms. Italy's gov
Read moreLondon midday: Markets hit by resignation of Italian PM
10th Dec 2012 11:24
- Italian PM Monti to resign - Japan in recession - Greece extends buy-back offer Stock markets reacted to Mario Monti's resignation with moderate losses on Monday, as the departure of Italy's Prime Minister throws up another curve ball in the ongoing Eurozone debt crisis. Benchmarks across Europe
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