Iberia sits down with unions to call off strike
10th Dec 2012 09:34
Iberia, the Spanish airline operating under International Consolidated Airlines Group (otherwise known as IAG), will resume talks with its labour unions on Monday under request by the Service for Interconfederal Mediation and Arbitrage (SIMA). A meeting held last Friday ended with the announcemen
Read moreMonday newspaper round-up: Rolls-Royce, Japan, RBS...
10th Dec 2012 06:51
A whistleblower at the heart of a bribery investigation at Rolls-Royce has been fighting for more than six years for his claims to be heard. The British engineering group has been accused of handing 20m dollars (12.5m pounds) and a blue Rolls-Royce car to the son of the former president of Indonesia
Read moreLondon close: Markets boosted by US jobs report
7th Dec 2012 16:28
- Jobs reports lifts markets, but gains modest - Bundebank cuts German growth estimates - ECB rate cut speculation increases The Footsie finished with slight gains on Friday afternoon as some better-than-expected jobs data from the US managed to outweigh concerns about Germany's economy. Stocks st
Read moreFTSE 100 movers: Defensive stocks lead risers
7th Dec 2012 15:27
Defensive stocks, such as those in the utilities, tobacco and pharmaceuticals categories, were performing well today, as they benefited from risk aversion which has put a dent in the mining sect this morning. Centrica, Imperial Tobacco and Shire were among the best performers. Polymetal was also p
Read moreIAG unveils monthly traffic report
5th Dec 2012 16:08
British-Spanish multinational airline holding company International Consolidated Airlines Group released its traffic statistics update for November on Wednesday. Group traffic revenue passenger kilometres - the total number of kilometres travelled by all passengers- rose 3.6% in the month of Novem
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreFTSE 100 movers: Shire leads defensive stocks higher
4th Dec 2012 15:34
Shire was leading the defensive stocks after investors exercised caution as budget uncertainty in the US continues to weigh on sentiment. British Gas owner Centrica rose after partner EDF Energy announced that it has extended the life of two UK power stations by seven years. Tesco was on investo
Read moreBritish Airways unveils plans to make 400 job cuts
4th Dec 2012 13:39
International Airlines Group (IAG), the FTSE 100 company which owns British Airways, has warned that it has entered talks with unions to discuss plans to cut jobs within the airline's cabin crew based at Heathrow airport. BA is starting a 90-day period of consultations with Unite, the airline's un
Read moreIberia unions call six days of strikes for December
29th Nov 2012 11:54
International Airline Group (IAG) Spanish subsidiary Iberia's main unions (UGT, CCOO, USO, Asetma, Sictpla and CTA-Vuelo) have today called for six days of non-consecutive strikes between December the 14th and 21st (14th, 17th, 18th, 19th, 20th and 21st). According to the spokesperson for UGT's -o
Read moreLondon close: Stocks dragged into the red by Barclays
26th Nov 2012 16:25
- Osborne names Canadian as new Bank of England chief - Agreement on Greece a real possibility tonight - Barclays leads bank stocks lower UK equities ended the day firmly lower, with banks weighing heavily on the Footsie after Deutsche Bank AG and Goldman Sachs agreed to sell as many as 303.3m sha
Read moreFTSE 100 movers: Barclays drags banks lower
26th Nov 2012 15:04
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group falling. Th
Read moreMonday broker round-up UPDATE
26th Nov 2012 07:18
Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:
Read moreFTSE 100 movers: Xstrata rises on merger agreement
20th Nov 2012 16:04
Xstrata shares have jumped after the company's shareholders gave their approval on a merger between it and commodities trading giant Glencore, sealing the deal on what has been 10 months of discussions. However, investors voted against the controversial retention package for its managers. Fashion c
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreMonday newspaper round-up: RBS branches, BP, Virgin...
19th Nov 2012 06:45
The UK government is eyeing possible plans to turn 316 branches owned by Royal Bank of Scotland into a state-backed business lender. The move is seen as an option if no buyer can be found for the estate, which RBS is being forced to sell in return for receiving state aid during the financial crisis
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