Wednesday newspaper round-up: BRICS, Anglo American, British American
14th Nov 2012 07:58
The catch-up boom in China, India, Brazil is largely over and will be followed by a drastic slowdown over the next decade, according to a grim report by America's top forecasting body. Europe's prognosis is even worse, with France trapped in depression with near zero growth as far as 2025 and Britai
Read moreBroker tips: Lloyds, Diageo, IAG
12th Nov 2012 11:34
UBS has raised its target price for UK banking group Lloyds from 44p to 46p, saying that the bank's third-quarter results showed 'solid progress and improving momentum'. However, the broker remained cautious, saying: "We remain 'neutral' on Lloyds and the other UK domestic banks as we believe that
Read moreBroker snap: Credit Suisse ups target for IAG, but uncertainties remain
12th Nov 2012 09:39
Credit Suisse has raised its target price for International Consolidated Airlines Group, otherwise known as IAG, but has retained its 'neutral' stance on the stock. The company announced last week that, including the impact of Hurrican Sandy and the continued weakness in its Spanish airline Iberia
Read moreMonday broker round-up -UPDATE
12th Nov 2012 09:03
Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreFTSE 100 movers: Admiral shares top the risers after upgrade
9th Nov 2012 16:02
Car insurance giant Admiral was the highest riser of the day today after Bank of America hiked its rating on the stock by two notches from 'underperform' to 'buy'. Analyst William Hardcastle said: "We are shifting our focus away from the PE growth multiple (close to historical low at 10.7 times) t
Read moreLondon midday: Greek concerns hammer stocks again
9th Nov 2012 11:35
- Greek bailout delay worries sink markets - Chinese inflation data leaves door open for more stimulus - Admiral gains after upgrade; IAG rises on Iberia plans Concerns about Greece have offset some better-than-expected economic data from China this morning, with the FTSE 100 trading firmly in the
Read moreLondon open: Stocks flat despite upbeat data from China
9th Nov 2012 08:32
Cyclical stocks such as miners and banks were limiting gains on the FTSE 100 on Friday morning as the benchmark index attempted to recover from a two-day sell-off on the back of concerns for the global economy. Worries about the impending US 'fiscal cliff' and Greece's bailout have taken their toll
Read moreIAG cutting 4,500 jobs in effort to save Iberia - UPDATE
9th Nov 2012 07:49
British Airways owner International Consolidated Airlines Group, otherwise known as IAG, has revealed details of a 'transformation plan' to get its loss-making Spanish airline Iberia back on track, which includes the laying off of 4,500 employees. To accompany its third-quarter results, the company
Read moreIberia is in a 'fight for survival', says IAG
9th Nov 2012 07:01
International Consolidated Airlines Group, otherwise known as IAG, said Iberia continued to have a negative impact on its bottom line in the third quarter as it revealed details of a 'transformation plan' to get its loss-making Spanish airline back on track. Total revenue rose 12.6% year-on-year i
Read moreBroker snap: IAG looking for cost savings in Vueling deal, says Credit Suisse
8th Nov 2012 16:14
Credit Suisse has weighed in on the decision by International Airlines Group (IAG), the parent company of British Airways and Iberia, to launch an offer for the remaining stake of low-cost airline Vueling. A PLAN B FOR IBERIA EXPRESS Analysts, who have a 'neutral' rating on IAG with a price targ
Read moreIAG to buy Vueling for 113m euros
8th Nov 2012 14:04
International Consolidated Airlines Group (IAG) is making a cash tender offer to buy 100 per cent of the share Vueling, the Spanish low-cost airline based in Barcelona. The offer will be launched exclusively on the Spanish stock markets and Veloz Holdco SLU has been created as an IAG subsidiary for
Read moreLondon midday: Bank of England holds rates as stocks rebound
8th Nov 2012 11:31
- BoE holds rates and QE - Stocks rebound after heavy sell-off - G4S drops after losing prison contract Easing concerns about Greece saw the FTSE 100 rebound slightly on Thursday morning following a steep sell-off the day before. The Bank of England's Monetary Policy Committee announced at noon th
Read moreLondon open: Stocks edge higher after Greece votes on austerity
8th Nov 2012 08:23
Stocks rebounded on Thursday morning, albeit only slightly, following steep falls the day before, after Greece voted in favour of its strict austerity measures. Wednesday's session started strongly after Barack Obama was re-elected as the US President, sparking speculation that easing measures woul
Read moreLondon pre-open: Slight rebound expected after sell-off
8th Nov 2012 07:44
Markets are expected to rebound slightly on Thursday morning as they attempt to claw back some of the heavy losses from the day before, after Eurozone concerns outweighed any Obama-related optimism and resulted in a sell-off across global benchmark indices. City sources expect the FTSE 100 to open
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