Thursday newspaper round-up: Republicans, IAG, Xstrata, BAE
8th Nov 2012 07:33
American financial markets plunged as a re-elected President Obama returned to the White House to face a looming crisis over the nation's finances, and a Congress still divided over how to fix them. Hours after Mr Obama's decisive win, markets in New York began to slide at the prospect of a return t
Read moreIAG looking to take over Spanish airline Vueling
8th Nov 2012 07:06
International Consolidated Airlines Group, otherwise known as IAG, is thinking about making an offer to take over Spanish airline Vueling, buying up the remaining stake that it does not already own. IAG, the owner of British Airways which already runs the loss-making Iberia and Iberia Express in Sp
Read moreSpanish court finds in favour of Iberia Express
5th Nov 2012 16:03
Spain´s top tribunal has declared null and void the court ruled arbitration which brought the conflict between Iberia -IAG´s Spanish subsidiary- and its main pilots union -SEPLA- to a premature end. The results of the above intermediation had been appealed by Iberia´s own low-cost subsidiary Iberi
Read moreFTSE 100 movers: Miners provide a drag
5th Nov 2012 15:15
Mining stocks were providing a drag as investors digested the economic figures out in China overnight. The HSBC China services PMI fell from a four-month high of 54.3 to 53.5 in October, contrasting with the official services PMI from the National Bureau of Statistics this weekend which rose from 53
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFTSE 100 movers: IAG leaps on Charles Stanley comments
2nd Nov 2012 16:14
Airlines group IAG was the top performer this afternoon, up three per cent over 168p. Technical analysts at Charles Stanley said: "A close above 168p would suggest that this line is giving way and would amount to a 'trading buy' signal." Oil giant Tullow was also a high riser after JPMorgan Caze
Read moreLondon close: Sandy aftermath and Eurozone concerns sink stocks
31st Oct 2012 16:37
The resumption of trading on Wall Street after a two-day closure and a meeting of Eurozone finance ministers was enough to weigh on London's stock market on Wednesday, not to mention some sharp falls from heavy hitters BG Group and Barclays. US benchmarks re-opened in the red today after Hurricane
Read moreFTSE 100 movers: BG dives after slashing production guidance
31st Oct 2012 15:27
BG Group shocked the market today by cutting back production guidance as a result of a number of delays to project start-ups. It now expects full-year production will be just three per cent higher than in 2011, while 2013 output is not expected to show any growth at all. The firm also announced th
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreIberia to reduce flights this winter
29th Oct 2012 11:18
Ahead of upcoming job layoffs, Iberia, the Spanish airline owned by International Air Group (IAG), has sent a letter to travel agencies to inform them of flight adjustments for the winter season, Spanish daily Cinco Dias reports. Iberia announced that several routes will be affected due to flight r
Read moreLondon close: Barclays limits gains after PPI confession
18th Oct 2012 16:44
- Barclays to take another unexpected hit from PPI claims - Chinese data boosts miners - Markets cautious before EU summit After swinging between gains and losses for most of the session, UK stocks finished flat on Thursday despite some robust growth figures from China, as some worse-than-expected
Read moreFTSE 100 movers: IAG rises following IATA stats and buy reiteration
18th Oct 2012 15:09
Shares in IAG got a boost after international trade body the IATA announced that much of August's rise in premium passenger numbers came from the North Atlantic, where British Airways, an airline owned by IAG, dominates. The firm was also boosted by Investec's decision to reiterate its buy recommend
Read moreIAG shares boosted by IATA air traffic stats
18th Oct 2012 14:03
International trade body, the IATA, announced on Thursday that much of August's rise in premium passenger numbers came from the North Atlantic, where British Airways, an airline owned by IAG, dominates. During August of this year the number of passengers flying on premium seats climbed 8.5% compar
Read moreBroker snap: Investec maintains positive outlook on IAG
18th Oct 2012 14:01
Despite reducing its full-year EBIT (earnings, before, interest and tax) estimate, Investec has retained its buy recommendation for British Airways owner International Consolidated Airline Group (IAG). The company is reporting its third quarter figures on November 9th, and the broker expects these
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