Wednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
Read moreFTSE 100 movers: RBS and Barclays move to the fore
6th Aug 2012 13:55
Royal Bank of Scotland is moving higher after The Sunday Times reported that Brazil´s Banco Itau could be sizing up the lender´s US operations. Those assets could fetch a price of 10bn pounds the paper reported. Barclays was also up on widespread reports that it is planning an overhaul of its bonu
Read moreLondon midday: Footsie rallies after early decline
6th Aug 2012 12:06
- Greece making progress - Monti warns of Eurozone break-up - M&S, Evraz, GKN provide a lift on the Footsie Following an early fall, the Footsie swung into the blue by Monday lunchtime on the back of improving newsflow from Greece. After a meeting between the Troika (European Commission, European
Read moreBroker tips: IAG, AstraZeneca, Berkeley
6th Aug 2012 11:25
Credit Suisse has downgraded its recommendation for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, from 'outperform' to 'neutral' on the back of risks to 2013 consensus estimates. IAG reported a second-quarter loss of €4m last week and revealed g
Read moreBroker snap: Credit Suisse downgrades IAG on 2013 concerns
6th Aug 2012 10:06
Credit Suisse has downgraded its recommendation for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, from 'outperform' to 'neutral' on the back of risks to 2013 consensus estimates. IAG reported a second-quarter loss of €4m last week and revealed g
Read moreLondon open: Eurozone fears weigh on stocks early on
6th Aug 2012 08:54
- Eurozone back in the spotlight - Monti warns about Eurozone break-up - M&S up on bid rumours The Footsie declined in early trading on Monday as Eurozone concerns dampened sentiment; stocks were pulling back from a strong surge on Friday after US jobs data smashed expectations. Analyst Moyeen Isl
Read moreMonday broker round-up
6th Aug 2012 08:26
AstraZeneca: UBS ups target from 3,500p to 3,600p, buy rating kept. Berkeley: Investec raises target from 1,500p to 1,560p, buy rating kept. Catlin: Nomura reiterates buy rating and 506p target. Centrica: Deutsche Bank downgrades to hold from buy, target cut from 365p to 320p. Falkland Oil and G
Read moreMonday newspaper round-up: Shell, IAG, Manufacturing
6th Aug 2012 07:05
Royal Dutch Shell is pulling some of its funds out of European banks over fears stirred by the Eurozone's mounting debt crisis, according to reports. The company's chief financial officer, Simon Henry, told The Times newspaper that Shell is cutting back its exposure to European credit risk in the wo
Read moreLondon close: Markets rocket after US July jobs data
3rd Aug 2012 16:27
- US payrolls smash expectations - Short-term EZ periphery bond yields plummet - FTSE Mibtel and Ibex 35 finish 6% higher each - Euro bounces back - Expectations for further QE in US tempered Equity markets across Europe surged on Friday, rebounding strongly after a poor run the day before, as so
Read moreFTSE 100 movers: IAG the biggest of just four fallers
3rd Aug 2012 14:11
While only a handful of stocks were registering losses, airline group IAG dropped after saying that it would fail to achieve its 'break-even' operating target this year after it registered a steep loss in the six months to June 30th as fuel costs jumped and losses at its Spanish airline increased.
Read moreIAG makes contingency plans for Spanish Eurozone exit
3rd Aug 2012 13:45
IAG, the airline formed by the merger of British Airways and Iberia, is beginning to look more seriously at the implications of a possible exit from the Eurozone by Spain. You say peseta International Consolidated Airline Group (to give it its full name) has a high exposure to the Eurozone periphe
Read moreLondon midday: Footsie rebounds strongly after Draghi-fuelled sell-off
3rd Aug 2012 11:39
- RBS leaders risers after first-half figures - Markets await US data - Peripheral yields fall, ECB rumours do the rounds The Footsie was up 1.3 per cent by midday on Friday as strong gains in the financial sector provided a lift to the blue-chip index as it attempted to claw its way back from a he
Read moreLondon open: Stocks rebound after Draghi disappointment
3rd Aug 2012 08:31
- Stocks rebound after Draghi-fuelled sell-off - Chinese data improves - RBS leads banks higher after first-half results The Footsie rose strongly Friday morning, rebounding after a heavy sell-off the day before, with RBS and the banks providing a lift early on. Stocks sank yesterday after a press
Read moreLondon pre-open: Limited rise expected despite frightening data
3rd Aug 2012 07:34
City sources predict the FTSE 100 will open up just two points from yesterday's close of 5,662, flattening out ahead of today's all important July non-farm payrolls data. Equity markets across Europe tanked on Thursday afternoon in spite of a positive start, after the European Central Bank (ECB) d
Read moreIAG to restructure Iberia, will miss full-year profit target
3rd Aug 2012 07:04
Iberia and British Airways (BA) owner International Consolidated Airlines Group, otherwise known as IAG, said it would fail to achieve its 'break-even' operating target this year after it registered a steep loss in the six months to June 30th as fuel costs jumped and losses at its Spanish airline in
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