Thursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreLondon close: Stocks jump on central bank hopes; IAG surges
30th Jul 2012 17:05
- IAG leads Footsie higher; banks, miners follow suit - ECB expected to act soon - QE3 hopes in the US drive gains UK stocks started the week well as risk appetite increased on hopes that European policy-makers will announce measures this week to stem the crisis and the US central bank will act to
Read moreSunday newspaper round-up: BoE, RBS, Weir
29th Jul 2012 17:57
The British Chambers of Commerce and the Ernst & Young Item Club, the only forecasters to use the Treasury's economic model, have both urged the Bank of England to take bold action to boost growth at Wednesday's meeting of the Monetary Policy Committee [MPC]. The economy has shrunk for three success
Read moreMonday newspaper round-up: Greece, US drought, Spain...
23rd Jul 2012 07:07
Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former US President Bill Clinton on Sunday. Mr Samaras's comments come two days before a team of Greece's debt inspectors arrive in Athens to push for further austerity measu
Read moreFTSE 100 movers: Resolution falls after cancelled cash return
20th Jul 2012 15:51
Shares in UK life insurance and asset management group Resolution dropped sharply after the group cancelled the cash return of 250m pounds set for the first half of 2012 due to "uncertainty" in the markets. The group said that the decision was based on its estimated capital position as at the end
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreIAG to see Iberia employees go on strike at Barcelona airport
11th Jul 2012 10:02
Spanish airline Iberia, operated by International Consolidated Airlines Group (otherwise known as IAG) is once again in conflict with its employees. Staff at El Prat airport in Barcelona will be holding six days of strikes on July 27th, August 3rd, 10th, 17th, 24th, and 31st, according to an anno
Read moreBritish Airways announces bond issue
9th Jul 2012 07:08
British Airways, a subsidiary of Anglo-Spanish outfit International Consolidated Airlines Group, has decided to go into the bond market. While announcing the issue of sterling-secured bonds, the company says it will wait for investor feedback before announcing the timing and terms of the offer. Bo
Read moreRichard Branson says BA-Iberia merger should be undone
5th Jul 2012 09:51
British business magnate and Virgin Group President Richard Branson continues to be highly critical of the Iberia and British Airways merger that led to the creation of International Airlines Group (IAG). In an interview with Spanish daily Cinco Dias, Branson said that the alliance is bad for emp
Read moreBloomin' June for IAG
4th Jul 2012 09:09
International Airlines Group, the company formed by the merger of British Airways and Iberia, had a good June but is expecting the Olympic Games in London to hit is premium traffic business. Passengers carried in June rose 11.6%, or 6.1% on a like-for-like (LFL) basis, to 5.05m from 4.53m a year ea
Read moreSmall cap round up: Oxford Catalysts, Rubicon, Earthport
3rd Jul 2012 09:32
Synthetic fuels company Oxford Catalysts jumped on Tuesday after the firm said it had been selected to supply technology to the GreenSky London waste-biomass to jet fuel project. GreenSky London has been established to create Europe's first commercial scale sustainable jet fuel facility. Its leadin
Read moreFTSE 100 movers: Shire dives on rival application
25th Jun 2012 13:59
Shares in pharmaceutical giant Shire tanked after the US Food and Drug Administration approved a rival's application to make a generic version of its attention deficit and hyperactivity disorder (ADHD) drug, Adderall XR. IAG was also out of favour on reports that nationalised Spanish bank Bankia a
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreIAG, Iberdrola prepare for Bankia sale of corporate stakes
25th Jun 2012 08:57
Nationalised Spanish bank Bankia and its holding company Banco Financiero y de Ahorros (BFA) may be preparing to sell all of its corporate shareholdings of publicly-listed companies, except for Mapfre, El Mundo reports today. The troubled banking group would raise up to €1.6bn after selling 5.4% of
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
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