Friday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreLondon open: Chinese data, JP Morgan weighs on stocks
11th May 2012 08:28
- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes concerns The FTSE 100 fell sharply in early trading on Friday as weak Chinese data, Spanish concerns and a surprise trading loss from JP Morgan Chas
Read moreLondon pre-open: Stocks to track Asian markets lower
11th May 2012 07:28
City sources predict the FTSE 100 will open down 41 points from yesterday's close of 5,545, tracking losses in Asian markets as mixed Chinese data leaves investors wanting more. International Consolidated Airlines Group (IAG) reported an operating loss of €249m in the first quarter, an outcome wor
Read moreFuel costs hammer IAG
11th May 2012 07:19
Soaring fuel costs contributed to a larger than expected first quarter loss at International Consolidated Airlines Group (IAG), the airline formed by the merger of British Airways and Iberia. The airline reported an operating loss of €249m in the first quarter, an outcome worse than the €230m loss
Read moreFriday preview: IAG to show loss as strike drags on
10th May 2012 15:57
May has already been a busy month for British Airways and Iberia owner International Airlines Group (IAG), with the company having released its April passenger statistics and completed the sale of bmi Regional to Sector Aviation Holdings, and on Friday it gives a trading update covering the first q
Read moreIAG to sell bmi Regional
10th May 2012 11:28
International Consolidated Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings (SAH) for eight million pounds. The agreement includes the subsidiary's fixed assets, long-term debts, and owned and leased fleet. SAH is expected to become the owner wi
Read moreIAG reports small rise in passenger numbers
4th May 2012 15:05
International Airlines Group (IAG), which on Thursday announced the upcoming grounding of airline BMI Baby, posted a small year-on-year increase in passenger numbers in April. The group's airlines, which include British Airways and Iberia, saw a 0.9% year-on-year rise in the number of passengers ca
Read moreEnd of the runway for BMI Baby
4th May 2012 07:49
Budget airline BMI Baby will be grounded as of September, its owner IAG has admitted. IAG, which also owns British Airways, bought BMI from Lufthansa in April, is said to be putting as many as 800 jobs at risk as it seeks to jettison the parts of BMI it does not want. IAG previously indicated t
Read moreIberia hit by further strikes, flights cancelled
3rd May 2012 11:24
Iberia, the Spanish airline operated by International Airlines Group (IAG), cancelled 108 flights that were scheduled for Friday due to the strike called by STAVLA, a cabin crew trade union. STAVLA went ahead with strikes although the SEPLA pilot union called off its own after the Spanish governm
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreBroker snap: Credit Suisse upgrades IAG to outperform
24th Apr 2012 14:57
Shares of International Consolidated Airlines Group (IAG) were flying high on Tuesday after Credit Suisse upgraded the stock from neutral to outperform. While the broker is expecting a first-quarter operating loss of €239m, it says that an encouraging outlook for summer pricing should boost sentime
Read moreFTSE 100 movers: Man Group leaps on UBS comments
24th Apr 2012 14:49
Hedge fund manager Man Group was leading the risers in London ahead of its quarterly assets under management update next week. UBS reiterated its buy recommendation on the stock this morning, saying that the firm is a "likely take-out candidate" and is on its 'M&A Watch List'. "With Man Group shar
Read moreLondon midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreLondon close: Economic data and political uncertainty sink stocks
23rd Apr 2012 17:03
- PMI data disappoints - Markets dragged down by European politics - Miners, Prudential, IAG lead fallers on Footsie Global stock markets were under heavy selling pressure on Monday as some gloomy economic data and political uncertainty in Europe weighed on sentiment. London's FTSE 100 index droppe
Read moreLondon midday: Economic data drives financials higher
20th Apr 2012 11:59
- German Ifo beat expectations - UK retail sales rise strongly in March - Man Group rebounds, IMI higher after update Positive economic data from the UK and Germany cemented gains on Friday morning ahead of what is expected to be a bright start for US stocks with futures on the up after a barrage o
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