London open: Stocks rise after upbeat China data
2nd Apr 2012 08:26
- Miners wanted after Chinese PMI reaches 11-month high - RBS to dish out dosh to preference shareholders - LSE acquisition of LCH.Clearnet passes milestone UK stocks opened with decent gains on Monday morning as miners rose on the back of some better-than-expected manufacturing data from China.
Read moreAirline CEOs slam Treasury on air tax rise
2nd Apr 2012 07:49
Leaders of the UK's biggest airlines have called on the Chancellor to review the impact of Air Passenger Duty (APD) after it was hiked yesterday. For short-haul flights, the tax has gone up from £12 to £13, while for long-haul flights between 4,000 and 6,000 miles it has risen from £75 to £81. APD
Read moreLondon midday: German Ifo survey lifts the mood
26th Mar 2012 11:37
- Germany's IFO index rises for fifth straight month - Concerns about Spain still on investors' minds - Aberdeen leads rise on FTSE 100, Ophir surges on FTSE 250 UK stocks managed to extend gains by Monday lunchtime after a confidence survey from Germany rose to a seven-month high. Germany's Ifo b
Read moreIAG may be looking to buy stake of American Airlines
26th Mar 2012 10:53
International Airlines Group (IAG) may be considering the purchase of a stake of American Airlines to pre-empt a similar move by rivals, The Sunday Times reported this weekend without citing sources. The US airline, whose parent company entered bankruptcy protection in November, has a strategic a
Read moreLondon open: Eurozone worries hold back stocks
26th Mar 2012 08:30
- European markets cautious, Spanish index drops - Germany may back an increased firewall - Abderdeen advances after pre-close trading update Stocks edged higher on Monday morning, but gains were only moderate as concerns over Europe weighed on sentiment. The STOXX Europe 600 Index lost a total o
Read moreMonday newspaper round-up: BoE, Budget neutrality, IAG
26th Mar 2012 06:14
Sir Mervyn King, the head of the Bank of England, said the central bank knows "absolutely nothing" about how the policy instruments its new watchdog has asked for to combat systemic financial risks will work in practice, and that it will need to win a battle of hearts and minds when it starts using
Read moreIAG's Iberia Express will finally take off
23rd Mar 2012 08:57
Iberia, the Spanish airline operated by International Consolidated Airlines (IAG), is expected to present its low-cost subsidiary in a press conference this morning following continuous labour strikes (a total of 24), tensions with the SEPLA pilot union, and losses from short and medium-haul flights
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreMonday newspaper round-up: GKN, IAG, Trinity Mirror
12th Mar 2012 06:29
Britain's manufacturing industry could receive a shot in the arm if the British engineering group GKN succeeds in a planned swoop on Sweden's largest aerospace company that could value it at up to £800m. Although sources close to the talks say a deal is not imminent, GKN is now the clear frontrunner
Read moreLufthansa reports unexpected loss due to BMI
8th Mar 2012 11:29
German airline Lufthansa reported an unexpected 2011 loss, largely as a result of British Midland (BMI), the low-cost airline it is in the process of offloading to International Consolidated Airlines Group. Lufthansa reported a net loss of €13m in contrast to the €1.1bn profit generated in 2010. T
Read moreIberia sues pilot union over strikes
7th Mar 2012 08:54
Spanish airline Iberia announced yesterday that it filed a lawsuit against the SEPLA pilot union and Stavla, which represents a third of cabin crew members, for illegal and abusive labor strikes. The company wants the strikes to be declared illegal and to receive compensation for the serious dama
Read moreLondon close: Bernanke comments fuel late sell-off
29th Feb 2012 16:27
- Stocks tumble on Bernanke comments. - Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. After trading within a narrow 20-point range for the majority of the day, the FTSE 100 plummeted late on as US Federal Reserve Chairman Ben Bernanke gave some gloomy comments the e
Read moreLondon midday: Stocks settle after ECB refinancing
29th Feb 2012 11:38
- Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. - Ludowici issues overshadow impressive 2011 for Weir. The initial celebration of the results of the European Central Bank's (ECB's) refinancing operation quickly faded in late morning trade, with the Footsie broadly fl
Read moreLondon open: Stocks flat ahead of ECB refinancing operation
29th Feb 2012 08:31
- Investors await ECB's LTRO. - ITV jumps 7% after strong 2011. - Ludowici issues overshadow impressive 2011 for Weir. The Footsie lacked direction in the opening hour on Wednesday as investors hold out for the result of the European Central Bank's (ECB's) second longer term refinancing operation,
Read moreLondon pre-open: Investors hold out for today's ECB announcement
29th Feb 2012 07:31
City sources predict the FTSE 100 will open up five points from yesterday's close of 5,928, as investors hold out for the result of the European Central Bank's second longer term refinancing operation, to be announced later today. Consensus expectations are for bank bids worth €470bn in liquidity, w
Read more