London open: Stocks slip as Greek deadline looms
6th Feb 2012 08:35
UK stocks fell on Monday morning, pulling back following the strong end to last week, with Greece once again in focus as government talks enter a critical stage. After a meeting last night between the three parties of Greece's coalition government, Prime Minister Lucas Papademos announced that they
Read moreIAG quantifies impact of pilots' strike at Iberia
3rd Feb 2012 15:10
International Consolidated Airline Group (IAG), the company formed through the merger of British Airways and Iberia, saw strong growth in premium traffic in January. Group premium traffic was 3.8% higher than in January the yar before, while non-premium traffic grew 0.7% year-on-year (YOY). Group
Read moreBroker tips: Transport stocks, Misys, easyJet
26th Jan 2012 11:29
Nomura has downgraded its rating on the 'European Industrial Transportation' sector from bullish to neutral, saying that it expects slow growth or even no growth from stocks this year. In its summary of the sector, Nomura said: "with the outlook for volume growth finely balanced between sub-trend g
Read moreBroker snap: Nomura cautious about transport stocks
26th Jan 2012 10:07
Nomura has downgraded its rating on the 'European Industrial Transportation' sector from bullish to neutral, saying that it expects slow growth or even no growth from stocks this year. The broker highlights the following three trends: sub-trend volume growth to continue; tough comps in the early mo
Read moreThursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreLondon midday: Stocks extend gains, RBS and IAG on the rise
23rd Jan 2012 11:46
- Markets await news from Greece. - Lagarde warns of "1930s moment"; - RBS rises on rumours of CEO waiving bonus. London's benchmark index had extended gains by midday with the market showing their optimism as investors awaited news from Greece. US stock futures were also pointing to a positive sta
Read moreIAG's Iberia Express will be ready for takeoff in March
23rd Jan 2012 10:13
International Consolidated Airline Group (IAG) said the first flight of its new low cost airline, Iberia Express, will take off on March 25. IAG president Antonio Vazquez spoke at the New Economic Forum held in Madrid and explained that the new low cost airline was necessary to face oncoming comp
Read moreIAG rises on remarks from Qatar Airways' chief executive
19th Jan 2012 19:23
Middle East carrier Qatar Airways is examining a potential acquisition in Europe, where it last year purchased a stake in freight operator Cargolux International, chief executive officer Akbar Al Baker said today in a briefing at the Bahrain Air Show, Bloomberg News is reporting. "We need to look a
Read moreLondon close: Footsie up 0.7% as banks and IAG surge
19th Jan 2012 17:05
-Euro optimism drives gains. -Barclays, Lloyds, RBS leads the risers. -Essar falls 11.9%, still volatile after Indian tax ruling. A combination of better-than-expected earnings figures and economic data from the US, talks of progress between the Greek government and private creditors, and strong de
Read moreLow-cost model is crucial, Iberia President says
18th Jan 2012 11:28
In the VI Exceltur Tourism Leadership Forum, Iberia president Antonio Vazquez asserted that traditional airlines must use a combination of short and long-haul flights in order to survive but the only way for it to work is using a low cost model. Vazquez asked for the importance of the air transpo
Read moreIberia workers considering a strike on Mondays and Fridays
13th Jan 2012 11:47
It is a new year but pilots continue to wage war on Spanish airline Iberia. Spanish daily Cinco Dias reports today that labour syndicate unions representing 20,000 cabin crew and ground workers want to propose a strike for every Monday and Friday as of February 3 in order to demand greater job guar
Read moreThursday newspaper round-up: ECJ, Italian debt, IAG, China
12th Jan 2012 06:47
A leaked draft of the Eurozone's new treaty shows that members will have to commit to keeping their deficits below 0.5% of GDP or face the European Court of Justice (ECJ). But they will also be allowed to "temporarily deviate" from the rules "in case of an usual event" or in "periods of severe econo
Read moreSunday newspaper round-up: FX, Gas, M&S, RBS, IAG, Tesco
8th Jan 2012 15:00
"The Euro is still above the fair value of $1.25 implied by purchasing power parity - and it has been so ever since its recovery from its disastrous early years. A move well below $1.25, if not quite to $1.10, looks more likely if the US recovery story suggested by yesterday´s unexpectedly strong jo
Read moreFriday newspaper round-up: Eurozone, GDP, IAG
23rd Dec 2011 23:05
The Financial Times (FT) leads with an appeal from European Central Bank (ECB) board member, Lorenzo Smaghi, for quantative easing if the Eurozone is threatened by deflation. His comments are controversial as Germany believes such measures are dangerous and contrary to the treaties which underpin
Read moreLondon close: Footsie hits nine-day high after economic data
22nd Dec 2011 16:25
The Footsie held on to gains by the close, helped by some helpful economic data at home and abroad. It seems as if the 'Santa rally' that many had put on their Christmas lists has finally started to bear fruit with London's blue chip index finished at the highest closing level since last Tuesday. B
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