FTSE 100 Movers: GDP data boosts Lloyds into top spot
22nd Dec 2011 13:36
Better-than-expected GDP data helped to boost financials into the top ten. Lloyds led the way, followed closely by RBS and Old Mutual as stocks rallied on news that the UK gross domestic product (GDP) grew by 0.6% in the third quarter in volume terms versus the previous three months, according to th
Read moreLondon midday: Stocks higher after GDP data
22nd Dec 2011 11:35
Gains were bolstered by midday on the FTSE 100 with some better-than-expected GDP data helping to boost sentiment. Financials were among the high risers of the day, with Schroders, Lloyds, RBS and Old Mutual among the best performers. UK gross domestic product (GDP) grew by 0.6% in the third quarte
Read moreLondon open: Banks spearhead unhurried advance
22nd Dec 2011 08:40
If Footsie is to show a gain on the year, it needs to add about 600 points between now and the close of play on December 30th and though the top-share index has made modest inroads into that deficit this morning, helped by the strength of banks, it is looking increasingly likely that 2011 will be a
Read moreIAG and Lufthansa agree on bmi price
22nd Dec 2011 07:11
International Airlines Group (IAG) has managed to land the British Midland (bmi) airline after protracted negotiations with current owner, Deutsche Lufthansa. IAG, the company formed by the merger of British Airways and Iberia, is to pay £172.5m in cash for bmi from its own funds. However, the pri
Read moreLondon pre-open: Stocks to open higher
22nd Dec 2011 06:42
Stocks are looking up this morning, boosted by a slightly higher close of the US markets, with City sources predicting the FTSE 100 will open up 25 points from yesterday's close of 5,390. Media distribution group Perform has signed a four-year deal with the Women's Tennis Association (WTA) to mana
Read moreIAG chief determined to seize Lufthansa´s BMI unit
21st Dec 2011 07:46
The chairman of International Airlines Group, Antonio Vazquez, yesterday told Bloomberg News in an interview that the company is closing in on the purchase of Deutsche Lufthansa´s BMI unit. The above comes after a counterbid for BMI was recently tabled by UK billionaire Richard Branson. In the wor
Read moreBroker tips: IAG, Thomas Cook, LSE
14th Dec 2011 12:50
Galvan Research and Trading has given airline International Consolidated Airlines (IAG) a sell rating, saying that recent forecasts are "now unrealistic". Last week, the International Air Transport Association (IATA) announced revisions to its industry outlook, downgrading its predictions for 2012.
Read moreBroker snap: Sell IAG on poor 2012 outlook, says Galvan
14th Dec 2011 12:42
Galvan Research and Trading has given airline International Consolidated Airlines (IAG) a sell rating, saying that recent forecasts are "now unrealistic". Last week, the International Air Transport Association (IATA) announced revisions to its industry outlook, downgrading its predictions for 2012.
Read moreMonday newspaper round-up: Bundesbank, IAG, Recession
12th Dec 2011 06:52
Germany's Bundesbank has raised serious objections to EU summit plans to shore up Italy and Spain by channelling up to €200bn (£170bn) from central bank reserves through the International Monetary Fund (IMF). (...) "The money cannot migrate into some sort of special pot that is used exclusively for
Read moreSunday newspaper round-up: American growth, France, RBS, Gold
11th Dec 2011 15:05
Three months ago Barack Obama was firmly in the dock over news that no net jobs were created in August. Some gloomy people even saw a double-dip recession on the way. America, it turns out, was not on the verge of recession, and it still isn't. Fears that the government might shut down on December 1
Read moreThursday newspaper round-up: IAG, Astra Zeneca, Marks&Spencer
8th Dec 2011 07:02
Estimates from accountants Deloitte found that European banks hold more than £1.5 trillion of non-core and non-performing assets on their balance sheets. Deloitte estimates that while banks will have to drastically reduce the size of their asset books, they will probably encounter major challenges i
Read moreFTSE 100 Movers: Banks fall on negative news from Europe
7th Dec 2011 15:13
Miners continued to rise following a strong morning trade, with Randgold Resources leading the way after gaining over 3% and Eurasian Natural Resources not far behind. Although not on the top 10, Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta were also performing well. However, banks were n
Read moreIATA downgrades 2012 industry estimates
7th Dec 2011 13:19
The International Air Transport Association (IATA) has announced revisions to its industry outlook, downgrading its predictions for 2012. The association now estimates that airline profits for next year will be $3.5bn, compared to previous estimations of $4.9bn, with a net margin of 0.6%. The 2011
Read moreLondon close: Footsie nudges higher, Ecofin meeting eyed
29th Nov 2011 16:37
The FTSE 100 nudged higher in afternoon trading after swinging between gains and losses all day, as some better-than-expected US economic data boosted equities stateside. Lifting sentiment late on was the Conference Board's consumer confidence index which rose from a revised 40.9 in October to 56 t
Read moreFTSE 100 Movers: Randgold shines again
29th Nov 2011 15:20
Randgold Resources was the top performer, rising over 5%, climbing its way back after yesterday's fall. On Monday, the firm cut its production forecast for the year after running into a number of difficulties at its Tongon mine in Côte d'Ivoire. The firm said that it now expects group production for
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