Enquest chief exec spends more millions
1st Jul 2011 16:06
Enquest's chief executive Amjad Bseisu has been increasing his stake in the FTSE 250-listed North Sea oil and gas group, spending nearly £3m on shares. Double A, "a discretionary Trust in which the extended family of Amjad Bseisu have a beneficial interest" took about 2.44m shares at 121.6p a time
Read moreBroker snap: Barclays still bullish on airlines
29th Jun 2011 13:20
The European airline sector is benefiting from the recent drop in crude oil prices, according to Barclays Capital, providing an extra reason to remain bullish on the sector. The British broker signals that even with an overly cautious hypothesis over the relationship between oil prices and revenue,
Read moreBroker tips: Imagination Tech, IAG, BSkyB
22nd Jun 2011 12:13
JP Morgan Cazenove has made some changes to its forecasts for mobile phones and computer chip designer Imagination Technologies, after "strong" full-year results announced this morning. While the US investment bank increases revenue forecasts for the Technology division, it says that the overall c
Read moreBroker snap: UBS lowers IAG's target amid uncertainty
22nd Jun 2011 10:21
While UBS keeps its 'buy' rating on airline International Consolidated Airlines (IAG), it is "looking for the sun amongst the clouds" and cuts its target price on the stock from 320p to 290p. "European airlines (including IAG) have increased fuel surcharges since the start of the year, absorbing 50
Read moreFTSE 100 movers: Weir leads engineers higher
9th Jun 2011 15:39
Engineer Weir Group is the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have been reports today that two companies in China have been given fines of £1m after manufacturing illegal duplicates of Weir pumps. Automotive and aerospace engineer GKN, oilfield eng
Read moreLondon close: FTSE 100 outshines overseas stocks
6th Jun 2011 16:38
London's leading share index was an island of blue in a sea of red Monday after the IMF's endorsement of the government's deficit-cutting programme. The soft housing market and the effects of fiscal consolidation will continue to weigh on UK growth after a flat 6 months to 31 March, the IMF predict
Read moreFTSE 100 movers: Glencore rises, Lloyds drops
6th Jun 2011 15:24
Glencore, the newly-listed commodity trading house, is the top riser, helped by Deutsche Bank issuing a 'buy' recommendation on the stock. Meanwhile, Lloyds Banking Group is heading the other way, trading at its levels not seen since last February, on the back of reports over the weekend that chief
Read moreIAG non-exec opens account with £2.5m purchase
26th May 2011 16:13
Non-executive chairman Cesar Alierta Izuel has opened his account in British Airways owner International Consolidated Airlines in a big way, spending nearly £2.5m on shares. He took 165,000 shares at €2.82 a time, 729,575 at €2.84 and 105,425 at €2.75. Izuel has been on the board of IAG since the
Read moreFTSE 100 movers: Miners rise on metals prices
24th May 2011 15:40
The miners are in demand as precious metals prices continue to ascend. Fresnillo is the highest riser, gaining over 4%. Cairn Energy, Antofagasta, Kazakhmys, Randgold Resources, Xstrata and Rio Tinto are also firmer. Oil groups BG and BP are rising higher, along with crude oil prices. Goldman Sa
Read moreLondon close: Stocks slump as euro debt worries continue
23rd May 2011 16:51
The top share index was nursing triple-digit losses by the close of play as the eurozone debt crisis continued to rumble on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of
Read moreFTSE 100 movers: Insurers under the weather
23rd May 2011 15:12
Analysts at Digital Look have attributed the share price weakness of insurers Admiral and Old Mutual to the Icelandic volcano, which could cause disruption to travellers across western Europe on reports of a drifting ash cloud. Airline International Consolidated Airlines is also flying lower. Also
Read moreLondon midday: Stocks slump on euro worries
23rd May 2011 12:04
Stocks are firmly in the red as the eurozone crisis continues to drag on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of global concern and metals prices have taken a knoc
Read moreLondon open: Stocks dive as euro worries drag on
23rd May 2011 08:30
Continuing worries over the Eurozone debt crisis are casting a shadow over trading this morning, helping send stocks sharply lower. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situatio
Read moreFriday newspaper round-up: HMV, British Airways v Unite, Facebook v Google
13th May 2011 06:13
HMV's efforts to sell its Waterstone's book business are being stymied by a stand-off between the beleaguered entertainment group's banks and the potential buyer, Alexander Mamut, over price. The Russian billionaire is thought to have offered between £35m and £45m to acquire the 297-store bookseller
Read moreLondon close: Late rally helped by the US
6th May 2011 16:41
The Footsie finished over 1% higher as an afternoon rally was helped by some better-than-expected US non-farm payrolls figures. According to the Bureau of Labor Statistics, non-farm payrolls rose by 244,000 in the month of April, while consensus had been pointing to a gain of 198,000. Banking gian
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