Broker snap: Oil price means lower forecasts for airlines
11th Apr 2011 10:33
While Nomura thinks that elevated oil prices will probably fall over the medium term, the Japanese broker prudently factors in the current levels to its earnings estimates for airlines, resulting in forecast reductions at easyJet and Ryanair. Brent oil is 30% higher than the start of the year and n
Read moreSector movers: Miners roar ahead as metals advance
8th Apr 2011 13:53
High commodity prices are sending stocks in both directions today. The mining sector has marched ahead as metals prices advance. Shares in Fresnillo, which mines for silver in Mexico, are the best performing in the FTSE 100. Silver hit $40 an ounce for the first time since 1980, while gold prices
Read moreFTSE 100 movers: Miners dominate risers
8th Apr 2011 13:32
Surging commodity prices have helped the miners dominate the FTSE 100 risers, with seven out of top ten best performers coming from the sector. Shares in Fresnillo, which mines for silver in Mexico, are higher after silver hit $40 an ounce for the first time since 1980, while gold prices have hit r
Read moreOil hits two-and-a-half year highs
8th Apr 2011 11:41
Oil prices hit fresh two-and-a-half year highs in London amid continuing worries over supplies from Libya and as the dollar slid against other currencies. The rebels in Libya have accused government forces of attacking three different oil installations in the east of the country, halting production
Read moreLondon close: London limps lower on quiet day
5th Apr 2011 16:42
London's leading share index finished in the red on a sluggish, but things could liven up later in the week following the release of the minutes from the last US Federal Reserve meeting tonight. Among the fallers in the FTSE 100 was British Airways owner IAG, which announced that high oil prices ha
Read moreBritish Airways adds £10 to longhaul fuel surcharge
5th Apr 2011 16:21
High oil prices have forced British Airways to increase the fuel surcharge on long-haul flights, the airlines owner International Consolidated Airlines (IAG) said today. Passengers travelling on world traveller flights in economy class will now have to stump another £10 a flight. That takes the sur
Read moreBritish Airways crew vote for more strikes
28th Mar 2011 15:29
British Airways could see its busy Easter schedule disrupted after cabin crew at the airline voted overwhelmingly in favour of renewed strike action. Unite, the union representing the crew, said that of 10,000 crew polled, 83% of the 6,981 returning valid papers voted in favour of strikes. The ti
Read moreLondon afternoon: Oil guzzlers welcome Libyan ceasefire
18th Mar 2011 14:03
The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council
Read moreLondon midday: Shares rise after Japan intervention
18th Mar 2011 12:23
Shares are on the rise again today, helped by international financial intervention to help Japan following its catastrophic earthquake. The seven leading industrialised nations have taken concerted action to stop the rise of the Japanese yen. Monetary authorities in Japan, Europe, Britain and the U
Read moreLondon close: Heavy losses despite recovery
15th Mar 2011 16:42
The FTSE 100 closed deep in the red Tuesday amid continuing worries over the situation in Japan, though losses were more than halved following a slide in the morning as nerves calmed. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation le
Read moreLondon afternoon: Stocks stabilise
15th Mar 2011 14:27
Leading shares remain deep in the red and the best that can be said is that the situation did not get materially worse over the lunch time session. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak and sparked panic selling on the
Read moreIAG buys new Airbus A330s for Iberia
7th Mar 2011 14:27
International Consolidated Airlines (IAG), the combined business of British Airways and Spain's Iberia, is buying eight of Airbus's A330-300 aircraft with an option on another eight. The planes, due to be delivered between autumn 2012 and spring 2014, will replace up to 16 Airbus A340 family aircra
Read moreLondon close: Lower finish as Libya turmoil persists
4th Mar 2011 16:56
The top share index closed in the red going into the weekend as the spectre of high oil prices remerged amid continuing turmoil in Libya. Brent crude rose above $116 a barrel as the conflict in Libya continues. Government forces have been cracking down on protesters in Tripoli and there have been c
Read moreLondon close: Shares soar on Libya deal hopes
3rd Mar 2011 16:39
Reports that the Libyan situation might be resolved through mediation rather than violence sent UK shares sharply higher. The Arab League is said to be considering a proposal to end the fighting in Libya sending oil prices higher. Heavy oil users such as airline International Consolidated Airlines
Read moreLondon afternoon: Footsie cruises towards 6,000
3rd Mar 2011 14:13
Footsie has 6,000 within its sights once more as stocks bounce back strongly on hopes that the Libyan situation might be resolved. Reports that the Arab League is considering a proposal to end the fighting in Libya have boosted sentiment, and has sent the price of oil into reverse. Heavy oil users
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