Broker tips: IAG, GKN, HSBC
1st Mar 2011 13:00
Charles Stanley upgrades its recommendation and target price for International Consolidated Airlines (IAG) as its market value has now factored in the rising prices of crude oil. Since the stock floated on 24 January, formed by the merger of British Airways and Iberia, €1.3bn has been wiped off the
Read moreBroker snap: IAG upgraded to 'hold'
1st Mar 2011 12:41
Charles Stanley upgrades its recommendation and target price for International Consolidated Airlines (IAG) as its market value has now factored in the rising prices of crude oil. Since the stock floated on 24 January, formed by the merger of British Airways and Iberia, €1.3bn has been wiped off the
Read moreLondon close: FTSE 100 back above 6,000 as oil retreats
25th Feb 2011 16:47
Shares surged past 6,000 heading into the weekend as a Saudi pledge to pump more oil if needed reassured markets following the turmoil in Libya. The London Stock Exchange, which recently switched over to a new computer system, suffered an embarrassing glitch which resulted in the exchange shutting
Read moreLondon afternoon: Lloyds left behind
25th Feb 2011 14:15
Share prices moved sideways over the lunch time session, but at least they were moving; the London Stock Exchange, which recently switched over to a new computer system, suffered an embarrassing glitch which resulted in the exchange shutting down for most of the morning. Shares have been lifted by
Read moreBroker tips: BATS, IAG, Capita
25th Feb 2011 12:49
Even though volumes at British American Tobacco (BATS) were down in 2010, Nomura likes the 2011 outlook and stays positive on the tobacco giant. The Japanese broker says that second half volumes (-4%) were always going to be volatile given tax hikes in Japan and the Pakistan uncertainty, due to the
Read moreLondon midday: Shares bounce after trading resumes
25th Feb 2011 12:28
Shares are buoyant following the resumption of trading after this morning's shutdown. Shares began trading as normal this morning but technical problems later caused the exchange to shut down. "The exchange regrets the inconvenience that has been caused to market participants by this morning's inc
Read moreBroker snap: IAG in line, while fuel remains a concern
25th Feb 2011 12:12
Having finally unravelled the first set of results from International Airlines Group's (IAG), RBS, after an initial period of stupefaction, declared the results were in line, and kept to its 'buy' recommendation and 350p target price. The results were very convoluted, but after picking through and
Read moreLondon open: Trading suspended
25th Feb 2011 08:53
Trading in London has been halted after some technical glitches at the start of the day, the LSE announced this morning. The exchange said it is looking into the problem. It halted its SETS and SETSqx services, while uncrossing trades that took place in the opening auction are under investigation f
Read moreLondon pre-open: Early gains predicted
25th Feb 2011 07:58
Footsie is tipped to moved ahead in early dealings as Saudi Arabia moved to calm the panic stricken oil markets. Initial estimates are for the index to open up 26 points from its previous close of 5,920. Saudi Arabia is prepared to increase supplies and the kingdom has entered "active talks" with E
Read moreIAG off to flying start
25th Feb 2011 07:21
The first set of results from International Airlines Group (IAG), the company formed by the merger of British Airways and Iberia, showed the group made a profit last year, despite higher fuel costs. The pro-forma results for 2010 are based on full year figures from Iberia and nine-month figures fro
Read moreFriday preview: Lloyds Banking, IAG
24th Feb 2011 16:49
After the brouhaha that surrounded Royal Bank of Scotland's disappointing and eye-numbingly detailed full year results it is the turn of another part-nationalised lender, Lloyds Banking , to update the market on Friday. Charles Stanley is predicting a return to profitability, and has a pre-tax pro
Read moreLondon close: Blue chips rally near close
24th Feb 2011 16:40
Shares rallied near the close despite the ongoing turmoil in Libya as Saudi Arabia indicated it would boost production to meet any shortfall caused by the unrest. Libya only produces about 2% of global output, but traders are worried the turmoil could spread to bigger oil producers, such as Algeri
Read moreFTSE 100 movers: Bumper profit from Capita
24th Feb 2011 15:27
Outsourced services provider Capita is the best performer after its figures. Capita lifted revenues and profits in 2010 despite the coalition government's cost-cutting drive. Pre-tax profits climbed to £364.2m from £325.1m on revenues that rose to £2.74bn from £2.69bn. Serco has risen on the back
Read moreLondon open: Fourth day of falls as oil passes $119
24th Feb 2011 08:31
Shares are down for the fourth day in a row as the Libyan crisis continues to cast a shadow. Today's stream of company results has been given a mixed reception. Worries over the ongoing crisis in Libya - and concerns that other oil rich nations could be affected by protsests - continue to drive the
Read moreLondon close: Shares slump as Libya worries linger
23rd Feb 2011 16:52
More weakness in the US helped send shares in London sharply lower, with the Libyan crisis and the consequent higher oil price weighing on sentiment. Brent crude for April delivery surged to more than $109 per barrel shortly after 2pm, though it has dipped down below $109 again since then. The $3+
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