Recent airline sell-off could limit fallout from Icelandic volcano - Cantor
20th Aug 2014 13:19
The European listed airline and travel sector is likely to be weak on the back of potential flight disruption from volcanic activity in Iceland, according to analyst Robin Byde from Cantor Fitzgerald, but the recent sector sell-off means there will not be much altitude lost. His comments came after
Read moreFTSE 250 movers: Catlin jumps after first half results
8th Aug 2014 16:38
Catlin Group's shares jumped on Friday after the insurance company was given a 'buy' rating by analysts at Espirito Santo Investment Bank Research following strong first half results. JPMorgan Chase & Co. reiterated an 'overweight' rating while Numis gave it an 'add' rating. Numis analyst Nick John
Read moreLondon midday: Losses pared but geopolitics still a concern
8th Aug 2014 12:10
- US authorises Iraq airstrikes - Fighting resumes in Gaza - TUI Travel and wider sector tumbles - Banks, supermarkets, precious metals limit losses techMARK 2,684.77 -0.93% FTSE 100 6,559.47 -0.57% FTSE 250 15,185.28 -0.36% UK stocks had pared early losses but were still firmly in the red by Frid
Read moreLondon open: Geopolitics knocks another 1% off FTSE 100
8th Aug 2014 09:15
- Obama authorises Iraq airstrikes - FTSE 100 set to close at lowest since March - Travel and leisure stocks fall, TUI Travel declines techMARK 2,678.52 -1.16% FTSE 100 6,533.19 -0.97% FTSE 250 15,099.86 -0.92% UK stocks sank sharply on Friday, dropping to levels not seen in months, as heightened
Read moreThomas Cook reports rise in quarterly earnings
31st Jul 2014 10:37
Thomas Cook Group's quarterly earnings rose as summer bookings at the travel company grew. Earnings before interest and tax (EBIT) rose to £33m in the three months ended 30 June from £1m the same period a year earlier. Summer 2014 bookings for the company's concept and partnership hotels compared
Read moreWednesday broker round-up UPDATE
30th Jul 2014 09:50
Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame
Read moreFTSE 250 movers: Hochschild lifted by rating, Bellway falls
21st Jul 2014 15:32
Housebuilder Bellway was lower amid a wider sector decline after Rightmove published data that showed the average asking price for a UK home dropped 0.8% from £272,275 in June to £270,159 in July. The also had its 'hold' rating reiterated by Deutsche Bank. Oil stocks including Cairn Energy weake
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreSector movers: Travel stocks drop on Air France profit warning
8th Jul 2014 14:51
A profit warning from Air France-KLM hit stocks in the UK-listed travel and leisure sector on Tuesday. Both IAG and easyJet were among the top decliners in London after the French-Dutch airline cut its 2014 target for operating profits from around €2.5bn to between €2.2bn and €2.3bn. Despite repor
Read moreSector movers: Transport, travel stocks hit by Lufthansa, Emirates news
11th Jun 2014 13:54
A profit warning from German carrier Deutsche Lufthansa and a cancelled aeroplane order by Emirates Airlines hit stocks in the UK transport, travel and leisure sectors on Wednesday. Shares in Lufthansa tumbled by as much as 14% in Frankfurt after saying that operating profits this year would be aro
Read moreMorgan Stanley screens say sell CRH, JD Wetherspoon and many others
10th Jun 2014 15:41
Morgan Stanley has put out a note compiling a list of stocks that its stock screens suggested were worthy of selling, including building materials group CRH and pub operator JD Wetherspoon. The note, entitled 'Stock screens suggest selling small caps', contains the latest in the broker's regular s
Read moreFTSE 250 movers: Crest Nicholson leads risers
9th Jun 2014 14:05
Sustainable housing group Crest Nicholson rose strongly just days after the government announced measures to boost housing supply in the UK amid rampant house-price inflation. Integrated support services company Carillion was lifted by the news it's 50/50 joint venture (JV) with Lafarge Tarmac has
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreThomas Cook sells UK corporate travel business
27th May 2014 15:38
Thomas Cook has agreed to sell its UK corporate travel business to Mawasem Travel & Tourism for 13.5m pounds. The UK corporate travel business, Co-operative Travel Management, is part of the joint venture between Thomas Cook, Co-operative Group and Midlands Co-operative. Mawasem Travel & Tourism
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