NO FRILLS airline Ryanair has seen its share price on the up since March, and with oil prices falling, the stock is finding further support. It is due to report figures today and the expectations are that passenger numbers have increased. Capital Spreads quotes 3.54p-3.58p.
Optimism has increased about tomorrow's first quarter Marks and Spencer trading update, after last week’s better than expected UK retail sales figures, which could well surprise to the upside due to warm April weather and the extended Easter break. CMC Markets offers a spread of 401.21p-402.21p.
The news of recovery in the London letting market and early pre-lets has helped lift the share price of Great Portland Estates by around 17 per cent this year. But that hasn’t stopped short sellers from building positions against it, with the proportion of the company’s shares on loan more than doubling from 3 to 6.5 per cent since December. Spread Co offers a spread of 419.5p-420.6p.
BP managed to finish last week on a brighter note with a broker upgrade and news that it recovered $1.1bn from the Japanese partner involved in the ill-fated Gulf of Mexico drilling project. Even if this is a drop in the ocean against a total claim estimated at $41bn, analysts seem supportive of the stock with bullish target prices in play. Even the seemingly imminent failure of the Rosneft deal is being perceived as a blessing in disguise. Current IG Index price is 465.5p-466.5p.
The hotly awaited IPO of Glencore International launched spectacularly last week with the first day’s volume of business being more than ten times the volume of the second most traded equity in the FTSE 100. On Tuesday, Glencore International will start trading in the FTSE 100 and for one week existing account holders with WorldSpreads will be eligible to spread bet on this stock spread free.