FTSE buoyed by upbeat corporate results April 26, 2011 Strong corporate results and positive broker research buoyed the FTSE today, leading the market to its highest close in more than two months. The FTSE 100 closed 0.9 per cent higher at 6.069.36 in low volumes following the long Easter weekend and ahead of a second four-day weekend to celebrate the Royal wedding and Mayday. [...]
EU tells UK to relax liquids on planes ban April 25, 2011 BRITISH airports face disastrous consequences if they fail to agree to the lifting of a ban on carrying liquids onto aeroplanes, the EU has warned. The warning comes after Philip Hammond (pictured), the transport secretary, refused to go ahead with the first phase of relaxing liquids restrictions, which is due this week. From 29 April, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 19, 2011 FINANCIAL TIMES EXXON CHIEF CLAIMS BP LOST TIME BP lost valuable time at the height of its devastating accident in the Gulf of Mexico last year pursuing solutions to contain the oil spill that were never going to succeed, the chief executive of ExxonMobil has claimed. In a sharp criticism of the handling of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 17, 2011 FINANCIAL TIMES EU TO PROBE DATA TRAFFIC MANAGEMENT Regulators are to launch the first pan-European investigation into telecoms companies’ controversial data traffic management practices, in an attempt to safeguard so-called net neutrality principles. European regulators will scrutinise whether fixed-line phone and mobile operators are giving consumers enough information about their traffic management policies. ACTELION GAINS [...]
BA crew won’t strike over Easter April 14, 2011 British Airways cabin crew will not strike over the Easter and royal wedding bank holidays, the airline and Unite union said in a joint statement yesterday. BA’s new chief executive Keith Williams and Unite boss Len McCluskey have agreed to extend a prior deadline of 15 April for any strikes to be announced, meaning crunch [...]
Global growth fears weigh on FTSE April 12, 2011 Worries over global growth and Japan’s continuing nuclear crisis have combined to cause an almost 100-point plunge on the FTSE today. The FTSE 100 lost 89 points in the day’s trading to close 1.5 per cent down at 5,964.47 after the International Monetary Fund downgraded the US’ growth forecast to 2.8 per cent and the [...]
Tyco shares bounce on talk of takeover April 11, 2011 SHARES in US industrial conglomerate Tyco International received a boost yesterday after news of bid interest from Schneider Electric. Schneider, which works with British Airways and public sector bodies on energy efficiency projects, is thought to have hired bankers to examine Tyco ahead of a possible takeover offer, although the plan is at an early [...]
THE TIPSTER AIRLINES, ENERGY, NEWS AND BOOKIES April 11, 2011 RISING fuel prices and the ongoing threat of industrial action at its British Airways division is making it a difficult time for International Consolidated Airlines, despite last week’s encouraging traffic figures. Clearly any progress in the Libya situation may help ease oil prices and in turn give the sector as a whole something of a [...]
BAA air traffic edges higher April 11, 2011 Passenger traffic at BAA airports rose slightly last month compared with March 2010, helped by the popularity of flights to China and India from London’s Heathrow and growth at its three Scottish airports. BAA, majority owned by Spanish infrastructure group Ferrovial, said 8.27 million passengers flew from its UK airports last month compared with 8.19 [...]
BEST OF THE BROKERS April 6, 2011 BURBERRY Nomura rates the luxury retailer “neutral” with a target price of £12. The broker expects the firm’s half-year trading update on 19 April to show a 14 per cent rise in like-for-like retail sales, which will make up 70 per cent of overall sales. While Nomura expects another vintage year from Burberry, it has [...]