FTSE 100 edges higher amid vaccine hopes and Biden picks November 25, 2020 The FTSE 100 rose for the second day as markets continued to be buoyed by positive vaccine news, president-elect Joe Biden’s cabinet picks, and stronger-than-expected US economic data. The FTSE rose 0.1 per cent in early trading, hitting 6,441 points. Its little brother, the FTSE 250, fell 0.5 per cent however. Market optimism yesterday sent [...]
UK capital raising hits decade-high amid coronavirus crisis November 25, 2020 The coronavirus pandemic has driven UK companies to raise the most money on public markets in a decade, with firms scrambling for cash returning to traditional fundraising methods, analysis shared exclusively with City A.M. has shown. Listed companies have raised more than £26bn this year from London Stock Exchange’s (LSE) main and AIM markets, analysis [...]
Wall Street hits record high on vaccine hopes and Biden transition November 24, 2020 US stocks pushed to record highs this afternoon as investors welcomed positive and signs that US President Donald Trump is accepting his election loss. The Dow Jones climbed 1.6 per cent to set a new record high, trading above 30,000 points for the first time. The gains mean it is on track to cement its [...]
Former IAG boss Willie Walsh to become IATA chief exec November 23, 2020 Willie Walsh, the outspoken former boss of British Airways-owner IAG, is set to become the head of global aviation body IATA. The Irishman stepped down from his role as chief executive of the European carrier group in September. He had been meant to leave in the spring, but agreed to carry out to shepherd IAG [...]
High life for the housebound? BA begins sale of first class stock November 23, 2020 You might not be able to fly first class at the moment, but you could slip into some first class slippers this Christmas after British Airways announced a sale of thousands of stock items. Housebound passengers missing the high life will be able to splash out on the full range of BA items, from champagne [...]
FTSE flattens mid-afternoon November 23, 2020 Cineworld, Tui, BA owner and pub companies lead FTSE vaccine bounce
FTSE 100 and US stocks slip as investors focus on virus November 17, 2020 The FTSE 100 fell along with global stocks after jumping yesterday, as investors eased off on their rush into risk assets with months of uncertainty still ahead for the global economy. Drug firm Moderna’s announcement that its vaccine had shown to be almost 95 per cent effective in late-stage trials cheered markets yesterday, sending the [...]
British Airways owner IAG will reportedly cut Air Europa purchase price to €400m November 17, 2020 British Airways owner IAG has reportedly managed to cut the price of its acquisition of Spanish airline Air Europa to €300m-€400m. A year ago, the airlines group agreed a €1bn deal to buy the low-cost carrier, but the deal has been delayed due to the coronavirus pandemic. But Spanish news site El Confidencial today said [...]
Wall Street and European markets cheer highly effective Moderna vaccine November 16, 2020 Wall Street indexes followedthe FTSE 100 and indexes in the rest of Europe higher after more good news in the search for a Covid-19 vaccine
Airline stocks take flight again on Moderna vaccine success November 16, 2020 Airline stocks took flight in the last few minutes as Moderna revealed that its coronavirus vaccine was 95 per cent effective. For the second Monday in a row, shares in listed carriers have soared on the back of announcements regarding vaccines. Last week Pfizer said that its vaccine, which it has developed with Biontech, was [...]