
(ShareCast News) - European airline stocks fell sharply on Wednesday, dragged lower by rising oil prices and a downgrade by Credit Suisse. "We can see the close correlation between airlines and the oil price, with much of their recent outperformance resulting from the renewed weakness in the oil pri
(ShareCast News) - London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose. Anglo American, Rio Tinto and BHP Billiton topped the FTSE 100 in morning trade as the price of gold and copper jumped on the Comex. SABMiller was also on the front foot, reversing the previ
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group said group passenger traffic, measured in revenue passenger kilometres, was up 13.9% from last year in September to 21.4m. The load factor meanwhile, which measures how full the planes were, was up 0.2 per
(ShareCast News) - JPMorgan Cazenove upgraded International Consolidated Airlines Group to 'overweight' from 'neutral' and lifted its price target to €9.55 from €8.50. JPM highlighted IAG's potential to expand profitability beyond the 1-2% unit cost savings discounted in the bank's medium-term estim
(ShareCast News) - JPMorgan Cazenove upgraded International Consolidated Airlines Group to 'overweight' from 'neutral' and lifted its price target to €9.55 from €8.50. JPM highlighted IAG's potential to expand profitability beyond the 1-2% unit cost savings discounted in the bank's medium-term estim
(ShareCast News) - It has been a positive day for the FTSE100, regaining 129.31 points (2.18%) on Wednesday to 6,065.15 after Tuesday's massive falls. International Consolidated Airlines Group was the biggest riser, up 4.85% after Morgan Stanley said the company "moves to our top 'overweight' pick i