Last checked at 1 Aug 2023 09:24
LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
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International Airlines Information
Share Price Information for International Airlines (IAG)
Share Price is delayed by 15 minutes
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Share Price:
176.30
Bid:
176.75
Ask:
176.85
Change:
0.15 (0.09%)
Spread:
0.10 (0.057%)
Open:
177.75
High:
178.70
Low:
174.65
Prev. Close:
176.15
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Wed, 07th Oct 2015 10:24
(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 price," said Credit Suisse, as it cut its stance on European airlines to 'benchmark' from 'overweight'.Beyond lower fuel costs, CS said the fall in the oil price has also benefitted airlines through the boost it has given to consumer incomes. It said this was particularly true for budget airlines, which are predominantly consumer plays, as opposed to the flag-carriers where up to half of revenue is corporate-related.Still, the bank said that if oil prices were to stabilise or stage a modest recovery, one of the most significant tailwinds airlines have recently enjoyed would fade away. In addition, it argued that there are some signs that capital discipline is deteriorating: capex to sales has increased and historically a low oil price has been associated with an increase in competition, it said.It said that while valuations are still attractive on 12-month forward P/E relatives and earnings momentum is positive, the latter is at levels where it has historically rolled over, with earnings revisions boosted by the falling oil price."On top of that, the sector is overbought," it added.Oil prices surged on Tuesday after the Organisation of Petroleum Exporting Countries forecast big cuts to oil investments that are expected to slow production and reduce global crude supplies. In addition, the Energy Information Administration estimated that crude production in September was down 120,000 barrels a day from August and said output is likely to continue to decline through next August.At 1030 BST, Air France-KLM shares were 4.8% lower at €5.82, Easyjet was 4.4% weaker at 1,683p, IAG shares were down 4.1% at 563.50p, Ryanair shares off 3% at €12.81, and Deutsche Lufthansa was 2.6% weaker at €13.08.
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31 Jul 2023 17:27
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Beverages down on Heineken's outlook
*Read more31 Jul 2023 16:56
LONDON MARKET CLOSE: FTSE 100 inches higher as BoE moves into focus
(Alliance News) - European equities closed slightly higher on Monday, supported by favourable eurozone data and the hope of more stimulus in China, after an underwhelming factory reading there.
Read more31 Jul 2023 14:57
BofA Merrill Lynch lifts IAG price target, reiterates 'buy'
(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.
Read more31 Jul 2023 14:45
Broker tips: IAG, Babcock
(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.
Read more31 Jul 2023 12:06
LONDON MARKET MIDDAY: Europe rises but FTSE 100 underperforms
(Alliance News) - Stock prices in London were lower at midday on Monday, though European peers were on the rise, following favourable eurozone economic data.
Read more31 Jul 2023 09:16
LONDON BROKER RATINGS: Oddo BHF raises IAG to 'outperform'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more28 Jul 2023 17:44
UK's FTSE 100 ends flat as BOJ sparks rate worries, higher on the week
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*Read more28 Jul 2023 16:58
LONDON MARKET CLOSE: FTSE 100 flat as DAX surges to record high
(Alliance News) - London's FTSE 100 tread water on Friday, after a trio of central bank decisions, and as focus turns to the Bank of England next week and the US jobs report.
Read more28 Jul 2023 12:34
Air France-KLM's rising costs overshadow profit beat
Q2 operating profit 733 mln euros vs forecast 663 mln
*Read more28 Jul 2023 11:47
LONDON MARKET MIDDAY: FTSE 100 treads water on blue chip earnings
(Alliance News) - Stock prices in London were mixed at midday on Friday, after a busy week of earnings comes to an end.
Read more28 Jul 2023 09:27
TOP NEWS: IAG to restore flight capacity to pre-pandemic by year-end
(Alliance News) - International Consolidated Airlines Group SA on Friday said it will return its flying capacity back to the level seen before the Covid-19 by the end of 2023, as it reported a dramatic swing to profit in the first half of the year.
Read more28 Jul 2023 08:52
British Airways-owner IAG beats forecasts, but wary on outlook
Q2 profit 1.25 bln euros vs 895 mln forecast
*Read more28 Jul 2023 07:54
LONDON BRIEFING: NatWest posts interim growth; IAG swings to profit
(Alliance News) - Stocks in London are called slightly lower on Friday, with investors having plenty to consider amid the week's swathe of corporate earnings and central bank decisions.
Read more28 Jul 2023 07:35
BA owner IAG posts record first-half operating profit
(Sharecast News) - British Airways and Iberia owner IAG posted a record first-half profit on Friday as it hailed a strong performance across the group.
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