Saturday, 30th May 2015

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News & Reports

Friday tips round-up: IAG, Serco

Fri 29th May 15, 16:53:32

IAG saw profits nearly double last year and they are expected to rise sharply again in 2015, but the company may face a raft of headwinds over the coming year. For starters, the acquisition of Aer Lingus has yet to close. Even if it does, regulators might still ask IAG to divest slots at Heathrow.

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Today's Market Reports

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US close: stocks end week on losses as data disappoints

US stocks closed lower on Friday, as a raft of underwhelming data reports disappointed investors and revealed that the economy contracted in the first quarter for the second consecutive year. Yesterday

Bonds: Sovereign bond yields little changed after slate of GDP data

Sovereign bond yields were little changed as the market digested economic growth reports out of Greece, Switzerland and the US. Yesterday

Google launces Apple Pay competitor, updates smart watch

Google has announced its own contactless payment system and a newly updated Android Wear smartwatch in moves to challenge tech giant rival Apple. Yesterday

Buhari takes office as President of Nigeria

Muhammadu Buhari was sworn in as Nigeria's new president on Friday, having ousted Goodluck Jonathan in the country's elections back in March. 2 days ago

Sector Movers: Miners, foods retailers send London market lower

London market slipped back into the red on Friday trading, with miners and food retailers bearing the brunt of the selloff. Yesterday

Cuba removed from US terrorism list

Cuba has been formally removed from the United State's list of state sponsors of terrorism on Friday in a decision that was widely expected following a review earlier this year. Yesterday

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