BAE awards Rolls-Royce engine contract for Type 26 warships
10th May 2016 11:42
(ShareCast News) - Rolls-Royce has won a contract from BAE Systems to supply low-emission diesel engines for the Royal Navy's new Type 26 anti-submarine warships. Rolls-Royce's MTU subsidiary has been charged by BAE with manufacturing four diesel generators for the first three ships initially. BAE
Read moreBAE Systems repeats guidance after 'good momentum' in first quarter
4th May 2016 08:18
(ShareCast News) - BAE Systems has reported a good start to the new financial year, with directors confident the good momentum is in line with full year targets. Speaking at the FTSE 100 company's annual shareholder meeting, chief executive Ian King is due to say: "Whilst economic and geo-political
Read moreFriday newspaper share tips: Centrica, BAE Systems
19th Feb 2016 15:30
(ShareCast News) - Calmer waters may lie ahead for Centrica this year if the company's boss can deliver on the promises made to investors, the Financial Times's Lex column said. Impairments on Centrica's exploration, production and power assets rose to over £1.8bn pushing the company's full year pro
Read moreBAE Systems hits targets and sets growth sights for 2016
18th Feb 2016 07:05
(ShareCast News) - BAE Systems has posted full year results that are in line with City expectations and issued guidance that underlying earnings per share will rise between 5-10% in 2016 as it enters what it says is an improved business environment. For 2015, the defence and aerospace group saw unde
Read moreThursday preview: BAE Systems and Centrica report full year results
17th Feb 2016 12:36
(ShareCast News) - BAE Systems and Centrica are expected to report declines in full year profits on Thursday. Deutsche Bank (DB) said it predicted defence gaint BAE Systems to reveal a 3.2% drop in 2015 earnings before interest and tax to £1.65bn. Underlying earnings per share are expected to be dow
Read moreLondon open: Stocks jump after China sets higher value for the yuan
15th Feb 2016 08:20
(ShareCast News) - Stocks jumped out of the gate after China's central bank set a higher daily reference value for the country's currency, with central bank chief Zhou Xiaochuan talking about the need for patience in balancing reform, growth and stability, as well as China's need to remain a respons
Read moreLondon pre-open: Stocks to start higher, tracking gain in yuan, Nikkei-225
15th Feb 2016 07:54
(ShareCast News) - The Footsie was being called to start the session sharply higher, with sentiment buoyed by gains in stocks overnight in Tokyo and last Friday, on Wall Street. To many investors' relief, the People's Bank of China set today's fixing for the country's currency, the yuan, 0.3% higher
Read moreBAE Systems appoints Charles Woodburn as COO
15th Feb 2016 07:22
(ShareCast News) - Defence group BAE Systems said on Monday it has appointed Charles Woodburn to the newly-created role of chief operating officer, following press reports over the weekend that it was lining Woodburn up to be the next chief executive officer. Woodburn will report to CEO Ian King, an
Read moreSunday newspaper round-up: Bank funding, North Sea oil tax, HSBC, Anglo
14th Feb 2016 17:39
(ShareCast News) - The European Central Bank and its London counterpart have held talks after the Bank of England raised the alarm over the potential threat of a funding crisis in the banking sector. Three senior London bankers have told the Sunday Times that their normal efforts to raise money from
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreBerenberg turns stock picking spotlight on defence sector
20th Jan 2016 11:58
(ShareCast News) - Highlighting the importance of stock selection in the defence sector, Berenberg shone a spotlight on increasing margin pressures in coming years and downgraded Qinetiq to 'sell', upgraded Ultra Electronics to 'buy' and reiterated a 'sell' on Cobham. Berenberg, which also kept its
Read moreLondon close: Homebuilders lead bounce after Carney's remarks
19th Jan 2016 16:15
(ShareCast News) - Equities bounced back on Tuesday as a slowdown in Chinese economic growth fuelled stimulus hopes in Asia's largest economy and following 'dovish' remarks from the Governor of the Bank of England. The Footsie finished 96.88 points or 1.68% higher at 5,876.80 points, while the secon
Read moreFTSE 100 movers: China data gives boost to miners
19th Jan 2016 13:38
(ShareCast News) - The FTSE 100 surged on Tuesday, rising 102.51 points (1.77%) to 5,882.43 by mid-afternoon. The market was led by the miners, after worse-than-expected economic growth data from one of the world's largest commodities consumers raised hopes of further stimulus measures. China's gro
Read moreBroker tips: AstraZeneca, BAE Systems, Unilever
19th Jan 2016 10:57
(ShareCast News) - Barclays upgraded AstraZeneca to 'equalweight' from 'underweight' and lifted the price target to 5,000p from 4,400p following a review of the pipeline and the recent Acerta Pharma and ZS Pharma deals. It said the upgrade reflected "an attractive growth outlook balanced by the pote
Read moreBAE Systems slips on Credit Suisse downgrade
19th Jan 2016 09:07
(ShareCast News) - BAE Systems was under pressure on Tuesday after Credit Suisse downgraded the stock to 'underperform' from 'neutral', saying it was not the bank's preferred defence name, particularly after its recent strong run. CS said given the current backdrop of heightened security threats and
Read more