Westhouse Securities reiterates 'sell' recommendation on BAE Systems
30th Sep 2014 16:52
Shares of aerospace engineer BAE Systems have run up by 12% relative to the Footsie over the past quarter, but it's time to sell, say analysts at Westhouse Securities. Thus, the firm can be expected to benefit from weakness in sterling. However, several negative aspects seen in recent reporting peri
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreLondon midday: StanChart and HSBC lower on Hong Kong protests
29th Sep 2014 11:36
London's blue chip stocks were holding slightly lower come midday ahead of the release of the latest figures on personal income and spending Stateside, as traders kept an eye on recent events in Hong Kong. That comes in what is expected to be a very busy week both at home and abroad in terms of econ
Read moreLondon pre-open: Flat start predicted for FTSE
29th Sep 2014 07:42
London's blue chips are set to open flat on Monday morning ahead of a very busy week both at home and abroad, particularly in the latter half. City sources predict the FTSE 100 will open unchanged from Friday's close of 6,649. "European markets are set for an incredibly busy week as we see the f
Read moreBAE Systems maintains full-year guidance
29th Sep 2014 07:33
Despite the on-going, yet limited, disruptions to trading as a result of the 'sequestration' of US federal government expenditures defence contractor BAE Systems maintained its full-year earnings outlook. In its latest interim management statement for the three months ended on 28 September the group
Read moreLondon midday: BAE Systems leads gains on geopolitical worries
26th Sep 2014 12:14
The Footsie had reverted to positive higher by midday ahead of the release of two first-tier economic indicators in the States on Friday afternoon. UK equities traded lower throughout the better part of the morning, ignoring overnight losses in US markets which saw the Dow Jones Industrials and S&P
Read moreBAE is the place to be: high-end defence, UBS says
22nd Sep 2014 15:03
Analysts at UBS believe BAE Systems is in the right segments of the defence industry – aerospace and high-end technology – to capitalise on the increased emphasis on higher technology military operations. That is manifestly the case when one looks at the recent 50 nations for Air Power o
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreLondon close: Tesco and HSBC focus investors' attention
1st Sep 2014 17:21
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,858.54 +0.26% FTSE 100 6,825.31 +0.08% FTSE 250 15,957.13 +0.45% Figures showing a manufacturing slowdown in the Eurozone, UK and China capped
Read moreFTSE 100 movers: ITV a strong riser on bid speculation
1st Sep 2014 15:03
Shares in ITV were rising strongly on Monday on renewed speculation that Liberty Global could be preparing to launch a full-scale bid for the UK broadcaster. According to The Telegraph over the weekend, Liberty, which already owns a 6.4% stake in ITV through its investment in July, is "forming allia
Read moreLondon midday: Weak global manufacturing data weighs on UK stocks
1st Sep 2014 12:06
- Chinese, Eurozone and UK manufacturing PMIs fall - Markets looking ahead to BoE, ECB, US jobs data - Perform jumps on Access Industries offer techMARK 2,855.71 +0.16% FTSE 100 6,816.49 -0.05% FTSE 250 15,922.73 +0.23% Figures showing a manufacturing slowdown in China, the Eurozone and UK were we
Read moreBAE Systems non-exec cashes in 50,000 shares
22nd Aug 2014 17:36
Paul Anderson, a non-executive director of aerospace, defence and securities giant BAE Systems, has cashed in 50,000 shares. The shares were sold at 442.2p each, giving the deal a total trade value of £221,100. The deal came just three weeks after the company posted lower half-year sales and pro
Read moreBAE boss exercises options and sells shares worth £0.79m
13th Aug 2014 15:28
Ian King, the boss of BAE Systems, lifted his stake in the defence outfit on Wednesday after exercising options as part of the group's executive share option plan. King, who was appointed chief executive in 2008, exercised an option over 221,903 shares at an option price of 264p each under the plan
Read moreBAE and partner to sell Land Systems South Africa
11th Aug 2014 13:51
BAE Systems is planning to sell its stake in its jointly owned company Land Systems South Africa (LSSA) for 855m rand (around £48m), it announced on Monday. The FTSE listee will sell its 75% interest in LSSA, while parter DGD Technologies Proprietary will also dispose of its own 25% stake in the b
Read moreFriday newspaper round-up: Argentina, Gaza, Shell...
1st Aug 2014 06:37
Argentina's government was in a defiant mood on Thursday after defaulting on its debt for the second time in 13 years. Economy minister Axel Kicillof, speaking after 11th hour talks with bondholders in New York failed to avert a default, played down the impact it would have on the country's citizens
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