FTSE 100 movers: Shell rises after Q2 profit beats expectations
31st Jul 2014 16:18
Results from oil major Royal Dutch Shell jumped after it smashed analysts' estimates with its second-quarter profits. Shell, which has a market cap of around £156bn at current prices, said that earnings on a current cost of supplies basis surged to $5.1bn in the three months to 30 June, up from $2.4
Read moreBAE Systems downplays Airbus merger revival talk as H1 profits dip - UPDATE
31st Jul 2014 07:18
Defence group BAE Systems posted lower half-year sales and profits as it downplayed talk that it could revive its failed merger with the former EADS group now known as Airbus. BAE, which builds submarines, warships and parts for the Eurofighter Typhoon and F-35 Joint Strike Fighter, reported a drop
Read moreSunday newspaper round-up: Home Retail, strong pound, Lloyds Banking Group
27th Jul 2014 18:00
Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John Walden, who turned around Argos in the previous two years. Stronger sales and profitability at Homebase
Read moreSector movers: M&A, Farnborough lift aerospace and defence stocks
16th Jul 2014 14:47
M&A speculation and contract wins from the Farnborough Air Show were helping stocks in the aerospace and defence sector post solid gains on Wednesday. Aircraft components manufacturer and engineering group Meggitt was the standout performer in afternoon trade, up nearly 10% at 537p on the back of r
Read moreFARNBOROUGH PREVIEW - Aerospace outlook upbeat as air show starts, say analysts
14th Jul 2014 07:00
Turbulence is hitting aerospace and defence but the sector's prospects are still good, analysts said as industry chiefs gathered for the start of the Farnborough Air Show on Monday. Rising oil prices, airline profit warnings and the cancellation of an Airbus order have concentrated investors' minds
Read moreLondon pre-open: Modest gains ahead of busy week
30th Jun 2014 07:47
With traders set for a busier week than has been seen of late, the FTSE is expected to open around 10 points higher from Friday's close of 6,757.77, as investors gear up for multiple central bank decisions taking place in the next few days. Due out this morning are figures on consumer credit and m
Read moreBAE Systems restructures Saudi Arabian businesses
30th Jun 2014 07:47
Defence group BAE Systems is launching a shake-up of its businesses in Saudi Arabia. BAE said it was bringing together its stakes and those of partner Riyadh Wings Aviation Academy in companies specialising in training, electronics and IT systems engineering under a single holding company. Riyadh
Read moreLondon open: Subdued start as investors await comments from MPC
24th Jun 2014 09:02
- Stocks open broadly flat ahead of German data - BoE members face grilling from MPs - Domino Printing sinks on cautious outlook - Imagination Technologies impresses techMARK 2,823.59 -0.17% FTSE 100 6,806.42 +0.09% FTSE 250 15,666.80 -0.05% UK stocks opened more or less unchanged in early trading
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
Read moreBerenberg sees upbeat aerospace outlook, but Iraq unrest may weigh
17th Jun 2014 14:13
Defence firms are cashing in on more US budget certainty and civil aerospace prospects remain good, but Iraq unrest could throw the cat among the pigeons, broker Berenberg says. Civil aerospace and defence stock valuations have converged in the last year as defence headwinds have moderated and prof
Read moreSunday newspaper round-up: Lloyds Banking, Tesco, AstraZeneca
1st Jun 2014 14:03
Lloyds Banking Group has given TSB a £450m "dowry" as part of its £15bn initial public offering, the Sunday Telegraph reported. The small print of the TSB offer document reveals that Lloyds will pay up to £450m of integration costs if TSB changes its technology platform or is taken over. The unusual
Read moreCapita signs new deal with BAE Systems
22nd May 2014 09:27
Capita and BAE Systems have signed a contract for a strategic partnership which will see the former transform the existing method of IT service delivery for the later's submarine building business in Cumbria. The contract is expected to be worth between £60m and £70m over the next five years to Cap
Read moreLondon pre-open: FTSE to head lower, Yellen and Ukraine in focus
7th May 2014 07:40
London-listed stocks are expected to fall at the opening bell of today's session, extending yesterday's losses and tracking a negative finish in both the US and Asia overnight. City sources predict the FTSE 100 will open around 25 points yesterday's close of 6,798.56. Twitter, AIG and Netflix dra
Read moreBAE sees more predictable US defence spending
7th May 2014 07:08
Arms company BAE Systems said the outlook for defence spending in the US has become more predictable as it reported trading in line with expectations so far in 2014. BAE, which gets about half or more of its revenue from the US, said the defence budget eventually announced by Washington included sp
Read moreFTSE 100 movers: Sports Direct regains recent lost ground
16th Apr 2014 13:45
Sports Direct, IAG and Ashtead have all been under heavy selling pressure over the past week as investors took profits following some impressive gains over the last year. These stocks, however, were performing well today with Sports Direct the stand-out performer, rising more than 6% after Bank of
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