London midday: Stocks at one-month high on Vodafone capital return
21st Feb 2014 11:45
- Vodafone and RBS provide a lift - Vodafone capital return lifts sentiment - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest level in month techMARK 2,884.38 +0.29% FTSE 100 6,827.26 +0.21% FTSE 250 16,401.56 +0.20% UK stocks rose to levels not seen in a month on Friday as a windfal
Read moreFriday tips round-up: BAE Systems, Cobham, Rolls Royce, Ultra
21st Feb 2014 08:17
Markets hate uncertainty and BAE Systems still has quite a bit of it. Indeed, the picture regarding the outlook for defence spending Stateside is now much clearer, crisp and clean even - but also quite sombre. Back in the UK, things are just about as clear, and sombre too. This is a company whose re
Read moreBAE Chairman shows confidence despite weaker outlook
20th Feb 2014 16:47
The newly appointed Chairman of BAE Systems made a show of faith on Thursday after the group gave a weaker outlook for the year ahead in its final results. Sir Roger Carr, who was promoted from his previous role as a non-executive director at the beginning of this month, acquired himself a stake
Read moreLondon close: First rise in Bank rate possible before elections
20th Feb 2014 16:36
- Markets pare early losses - Weak Chinese data weighs on mining stocks - FOMC minutes prompt some rate hike fears - First rise in Bank rate could come before elections techMARK 2,876.09 +0.02% FTSE 100 6,812.99 +0.24% FTSE 250 16,368.83 +0.13% UK markets managed to recoup early losses following
Read moreFTSE 100 movers: BAE slides on possible profit drop
20th Feb 2014 15:38
Military hardware manufacturer BAE Systems slumped despite reporting a three per cent increase in operating profits to 1.9bn pounds for 2013, after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending. Mining stocks Anglo American, Glencore Xstra
Read moreSector movers: Gloomy guidance from BAE hits aerospace/defence stocks
20th Feb 2014 15:13
Gloomy guidance from heavyweight blue chip BAE Systems dragged the aerospace and defence sector into the red on Thursday. The share price of military hardware manufacturer BAE Systems dropped sharply today after it warned that profits in 2014 could fall by up to 10% on the back of pressures on US g
Read moreBroker tips: BAE Systems, RBS, BT Group, Rathbones Brothers
20th Feb 2014 12:49
Despite a warning from BAE Systems that cuts in US military spending will slash profits by up to 10 per cent, Jefferies has rated the stock a 'buy' with a price target of 350p, stating that the company's woes will be short-term as the firm's US businesses "hit bottom" in 2014. The stock sank sharpl
Read moreLondon midday: Chinese data hits miners, BAE and Rexam drop
20th Feb 2014 11:35
- Markets pare early losses but still trading lower - Weak Chinese data weighs on mining stocks - FOMC minutes prompt rate hike fears - BAE, Rexam fall sharply after 2013 results techMARK 2,861.08 -0.50% FTSE 100 6,777.54 -0.28% FTSE 250 16,246.72 -0.62% UK markets were trading in the red on Thurs
Read moreBroker Jefferies rates BAE shares a 'buy', says earnings woes 'short term'
20th Feb 2014 09:42
Despite a warning from BAE Systems that cuts in US military spending will slash profits by up to 10%, Jefferies has rated the stock a 'buy' with a price target of 350p, stating that the company's woes will be short-term as the firm's US businesses "hit bottom" in 2014. BAE Systems' guidance for 20
Read moreLondon open: BAE, Rexam lead markets lower early on
20th Feb 2014 09:04
- BAE and Rexam disappoint with guidance - Mining stocks fall after Chinese manufacturing data - FOMC minutes in focus techMARK 2,849.73 -0.90% FTSE 100 6,750.47 -0.68% FTSE 250 16,220.96 -0.77% UK stocks fell on Thursday morning, tracking losses on US and Asian markets, with heavy losses from blu
Read moreBAE Systems 2013 profits up but sees decline in future earnings
20th Feb 2014 07:05
Military hardware manufacturer BAE Systems has reported a three percent increase in earnings before interest, tax, and amortisation (EBITA) to 1.9bn pounds for the year to December 31st 2013, but warned that profits in 2014 could fall by up to 10 per cent on the back of pressures on US government sp
Read moreThursday preview: Centrica and BAE Systems report annual results
19th Feb 2014 14:17
British Gas owner Centrica will release its full-year results on Thursday after UBS warned that pressure from the government to lower energy prices would hurt margins. UBS on Tuesday cut its rating of the utility to 'sell' from 'neutral' and target price to 280p from 340p, citing increasing politi
Read moreFTSE 100 movers: Sports Direct jumps after strong update
19th Feb 2014 14:02
Sports Direct International shot to the top of the risers after group sales in the quarter to January 26th rose 11.2 per cent from the previous year to 655.4m pounds. Gross profit gained 14.6 per cent to 280.7m pounds during the period with growth across all its divisions including Sports Retail, Br
Read moreLondon midday: Stocks slip after surprise increase in jobless rate
19th Feb 2014 11:41
- UK jobless rate rises to 7.2 per cent, above estimates - MPC votes unanimously to leave policy unchanged - Ex-div stocks provide a drag on FTSE - Sports Direct jumps after Q3 update techMARK 2,855.22 -0.93% FTSE 100 6,761.33 -0.52% FTSE 250 16,233.58 -0.66% UK markets pulled back from a four-w
Read moreLondon open: Stocks pause at four-week high ahead of data, BoE minutes
19th Feb 2014 08:16
- Markets at highest since January 22nd - UK labour-market data due out, BoE minutes - Sports Direct, M&S, BAE Systems lead the upside - Ex-div stocks weigh techMARK 2,878.02 -0.14% FTSE 100 6,798.45 +0.03% FTSE 250 16,340.79 -0.01% UK stocks opened more or less flat on Wednesday morning after th
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