BAE agrees pricing on Saudi jet order deal
19th Feb 2014 08:10
Defence company BAE systems said it has finally signed a price escalation agreement with the Saudi Arabia government over the supply of Typhoon fighter jets to the country. No figures were given on the deal. The original agreement, signed nine years ago between the UK and Saudi governments, include
Read moreUK stocks erase losses, but corporate earnings weigh on sentiment
13th Feb 2014 16:55
- Stocks snap winning streak but pare losses by the close - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - US retail sales disappoint techMARK 2,823.82 -0.26% FTSE 100 6,659.42 -0.23% FTSE 250 16,029.39 -0.31% Profit warnings from Tate & Lyle and
Read moreSector movers: Rolls-Royce profit warning hits defence stocks
13th Feb 2014 16:27
Aerospace and defence stocks were hammered on Thursday by a profit warning from sector heavyweight Rolls-Royce, after the company said that cuts in government defence spending would keep a lid on profits this year. The world's second-largest maker of aircraft engines revealed an estimated 15-20% dr
Read moreFTSE 100 movers: Rolls-Royce nosedives on 2014 outlook
13th Feb 2014 14:35
Rolls-Royce's shares tumbled after the group said it expects flat 2014 revenue and profit due to cuts in government defence spending. The world's second-largest maker of aircraft engines revealed an estimated 15-20 per cent slump in defence revenue would hinder results this year as it reported its f
Read moreUK markets snap six-day winning streak after blue-chip profit warnings
13th Feb 2014 11:59
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - Miners fall, AMEC and Imperial rise techMARK 2,811.28 -0.70% FTSE 100 6,624.61 -0.76% FTSE 250 15,968.13 -0.69% UK stocks opened firmly lower on Thursday after a
Read moreUK stocks retreat from three-week high as earnings disappoint
13th Feb 2014 08:30
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce, Lloyds and Rio fall after updates - AMEC, Imperial rise techMARK 2,817.35 -0.49% FTSE 100 6,649.80 -0.38% FTSE 250 15,999.35 -0.50% UK stocks opened with moderate losses on Thursday after poorly-received results and updates from a nu
Read moreSunday newspaper round-up: RBS, Centrica, Vodafone
2nd Feb 2014 17:27
The Bank of England will question Royal Bank of Scotland over its capital position in the next two weeks, the Sunday Telegraph reported. The BoE's Prudential Regulatory Authority arm will call in RBS boss Ross McEwan to check on the bank's capital strength in light of his strategy review, due Februa
Read moreBroker tips: Morrison, Betfair, HomeServe, Defence stocks
13th Jan 2014 12:12
Broker Shore Capital said it expects activist investors to continue to show interest in supermarket group Morrisons as reports suggested it was planning to sell part of its shop portfolio. Shore highlighted claims that US funds such as Elliott Associates had built a stake in Morrisons with a possib
Read moreBroker snap: UBS ups defence targets after US budget deal
13th Jan 2014 09:58
UBS has lifted its target prices for European aerospace and defence stocks, saying that the budget deal in the States reduces the uncertainty hanging over the sector. After being passed by Congress in mid-December, President Barack Obama signed a two-year budget deal at the start of the year that e
Read moreBAE Systems appoints new CEO of US subsidiary
7th Jan 2014 14:01
BAE Systems has appointed Jerry DeMuro as President and Chief Executive of the UK-based defence, security and aerospace company's US subsidiary. DeMurom, who was Executive Vice President and Corporate Vice President for the Information Systems and Technology group at General Dynamics, will succeed
Read moreLondon close: Stocks end week higher after six straight falls
20th Dec 2013 17:05
- FTSE 100 at highest since November 29th - GDP revised higher in UK and US - Vedanta gains ahead of FTSE reshuffle - BAE tumbles after missing out on UAE contract techMARK 2,737.30 +0.08% FTSE 100 6,606.58 +0.33% FTSE 250 15,636.59 +0.30% UK stocks pushed higher on Friday, sending the FTSE 100 to
Read moreFTSE 100 movers: Carnival, Vedanta Resources, Coca-Cola...
20th Dec 2013 14:38
Carnival Corp. gained as Credit Suisse raised its rating to 'buy' from 'neutral' after the cruise operator provided a 2014 earnings forecast that exceeded analysts' estimates. Mining company Vedanta Resources advanced as the price of copper rose. Coca-Cola rallied after JP Morgan restated its 'ov
Read moreLondon midday: Stocks at three-week high after UK GDP data
20th Dec 2013 12:00
- FTSE 100 at three-week high - UK GDP revised higher - UK deficit jumps, consumer confidence weakens - BAE drops, Carnival sails higher techMARK 2,728.33 -0.24% FTSE 100 6,593.31 +0.13% FTSE 250 15,616.15 +0.17% UK markets held on to gains on Friday morning as stocks continue to trade at levels
Read moreBroker tips: Carnival, BAE Systems, Euromoney
20th Dec 2013 11:16
Cruise operator Carnival's full-year results released on Thursday could be an 'inflection point for sentiment', according to analysts at Numis Securities. Nevertheless, the broker has left its 'hold' rating and 2,250p target price in place. "The key messages from yesterday's FY13 results for Carniv
Read moreBroker snap: UBS cuts BAE target as UAE deal falls through
20th Dec 2013 09:25
UBS has lowered its target price for defence group BAE Systems from 490p to 475p after the United Arab Emirates (UAE) withdrew its interest in buying 60 Eurofighter Typhoon jet fighters. The announcement, made at the close of trade on Thursday evening, comes as a major blow for the defence group wh
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