BAE Systems' Hudson sells 95,000 shares
13th Nov 2013 16:15
Linda Hudson, the President and Chief Executive Officer of BAE Systems Inc., on Tuesday reduced her stake in the group by 95,000 shares. Hudson, who is an Executive Director of BAE Systems plc., disposed of the shares at 450.90p for a total trade value of £428,356. The defence group a month ago
Read moreBroker tips: BAE Systems, Old Mutual Group, Coca Cola HBC
8th Nov 2013 14:25
Investec downgraded its rating of BAE Systems from 'buy' to 'hold' amid concerns of the over a Saudi jet fighter deal. The broker said it worried negotiations over a Saudi order for 72 Typhoon jet fighters, known as the Salam deal, could fall through. "BAE remains relatively inexpensive, while con
Read moreBroker snap: Investec downgrades BAE Systems over Salam deal
8th Nov 2013 11:15
Investec downgraded its rating of BAE Systems from 'buy' to 'hold' amid concerns of the over a Saudi jet fighter deal. The broker said it worried negotiations over a Saudi order for 72 Typhoon jet fighters, known as the Salam deal, could fall through. "BAE remains relatively inexpensive, while con
Read moreLondon close: Stocks fall as Fed speculation overshadows ECB euphoria
7th Nov 2013 16:31
- ECB cuts main policy rate - US GDP picked up in Q3, eyes turn to jobs data - Randgold jumps after Q3 results techMARK 2,643.07 -0.40% FTSE 100 6,697.22 -0.66% FTSE 250 15,389.52 -0.09% As the initial euphoria following a rate cut in Europe faded, UK stocks swung sharply into the red on Thursday
Read moreFTSE 100 movers: Randgold leaps on strong profit rise
7th Nov 2013 15:17
Randgold Resources was the strongest riser after it said quarter-on-quarter profit increased 80 per cent following a strong performance by its flagship Loulo-Gounkoto complex in Mali. The group said gold sales increased to $348.7m from $318.3m a year earlier as the average gold price received per
Read moreSector movers: Rolls-Royce, BAE, Meggitt lift aero/defence
7th Nov 2013 14:29
The aerospace and defence sector was in demand on Thursday afternoon with heavyweight constituents Rolls-Royce, BAE Systems and Meggitt providing a boost. Power systems group Rolls-Royce was trading 1.3% higher at 1,165p after winning a contract extension with the US Department of Defence to provid
Read moreBAE Systems announces rationalisation of naval business, 1,775 layoffs
6th Nov 2013 12:40
- Type 26 capacity to centre on Glasgow - Proposal to build three Offshore patrol Vessels - BAE Systems to lay-off 1,775 personnel through 2016 - MoD to bear cost of restructuring Defence specialist BAE Systems is to rationalise its UK naval ship business, shifting its manufacturing base towards
Read moreWednesday newspaper round-up: Minority investors, chemicals, power shortages
6th Nov 2013 07:20
Half of the UK's top flight FTSE 100 companies are to be hit by new rules designed to prevent a repeat of the stock market scandals at companies like ENRC and Bumi, where controlling shareholders rode roughshod over ordinary investors. The City regulator, the Financial Conduct Authority (FCA), has o
Read moreLondon close: Stocks pull back from five-month high
23rd Oct 2013 17:01
- Miners, banks weigh on Footsie - Money-market rates spike in China - RSA up on bid speculation techMARK 2,624.47 -0.41% FTSE 100 6,674.48 -0.32% FTSE 250 15,494.97 -0.11% The FTSE 100 finished in negative territory for the first time in 10 trading sessions on Wednesday as traders took profits af
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon open: Stocks snap nine-day winning streak
23rd Oct 2013 08:14
Equities pulled back from a five-month high on Wednesday with ex-dividend names weighing on markets in London as traders took a breather following a recent strong run. The FTSE 100 snapped a nine-day winning streak this morning to trade around 0.5% lower than Tuesday's finish of 6,695.66, the index
Read moreLondon close: Markets rise for eighth straight day, but RBS sinks
21st Oct 2013 16:54
The FTSE 100 hit a two-and-a-half-month high on Monday ahead of the eagerly anticipated US jobs report as markets managed to offset some heavy falls from heavyweight bank RBS. The UK lender dropped nearly 5% today after Chancellor George Osborne was quoted as saying that a decision over a 'good ban
Read moreSector movers: QinetiQ leads defence stocks higher on M&A reports
21st Oct 2013 15:44
Aerospace and defence stocks were gaining ground on Monday as deal speculation, trading updates and upbeat broker commentary lifted the sector higher. QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. Hopes
Read moreFTSE 100 movers: BAE and Rolls-Royce boosted by Citigroup comments
21st Oct 2013 14:30
BAE Systems and Rolls-Royce were today making gains after analysts at Citigroup said that they have a "positive outlook" on civil aerospace due to a ramp-up of new aircraft production and rising production of legacy aircraft. While the bank said it is still cautious on the wider defence sector, it
Read moreLondon midday: FTSE 100 at a two-and-a-half-month high
21st Oct 2013 11:22
The FTSE 100 was trading at its highest levels since early August on Monday morning as equities extended gains made last week following the last-minute US deal to extend the debt ceiling. Upside was limited in morning trade, but London's benchmark index still managed to push past its September high
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