London open: Stocks pull back after Fed questions QE
21st Feb 2013 08:23
After hitting highs not seen since January 2008 yesterday, the FTSE 100 pulled back on Thursday morning as minutes from the latest Federal Reserve meeting showed that some policy-makers have begun to question current quantitative easing (QE) measures in the States. Stocks were boosted on Wednesday
Read moreUK defence firm BAE Systems posts fall in sales
21st Feb 2013 07:21
British defence giant BAE Systems was hit by constrained government budgets last year as the company posted a seven per cent fall in annual sales on Thursday. The security firm, whose proposed merger with planemaker European Aeronautic, Defence & Space Co. (EADS) fell through last October, reported
Read moreThursday newspaper round-up: BAE Systems. 4G auction, BP...
21st Feb 2013 06:58
British defence giant BAE Systems has warned it will be forced to cut 3,500 jobs in the US if the threat of Pentagon spending cuts becomes reality. The company said it had warned staff within its US ship repair business of the possible cuts after the US Navy signalled its 'intent to cancel' a number
Read moreLondon open: Chinese data weighs on miners
18th Feb 2013 08:56
London equities have begun today's session with the slightest of falls following news that retail sales in China over the Lunar New Year festivities last week rose at their slowest pace in four years, as authorities cracked down on extravagant spending by the public sector. US capital markets will
Read moreVodafone and BAE unveil partnership
18th Feb 2013 07:14
BAE Systems, a defence, aerospace and security company, has unveiled a five-year partnership with mobile communications giant Vodafone Group, under which it will provide businesses with a range of advanced communications security products and services, initially focused on smartphones and tablets.
Read moreLondon close: Barclays leads stocks higher as risk appetite increases
12th Feb 2013 17:00
Strong gains in the banking sector helped push the FTSE 100 one per cent higher on Tuesday afternoon, as markets welcomed news of a turnaround plan at UK lender Barclays. "European stock markets picked up some pace in Tuesday's session as traders upped their exposure to risk following recent weakne
Read moreFTSE 100 movers: Barclays leaps after results
12th Feb 2013 15:16
UK banking group Barclays was performing well today after releasing the details of its strategic review, which includes 3,700 jobs cuts. Meanwhile, the company said that adjusted profits before tax grew 26% to £7.05bn in 2012, helped by a 46% improvement in Corporate and Investment Banking and 52%
Read moreLondon midday: Banks pull Footsie into positive territory
12th Feb 2013 11:47
Stocks had pulled into positive territory by Tuesday lunchtime helped by strength in the banking sector as full-year results and the outcome of a strategic review at Barclays were well-received by the markets. Providing some support this morning was the news that credit ratings agency Standard & Po
Read moreBroker snap: Rolls-Royce is 'best-quality' company in sector, says JPMorgan
12th Feb 2013 10:38
JPMorgan Cazenove has initiated coverage of the European aerospace and defence sector, labelling Rolls-Royce, EADS and Thales as the stocks with the most share-price upside. However, it's FTSE 100-listed power systems group Rolls-Royce (rated 'overweight') that is named as the "best-quality company
Read moreTuesday newspaper round-up: Bumi, Yahoo, Osborne...
29th Jan 2013 06:40
Nat Rothschild escalated his battle with Bumi's board yesterday, dismissing their plans for a radical shake-up of the Indonesian coal miner he co-founded - before they had even been announced. Mr Rothschild, pictured, rubbished the promotion of Eko Budianto to be new head of a key Bumi subsidiary, d
Read moreFTSE 100 movers: Banks rise as miners head lower
28th Jan 2013 14:58
Banks were putting in a solid performance on Monday after Goldman Sachs raised target prices across the sector, led by the likes of Aberdeen Asset Management and Barclays, and offsetting declines in the mining sector. BAE Systems was higher after Societe Generale moved target price from 310p to 35
Read moreSunday share tips: Tullow Oil, AstraZeneca, Aviva
27th Jan 2013 17:20
It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market
Read moreBAE Systems COO to resign in March
25th Jan 2013 12:09
Larry Prior, Executive Vice President of the Service Sectors and Chief Operating Officer for BAE Systems, is resigning from the company with effect from March 30th. BAE systems' share price was down 0.12% to 342.4p at 12:13 on Friday. MF
Read moreMonday newspaper round-up: AstraZeneca, North Sea jobs, Glaxo...
14th Jan 2013 06:56
The Science Minister has lobbied the NHS to increase its use of an AstraZeneca heart medicine, amid mounting political concern about the drugs company's commitment to British jobs. David Willetts has urged health officials to accelerate the uptake of Brilique, a blood thinner used to treat patients
Read moreBAE Systems wants to lead F-15 upgrades market
8th Jan 2013 16:54
BAE Systems said on Tuesday it wants to dominate the F-16 fighter jet upgrades market by taking business away from competitor Lockheed Martin Corp, the Pentagon's biggest contractor. In an interview with Bloomberg, Dave Herr, President of BAE's support solutions business, said the London-based comp
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