BAE Systems lands five-year deal with US Army
8th Jan 2013 09:16
BAE Systems has been selected as one of the prime contractors to provide software and system engineering services to the US Army Communications-Electronics Command (CECOM). The UK defence contractor will offer support to the CECOM's Software Engineering Center (SEC) under a five-year multi-award In
Read moreThursday newspaper round-up: Defence companies, Bank levies, Martin Sorrell...
3rd Jan 2013 07:02
Defence companies competing for a 1.5bn-pound contract to replace Britain's military air traffic infrastructure will submit proposals over the next few days. Three teams including BAE Systems and Lockheed Martin are vying for the work, which will be undertaken over a period of 22 years. The contract
Read moreLondon close: Investors take profits ahead of Christmas
21st Dec 2012 16:31
- Cancelled 'Plan B' vote results in sell-off - Boehner pledges to continue negotiations - Miners and financials in the red While stocks managed to stage a small comeback in afternoon trade, the UK market finished the week on a dull note, with 'fiscal cliff' fears dampening the festive cheer ahead
Read moreFTSE 100 movers: Miners and financials in the red
21st Dec 2012 15:07
Miners and financial stocks were bearing the brunt of the bearish mood on markets on Friday as investors cut positions in riskier assets on concerns over the US economy. However, Randgold Resources was bucking the trend as gold prices advanced following heavy losses this week. Banks were under th
Read moreLondon midday: Risk appetite scaled back on 'fiscal cliff' fears
21st Dec 2012 11:20
On the last full day of trading before the Christmas holiday, there was little evidence of a 'Santa Rally' on the FTSE 100 with worries about the 'fiscal cliff' Stateside providing a drag on the market. "This week will likely be remembered for the US fiscal cliff hanging over the markets and invest
Read moreLondon open: Stocks fall after Republicans cancel 'plan B' vote
21st Dec 2012 08:20
Concerns over the US 'fiscal cliff' increased overnight after House Speaker John Boehner cancelled a vote on a back-up tax-cut plan after failing to receive enough support by his own party. As expected, stock markets across Europe were registering moderate losses in early trading on Friday. Marke
Read moreBAE to supply aircraft to Oman -UPDATE
21st Dec 2012 07:31
BAE Systems has confirmed it has signed a multi-billion pound deal with the government of Oman to supply of Typhoon and Hawk Advanced Jet Trainer aircraft. The contract, which is worth around £2.5bn, will see the defence firm deliver 12 Typhoon and 8 Hawk aircraft starting in 2017. BAE will be th
Read moreLondon close: Stocks finish flat on US budget uncertainty
20th Dec 2012 16:52
The FTSE 100 index finished broadly flat on Thursday afternoon, taking a pause of two days of decent gains, with the focus remaining on the US 'fiscal cliff' ahead of the Christmas holiday. Even a positive surprise in US gross domestic product (GDP) failed to give markets a boost. The American econ
Read moreFTSE 100 movers: Carnival drops after full-year revenue decline
20th Dec 2012 15:25
Carnival , the largest cruise company in the world, reported a fall in full-year revenues after what it called its most challenging year ever. Shares dropped nearly 6% on Thursday afternoon after the company reported that revenue came in at $15.4bn, down from $15.8bn previously. Leading the risers
Read moreLondon midday: Stocks pause on 'fiscal cliff' concerns
20th Dec 2012 11:54
UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas. Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high. Stocks finished sligh
Read moreLondon open: Stocks flat on 'fiscal cliff' uncertainty
20th Dec 2012 08:33
The FTSE 100 was trading little changed on Thursday morning, taking a pause after coming close to its 52-week high the day before, with US 'fiscal cliff' concerns acting as a drag on sentiment. "In scenes reminiscent of the debt ceiling debacle of 2011 US markets slid back last night as the impasse
Read moreThursday newspaper round-up: BAE Systems, Mark Carney, Japan...
20th Dec 2012 06:51
The continued haggling with Saudi Arabia over the price of 48 Eurofighter Typhoon jets could hit full-year profits at BAE Systems. The British defence contractor said that negotiations with the Royal Saudi Air Force about the price of the aircraft may not be concluded before its results announcement
Read moreBAE Systems can´t get a lock on Saudi Typhoon contract
19th Dec 2012 15:24
FTSE 100-listed aerospace and defence giant BAE Systems has published an update about its contract negotiations with the Saudi Arabian government regarding the supply of Typhoon aircraft. In 2007, BAE Systems was contracted to supply the Royal Saudi Air Force with 72 Typhoon aircraft under the gove
Read moreTuesday tips round-up: Man Group, BAE, Greggs
11th Dec 2012 07:00
Change at the top of Man Group comes not a moment too soon for investors. Fund managers always suffer more when the market falls, as it did solidly for two years after Mr Peter Clarke became chief executive in March 2007, but the whole point of Man's computerised flagship, AHL, was that it was suppo
Read moreLondon close: Stocks edge higher as markets look to US jobs report
6th Dec 2012 16:33
- BoE and ECB keep policy on hold - Draghi says ECB discussed rate cut - Eyes turn to US employment report London's blue-chip index finished with slight gains on Thursday after central banks in the UK and Europe announced that they had kept policy on hold, with the market's focus now turning to the
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