FTSE 100 movers: Rolls-Royce drops on fraud investigation
6th Dec 2012 15:42
Power systems giant Rolls-Royce tanked after saying that it is to report to the Serious Fraud Office (SFO) after matters of bribery and corruption involving so-called 'intermediaries' were discovered in Indonesia and China. BAE Systems performed well today. Lockheed Martin is close to winning Pent
Read moreBAE Systems buy US firm Marine Hydraulics
15th Nov 2012 15:29
BAE Systems has agreed to buy Marine Hydraulics International, based in the US, for $69m in cash. Marine Hydraulics International is a marine repair, overhaul and conversion company that had sales of $113m in 2011. It employs approximately 400 people supporting the US Navy and other maritime custom
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreBAE reaches settlement with Trinidad and Tobago after two years
14th Nov 2012 07:10
Following an announcement two years ago from BAE Systems saying that the government of Trinidad and Tobago (GORTT) wished to cancel an offshore patrol vessels (OPVs) contract, the defence company has finally said that the two parties have reached a settlement. On September 21st 2010, GORTT said tha
Read moreThursday newspaper round-up: Republicans, IAG, Xstrata, BAE
8th Nov 2012 07:33
American financial markets plunged as a re-elected President Obama returned to the White House to face a looming crisis over the nation's finances, and a Congress still divided over how to fix them. Hours after Mr Obama's decisive win, markets in New York began to slide at the prospect of a return t
Read moreMonday newspaper round-up: HSBC, BAE, Google
5th Nov 2012 07:02
HSBC is set to face a final bill for fines as high as 1.5bn dollars (937m pounds) for the "shameful and embarrassing" US money-laundering scandal that has engulfed Britain's biggest bank. The lender is tomorrow expected to spell out the full financial damage caused by the crisis, which erupted earli
Read moreTuesday tips round-up: BAE, F&C, Anglo American
30th Oct 2012 16:28
There was rare good news for BAE Systems yesterday. The British defence giant scooped a 315m pound contract from the Government to start work on the next generation of nuclear-powered submarines. The contract is also due to yield 500m pounds by year end, which could fund a share buy back. Longer ter
Read moreSunday newspaper round-up: Pearson, 40p tax, BAE
28th Oct 2012 19:28
News Corporation has joined the race for Penguin with a last-minute overture to the directors of Pearson, the media conglomerate that owns the book publisher. Glen Moreno, Pearson's chairman, will put the approach to directors in the next few days. Rupert Murdoch, the chairman and chief executive of
Read moreWednesday newspaper round-up: King, FTT, Spain
24th Oct 2012 07:15
The Bank of England's unorthodox actions to turn around the UK's flagging economy were reaching the limits of their effectiveness, Sir Mervyn King has warned that Britain faces a prolonged economic adjustment. In a bleak assessment of the economy and the ability of monetary policy to generate a stro
Read moreTuesday newspaper round-up: BAE, Lloyds, Russia
23rd Oct 2012 06:27
Pressure on senior BAE Systems board members hardened last night after it emerged that shareholders representing almost a fifth of the company had called for high-profile scalps. In a letter to the board, Invesco Perpetual, the biggest shareholder with 13 per cent and the principal critic of the fai
Read moreMonday newspaper round-up: Austerity, BAE, RBS
15th Oct 2012 07:00
George Osborne has been warned by the International Monetary Fund that he risks further damaging the economy unless the pace of austerity slows and he faces up to the country's "growth challenge". David Lipton, the IMF's deputy managing director, suggested the Chancellor may have to take bolder meas
Read moreSunday newspaper round-up: BAE,BP, Prudential
14th Oct 2012 16:27
The Government demanded that the new chief executive of the defence division of a merged BAE-EADS aerospace giant should be British "in perpetuity", in a move that is believed to have increased tensions with Germany. Ian King, the chief executive of BAE Systems, revealed that the agreement was one o
Read moreFriday tips round-up: DS Smith, BAE Systems, Rangers FC ....
12th Oct 2012 06:38
Tempus in the Times writes that cardboard box maker DS Smith has been transformed by its recent acquisition of Swedish rival Svenska Cellulosa Aktiebolaget (SCA). Yesterday it gave a positive update on the first 100 days since the deal. Expected annual savings have been raised to 100m euros within t
Read moreFriday newspaper round-up: BAE, BoE, BP
12th Oct 2012 06:13
BAE Systems is examining a series of potential acquisitions to bolster its position in the United States in the wake of its failed merger with EADS. While British investors are demanding to see BAE's top brass on strategy, following the aborted 28bn pound merger, The Times has been told the defence
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