FTSE 100 movers: RBS down on government plans and fine
2nd Aug 2012 14:37
According to the Financial Times, the government is considering buying up the remaining shares in Royal Bank of Scotland (RBS) that it does not already own in an effort to kick start lending to businesses, news which pushed the stock into the bottom spot on the FTSE. The paper claims ministers are b
Read moreBAE battling Typhoon headwinds
2nd Aug 2012 12:53
Reaction to the interim results of BAE Systems, Britain's biggest defence contractor, has been lukewarm, with the slump in sales overshadowing a slight beefing up of the order backlog and a solid showing by the UK operations. Sales in the first six months of 2012 fell to £8,334m from £9,229m, 11% l
Read moreLondon midday: BoE holds fire; all eyes now on the ECB
2nd Aug 2012 11:44
- BoE maintains rates, QE - ECB decision in focus - RBS lower on nationalisation speculation While the policy-makers at the Bank of England (BoE) did what most were expecting - leaving interest rates and quantitative easing (QE) unchanged - UK stocks were trading firmly higher on Thursday morning
Read moreThursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreLondon open: Markets look to the ECB for a boost
2nd Aug 2012 08:57
- Fed holds fire on further stimulus - BoE and ECB decisions expected later today - ECB expected to do 'whatever it takes' The Footsie rose moderately on Thursday morning in spite of the Federal Reserve disappointing US markets last night, as investors looked ahead to key policy decisions in the UK
Read moreBAE waits on Typhoon renegotiation, sales slump
2nd Aug 2012 07:28
BAE Systems, Britain's biggest defence contractor, is suffering from reduced military spending in both the US and UK, while a crucial fighter jet deal with Saudi Arabia has been hit by delays. Sales in the first six months of 2012 were £8,334m, 11% lower than 2011 on a like-for-like basis, while un
Read moreMonday newspaper round-up: Greece, US drought, Spain...
23rd Jul 2012 07:07
Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former US President Bill Clinton on Sunday. Mr Samaras's comments come two days before a team of Greece's debt inspectors arrive in Athens to push for further austerity measu
Read moreFTSE 100 movers: Marks and Spencer shares higher
10th Jul 2012 15:20
First-quarter like-for-like (LFL) sales took a tumble at High Street giant Marks and Spencer, though the food business held up well, and full-year guidance remains unchanged, prompting shares to rise. BAE Systems is moving higher on the back of positive comments out of UBS. Mining heavyweights we
Read moreLondon close: Stocks fall as Spanish bond yields jump
9th Jul 2012 16:30
- Spanish yields back above 7.0 per cent - All eyes on Eurogroup meeting - Defence stocks rise on contract hopes Stocks were trading near their lowest levels of the day by Monday's close as bond yields in Spain surged while European officials met in Brussels. By the close in London, the yield on a
Read moreSector movers: Aero/defence stocks rise as Farnborough show begins
9th Jul 2012 16:23
Aerospace and defence stocks were making gains on Monday afternoon as the Farnborough Airshow kicks off in Hampshire. Power systems group Rolls-Royce was higher today after a series of announcements. This morning, the firm said that it has won a $183m contract to service M250 engines for the US Arm
Read moreFTSE 100 movers: BAE rises on rumours
9th Jul 2012 15:10
Defence group BAE Systems was advancing on reports that it could be close to securing a £7.1bn contract with the US Air Force, according to the Sunday Telegraph. Investors are hoping for more deals to be signed at the 2012 Farnborough Air Show which starts today. Some reports also hold that the gove
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
Read moreMonday broker round-up
9th Jul 2012 08:13
BAE Systems: Jefferies reiterates buy recommendation and 350p target. Britvic: Societe General cuts target from 450p to 400p, buy rating unchanged. Filtrona: Citigroup downgrades to neutral, target lifted from 470p to 515p. Genel Energy: Oriel Securities initiates with buy recommendation. Halfor
Read moreSunday newspaper round-up: Greece, Barclays, Italy
8th Jul 2012 17:40
The new Greek Prime Minister vowed last night to get the country out of the "dead end" created by austerity policies dictated by Europe. Antonis Samaras, outlining his coalition's programme to Parliament, confirmed that the country was not on track to meet the targets set by its international credit
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
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