London midday: Investors show caution after yesterday's strong rise
18th Apr 2012 11:46
- Ex-div stocks weigh on Footsie - MPC minutes: Miles calls for more QE - Eurozone swings to deficit in February - UK jobless rate falls for first time since May 2011 London's FTSE 100 index was trading slightly lower by Wednesday lunchtime following a strong showing from the benchmark yesterday, a
Read moreSunday newspaper round-up: Falklands, Spain, Horizon
1st Apr 2012 16:00
A group of British and American banks have been threatened with legal action by the Argentine government for advising and writing research reports about companies involved in the Falkland Islands' £1.6bn oil industry. Argentina has warned those banks - understood to include the Royal Bank of Scotlan
Read moreMaintel sales director reduces sizeable stake in firm
28th Mar 2012 16:09
Angus McCaffery, Sales and Marketing Director of Maintel, a telecoms and data services company, sold off 115,000 ordinary shares for 380p each. The £437,000 transaction left McCaffery with just over two million shares, equal to around 19.25% of the company. Earlier this month the firm posted a r
Read moreLondon close: Footsie spins its wheels
15th Mar 2012 16:51
- Investment management firms disappoint - Hard times on the High Street - Phlegmatic response to Fitch's threat to cut UK's AAA rating After a brief sojourn in positive territory during the morning session, the top share index returned to the region where it spent most of the day, bumping along ju
Read moreLondon midday: Stocks mark time ahead of US data
15th Mar 2012 12:02
- Stocks mark time ahead of US jobs and manufacturing data - BAE workers protect jobs by taking pay cut - Dollar strength sapping demand for oil stocks Investors have largely taken in stride the warning from credit ratings agency Fitch that the UK is marginally more likely to lose its AAA rating th
Read moreBAE Systems staff take pay cut
15th Mar 2012 10:44
Workers at defence firm BAE Systems have agreed to take a pay cut aimed at saving 120 jobs. The firm said 2,000 staff at its Samlesbury and Warton sites would take one day of unpaid leave a month for two years in order to prevent compulsory redundancies. The move follows an announcement by BAE in
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreXchanging drops margin to extend BAE contract
21st Feb 2012 10:46
Xchanging (XCH), a business process and technology services provider, has won a renewal of its contract with BAE Systems to provide procurement services. BAE has played hard ball though; Xchanging admits the new, three year agreement will have a lower margin than the existing contract. Despite the
Read moreFriday tips round-up: Ladbrokes and BAE Systems
17th Feb 2012 07:18
In the Times Ladbrokes boss Richard Glynn gets a slap on the back for bringing in profits and revenues for full year 2011 better than expected. He walked away from deals for 888 Holdings and Sportingbet and now makes the argument that the Internet revolution has happened, whoever is coming in to his
Read moreLondon close: Losses pared after US data, Greece still a concern
16th Feb 2012 16:35
- Losses pared after US data. - Miners track metals prices lower. - European leaders weighing up ECB role in Greek aid. London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concer
Read moreFTSE 100 movers: Reed Elsevier leads risers, while banks and miners fall
16th Feb 2012 14:51
Information solutions provider Reed Elsevier jumped into pole position after seeing underlying revenues increase 2% in 2011, with all five business areas contributing to growth except the Exhibitions division, which was held back by biennial cycling. Nomura said today that the group's valuation - wi
Read moreLondon midday: Stocks off lows but still firmly in the red
16th Feb 2012 11:40
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - Real Eurozone GDP forecasts slashed in ECB survey. The FTSE 100 has come off its intraday low of 5,831 but still remains firmly in the red as delays in Greece, a warning to banks from Moody's an
Read moreLondon open: Stocks weighed down by Greece, Moody's
16th Feb 2012 08:35
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - BAE Systems tumbles after results. London's blue chip index sank in early trading on Thursday, with just five stocks on the rise, as the Greek bailout faces fresh delays. Meanwhile, Moody's warn
Read moreLondon pre-open: Greek delays expected to weigh on stocks
16th Feb 2012 07:25
City sources predict the FTSE 100 will open down 42 points from yesterday's close of 5,892 as the Greek bailout deal continues to be hampered by delays. BAE Systems, the FTSE 100 defence contractor, saw headline sales fall by 14% in the 12 months ended December 31st and said that "little sales grow
Read moreBAE's sales fall 14pc in 2011
16th Feb 2012 07:10
BAE Systems, the FTSE 100 defence contractor, saw headline sales fall by 14% in the 12 months ended December 31st and said that "little sales growth" is expected for 2012 in the current market conditions. Shares tumbled over 4% to 319.17p in early trading on Thursday. Sales fell from £22,275m last
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