London close: Higher finish after choppy day
12th Oct 2011 16:36
London's leading share index closed in the blue as worries over the Slovak parliament's rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed. SLOVAK SEE-SAW Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expan
Read moreLondon midday: Stocks rally as Slovak shock fades
12th Oct 2011 12:05
London's leading share index has staged an impressive rally with worries following the Slovakian parliament's rejection of the euro bailout fund giving way to hopes that the small central European state will soon ratify the deal. SLOVAK HEADACHE, GERMAN REASSURANCE Late Tuesday night, just 55 of t
Read moreBroker tips: BAE, Laird, KESA
12th Oct 2011 09:56
Investec has downgraded UK defence contractor BAE Systems from buy to hold, saying that while third quarter trading was in line, uncertainties have persisted as expected. The broker says that a lot of bad news is already price in, with the trading on a 6.6 times forward earnings. "But with potent
Read moreBroker snap: Investec downgrades BAE to hold
12th Oct 2011 09:35
Investec has downgraded UK defence contractor BAE Systems from buy to hold, saying that while third quarter trading was in line, uncertainties have persisted as expected. The firm said Wednesday that earnings for 2011 will be broadly in line with those in 2010, but warned that constraints on govern
Read moreUPDATE: Wednesday broker round-up: Goldman takes down Man and SSE
12th Oct 2011 09:16
Man: Goldman Sachs takes target price down to 230p from 290p. Scottish & Southern: Goldman Sachs adds to 'Conviction sell' list. Imperial Tobacco: Credit Suisse reiterates overweight. United Utilities: Morgan Stanley downgrades to 'neutral'. Robert Walters: Credit Suisse retains at neutral and
Read moreLondon open: EFSF worries weigh on Footsie
12th Oct 2011 08:28
Just eight of the 100 stocks on the Footsie were making gains on Wednesday morning, following the news that the Slovakia failed to agree on the extension of the Eurozone rescue fund. SLOVAKIAN HEADACHE Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expanding
Read moreLondon pre-open: Slovakian hangover
12th Oct 2011 07:26
Slovakia's government became the first to topple over opposition to bailing out indebted Eurozone economies after the country's parliament voted down approval for enhancing the bloc's rescue fund last night. Although the outcome was expected, it has still unnerved markets a little, with the result
Read moreBAE Systems struggles to beat 2010
12th Oct 2011 07:19
BAE Systems, the UK defence contractor, says earnings for 2011 will be broadly in line with those of 2010. This will not necessarily please shareholders but the group says constraints on government expenditure are affecting many of its keys markets. Cost reductions will continue to be the order of
Read moreLondon open: Modest gains on hopes for Eurozone
10th Oct 2011 08:30
The Footsie edged higher in early trading on Monday, helped by developments in the Eurozone at the weekend. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing debt crisis, but specific details ar
Read moreBAE Systems to raise $1.25bn through bond issue
6th Oct 2011 07:34
Defence group BAE Systems is to raise in the region of $1.25bn through a private placing of bonds outside of the US. The bond issue consists of: $350m aggregate principal amount of notes paying 3.50% interest and maturing on October 11, 2016; $500m of notes paying 4.75% interest and maturing on Oct
Read moreFTSE 100: BAE falls on job loss rumours
26th Sep 2011 13:53
The UK's main defence contractor, BAE Systems, was heading south after it news that it appears set to shed 3,000 jobs as it sees a slump in orders for its Typhoon aircraft. Reports from Sky News and the Telegraph indicate the plants most likely to be affected are in Warton, Lancashire, and Brough i
Read moreBAE systems may slash 3,000 jobs
26th Sep 2011 09:14
The UK's main defence contractor, BAE Systems, appears set to shed 3,000 jobs as it sees a slump in orders for its Typhoon aircraft. Reports from Sky News and the Telegraph indicate the plants most likely to be affected are in Warton, Lancashire, and Brough in East Yorkshire. The firm has refused
Read moreMonday newspaper round-up: Eurozone, International Monetary Fund, BP
26th Sep 2011 06:27
Emergency plans were being drawn up last night for a massive boost to the eurozone's bailout facility to protect the banking system from the fallout of the Greek debt crisis. The Times has learnt that German officials are studying plans to increase the fund's effective size by €1trn to buy up high-r
Read moreUPDATE: Tuesday broker round-up
20th Sep 2011 13:38
BAE Systems: Societe Generale upgrades to buy, raises target to 330p from 280p. Kesa Electricals: Espirito Santo downgrades to sell, cuts target from 110p to 75p. Wilmington Group: Peel Hunt upgrades to buy. Moneysupermarket.com: Brewin Dolphin upgrades to buy. Barratt Developments: Citigroup up
Read moreFriday tips round-up: BAE Systems, Imagination, Premier Farnell...
9th Sep 2011 06:47
Defence Group BAE Systems has also seen its shares decline recently, driven down by weakening sentiment and concern about global defence budgets, notes the Questor column in the Telegraph. The falls mean that the shares are now yielding an impressive 6.8pc, rising to 7.1pc next year, offering a grea
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