Morson looking to rebound from defence review
1st Feb 2011 14:10
Outsourcing services and technical personnel provider Morson said trading in the latter part of last year remained challenging but the group's results are still expected to be in line with expectations. "Whilst trading in civil aerospace, nuclear, power and rail has remained relatively stable, our
Read moreBroker tips: Marston's, Serco, ASOS
24th Jan 2011 13:31
Pub group and brewer Marston's share price has taken a hit in the last couple of months making what Peel Hunt described as the best operator in the modern pub industry an even bigger bargain. Snow disruption, an "overwhelming exposure" to places with average public sector employment, and the north
Read moreFTSE 100 movers: Banks turn lower
24th Jan 2011 12:50
RBS and Lloyds are both lower after comments by the head of the Independent Banking Commission over stricter capital rules and the possible separation of the retail and investment bank arms. The political problems in Ireland have also unsettled financials. Goldman Sachs has downgraded engineer In
Read moreSerco not buying SRA International
24th Jan 2011 07:09
Outsource giant Serco has played down weekend reports it wants to buy US homeland security firm SRA International. In a statement Sunday evening, the UK firm said it was "not in any discussions regarding any major transaction at this time," though it did not say whether it had been in discussions p
Read moreFTSE 100 movers: RBS in talks with Treasury
21st Jan 2011 13:33
Royal Bank of Scotland is higher on hopes that it can exit the governemnt's toxic asset scheme. RBS is reportedly in talks with the Treasury. BAE Systems is acquiring the 91.3% of Fairchild Imaging that it does not own for $86m. Fairchild supplies imaging components and cameras. It generated rev
Read moreTechMARK movers: Autonomy adds more customers
21st Jan 2011 13:07
Software firm Autonomy is winning new contracts and the latest two have boosted the share price today. There is a seven figure deal with a US law firm and a licence agreement with telecoms firm Verizon. Other contracts announced this week were with Ahold, Safeway and insurer Allstate. Autonomy als
Read moreLondon close: Late recovery not enough
14th Jan 2011 16:39
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers. The sector was hurt by speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve
Read moreLondon afternoon: Deficit narrows
14th Jan 2011 15:15
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000. Miners are still lower amid speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve requirements
Read moreLondon midday: Mining retreat drags FTSE 100 lower
14th Jan 2011 12:11
FTSE 100 is now firmly in the red as miners retreat amid speculation that commodity hungry China may raise interest rates to cool inflation. The east Asian economic powerhouse has lifted reserve requirements on banks, underlining its determination to deal with inflation. Meanwhile, an increase in
Read moreLondon open: Intel results give ARM a leg-up
14th Jan 2011 08:37
Leading shares are mixed at the outset leaving the blue-chip index barely changed. Sparkling results after the bell in New York yesterday from chip-maker Intel has whetted appetite for chip designer ARM Holdings. The stock smashes its way to another 52-week high and is up 40% over the last month.
Read moreLondon pre-open: Dull start in store
14th Jan 2011 07:32
UK equities are set to open slightly lower, though there has been some cheer provided by housebuilder Bovis Homes, which is se to resume dividend payments after a strong performance in 2010. Bovis Homes predicts profits for 2010 will beat consensus estimates. A "significant" improvement in profits
Read moreBAE buys financial crime prevention firm
14th Jan 2011 07:05
UK defence giant BAE Systems has made an agreed offer for AIM-listed financial crime prevention specialist Norkom Group. BAE is offering €2.10 per Norkom share in a deal that values the Dublin-headquartered firm at €217m. The terms represent a premium of around 36% to the share price of Norkom on
Read moreBAE pulls out of sale
11th Jan 2011 14:44
Defence giant BAE Systems is no longer pursuing the sale of its Platform Solutions business after failing to reach an agreement with potential buyers. The sale for its aerospace component unit has been on the cards since September last year, when the group engaged Wells Fargo and JP Morgan to advis
Read moreSector movers: Tech companies on the rise
22nd Dec 2010 15:14
London is doing well on Wednesday with just three sectors on the decline. Concurrent Technologies is among the risers in the buoyant technology hardware and equipment sector after the computer products developer said sales in the second half are expected to 'materially exceed' sales in the first.
Read moreBAE acquires cyber business
22nd Dec 2010 11:33
Defence equipment supplier BAE Systems is acquiring a Denmark-based business specialising in providing products that help the police fight cyber crime. BAE is paying DKK1.2bn (£137m) for ETI A/S (www.etiglobal.net), which was founded in 1985. Revenues were DKK347m (£40m) in the year to June 2010.
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