London open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreBAE seeks buyer for Platform Solutions
13th Sep 2010 07:28
BAE Systems has confirmed two parts of its commercial aerospace are up for sale to raise up to $2bn for the weapons group. "BAE Systems confirms that it has engaged Wells Fargo and JP Morgan to advise on strategic options with regard to the Platform Solutions business, including a possible sale. Th
Read moreLondon pre-open: Banks and China to keep rally going
13th Sep 2010 07:26
Blue chips are expected to push on higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East have surged following news that Chinese industrial production jumped a better than expected 13.9% year
Read moreMonday newspaper round-up: Basel III, BAE Systems, Connaught...
13th Sep 2010 06:34
Financial regulators have reached a deal to force global banks to double the spare cash they hold in the biggest shake-up since the economic crisis nearly brought down the system, the Telegraph reports. The new rules, to be phased in between 2015 and 2018, demand that banks hold 4.5% of common equi
Read moreFriday newspaper round-up: Connaught, Vodafone, Deutsche Bank...
10th Sep 2010 06:40
Morgan Sindall will today announce the acquisition of the bulk of Connaught's social housing repairs operations in a deal that will save thousands of jobs across the country. While the deal, believed to be worth between £20m and £40m, will secure the future of about 2,500 jobs, thousands more rema
Read moreJobs go at BAE
9th Sep 2010 16:19
BAE Systems is sacking hundreds of workers who make parts for the Tornado, Harrier jump jet and Hawk trainer, it emerged Thursday. The country's biggest defence contractor is making the heaviest cuts at its military air division, hitting sites across the country. About 740 staff, including 450 at
Read moreFTSE 100 movers: Takeover talk dominates
7th Sep 2010 15:25
Takeover rumours continue to dominate the Footsie. There is talk of engineer Invensys becoming the subject of a 350p a share bid from a larger rival, while there is thought to be Chinese interest in Tullow Oil with a £20 a share bid figure suggested. The bid rumour-mongers appear to have moved on
Read moreFTSE 100 movers: Merger activity dominates
2nd Sep 2010 15:57
Bid talk has pushed Footsie higher. TUI Travel continues to rise following speculation that minority shareholders may be bought out. Bid speculation is also driving up the share price of software company Autonomy with acquisition-hungry US software giants Microsoft and Oracle in the frame as li
Read morePRESS RELEASE: BAE Systems Receives Contract Modifications Totaling $170 Million to Support Special Operations Mine Resistant Ambush Protected Vehicle Program
2nd Aug 2010 15:41
BAE Systems Receives Contract Modifications Totaling $170 Million to Support Special Operations Mine Resistant Ambush Protected Vehicle Program YORK, Pa.--(BUSINESS WIRE)--August 02, 2010-- BAE Systems has received delivery orders from the U.S. Marine Corps Systems Command worth $170 million to
Read morePRESS RELEASE: BAE Systems Receives $9.6 Million Order for MOLLE Equipment from Defense Logistics Agency
2nd Aug 2010 15:19
BAE Systems Receives $9.6 Million Order for MOLLE Equipment from Defense Logistics Agency PHOENIX--(BUSINESS WIRE)--August 02, 2010-- BAE Systems has been awarded a $9.6 million follow-on order from the Defense Logistics Agency (DLA) to produce Modular Lightweight Load Carrying Equipment (MOLLE
Read moreMatchtech Group Signs Contract Extension With Xchanging, BAE Systems
2nd Aug 2010 08:24
LONDON (Dow Jones)--Matchtech Group Plc (MTEC.LN), a specialist in technical recruitment announced Monday the signing of an extension to its contract until the end of December 2012 with business process outsourcer Xchanging Procurement Services Ltd (XCH.LN) and its client BAE Systems Plc (BA.LN).
Read morePressure Technologies Major Unit Gets GBP2M UK Naval Orders
2nd Aug 2010 08:06
LONDON (Dow Jones)--Pressure Technologies PLC (PRES.LN), the holding company for Chesterfield Special Cylinders Ltd, said Monday Chesterfield has won orders from BAE Systems PLC (BA.LN) to supply high pressure air cylinders for the fifth Astute Class submarine currently being built at Barrow-in-Furn
Read moreFTSE 100 movers: United Utilities higher after disposal
30th Jul 2010 16:02
Footsie has rebounded during the afternoon and has scrapped back into positive territory near to the end of the day. Utilities and banks are leading the way. United Utilities has agreed to sell its 50% stake in non-regulated gas and electricity meter business Meter Fit to its partner Marlin. Unite
Read moreBroker tips: BAE Systems, Pace, Partygaming
30th Jul 2010 13:17
Strong results and upgraded full year profits guidance has not been enough to overcome investor concerns about future prospects for BAE Systems, a situation acknowledged by Nomura Securities' decision to slice its price target for the defence systems firm. The broker is sticking with its "buy" reco
Read moreMARKET TALK: Societe Generale Cuts BAE Systems Price Target
30th Jul 2010 10:35
0935 GMT [Dow Jones] Societe Generale cuts BAE Systems (BA.LN) price target to 360p from 400p. It says BAE's 1H results are strong and well ahead of consensus expectations. But it notes that management talks of the anticipated challenging trading environment as defense budgets come under pressure. S
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