UK MARKET TALK ROUNDUP: SHARES LOSING
30th Jul 2010 10:35
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0935 GMT [Dow Jones] Societe Generale cuts BAE Systems (BA.LN) price target to 360p from 400p. It says BAE's 1H results ar
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
30th Jul 2010 10:19
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0919 GMT [Dow Jones] Nomura lowers BAE Systems (BA.LN) target price to 410p from 450p. Says this cut in target price is to
Read moreMARKET TALK: Nomura Lowers BAE Systems Target Price
30th Jul 2010 10:19
0919 GMT [Dow Jones] Nomura lowers BAE Systems (BA.LN) target price to 410p from 450p. Says this cut in target price is to account for a higher risk premium investors are likely to demand given the increased long-term budget uncertainty in the U.S. and Europe. However, describes the company's 1H res
Read moreBroker snap: Nomura cuts BAE price target
30th Jul 2010 09:44
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 moreUK Chancellor Rejects Exempting Trident From Budget Cuts-Reports
30th Jul 2010 08:54
DOW JONES NEWSWIRES U.K. Chancellor of the Exchequer George Osborne has rejected exempting the U.K.'s Trident nuclear-weapons system from budget cuts, revealing a split with Defense Secretary Liam Fox, Bloomberg reports on its website. "The Trident costs, I have made it absolutely clear, ar
Read moreLondon close: US gloom offsets company cheer
29th Jul 2010 16:33
Footsie closed slightly in the red, despite starting well on the back of well-received company updates, as weakness in the US spread across the Atlantic. AstraZeneca closed sharply higher. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as
Read moreEuropean Defense Giants Target Services, Eye Exports
29th Jul 2010 16:13
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Some of Europe's biggest defense companies appear likely to rely more heavily on service and support work and the drive for exports in the months ahead as cash-strapped governments reign in spending on armaments. The market for
Read moreFTSE 100 movers: Results push market higher
29th Jul 2010 14:30
A raft of good results has boosted Footsie today. Scientific journals and magazines publisher Reed Elsevier says advertising and promotion markets are stabilising as underlying revenues increased 1% in the first half. AstraZeneca's potential blockbuster heart drug Brilinta has received the backi
Read moreLondon afternoon: Footsie off the top
29th Jul 2010 14:28
The Footsie drifted lower over the lunch time session though still remained in positive territory, thanks in large part to enthusiastic responses to results from heavy hitters AstraZeneca, BT and Reed Elsevier. AstraZeneca is sharply higher. The group's potential blockbuster heart drug Brilinta has
Read moreLondon midday: PartyGaming jumps on bwin merger
29th Jul 2010 11:57
Company results have given traders plenty to ponder and shares are broadly higher, but online betting group PartyGaming is the star performer after announcing a merger with Austrian rival bwin. PartyGaming said the merger would create the world's largest listed online gaming business. Elsewhere i
Read moreUPDATE: BAE Systems Profit Soars, Sees Growth Despite Squeeze
29th Jul 2010 09:29
(Adds detail and comment.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. defense giant BAE Systems PLC (BA.LN) Thursday reported net profit soared in the first half, largely due to the strength of its support and services activities, and said it continues to expect t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 09:05
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0805 GMT [Dow Jones] BAE Systems (BA.LN) +1.4% at 321p after reporting net profit soared in 1H. These interim results are goo
Read moreMARKET TALK: BAE Systems 1H To Reassure Markets - Investec
29th Jul 2010 09:05
0805 GMT [Dow Jones] BAE Systems (BA.LN) +1.4% at 321p after reporting net profit soared in 1H. These interim results are good, says Investec and should reassure the market. However, Investec doesn't expect to change its top-end-o-the-range forecasts materially. "BAE appears cheap, but for us lacks
Read moreLondon open: Astra leads advance
29th Jul 2010 08:49
London's blue chips are cautiously higher in early dealings on Thursday as investors consider a bunch of corporate figures. AstraZeneca is the best performer in early dealings. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as the drug gia
Read moreUPDATE: Rolls Royce Lifts Outlook After Steady First Half
29th Jul 2010 08:17
(Adds detail and comment.) By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. aircraft engine manufacturer Rolls-Royce Group PLC (RR.LN) Thursday said it expects profits before financing to rise moderately this year due to cost-cutting and a strong performance from its ma
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