Sunday newspaper round-up: ITV, GSK, HSBC
31st Jan 2010 11:40
In the coming months, chairman Archie Norman, who was joined by former Royal Mail head Adam Crozier as chief executive, are expected to consider the possibility of a pay-per-view package for ITV 2, 3 and 4 among a range of options as ITV benefits from a slowly improving economic climate, says the Su
Read moreAutonomy in 7-figure deal with BAE
7th Jan 2010 07:13
Corporate infrastructure giant Autonomy has won what it termed ‘a significant licence agreement’ with UK defence firm BAE Systems. As is usually the case with Autonomy, financial details were not disclosed, though it went so far as to reveal that the contract award was for a seven figure sum. BAE
Read moreBroker snap: BAE valuation too good to pass up
5th Jan 2010 13:20
Deutsche Bank has moved to an overweight stance on those stocks in the commercial aerospace sector that are focused on the aftermarket, rather than on aircraft manufacture. The bank believes that things are looking up for the commercial aerospace sector in 2010, thanks to a recovery in air traffic.
Read moreWednesday paper round-up: BAE Systems, Alliance Trust, Microsoft
23rd Dec 2009 06:26
The French Government has bought its first piece of military equipment from Britain in decades and, in the process, overlooked the claims of a French company. In an unprecedented display of European co-operation, the French have ordered 129 armoured vehicles from BAE Systems in a £220m deal. It is
Read moreTuesday newspaper round-up: British Airways, Bonus tax, Google
15th Dec 2009 06:28
Almost one million air passengers face travel chaos over Christmas after British Airways cabin crew voted for a 12-day strike starting on December 22. The dispute, which will cost the loss-making BA hundreds of millions of pounds, threatens to intensify, with unions planning more mass walkouts. Un
Read moreBAE agrees Indian JV with Mahindra
30th Nov 2009 10:01
BAE Systems said it has agreed with Mahindra & Mahindra to create a land systems focused joint venture defence company, based in India. BAE will have a 26% shareholding in the joint venture and Mahindra will have a 74% shareholding. The parties have agreed to contribute $21.25m, with BAE invest
Read moreLondon Close: Dubai worries knock market
26th Nov 2009 17:25
The London market wasn't helped by a technical glitch at the London Stock Exchange but it was never going to be a good day due to worries about the debt problems of Dubai. The fact that there was no trading for more than three hours just made investors even more nervous. The FTSE 100 fell by more
Read moreLondon afternoon: Trading resumes .. so does the decline
26th Nov 2009 14:18
Trading resumed on the London Stock Exchange at 2:00pm after the exchange's technical glitch, but prices are not looking any healthier than they were before the trading interruption. Banks are under the cosh on concerns over Dubai's debt situation. The government owned Dubai World, which has debts
Read moreLondon midday: Trading suspended on LSE
26th Nov 2009 12:07
Banks shares are leading the market lower today as investors fret about the debt situation in Dubai. The government owned Dubai World, which has debts of $59bn, has asked creditors if it can delay debt repayments due next month until May of next year. HSBC, Royal Bank of Scotland, Barclays, Lloyds
Read moreThursday newspaper round-up: RBS, Vauxhall, Channel 4
5th Nov 2009 06:05
Senior managers at the Royal Bank of Scotland are scrambling to prevent widespread resignations following the publication of the bank's stringent bonus policy. City headhunters said they have been inundated with CVs from RBS bankers following the news that there would be no cash bonuses for 2009, sa
Read moreBroker tips: BP, BAE, Mears
27th Oct 2009 13:25
Corporate finance and broking house Hanson Westhouse said third quarter figures from BP were 'solid', despite the oil giant seeing a sharp reduction in adjusted replacement cost profit. Replacement cost profit, excluding non-operating items and fair value accounting effects, was $4.7bn, well ahead
Read moreBroker snap: Unfashionable BAE a buy, says Nomura
27th Oct 2009 13:10
Market sentiment has turned decisively against defence stock BAE Systems but Nomura Securities remains a supporter of the stock. The Japanese broker has identified three main differentiators for BAE against other defence companies: the Saudi Arabia business, the F-35 Typhoon combat aircraft program
Read moreBAE bribery probe could be delayed
27th Oct 2009 08:15
It's likely that the Serious Fraud Office will miss its deadline for bringing corruption charges against defence giant BAE Systems this week, according to reports. Legal sources told The Times charges could be delayed until next year as the SFO's leading counsel and the Attorney-General are yet to
Read moreTuesday newspaper round-up: BAE, Yell, William Hill
27th Oct 2009 06:01
The Serious Fraud Office will miss its own deadline for bringing corruption charges against BAE Systems, Europe's largest defence company, this week as it struggles with the complexity of the case. Legal sources said that charges could be delayed until next year as the SFO's leading counsel and the
Read moreLinda Hudson named BAE COO
26th Oct 2009 13:12
BAE Systems today announced the appointment of Linda Hudson as an executive director of the defence giant. This follows her appointment as chief operating officer, BAE Systems plc and President and CEO of BAE Systems, Inc., effective immediately. Hudson was previously President of BAE Systems'
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