London midday: Investors waiting on raft of new data
3rd Feb 2014 11:43
- Slight fall in Footsie - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line - Eurozone manufacturing may relieve pressure on ECB, some say The FTSE 100 was dipping slightly into the red come midday, buoyed by its proximity to important levels of so-called 'technical suppo
Read moreLondon open: FTSE inches higher despite ECB concerns
3rd Feb 2014 08:55
- Modest rise on FTSE - Lloyds dives on PPI bill update - Chinese and Aussie data disappoints - Focus to be on Eurozone manufacturing techMARK 2,783.19 +0.30% FTSE 100 6,514.32 +0.06% FTSE 250 15,690.31 +0.10% The FTSE surprised with a positive start to today's session, inching marginally into pos
Read moreBBA Aviation disposes of landing gear business
3rd Feb 2014 08:01
BBA Aviation has sold its APPH entities, a full-service landing gear and hydraulic sub-systems supplier, and announced it was considering a cash return to shareholders. The business, which had formed part of BBA's Aftermarket Services division, was sold for $128m, the $120.6m proceeds of which wou
Read moreLondon pre-open: FTSE to open lower after Chinese data disappoints
3rd Feb 2014 06:53
City sources predict the FTSE 100 will open eight points below Friday's close of 6,510.44, as concerns mount over this week's interest rates decision by the European Central Bank (ECB). Following Friday´s weaker-than-expected reading on Eurozone consumer price inflation, at least a handful of the
Read moreTuesday broker round-up UPDATE
26th Nov 2013 08:18
BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreSector movers: Transport stocks fall as BBA Aviation's Q3 disappoints
14th Nov 2013 14:22
BBA Aviation was weighing on the industrial transportation sector on Thursday after a disappointing third-quarter update. The aviation support and aftermarket services provider said that business and general aviation (B&GA) movements in Europe and commercial movements in both North America and Euro
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreBBA Aviation reveals 'marginally softer' Q3
14th Nov 2013 09:10
BBA Aviation disappointed on Thursday after admitting business and general aviation (B&GA) movements in Europe and commercial movements in both North America and Europe all declined by one per cent in the third quarter and for the year were marginally worse than anticipated. As such, the global av
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreLondon open: US uncertainty pulls FTSE 100 back from three-week high
16th Oct 2013 08:44
UK markets opened lower on Wednesday morning, pulling back from a three-week high, as optimism over a deal in Washington to avert a default began to fade. The FTSE 100 in London was registering small losses early on after hitting 6,549 on Tuesday, its highest level since September 24th. Stocks on
Read moreLondon pre-open: Small drop expected ahead of unemployment data
16th Oct 2013 07:33
- Small decline expected in early trade - All eyes on unemployment - BBA Aviation Chairman to step down City sources predict the FTSE 100 will open around four points lower than yesterday's close of 6,549.11, as investors seek direction after US stocks slipped last night and ahead of the release o
Read moreInvensys Chairman jumps ship to BBA Aviation
16th Oct 2013 07:09
Michael Harper, the Non-Executive Chairman of BBA Aviation, is to step down from the board next year, the aviation services and aftermarket support group announced on Wednesday. He will be replaced by Sir Nigel Rudd, currently the Non-Executive Chairman of Heathrow Airport Holdings and the outgoing
Read moreBBA Aviation CEO sells 85,000 shares
16th Sep 2013 16:28
BBA Aviation Chief Executive, Simon Pryce, on Friday traded in 85,000 shares, reducing his stake in the FTSE 100 group to 989,720. Pryce sold the shares at 321.26p each, pocketing £273,070. The transaction was made less than a week after the company said talks had ended with Dubai Aerospace Enter
Read moreBBA Aviation merger talks with Dubai Aerospace scrapped
9th Sep 2013 08:25
BBA Aviation said talks had ended with Dubai Aerospace Enterprise (DAE) about combining BBA with parts of DAE's business. The UK company's announcement followed a statement on September 8th by DAE that said discussions were off. BBA said in August that the companies were in preliminary talks and th
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