London open: UK stocks flat on mixed earnings, Chinese data
21st Oct 2014 08:28
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising strongly and Reckitt Benckiser, Intercontinental and
Read moreMeggitt awarded multi-million dollar contract with Gulfstream Aerospace
21st Oct 2014 07:47
Aerospace and defence giant Meggitt has landed a multi-million dollar contract to supply an advanced wheel and braking system for Gulfstream Aerospace's new G500 and G600 business jets. The system is being developed using Meggitt's latest generation carbon composite heatsink material and anti-oxidan
Read more$99m US Army contract with Meggitt formally announced
16th Oct 2014 07:14
Global engineering group Meggitt has announced that Meggitt Training Systems is the reaffirmed supplier of the US Army's next generation virtual small arms trainer, the Engagement Skills Trainer II (EST II). This $99m contract covers 1,000+ new and upgraded systems and simulated weapons for US Army
Read moreMeggitt completes five-year bank refinancing
30th Sep 2014 08:27
Meggitt has announced a new five-year $900m facility revolving credit facility. The facility, from 13 international banks, replaces existing facilities of $700m and $400m due to expire in 2016 and 2017. The engineering group, which specialises in aerospace equipment, will accelerate the amortisatio
Read moreLondon midday: Stocks drop as US Treasury acts to block tax inversion deals
23rd Sep 2014 12:38
UK stocks were firmly lower come midday, tracking overnight losses on Wall Street, with investors apparently reacting the US Treasury's move last night to make corporate tax inversions more difficult. Acting as a backdrop, traders were monitoring the first coalition airstrikes against Islamic State
Read moreLondon pre-open: FTSE to edge lower ahead of Eurozone PMIs
23rd Sep 2014 07:42
UK-listed stocks were forecast to register a small decline at Tuesday's opening bell, extending losses seen both at home and abroad the previous day. City sources predict the FTSE 100 will open around four points higher than yesterday's close of 6,773.63. CMC market analyst Jasper Lawler said: "Eur
Read moreMeggitt wins contract with helicopter firm
23rd Sep 2014 07:03
US chopper maker Bell Helicopter has handed a contract to aerospace and defence group Meggitt to provide services on its 525 Relentless commercial helicopter that it predicts will generate gross long-term sales of more than $30m. Meggitt has won a deal to provide gearbox oil level monitoring and chi
Read moreMeggitt wins orders totalling $17.7m
10th Sep 2014 07:43
Meggitt's training systems subsidiary has landed a contract worth $17.7m to deliver infantry targets, field armoured targets, target controllers and various other devices to army bases across the US and Europe. The new deliveries take the defence group's total orders with the US Army's Targetry Syst
Read moreFTSE 100 movers: Citigroup comments lift Morrisons
9th Sep 2014 15:39
Supermarket chain WM Morrison moved north after Citigroup upgraded its rating on the stock to 'buy'. The bank said that the company's 7.5% dividend yield is "safe", playing down recent concerns that have weighed on the shares in recent weeks. JP Morgan Cazenove reiterated its 'underweight' position
Read moreFTSE 100 movers: Admiral and Glencore shares fall after H1 results
13th Aug 2014 14:49
Car insurance group Admiral was a heavy faller on Wednesday after the group said turnover in the first half was down 5% at £1.04bn as a 9% rise in customers was outweighed by a fall in premiums over last year. The company said that while UK premiums are no longer falling a return to growth remains e
Read moreLondon midday: Stocks advance as rate-hike speculation eases
13th Aug 2014 12:08
- BoE strikes dovish tone as wages fall - Ukraine crisis, Asian data in focus - Ex-dividend stocks limit upside - Banking stocks lead upside techMARK 2,736.01 +0.28% FTSE 100 6,661.68 +0.44% FTSE 250 15,528.53 +0.41% An overall dovish tone to the Bank of England's (BoE) Inflation Report gave UK st
Read moreWednesday broker round-up UPDATE
13th Aug 2014 09:55
Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je
Read moreLondon open: Stocks flat on rate speculation ahead of Inflation Report
13th Aug 2014 09:04
- Inflation Report, rate speculation keeps markets cautious - Ukraine crisis in focus as Russian convoy heads to border - Chinese data disappoints, Japanese GDP sinks - Ex-dividend stocks fall techMARK 2,725.51 -0.10% FTSE 100 6,630.77 -0.02% FTSE 250 15,403.28 -0.40% Weak economic data from Asia,
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreBroker tips: Standard Chartered, Fresnillo, Meggitt, Serco
6th Aug 2014 12:57
Investec says Standard Chartered coped well with a difficult first half of the year and is "still probably the best bank in the world". The broker acknowledges that 2014 "may not be a stellar year", but it expects a kick-start for revenue-led growth in the second half of the year and beyond. It ke
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