Sector movers: Rolls-Royce profit warning hits defence stocks
13th Feb 2014 16:27
Aerospace and defence stocks were hammered on Thursday by a profit warning from sector heavyweight Rolls-Royce, after the company said that cuts in government defence spending would keep a lid on profits this year. The world's second-largest maker of aircraft engines revealed an estimated 15-20% dr
Read moreFTSE 100 movers: Rolls-Royce nosedives on 2014 outlook
13th Feb 2014 14:35
Rolls-Royce's shares tumbled after the group said it expects flat 2014 revenue and profit due to cuts in government defence spending. The world's second-largest maker of aircraft engines revealed an estimated 15-20 per cent slump in defence revenue would hinder results this year as it reported its f
Read moreUK markets snap six-day winning streak after blue-chip profit warnings
13th Feb 2014 11:59
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - Miners fall, AMEC and Imperial rise techMARK 2,811.28 -0.70% FTSE 100 6,624.61 -0.76% FTSE 250 15,968.13 -0.69% UK stocks opened firmly lower on Thursday after a
Read moreUK stocks retreat from three-week high as earnings disappoint
13th Feb 2014 08:30
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce, Lloyds and Rio fall after updates - AMEC, Imperial rise techMARK 2,817.35 -0.49% FTSE 100 6,649.80 -0.38% FTSE 250 15,999.35 -0.50% UK stocks opened with moderate losses on Thursday after poorly-received results and updates from a nu
Read moreUK stocks rise ahead of Yellen, but Barclays slumps
11th Feb 2014 11:37
- Barclays drops seven per cent after 2013 results disappoint - Markets expecting 'dovish' Yellen, says analyst - Miners track metal prices higher - Retailers gain after economic data techMARK 2,825.35 +0.66% FTSE 100 6,643.63 +0.79% FTSE 250 16,012.87 +0.64% UK markets rose strongly on Tuesday as
Read moreFTSE 100 movers: Persimmon, Meggitt, LSE
7th Feb 2014 15:05
Housebuilder Persimmon was the top riser of the FTSE 100 a day after a report from Halifax showed house prices rose more than expected in January. Engineering company Meggitt rallied after reports showed a rise in UK manufacturing and industrial production in December, albeit less than expected.
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreFTSE 100 movers: RSA jumps on 'buy' rating
6th Jan 2014 14:52
RSA Insurance was a high riser today after UBS raised its target price for the stock from 100p to 113p and maintained a 'buy' rating. The bank added the stock to its 'Alpha Preferences Most Preferred List', saying: "While there are significant uncertainties, we think that the balance of risks is to
Read moreLondon pre-open: Flat start ahead of busy week for FTSE
6th Jan 2014 07:26
City sources predict the FTSE 100 will open down one point from Friday's close of 6,730.67 as investors gear up for a busy week, with trading set to pick up following the quiet festive period. Over in the US, stocks ended mixed on Friday on a low-volume day as investors digested comments from out-
Read moreMeggitt appoints Chief Operating Officer
6th Jan 2014 07:07
UK aerospace engineer Meggitt has appointed David Johnson as Chief Operating Officer, effective immediately. Johnson will step down as President of Meggitt Equipment Group to take on the newly created role and will be responsible for the group's operating divisions. Stewart Watson former Finance D
Read moreMeggitt sells Sunbank connectors business
20th Dec 2013 15:53
Meggitt has disposed of its Sunbank connectors business to Esterline Corporation. The aerospace, defence and energy group will receive a cash consideration of $45m for the business, which supplies products such as fibre-optic connectors and electrical backshells and accessories for the aerospace
Read moreLondon pre-open: Strong start expected after Fed taper
19th Dec 2013 07:40
UK markets are expected to jump on Thursday morning as investors react to the Federal Reserve's move to scale back quantitative easing, ending months of uncertainty for financial markets worldwide. City sources predict the FTSE 100 will open up 52 points from yesterday's close of 6,492.08. Both th
Read moreMeggitt wins Australian army training contract
19th Dec 2013 07:29
Defence and aerospace components maker Meggitt has won an 18m US dollar deal to supply further military simulation systems to the Australian Defence Force (ADF). The FTSE 100 company's Training Systems division was awarded the contract to upgrade systems for the ADF's Hardened & Networked Army (HNA
Read moreSector movers: Defence stocks gain after US budget
11th Dec 2013 15:45
Aerospace and defence stocks were on the rise on Wednesday after a budget deal in Washington removed some uncertainty in the sector, which is heavily dependent on state funding in the States. Chief Congressional negotiators Senator Patty Murray and Representative Paul Ryan last night worked out a d
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