FTSE 100 movers: Meggitt shares hammered after update
1st Nov 2013 15:17
Meggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had give
Read moreSector movers: Vodafone leads telecoms sector higher
1st Nov 2013 15:14
Vodafone led the telecoms sector higher on the back of growing speculation that US giant AT&T is plotting a takeover of the UK mobile company. Executives at AT&T were putting together plans for a possible takeover of the company next year, reported Bloomberg, citing people familiar with the situat
Read moreMeggit shares tumble after it cuts revenue growth forecast - UPDATE
1st Nov 2013 12:28
- Shares fall 10 per cent - Full year revenue guidance lowered - Sets aside 20m pounds for supply issue Meggitt saw 10 per cent wiped off its market value after it lowered full year revenue guidance amid short-term production problems at one of its divisions. The FTSE 100 aerospace and defence man
Read moreLondon midday: FTSE higher on mixed data and Vodafone takeover talk
1st Nov 2013 11:25
- Shares trading modestly higher by lunchtime - Manufacturing PMI comes in below expectations - Vodafone leaps on takeover chatter, Meggitt slumps techMARK 2,653.51 -0.32% FTSE 100 6,732.87 +0.02% FTSE 250 15,468.65 -0.07% The FTSE was slightly higher by the midday point, as investors weighed up
Read moreLondon open: FTSE slips into red despite positive start
1st Nov 2013 08:20
- FTSE initially opens higher before dropping into red - RBS to avoid 'good/bad' bank break-up - AT&T planning to take stake in Vodafone, reports claim techMARK 2,654.18 -0.29% FTSE 100 6,731.31 -0.00% FTSE 250 15,449.06 -0.20% The FTSE inched higher in early trading, but was soon down in the red,
Read moreLondon pre-open: FTSE to buck downward trend seen overnight
1st Nov 2013 07:30
City sources predict the FTSE 100 will open around 18 points higher than yesterday's close of 6,731.43, ignoring losses seen in the US overnight and a mixed performance on Asian markets. Although it was announced overnight that October Chinese factory activity climbed from 51.1 to 51.4 month-on-mo
Read moreMeggitt lowers revenue guidance and flags supply issue
1st Nov 2013 07:05
- Full year revenue guidance lowered - Sets aside 20m pounds for supply issue - 2014 revenue guidance unchanged Meggitt had a double dose of bad news for investors as it lowered full year revenue guidance and alerted them of a supply hiccup that could cost 20m pounds. The FTSE 100 aerospace and de
Read moreLondon pre-open: FTSE to ease back in morning trading
23rd Oct 2013 07:30
- Losses expected on FTSE 100 in early trade - BoE to release minutes of its last meeting - Meggitt wins braking systems contract City sources predict the FTSE 100 will open around 26 points lower than yesterday's close of 6,696 - its highest closing level since May 28th - following a worse-than-ex
Read moreMeggitt wins further braking systems contract with Dassault
23rd Oct 2013 07:03
Meggitt, the FTSE 100 aerospace, defence and energy group, announced Wednesday that its Aircraft Braking Systems has been selected by Dassault for its all-new Falcon 5X business jet. Meggitt, which has had a long association with Dassault, will supply the jet with its braking system and integrated
Read moreSector movers: QinetiQ leads defence stocks higher on M&A reports
21st Oct 2013 15:44
Aerospace and defence stocks were gaining ground on Monday as deal speculation, trading updates and upbeat broker commentary lifted the sector higher. QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. Hopes
Read moreMonday broker round-up UPDATE
21st Oct 2013 08:59
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform. Anglo American: Deutsche Bank reduces target price from 1830p to 1780p, while leaving its buy recommendation unchanged. BAE Systems: Citi increases target price from 360p to 460p and stays wi
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreFTSE 100 movers: Travis Perkins lifted by Liberum Capital rating
11th Oct 2013 14:34
Travis Perkins shares got a boost after Liberum Capital raised its target price and reiterated its 'buy' rating on the builders' merchant and home improvement retailer. Restaurant and hotels owner Whitbread was also higher after Citigroup upgraded the stock to 'buy', saying: "Improved sentiment ar
Read moreLondon midday: Stocks surge on US hopes as risk appetite returns
11th Oct 2013 11:20
The FTSE 100 was trading at a two-week high on Friday morning on hopes that ongoing negotiations in the US will result in a short-term deal to raise the borrowing limit in order to avoid a dreaded default. After a 1.5% jump on Thursday, the FTSE 100 was extending gains this morning, rising 0.8% to
Read moreLondon open: Stocks extend gains on hopes over debt-ceiling deal
11th Oct 2013 08:27
UK stocks were making small gains on Friday morning in light of an impressive finish on Wall Street and Asian markets overnight on the back of hopes that US lawmakers could come to a resolution over the impending debt ceiling. Benchmarks in New York surged by at least 2% each - the Dow Jones put it
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