FTSE 100 Movers: IAG flying low
22nd Nov 2011 14:40
It was bad news all round for the travel industry, as shares in International Consolidated Airlines lost over 4% after Iberia, which operates under IAG, let it be known that it is facing potential strike action from workers, over the firm's plans to launch a new airline next year. Heading in the o
Read moreLondon midday: Miners on the rise, defence stocks down on US fears
22nd Nov 2011 12:23
London's blue chip index held on to gains in morning trade, recovering after a six-day sell-off. While markets are still concerned with the ongoing troubles in the Eurozone, fears over the credit rating of the US eased after Standard & Poor's and Moody's reiterated their ratings last night. Neverth
Read moreFTSE 100 Movers: Intertek leads the way up
16th Nov 2011 14:16
Intertek, the testing and quality assurance company, rose to pole position after it said year-on-year organic revenue growth for the ten months to the end of October was 8%, in line with the figure published in the half year update in August. Adding revenues from acquisitions and currency effects,
Read moreLondon midday: Footsie falls on gloomy economic outlook
16th Nov 2011 12:07
With some gloomy economic data doing the rounds this morning, the Footsie experienced a sharp fall around 11:00, as the Bank of England cut its growth estimates for the UK economy. Unfortunately, the unemployment report did little to settle investors' nerves. Meanwhile, reports attributed to the Fi
Read moreLondon open: Stocks mark time ahead of Inflation Report
16th Nov 2011 08:20
London has got off to a subdued start, with investors waiting on the Bank of England's inflation report and, to a lesser extent, the unemployment data, at 9:30am. Many economists are expecting that the Bank's Inflation Report will pave the way for an extension of its quantitative easing programme,
Read moreLondon pre-open: Soft opening expected
16th Nov 2011 07:31
Despite staging a late recovery yesterday, London is set to resume its southerly course this morning, with City sources predicting the FTSE 100 will open down 33 points from yesterday's close of 5,517. Publishing and exhibitions giant Reed Elsevier said it on track to deliver 2011 adjusted earning
Read moreDouble contract win for Meggitt
16th Nov 2011 07:13
Aerospace and defence engineering firm Meggitt has been awarded two separate contracts, one of which is worth £13m. Under the multi-million pound deal, the company will supply the UK Ministry of Defence (MoD) with a small arms simulator upgrade, known as a Dismounted Close Combat Trainer (DCCT).
Read moreLondon close: Late fall pushes Footsie into the red
10th Nov 2011 16:38
The Footsie swung between gains and losses on Thursday, but finished slightly in the red after US stocks retreated in mid-morning trade on Wall Street. US DATA OFFSET BY FRENCH CONCERNS Driving gains in the afternoon was economic news stateside. The US Labor Department said that initial unemployme
Read moreLondon midday: Italian yields fall, Experian leads recovery
10th Nov 2011 12:16
London's blue chip index has erased earlier losses to trade flat around lunchtime as Italian 10-year bond yields fell back below the critical 7% after the country's debt auction. Meanwhile, the Bank of England revealed at midday that it had kept interest rates at the record low level of 0.5%. ITALY
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreMeggitt down as currency headwinds bite
4th Nov 2011 09:15
Aerospace and defence engineering firm Meggitt says it will deliver "low double digit organic growth" in the full year to December. The company, which does not give precise figures for the third quarter, says its strong performance in the first half of the year has continued. We know from its half
Read moreMeggitt wins $475m US Army contract
12th Oct 2011 08:07
Meggitt, the aerospace and defence engineer that joined the FTSE 100 last month, has been awarded a multi-million dollar contract with the US Army. Meggitt Training Systems will - along with four other suppliers - provide equipment for live-five training rages at US Army bases in a contract worth u
Read moreElevator man lifts BP stake again
23rd Sep 2011 15:45
Non-executive director George David has taken advantage of a fall in BP's share price to buy more shares in the company. He took 40,000 American Depositary Receipts (the equivalent of 240,000 shares) taking 20,000 at $35.55 (£23.04) a time and 20,000 at $35.45 a time. The shares have fallen sharpl
Read moreMeggitt wins shoot out for Aussie defence contract
6th Sep 2011 07:55
Meggitt, the FTSE 250 company specialising in components for the aerospace and defence markets has won a contract with the Australian Defence Force (ADF). The contract, worth n A$29M (US$30.8M), is to operate a weapon simulation system. The firm claims the system helps soldiers hone their judgemen
Read moreCapital deputy chairman goes shopping again
19th Aug 2011 17:22
Billionaire property investor John Whittaker has bought another round of shares in Capital Shopping Centres (CSC), bringing his total stake to more than 20%. He took 100,000 shares at 317.6p a time, the company announced today.. Following the purchases, Whittaker now has nearly 172.5m shares or a
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