London afternoon: Morning's gains consolidated
4th Nov 2010 14:23
Since the Bank of England's noon announcement extinguished the small hopes of Britain joining the US in reviving its quantitative easing programme, leading shares have marked time. Miners are still doing particularly well on hopes that the Fed's stimulus measures will help sustain the global econo
Read moreMeggitt unfazed by defence review
4th Nov 2010 13:23
Meggitt, the maker of components for planes and other equipment, expects the recent defence review to have a 'minimal impact' on 2011 revenues. Order intake continued to improve between 1 July and 3 November, the company said, rising by 17% from the same period the previous year when customers had
Read moreSector movers: Mixed day for engineers
3rd Aug 2010 15:55
GKN, the engineer that serves the automotive, aerospace and off-highway markets, is driving the automobiles and parts sector higher after it moved up another gear in the first half of 2010. Sales in the six months ended 30 June 2010 improved to £2.54bn from £2.06bn in the first half of 2009. The d
Read moreFTSE 250 movers: Taylor Wimpey bills gains
3rd Aug 2010 15:54
Housebuilder Taylor Wimpey crept back into profit in the first half of 2010, but is concerned over the possible impact of government spending cuts going forward. The market has focused on the positives though, and the shares are up by more than 8%. Engineering group Meggitt said order intake for it
Read moreTechMARK movers: Meggitt falls back
3rd Aug 2010 14:22
News that orders are picking up was not enough to prevent a fall in the Meggitt share price. The engineering and aerospace group says civil aerospace orders have already improved and military revenues should pick up later this year. Revenue in the first half of 2010 fell 6% to £549.7m from £586.
Read moreLondon afternoon: Fire sale at BP continues
3rd Aug 2010 14:14
After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas
Read moreLondon midday: Rally stalls
3rd Aug 2010 12:09
A mid-morning rally petered out just before noon leaving the FTSE 100 index still in negative territory, though not by much. Specialist banking group Investec is the heaviest faller in the FTSE 100. It has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share
Read moreLondon close: Footsie fights back
3rd Aug 2010 09:28
Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to
Read moreOrders reviving at Meggitt
3rd Aug 2010 07:44
Engineering group Meggitt said order intake for its civil aerospace business improved in the second quarter while military revenues should pick up in the second half. Revenue in the first half of 2010 fell 6% to £549.7m from £586.4m in the first half of 2009. Underlying earnings before interest, t
Read moreMARKET TALK: BarCap Starts Meggitt At Equalweight
7th Jul 2010 07:58
0658 GMT [Dow Jones] Barclays Capital initiates coverage of Meggitt (MGGT.LN), with an equalweight rating and a 350p price target. Says while it is positive over the potential for civil aerospace aftermarket growth, this was only 28% of '09 revenues and the 45% of revenues from defense is likely to
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] Barclays Capital initiates coverage of Meggitt (MGGT.LN), with an equalweight rating and a 350p price ta
Read moreWednesday tips round-up: PartyGaming, Persimmon, Meggit
7th Jul 2010 06:58
Online gamer PartyGaming's protracted merger talks with Bwin, its Austrian rival, are apparently still on ? just. But the biggest game in town is the US, where the authorities, despite their earlier moralistic stance, need the revenues. Any move will probably be on a state-by-state basis, and Part
Read moreMeggitt wins CSeries aircraft contract extension
6th Jul 2010 13:06
Meggitt said Bombardier has selected the international aerospace group's flight deck-based tyre pressure indicating system (TPIS) for its CSeries family of 110 to 130-seat jetliners. The group didn't comment on the financial details of the deal except to say that it is a multi million dollar awar
Read moreBombardier Selects Meggitt's Tyre Pressure Indicating System
6th Jul 2010 07:32
LONDON (Dow Jones)-- Meggitt PLC (MGGT.LN), an international company specializing in aerospace equipment, sensing and defense systems, said Tuesday that Bombardier has selected its flight deck-based tyre pressure indicating system, or TPIS, for the CSeries family of 110 to 130-seat jetliners. MA
Read moreMARKET TALK: Citigroup Initiates Meggitt At Buy
28th Jun 2010 07:08
0608 GMT [Dow Jones] Citigroup initiates Meggitt (MGGT.LN) with a buy rating and 400p target price. Says the management is well regarded and Meggitt shares have been long-term outperformers. Brokerage is positive on civil aerospace, where it believes recovering airline traffic should drive an early-
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