MARKET 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-
Read moreStrong demand for Meggitt debt
16th Jun 2010 07:37
Meggitt, the international aerospace group, has raised $600m through the private placement of US loan notes. The notes are in four series with maturities of seven, ten and twelve years and coupons of between 4.62% and 5.17% and have been placed with leading international institutional investors.
Read moreMeggitt Concludes $600M Debt Private Placement
16th Jun 2010 07:09
LONDON (Dow Jones)--Meggitt PLC (MGGT.LN), an international aerospace group, said Wednesday that it has completed a private placement of $600 million in senior notes with international institutional investors. MAIN FACTS: -The notes are in four series with maturities of seven, ten and twelve
Read moreEssar and Barrick go straight into Footsie
9th Jun 2010 18:00
Two of this year's new issues have gone straight into the FTSE 100 index. Essar Energy and African Barrick Gold are the only two new inclusions in the the latest FTSE quarterly changes will further increase the non-UK proportion of the Footsie. The two resources businesses replaced London Stock Ex
Read moreLondon close: Footsie gives back Tuesday's gains
21st Apr 2010 17:03
The blue-chip index finished close to its lowest level of the day as a mid-afternoon rally fizzled out. Sentiment was not helped by the release of a UK gross domestic product forecast by the International Monetary Fund (IMF) which reiterated the body's January forecast of an insipid 1.3% growth rat
Read moreTechMARK movers: Apple chips boost ARM
21st Apr 2010 15:03
Strong results from Apple have boosted chip maker ARM, which is an important supplier to the US technology firm. Apple reported better than expected second quarter profits of $4.03bn on revenues of $13.5bn. iPhone shipments more than doubled to 8.75m and ARM is believed to supply chips for the iPh
Read moreLondon afternoon: Equities pare losses
21st Apr 2010 14:32
Leading shares trimmed their losses over the lunch time session, but the Footsie remains in the red, in part due to a number of blue-chips going ex-dividend today. BHP Billiton is lower after a statement this morning that it may have broken US anti-corruption laws in some of its exploration project
Read moreLondon midday: Miners drag Footsie down
21st Apr 2010 12:04
After a hesitant start Footsie fell steadily throughout the morning session, largely because of the weakness of mining stocks, which are reacting to softer industrial metals prices. BHP Billiton is lower after a statement this morning that it may have broken US anti-corruption laws in some of its
Read moreSector movers: Apple figures boost tech stocks
21st Apr 2010 11:43
Tech stocks are in demand following strong results from Apple last night driven by iPhone sales. ARM, which reportedly designed the chips for the smartphone, as a strong performer, as is FTSE 250-listed peer Imagination Technologies, whose intellectual property is thought to be used in the iPhone.
Read moreLondon open: Dull start for blue chips
21st Apr 2010 09:00
London's blue chips have fallen back as a string of big names going ex-dividend weighs on the index. British Airways is higher on the ending of the UK flight ban. ARM is the best performer after the stupendous results from Apple last night driven by iPhone sales, which ARM reportedly designed the
Read moreLondon pre-open: Gains ahead
21st Apr 2010 07:31
London's blue chips are expected to add to yesterdays gains in early dealings on Wednesday, with traders looking for a 15 point advanced. Lisa Morgan has stepped down as the chief executive of Game Group after the video game retailer revealed a sharp fall in profits in the year to January 31. Pre-t
Read moreMeggitt H1 challenging, sees return to growth
21st Apr 2010 07:01
Aerospace and defence systems group Meggitt said trading since the start of the year has been in line with its expectations of a challenging first half followed by a return to growth in the second half of the year. The group said it remains well placed to take advantage of an upturn in the civil ae
Read moreWednesday tips round-up: Meggit, JLT, RBS
3rd Mar 2010 06:41
With every one cent decline in the pound against the US dollar adding £400,000 to defence group Meggitt's prospective pre-tax profits, currency moves alone have been enough to send current-year forecasts higher. Even so, profit progress in 2010 driven more by Meggitt's target of £50m of annualised
Read moreLondon close: Insurers left behind
2nd Mar 2010 17:07
A firm start on Wall Street gave fresh heart to UK equities, with financial stocks to the fore, with the notable exception of insurers. Ahead of results tomorrow Standard Chartered was wanted in a buoyant banking sector while elsewhere in the financial sector property groups such as SEGRO and Hamme
Read moreTechMARK movers: Consort still keen on AMS
2nd Mar 2010 14:13
Consort Medical has reaffirmed that it believes that the purchase of AIM-quoted Advanced Medical Solutions "has strong strategic and commercial logic". Medical devices and drug delivery products supplier Consort revealed its interest in AMS last week but the management of the wound care company ref
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