Sector movers: Aero/defence stocks gain as MoD prepares for Budget
19th Mar 2013 14:46
Aerospace and defence stocks were making gains on Tuesday afternoon with less than 24 hours to go before the heavily-anticipated Budget Statement from Chancellor George Osborne tomorrow. In a pre-Budget cabinet meeting today, Osborne and Deputy Danny Alexander said that they intend to cut governmen
Read moreSector movers: Rolls-Royce lifts aero-defence sector
14th Feb 2013 15:59
Aerospace and defence stocks were making decent gains on Thursday afternoon after a well-received set of full-year results from power systems group Rolls-Royce. Shares were up 3.0% on the day at 1,014p before the close of trade - extending the year-to-date rise to 16% - after the company reported t
Read moreBroker snap: Rolls-Royce is 'best-quality' company in sector, says JPMorgan
12th Feb 2013 10:38
JPMorgan Cazenove has initiated coverage of the European aerospace and defence sector, labelling Rolls-Royce, EADS and Thales as the stocks with the most share-price upside. However, it's FTSE 100-listed power systems group Rolls-Royce (rated 'overweight') that is named as the "best-quality company
Read moreQinetiQ third quarter on target
5th Feb 2013 07:20
Defence firm QinetiQ said trading in the third quarter was as expected and the outlook for the year remains unchanged from previous guidance. The group said the performance of UK Services continues to benefit from a more competitive cost base and better project execution. Last week QinetiQ agree
Read moreFTSE 250 movers: KCOM rises on Q3 statement
1st Feb 2013 15:44
Communications services provider KCOM rose after saying in a third-quarter statement that it has seen "positive momentum across all brands". De La Rue, the banknote printer, surged after saying that it had received "some" of the previously delayed orders that it had referred to in the last trading
Read moreLondon pre-open: FTSE to open higher
1st Feb 2013 07:27
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,277, having enjoyed its best January since 1989, despite suffering its worst day of 2013 on Thursday. US markets ended the day lower on Thursday, reducing the overall gains seen in January, after initial jobless cl
Read moreQinetiQ and MOD agree conditions for latest contract term
1st Feb 2013 07:17
Defence firm QinetiQ said Friday that alongside the UK Ministry of Defence (MOD), it has successfully completed the regular five-yearly review of the existing 25-year long term partnering agreement (LTPA) and together agreed terms for the provision of test and evaluation and training support service
Read moreMary Waldner to become new CFO at Ultra Electronics
24th Jan 2013 07:49
Defence, security and energy company Ultra Electronics has named Mary Waldner as the successor to its outgoing Chief Financial Officer Paul Dean. The company announced last year that Dean had been approached to take a Finance Director role outside the defence and aerspace sector and he is expected
Read moreQinetiQ full steam ahead for year
21st Nov 2012 07:08
Defence firm QinetiQ said it expects to perform in line with its expectations for the year, despite challenging markets, as it posted a 16 per cent increase in profit. Underlying operating profit rose to £95.3m for the half year ended September 30th 2012 copmared to £81.9m a year earlier. Revenue f
Read moreTuesday broker round-up
2nd Oct 2012 08:17
African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
Read moreLondon close: Miners hit as no sign of gear-change in China
24th Sep 2012 16:41
After reaching a nadir at midday, equities pared losses in the afternoon session, with defensive stocks enjoying a bit of support. The morning had been characterised by gloom over China's economy and differences of opinion among the heavy hitters in the Eurozone. Chinese central-bank advisor Song
Read moreFTSE 250 movers: Bumi leads fallers on investigation news
24th Sep 2012 13:21
Mining giant Bumi was leading the fallers after it said it was investigating allegations of financial and other irregularities at its Indonesian operations. The investigation centres on PT Bumi Resources, in which the company has a 29% interest, with particular focus on that firm's development funds
Read moreQinetiQ going great guns despite foggy outlook
24th Sep 2012 07:44
Defence firm QinetiQ Group's trading has been going great guns, with first half performance stronger than originally expected. The first half of the group's financial year saw it deliver the majority of two key orders for the Q-Net vehicle survivability product earlier than originally planned. This
Read moreLondon close: Credit Suisse thinks defensive-led rally will continue
6th Aug 2012 17:06
- Greece making progress - RBS up on US sale rumours - StanChart in the spotlight over Iranian transactions UK stocks started the week strongly on the back of improvements in Greece and hopes of imminent action from the European Central Bank (ECB) to stem the crisis. After a meeting between the Tr
Read moreFTSE 250 movers: TeleCity rises after maiden divi
6th Aug 2012 14:13
Data centre operator TeleCity Group was leading the risers after saying demand for its services remains strong in all of its markets, as it made good on its promise to declare a maiden dividend. Insurance firm Catlin Group rose after jumping back into the black in the first half of 2012 as premium
Read more