London afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreFTSE 100 movers: Public sector outsourcers slide
20th Jul 2010 12:27
Outsourcers have been hit by a negative trading statement by Cable & Wireless Worldwide. Telecoms services provider C&W Worldwide heads the fallers after it warned that the coalition government's emergency budget will hit earnings growth. C&W Worldwide says earnings will come in at the lower end o
Read moreLondon midday: Public sector specialists hit
20th Jul 2010 12:10
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read morePRESS RELEASE: Bombardier chooses Alcan's AIRWARE(TM) technology for its CSeries aircraft program in the framework of a long-term agreement
20th Jul 2010 12:02
PARIS, July 20 /CNW Telbec/ - Alcan Global ATI and Bombardier, one of the world's largest aircraft manufacturers, have entered into a long-term agreement for the exclusive supply of AIRWARE(TM), Alcan's advanced aluminum-lithium alloy technology, to provide primary structure for the all-new CSeries
Read morePRESS RELEASE: Alcan To Supply Airware Technology For Airbus A350 XWB >ABI.YY
20th Jul 2010 06:48
The following is a press release from Rio Tinto Alcan: PARIS, July 20 /PRNewswire/ - Alcan Global Aerospace Transportation and Industry (Alcan Global ATI), part of Alcan Engineered Products - a business unit of Rio Tinto, announces that it has signed a contract agreement with Airbus through to
Read moreMARKET TALK: S&P/ASX 200 Up 0.3% Despite US Futures Fall
20th Jul 2010 01:42
0042 GMT [Dow Jones] S&P/ASX 200 up 0.3% at 4372, despite 0.5% fall in DJIA futures and 1.5% opening fall in Tokyo, after IBM and Texas Instruments revenues disappointed investors after the U.S. close. S&P/ASX 200's resilience is due to a lack of selling, rather than strong buying support. Traders g
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bullish
20th Jul 2010 00:32
2332 GMT [Dow Jones] S&P/ASX 200 offshore leads bullish, with overnight SPI 200 futures up 41 points, or 0.9%, at 4423.0, after Wall Street rallied on stronger-than-expected building approvals data and speculation the Fed could stop paying interest rates on excess bank reserves. DJIA up 0.7% to 1022
Read moreMARKET TALK: BHP 4Q Report Exceeds UBS Expectations
20th Jul 2010 00:25
2325 GMT [Dow Jones] BHP Billiton (BHP.AU) 4Q production ahead of forward expectations by UBS: iron ore up 16% on year, in line with prediction, copper up 27% vs 3Q, vs 25% expectation, while metallurgical coal up 34% vs 3Q, well ahead of 22% forecast. UBS sees BHP as preferred diversified miner due
Read moreUPDATE:Ivanhoe Sets Core Lending Group For Oyu Tolgoi Project
19th Jul 2010 16:12
(Adds details.) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Ivanhoe Mines Ltd. (IVN.T) Monday said it has appointed three additional financial institutions to help fund its Oyu Tolgoi project, one of the world's largest undeveloped copper and gold deposits. Canada-he
Read moreFTSE 100 movers: International Power tops risers
19th Jul 2010 14:57
Footsie has made a strong start to the week helped by financials and miners. Standard Chartered and RBS are strong as are a number of miners including Xstrata and Rio Tinto. International Power is the best performer after French energy giant GDF Suez revived talks with the international electric
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
19th Jul 2010 08:21
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0721 GMT [Dow Jones] Credit Suisse downgrades BHP Billiton (BLT.LN) to neutral from outperform, after lowering the company
Read moreMARKET TALK: Credit Suisse Downgrades BHP Billiton To Neutral
19th Jul 2010 08:21
0721 GMT [Dow Jones] Credit Suisse downgrades BHP Billiton (BLT.LN) to neutral from outperform, after lowering the company's earnings by 4% in FY '10, 16% in FY '11 and 12.5% in FY '12, due to changes to commodity price forecasts. Sees negative medium-term catalysts ahead. Maintains 2300p price targ
Read moreMARKET TALK: S&P/ASX 200 Down 1.3% After Paring Losses
19th Jul 2010 04:36
0336 GMT [Dow Jones] Australia's S&P/ASX 200 down 1.3% at 4366.6 after bouncing to 4370.7 as Shanghai has turned up 0.4%, while S&P 500 futures and the AUD up 0.2%. But the market remains extremely quiet with Tokyo closed today. On the charts, index looks weak while below its 20-day moving average,
Read moreMARKET TALK: S&P/ASX 200 Down 1.5% After Offshore Dive
19th Jul 2010 01:51
0051 GMT [Dow Jones] S&P/ASX 200 down 1.5% at 4357.0, hits 5-day low of 4353.4 after Wall Street dived on weak U.S. consumer confidence and disappointing revenue from BofA, Citi and GE. Index looks weak after last week's rejection from downtrend line and subsequent break of 50-day and 20-day moving
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Mixed; IBM Down 4%
19th Jul 2010 00:18
2318 GMT [Dow Jones] S&P/ASX 200 offshore leads mixed, with overnight SPI 200 futures down 3 points, or 0.1%, at 4325.0 despite modest recovery on Wall Street amid earnings optimism. DJIA up 0.6% to 10154.43, S&P 500 up 0.6% to 1071.25, Nasdaq up 0.9% to 2198.23. NYSE gains beat declines 2 to 1 but
Read more