FTSE 100 movers: Antofagasta leads miners' rise and Barratt the builders' fall
13th Jul 2016 13:36
(ShareCast News) - The FTSE 100 index was scuttling crabwise on Wednesday, as markets held their powder dry as Britain appointed a new Prime Minister later in the day and a day ahead of the Bank of England expected policy tinkering. Commodities heavyweights Antofagasta, Glencore, BHP Billiton and
Read moreTuesday newspaper share tips: Challenger banks, Rolls Royce
12th Jul 2016 11:30
(ShareCast News) - The share price drops in Britain´s challenger banks following the Brexit referendum looked overdone, the Financial Times´s Lex column argued. Over the two weeks after the vote shares in Aldermore, OneSavings, Shawbrook and Paragon gave back between 12% and 40% of their market capi
Read moreLondon midday: Miners pace gains on stimulus hopes, upbeat US jobs data
11th Jul 2016 12:10
(ShareCast News) - London stocks were continuing to push higher come midday, carried by positive sentiment from Asia and the US, with domestic thoughts turning to the Bank of England monetary policy meeting scheduled for later in the week. Asian stocks finished the session with strong gains, as some
Read moreRolls-Royce snaps up Spanish component specialist ITP
11th Jul 2016 07:17
(ShareCast News) - Rolls-Royce has agreed to pay €720m to complete the full takeover of Spanish aero engine component manufacturer Industria de Turbo Propulsores (ITP). The FTSE 100 company, which currently owns a large minority stake in the profitable Bilbao-based business, will purchase the outs
Read moreRolls Royce profits to get big lift from drop in sterling
1st Jul 2016 09:28
(ShareCast News) - Rolls Royce´s revenues were set to grow more slowly in the short-term but the drop in sterling´s value was set to give the manufacturer´s bottom-line a big boost over the short-to-medium term, analysts at Credit Suisse said. Following an analysis of the trends in parking and retir
Read moreRolls Royce sees no immediate impact from Brexit; trading in line
28th Jun 2016 07:01
(ShareCast News) - Rolls-Royce said the UK's decision to leave the EU would not have an immediate impact on day-to-day business, adding that the medium and long-term effects would depend on whatever post-Brexit deal is agreed. In a trading statement, Rolls-Royce said it remains committed to the UK "
Read moreRolls Royce may stand most to gain from weakness in pound, JP Morgan says
20th Jun 2016 10:38
(ShareCast News) - Rolls Royce might be the UK's aerospace&defence stock which stood the most to gain in the case of Brexit and the weakness in the pound which would ensue, according to analysts at JP Morgan. Unlike the rest of UK A&D stocks, the manufacturer had a large foreign exchange transaction
Read moreMorgan Stanley keeps Rolls Royce at underweight on valuation
13th Jun 2016 15:03
(ShareCast News) - Rolls Royce was likely to beat market forecasts for profits in 2016 but the lack of obvious positive catalysts for the share price and already "rich valuation" led analysts at Morgan Stanley to reiterate their 'underweight' stance and 655p target price on the shares. On a more pos
Read moreRolls-Royce's credit rating cut on profitability, cash-flow pressure
20th May 2016 15:14
(ShareCast News) - Rolls-Royce's long-term corporate credit and related debt have been lowered to 'A-/A-2', from 'A/A-1' by S&P Global Ratings, which cited profitability and cash-flow generation pressure in reaching its verdict. Recent guidance from the aerospace and defence company indicated a weak
Read moreRolls-Royce slides on SFO reports
19th May 2016 09:25
(ShareCast News) - Shares in Rolls-Royce were sliding downwards on Thursday morning, after reports emerged that the Serious Fraud Office has widened the scope of its investigation into the aerospace engineering firm. The FTSE 100 firm did watch its stock lose as much as 3% in morning trading, though
Read moreThursday newspaper round-up: Pensions, Rolls-Royce, BHS
19th May 2016 07:16
(ShareCast News) - The Bank of England's chief economist has admitted that the British pensions system is so complicated, even he fails to understand it, warning of the "damaging" consequences this presents for consumers as they approach retirement. Andy Haldane said he considered himself to be "mod
Read moreBAE awards Rolls-Royce engine contract for Type 26 warships
10th May 2016 11:42
(ShareCast News) - Rolls-Royce has won a contract from BAE Systems to supply low-emission diesel engines for the Royal Navy's new Type 26 anti-submarine warships. Rolls-Royce's MTU subsidiary has been charged by BAE with manufacturing four diesel generators for the first three ships initially. BAE
Read morePrecious metals miners jump as Fed rate hike calls pushed back
6th May 2016 19:01
(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken
Read moreRolls-Royce trading in line despite headwinds
5th May 2016 08:13
(ShareCast News) - Rolls-Royce Holdings was trading in line with expectations, despite challenging market conditions, it was set to confirm at its annual general meeting in Nottingham on Thursday. The FTSE 100 group's chief executive Warren East was also to tell shareholders that the outlook for the
Read moreSector movers: Banks, engineering stocks lead drop
29th Apr 2016 18:46
(ShareCast News) - Banks weighed on the Footsie at the end of the week as Royal Bank of Scotland flagged to investors the risk that the sale and separation of its Williams&Glyn retail and business bank could take at least another two years. That operation was one of the conditions set by regulators
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