FTSE 100 movers: Rolls-Royce leads index higher
12th Feb 2016 14:09
(ShareCast News) - The FTSE 100 was set to end the week having reduced some of its losses, with the index up 108.93 points (1.97%) to 5,645.90. Rolls-Royce Holdings led the charge as it cut its final and next interim dividend by 50% and dismissed the need for a rights issue. Lifting the mood, full
Read moreLondon midday: Rolls Royce leads gains ahead of US data
12th Feb 2016 11:41
(ShareCast News) - London-listed shares were moving higher at the end of the week as Rolls Royce dismissed worries about an impending rights-issue and after better-than-expected results out of German lender Commerzbank helped to buoy sentiment towards the bank sector across the Continent. As of 11:5
Read moreRolls-Royce halves dividend as profits fall 12%
12th Feb 2016 07:05
(ShareCast News) - As well as dismissing the need for a rights issue, Rolls-Royce cut its final dividend by 50% to 7.1p and said it would be halved again at the next interim stage, though full year underlying profits did not fall as far as some feared. Following a string of five profit warnings in t
Read moreFriday preview: Rolls Royce's full year results may reveal dividend cut
11th Feb 2016 12:08
(ShareCast News) - Rolls Royce is expected to announce a cut or suspension of its dividend on Friday as it reports its 2015 full year results. Following a string of five profit warnings since February 2014, many analysts see the group's dividend taking the hit until the company's balance sheet recov
Read moreTuesday newspaper share tips: Randgold a good investment to get gold exposure
9th Feb 2016 12:25
(ShareCast News) - Solid results for Randgold Resources has given hope to The Telegraph's Questor, which recommended investors 'hold' the shares. The company was in a surprisingly robust position in its end-of-year-results, despite lower gold prices pushing the company's profit down in the 12 months
Read moreFTSE 100 movers: Randgold shines after results but ITV slumps on DB note
8th Feb 2016 14:02
(ShareCast News) - London's FTSE 100 was down 1.9% to 5,737.01 at 1420 GMT, tracking broader market losses, although Randgold Resources bucked the trend following well-received results. Shares in ITV fell sharply on Monday as Deutsche Bank said the broadcaster was lagging the rest of the sector, whi
Read moreRolls-Royce slumps as investors prepare for dividend cut
8th Feb 2016 11:10
(ShareCast News) - Rolls-Royce shares were under pressure on Monday amid reports management of the aerospace and defence group will cut the dividend this week for the first time in 25 years. The company, which has issued five profit warnings in the last two years, will publish its financials on Frid
Read moreMonday newspaper round-up: Google, Rolls-Royce, Tullow Oil
8th Feb 2016 07:14
(ShareCast News) - Google is developing a new virtual-reality headset for smartphones, and adding extra support for the technology to its Android operating system, as it challenges Facebook's Oculus for an early lead in Silicon Valley's latest platform war. The new headset will be a successor to Car
Read moreSunday newspaper round-up: HSBC, Glencore, easyJet
7th Feb 2016 20:18
(ShareCast News) - HSBC's board is expected to come to a decision on the location of its headquarters in the coming days after an unexpectedly long-running review of the future of the British-based bank. Bosses launched the review last year and initially expected to reach a conclusion by the end of
Read moreRolls-Royce, Norwegian sign £1.9bn engine deal
1st Feb 2016 07:14
(ShareCast News) - Rolls-Royce strengthened its partnership with Norwegian Air Shuttle on Monday, as it announced a fresh $2.7bn (£1.89bn) deal with the low-cost long haul airlne. The FTSE 100 firm said the order included Trent 1000 engines and long-term service support for 19 new Boeing 787 Dreamli
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreAvingtrans takes over Rolls-Royce pipe division
29th Jan 2016 14:32
(ShareCast News) - Avingtrans took a chunk of the ailing Rolls-Royce group on Friday, announcing the purchase of its internal pipe manufacturing business and the two related facilities in Nuneaton, UK and Xi'an, China. The AIM-traded company said the deal was worth £3.5m, which was to be funded by t
Read moreS&P downgrades Rolls-Royce's credit outlook on demand concerns
18th Jan 2016 14:02
(ShareCast News) - Standard & Poor's has cut Rolls-Royce's debt outlook to 'negative' due to what it sees as weaker business prospects at the engine-maker. The credit agency revised the credit outlook from 'stable' and confirmed its 'A/A-1' long- and short-term corporate credit ratings on the compan
Read moreLondon close: Stocks end lower on slump in commodities
30th Dec 2015 16:19
(ShareCast News) - UK stocks slumped on Wednesday as shares in mining and oil producers declined. Oil prices reversed the previous day's gains on concerns about a supply glut after a report showed an unexpected rise in US crude inventories. The Energy Information Administration said US crude invent
Read moreMPs said to meet with Rolls-Royce boss amid UK job worries
30th Dec 2015 08:11
(ShareCast News) - Members of parliament are reportedly set to meet Rolls-Royce boss Warren East to discuss his restructuring plans for the aerospace and defence group following its five profit warnings. According to the Financial Times, more than 20 Labour and Conservative MPs wrote to East earlier
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