London close: Stocks rise after BoE and ECB meeting minutes
8th Oct 2015 16:22
(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e
Read moreKey Rolls-Royce directors increase stake in company
8th Oct 2015 15:17
(ShareCast News) - Rolls-Royce shares have had a good run over the last fortnight, and now its directors are getting in on the action. Chairman Ian Davis, chief financial officer David Smith and non-executive director Lewis Booth have all significantly upped their stake in the company. Davis purcha
Read moreLondon midday: Stocks rise as BoE votes to keep interest rates unchanged
8th Oct 2015 11:07
(ShareCast News) - London stocks recovered slightly from losses earlier on Thursday as the Bank of England decided to keep interest rates unchanged. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as expected by analysts. Ian McCaf
Read moreLondon close: Stocks end higher despite negative services data
5th Oct 2015 16:03
(ShareCast News) - UK stocks gained as the market proved resilient against a batch of negative services data on hopes the Federal Reserve will keep interest rates unchanged for longer. The Markit/CIPS UK services purchasing managers' index fell to 53.3 in September from 55.6 in August, compared to a
Read moreSir Kevin Smith appointed to Rolls-Royce board
5th Oct 2015 10:25
(ShareCast News) - Rolls-Royce Holdings announced on Monday Sir Kevin Smith CBE has been appointed as a non-executive director starting on 1 November. He will also become a member of the Nominations and Governance Committee, the Remuneration Committee and the Science & Technology Committee. Sir Kev
Read moreLondon pre-open: FTSE seen sharply higher after strong reversal on Wall Street
5th Oct 2015 07:42
(ShareCast News) - UK stocks are expected to open with strong gains on Monday, taking their cue from an impressive reversal on Wall Street on Friday. The FTSE 100 is being called up 115 points at 6245. On the data front, UK services PMI is due at 0930 BST, while in the US, ISM non-manufacturing is
Read moreRolls-Royce to cut 400 more jobs in marine business
5th Oct 2015 07:27
(ShareCast News) - Rolls-Royce has announced plans to cut another 400 jobs in its marine business, on top of the 600 job cuts already announced in May. The FTSE 100 company said the job cuts are due to the low price of oil and a subsequent fall in orders. They will be carried out by the end of 2016
Read moreGoldman Sachs reinstates Rolls-Royce at 'buy'
30th Sep 2015 10:28
(ShareCast News) - Goldman Sachs reinstated coverage of Rolls-Royce at 'buy' with a new price target of 966p. "Following a 48% fall in the share price since the beginning of 2014 and profit warnings in three major end markets, we believe the current valuation fails to reflect Rolls-Royce's cash flow
Read moreTuesday newspaper round-up: Rolls Royce, Syria, Valeant
29th Sep 2015 05:59
(ShareCast News) - The deepening scandal at Petrobras has further increased pressure on Rolls-Royce, the pre-eminent British engineer that is a key supplier of power turbines to the Brazilian oil major. Already under investigation in Brazil over claims that it paid cash to individuals to secure cont
Read moreEDF boss defends Hinkley Point plans
24th Sep 2015 16:45
(ShareCast News) - The chief executive of EDF Energy has defended plans to build Hinkley Point C nuclear power station, and told the BBC the project is not too expensive. The project in Somerset has been criticised for the £24.5bn price tag, delays with investment decisions and delays to the buildin
Read moreFTSE 100 movers: Lloyds tipped to be dividend heavyweight, Rolls-Royce dips despite new contracts
24th Sep 2015 13:54
(ShareCast News) - The FTSE 100 peaked at around 0915 BST, but then declined 64.83 points (1.07%) to 5967.41 by mid-afternoon Thursday. Lloyds Banking Group surged on the news that fund manager Alex Wright tipped the bank to become a dividend heavyweight over the next two years. That sent stock pric
Read moreEDF selects Rolls-Royce as preferred bidder for Hinkley Point
24th Sep 2015 10:51
(ShareCast News) - EDF Energy announced two further preferred bidder contracts worth over £100m on Thursday as it prepares to make a final investment decision for the Hinkley Point C nuclear power station in southwest England. EDF said London-listed engineering group Rolls-Royce is set to supply hea
Read moreCredit Suisse upgrades Rolls-Royce, says negatives are now priced in
5th Aug 2015 13:14
(ShareCast News) - Credit Suisse upgraded Rolls-Royce to 'neutral' from 'underperform' and raised the price target to 845p from 784.30p, saying most of the negatives are now in the share price. It noted the shares are down 22% over the last 12 months, underperforming the Stoxx 600 by 41% following a
Read moreLondon close: Weak China and US PMIs send FTSE lower
3rd Aug 2015 17:08
(ShareCast News) - Worse-than-expected manufacturing data in the US and China sent the FTSE lower at close on Monday. China's Caixin purchasing managers' index (PMI) on manufacturing activity, which was previously sponsored by HSBC, declined to a two-year low of 47.7 from June's 49.4 on a 100-point
Read moreFTSE 100 movers: Intertek surges on first-half numbers but miners slump on China woes
3rd Aug 2015 16:40
(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. Intertek surged after posting a 16% rise in first-ha
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