Rolls-Royce rallies as activist hedge fund targets cost cuts
3rd Aug 2015 10:29
(ShareCast News) - Shares in Rolls-Royce rose sharply, extending gains that began on Friday after it emerged that US hedge fund ValueAct has built a 5.4% stake in the aerospace and defence company. On Monday, the Financial Times reported that ValueAct is urging Rolls-Royce to accelerate cost cuts in
Read moreLondon pre-open: Stocks to open lower on US and Chinese data
3rd Aug 2015 08:18
(ShareCast News) - City sources predict the FTSE 100 will open six points lower than Friday's close of 6,696.28. A weak close in the US on poor wage growth and consumer sentiment will put downward pressure on the markets, London Capital Group night dealer Jonathan Sudaria said. "European equities a
Read moreMonday newspaper round-up: Osborne, Rolls-Royce, Next
3rd Aug 2015 08:03
(ShareCast News) - UK Chancellor George Osborne is aiming to eclipse the Thatcherite privatisation boom of the 1980s and 1990s as he oversees the biggest-ever sale of publicly-owned corporate and financial assets in one year. The chancellor hopes to dispose of £32bn-worth of assets this financial ye
Read moreSector movers: Aerospace and defence stocks lead London market higher
31st Jul 2015 15:50
(ShareCast News) - Aerospace and defence, and media stocks led the London market higher as miners continued to struggle on Friday. The FTSE 100 closed up 0.41% or 27.41 points at 6696.28, while FTSE 250 closed up 0.89% or 156.40 points at 17677.40, with aerospace and defence stocks trading higher.
Read moreLondon close: Stocks end higher despite Fed decision
30th Jul 2015 18:00
(ShareCast News) - London share prices ended modestly higher despite the US Federal Reserve's decision to leave the door open to possible interest rate increases in September which, it must be pointed out, might add to the pressure on the Bank of England to also make a move soon. The Footsie ended t
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
Read moreRolls Royce reiterates full-year guidance for sales and cash
30th Jul 2015 09:01
(ShareCast News) - Engine manufacturer Rolls Royce stuck to its current full-year 2015 guidance and chose to emphasise the positive outlook for the year thanks to continued growth in its order book. Management however was still smarting after it was forced to downgrade its guidance for free cash-flo
Read moreFTSE 100 movers: Royal Mail dips on underwhelming revenues, insurers and supermarkets higher
21st Jul 2015 14:04
(ShareCast News) - London markets were muted on Tuesday as investors awaited earnings reports from US tech giants and remained wary of interest rate hikes from the Bank of England and Federal Reserve. As of 15:00 BST, the FTSE 100 was trading flat at 6,784. Royal Mail dipped after delivering a mixe
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
Read moreLondon midday: Commodities weigh on equity gains, further gold and oil downside eyed
20th Jul 2015 12:57
(ShareCast News) - Softness in commodities markets were limiting gains on equities come midday in London, with some traders pointing out there was still margin for further downside moves in the likes of oil or gold, as investors monitored events in Greece. That followed a wave of selling in gold dur
Read moreLondon open: Global banks lead early gains, Aveva rockets
20th Jul 2015 09:53
(ShareCast News) - Risk appetite in markets was muted but positive in early trading as traders' eyes turned again towards Greece given the dearth of economic data due out on Monday. Greek banks reopened their doors and limits on cash withdrawals were relaxed slightly as the country prepared to pay b
Read moreLondon pre-open: Gold drops as focus shifts to central banks, earnings
20th Jul 2015 08:06
(ShareCast News) - Gold fell afoul of traders on Monday morning as the focus of markets shifted away from events in China and Greece and back towards central banks and corporate earnings, particularly Stateside. Economists' expectations for interest rates hikes in the UK and US have grown in recent
Read moreRolls-Royce wins two new Trent 700 contracts
20th Jul 2015 08:05
(ShareCast News) - Aerospace and defence company Rolls-Royce has announced two new deals worth $2.23bn. The company has been selected by SAUDIA, the national carrier of Saudi Arabia to provide long-term TotalCare engine service support worth $1.3bn for Airbus A330 Regional aircraft. It's also been
Read moreSunday newspaper round-up: Bank ring-fence, Standard Chartered, interest rates
19th Jul 2015 16:26
(ShareCast News) - The looming ring-fence plan to separate bank's investment and retail arms may be watered down as part of the government's attempts to re-engage with the City. The Sunday Times has been told by senior City and Treasury sources that behind-the-scenes talks with the Bank of England h
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
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