Rolls-Royce shares dive after profit warning
6th Jul 2015 07:04
Shares in aerospace manufacturer Rolls-Royce were down by nearly a tenth after the firm warned on Monday it would not meet profit expectations. At 09:38 on Monday shares had fallen 9% to 779.47p after opening at 774p. Rolls Royce said in an update it expected full-year profit to be between £1.325m-
Read moreLondon close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreRolls-Royce wins Finnair servicing contract
17th Jun 2015 09:30
Rolls-Royce said on Wednesday that it has won a contract to service engines on Finnair's aircraft. The company will provide service support for Trent XB engines that will power 19 Airbus A350 XWB aircraft to be operated by Finnair. Finnair was the first airline to select the A350 XWB and will be th
Read moreFTSE 100 movers: Standard Chartered hit by dividend cut speculation, Easyjet downgraded
15th Jun 2015 13:26
London stocks plunged towards three month lows on Monday, as investors nervously anticipated further details of a fed rate hike on Wednesday and Greece's negotiations with its creditors collapsed abruptly. At 1500 BST, the FTSE 250 was trading 0.9% lower at 6.724. Shares in Standard Chartered dropp
Read moreRolls-Royce wins $224m-worth of contracts with US Department of Defense
15th Jun 2015 08:01
Rolls-Royce has won contracts worth a total of $224m with the US Department of Defense to support US military branches and global air forces. The FTSE 100 company will provide logistics support, engineering, parts, repairs, field services and design modifications across a variety of fleets. Executi
Read moreRolls Royce enters JV with Germany's Liebherr-Aerospace
10th Jun 2015 11:51
British engineering group Rolls Royce has entered a joint venture with Germany's Liebherr-Aerospace to develop gearboxes for next generation aircraft. The pair will produce a power gearbox for Rolls Royce's new UltraFan engine, which the company said will offer at least 25% less fuel burn compared w
Read moreLondon open: Stocks edge higher ahead of Queen's Speech, Imperial rises
27th May 2015 09:20
UK stocks rebounded slightly on Wednesday morning after a sharp sell-off the previous session, with investors awaiting the Queen's Speech on a quiet day in terms of economic and corporate news. The FTSE 100 was up 0.32% at 6,971.03 early on after dropping 1.18% on Tuesday to 6,948.99. Consumer conf
Read moreLondon pre-open: Stocks to rebound slightly after sell-off
27th May 2015 07:50
UK stocks are expected to edge higher on Wednesday morning after a heavy sell-off the previous session, ahead of a quieter day in terms of economic data. City sources predict the FTSE 100 will open around 12 points higher after falling 1.2% on Tuesday to 6,948.99. Consumer confidence surveys will b
Read moreRolls-Royce wins British Army engine contract
27th May 2015 07:09
Engine maker Rolls-Royce has been selected by the British Army to supply 589 MTU series 199 diesel engines for use in the new SCOUT specialist vehicle. The contract, which represents the first time that the British Army has used engines made by Rolls-Royce's German manufacturing division MTU, is wor
Read moreRolls-Royce to cut 600 jobs in marine division by the end of 2015
18th May 2015 12:25
Rolls-Royce Holdings is set to cut 600 jobs in its marine business by the end of 2015, in a bid to reduce costs amid challenging market conditions. In a statement released on Monday, the FTSE 100 group said the reductions will be worldwide, with approximately 50% of the cuts to take place in Norway.
Read moreLondon close: Stocks surge following elections
8th May 2015 17:00
London stocks racked up healthy gains on Friday, as investors welcomed news that Prime Minister David Cameron's Conservative Party would remain in power for a second term. The FTSE 100 closed up 2.32% at 7,046.82, with banks, utility stocks and housebuilders providing the biggest support. Lloyds Ba
Read moreLondon midday: Stocks power ahead as market cheers surprise Tory election win
8th May 2015 11:23
London stocks posted healthy gains on Friday as investors welcomed news that Prime Minister David Cameron's Conservative party is on track for a second term in power. The FTSE 100 was up 1.7% at 7,004.23 by midday, with banks, utility stocks and housebuilders pacing the advance. Lloyds Banking Grou
Read moreLondon open: Stocks surge as Conservatives look set for election win
8th May 2015 09:04
London stocks made strong gains on Friday as investors cheered signs that Prime Minister David Cameron's Conservative Party is on track to govern Britain for another five years. The FTSE 100 was up 1.5% at 6,989.60 in early trade, with banks and utility stocks leading the charge. Lloyds Banking Gro
Read moreRolls Royce maintains guidance but warns over currency hit to revenue
8th May 2015 07:27
British engineering firm Rolls Royce said on Friday that it was maintaining its full year guidance for 2015, but warned over a potential hit to revenues as a result of unfavourable currency rates. The company's 2015 guidance excluded the effects of foreign exchange translation. "Compared with 2014,
Read moreFTSE 100 movers: Aberdeen lower on accelerating outflows, HSBC underwhelms
5th May 2015 13:21
Asset manager Aberdeen led the fallers as it reported an accelerating outflow of funds, with £11.3bn withdrawn by investors in the six months to 31 March. HSBC was trading lower, after underwhelming with its first-quarter results despite profits coming in ahead of expectations. Reported pre-tax prof
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