London open: German GDP gives sentiment a boost as UK stocks rise
13th Feb 2015 09:13
Strong gains in the mining and oil sectors pushed UK stocks higher on Friday, as investors showed optimism after much better-than-expected growth figures from Germany. London's FTSE 100 was up 0.75% at 6,879 early on, as resource shares tracked commodity prices higher. German gross domestic product
Read moreRolls-Royce reports weaker 2014 profits, expects further declines this year
13th Feb 2015 07:27
Rolls-Royce reported an underlying revenue drop of 6% in its full-year results for 2014, caused by reduced defence-customer spending and falling commodity prices. Underlying revenue fell to £14,588m in 2014, from £15,505m the year before, while underlying profit before tax fell 8% to £1,617m. This
Read moreLondon pre-open: Stocks to rise as German growth accelerates
13th Feb 2015 06:55
Strong data from Germany is expected to give UK stocks a boost on Friday, while concerns about Greece and Ukraine continue to ease. City sources predict the FTSE 100 will open 28 points higher than Thursday's close of 6,828.11. German economic growth picked up to 0.7% in the fourth quarter of 2014
Read moreLondon pre-open: Greek concerns and Chinese trade data to weigh on stocks
9th Feb 2015 07:49
Ongoing concerns about Greece and a sharp plunge in imports in China were expected to weigh on UK stocks on Monday. City sources predict the FTSE 100 will open 35 points lower than Friday's close of 6,853.44. Standard & Poor's downgraded Greece's credit rating by one notch and warned of the country
Read moreRolls-Royce wins $442m contracts for F-35 Joint Strike Fighter
9th Feb 2015 07:04
Rolls-Royce has won three contracts totalling $442m, producing and supporting lift systems for F-35B Lightning ll Joint Strike fighter jet. Rolls-Royce president defense programs John Gallo said: "Rolls-Royce remains committed to reducing LiftSystem costs to meet affordability requirements for the
Read moreFTSE 100 movers: Airlines Easyjet and IAG flying high, Dixons hit by downgrade
27th Jan 2015 13:32
Shares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expect
Read moreLondon midday: Stocks trip on lower copper and iron ore prices
26th Jan 2015 12:39
London stocks were underperforming their Eurozone peers slightly come midday as commodity prices took it on the chin. Over the weekend Greece's anti-austerity Syriza party came within a whisker of gaining an outright majority. Ironically, that meant that for now the worst political scenarios in the
Read moreLondon open: Stocks wavering as Economists less worried about Greek fallout
26th Jan 2015 09:18
London stocks started the morning moderately lower after Greece's anti-austerity Syriza party came within a whisker of gaining an outright majority in Sunday's elections, although various economists seemed sanguine that even under a worst case scenario the threat to the Eurozone as a whole was rathe
Read moreRolls-Royce breaks into market for Chinese locomotives exports
26th Jan 2015 08:01
Rolls-Royce has been awarded a contract to supply engines for major Chinese locomotive manufacturer CNR Dalian, marking its entry into that country's market for freight locomotives for export. The British engineer is to deliver 232 of its MTU Series 400 engines to CNR, the most powerful ones in that
Read moreRolls-Royce wins $1.1bn engine contract from Spanish carrier
15th Jan 2015 13:07
Engine maker Rolls-Royce has won a contract to provide $1.1bn worth of engines and long-term support services for new aircraft ordered by Spain's third largest airline. Spanish carrier Air Europa has ordered 14 new Boeing 787-9 Dreamliner aircraft, which use Rolls-Royce's Trent 1000 engines. The ca
Read moreRolls-Royce reveals share awards
13th Jan 2015 16:04
In another quiet day for deals in the UK, Rolls-Royce Holdings was one of several companies to announce details of share awards as part of its management incentive plans. Other companies included Easjet, Meggitt, Aviva and Lloyds Banking.
Read moreBroker tips: Rolls-Royce, GKN, Thorntons
23rd Dec 2014 12:26
Investec has trimmed its target price for Rolls-Royce from 900p to 860p and kept its 'hold' rating, saying that a faster decline in Trent 700 production "increases headwinds" for the engine maker. "The Trent 700, that powers the A330ceo, is currently Rolls' most significant in production engine. We
Read moreRolls-Royce to power largest Airbus A330 order in history with new engine
15th Dec 2014 15:54
Rolls Royce will provide engines to power 10 Airbus A330ceo and 55 Airbus A330neo planes ordered by Asia's largest low-cost airline, AirAsia X. The deal has Rolls Royce taking care of the aircraft engines as well as supplying a long term support package worth $6.2bn. Co-founder and director of AirA
Read moreLondon midday: UK stocks rise, but gains only modest after sell-off
10th Dec 2014 12:12
Stimulus hopes in China gave UK stocks a small boost on Wednesday though sentiment was still fragile after a global equity rout sent London's stock market to a one-month low the previous session. The FTSE 100 was up just 0.1% at 6,539. The index dropped over 2% to settle at 6,529.47 on Tuesday, its
Read moreLondon open: Stocks bounce off one-month low on Chinese stimulus hopes
10th Dec 2014 08:54
UK stocks edged higher on Wednesday after a steep sell-off sent the FTSE 100 to its lowest levels in more than a month. London's benchmark index was up 0.3% at 6,549 early on, after settling at 6,529.47 the previous day. Political uncertainty in Greece and concerns about lending in China hammered m
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