London midday: Oil stocks lead UK markets lower
20th Oct 2014 11:49
Anyone hoping for a positive start to the week on the stock market following the recent volatility would have been disappointed on Monday as UK equities suffered more steep falls. London's FTSE 100 was trading 0.8% lower at 6,259 by midday with energy stocks leading the fallers as oil prices weakene
Read moreRolls-Royce receives raft of further broker downgrades
20th Oct 2014 10:40
Analysts at JPMorgan Cazenove, Investec and Liberum have all taken a more cautious view on Rolls-Royce after the engine maker lowered its full-year revenue guidance last week. The engineering group said on Friday that it now expects underlying revenues to fall 3.5-4% in 2014 due to deteriorating eco
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreLondon open: UK stocks decline as volatility continues
20th Oct 2014 08:20
UK stocks declined on Monday morning on a quiet day for economic data, with investors still showing caution following a volatile week for markets last week. The FTSE 100 was trading 0.4% lower at 6,283 in early deals. Despite a partial recovery on Friday, European equity markets registered their fo
Read moreLondon close: FTSE ends higher as markets rebound
17th Oct 2014 16:50
The FTSE ended Friday's session on a positive note after a week of volatile and largely negative trading. The top tier index settled 114.38 points higher at 6,310.29, limiting the week's losses to 32.63, or 0.51%. "In London equities are finishing the week on a positive note as Greek bond yields re
Read moreFTSE 100 movers: Oil stocks rise as Rolls-Royce falls into last place
17th Oct 2014 15:58
Tullow Oil, Shell and a number of other oil companies were all trading in positive territory on Friday afternoon thanks to a continued rebound in crude prices. Fears about an oversupply of oil saw West Texas Intermediate (WTI) crude drop below $80 a barrel this week, while Brent futures sank to a fo
Read moreLondon midday: Oil stocks boost markets as sentiment recovers, Rolls-Royce drops
17th Oct 2014 11:41
UK stocks staged a partial recovery on Friday following a turnaround in sentiment on Wall Street, with oil producers leading the upside after a bounce in oil prices from their recent lows. The FTSE 100 was up 0.8% at 6,245 by midday. On the face of it, a 0.8% gain on the FTSE 100 would otherwise be
Read moreLondon open: UK stocks attempt to rebound after recent falls
17th Oct 2014 08:25
UK stock markets recovered slightly on Friday morning as investors looked for bargains in the aftermath of recent volatility, which sent equities to a 16-month low the previous session London's FTSE 100 index was up 0.7% at 6,242 in early deals. Rolls-Royce and Travis Perkins were both trading in th
Read moreRolls-Royce slashes 2014 sales guidance, profit forecasts unchanged - UPDATE
17th Oct 2014 07:27
Power systems giant Rolls-Royce has said it now expects underlying sales to fall this year on the back of worsening trading conditions, while free cash flow (FCF) is forecast to be less than half of what was anticipated. The engine maker now forecasts underlying revenues for 2014 to be 3.5-4% lower
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreTuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read moreRolls-Royce wins engine deal from Norwegian
9th Oct 2014 07:41
Jet engine maker Rolls-Royce has announced an order for its Trent 1000 engines from Nordic airline Norwegian, although it said it had already included the sales in its order book. Norwegian has chosen the Derby-made engines to power nine extra leased Boeing 787-9 Dreamliner aircraft, bringing the to
Read moreRolls-Royce lands new order from Island Offshore
8th Oct 2014 10:35
Rolls-Royce has won an order worth £7m to deliver power and propulsion systems and equipment for offshore service vessel owner Island Offshore. The vessel, which will be built at Vard shipyard in Norway, is due for delivery in January 2016. The deal follows previous orders placed by Island Offshore
Read moreSunday newspaper round-up: BP, Morrisons, UK equities
8th Sep 2014 11:36
BP is preparing for a long legal battle that could delay for several years the financial impact of Thursday's court ruling that it acted with gross negligence and wilful misconduct in the Deepwater Horizon disaster, the Financial Times reported. "It's going to be a long time before we resolve this,"
Read moreRolls-Royce wins Brazilian crane deal
27th Aug 2014 15:13
Engineering group Rolls-Royce has won a deal of undisclosed value to provide cranes for ships used to take supplies to oil rigs. Rolls has signed a contract with Detroit Chile to supply 18 cranes for nine platform supply vessels being built at Itajal in Brazil. The boats designed by Guido Perla wi
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