London pre-open: FTSE to open higher, lifted by Asia
14th Jul 2014 07:40
Lifted by a good performance in Asia overnight, UK stocks are set to get the week off to a positive start. City sources predict the FTSE 100 will open around 18 points higher than Friday's close of 6,690.17. "Last week's Eurozone fears sparked via the Portuguese banking system appear to have subs
Read moreWoodford reveals top 10 holdings dominated by pharma and tobacco
8th Jul 2014 13:21
Highly influential fund manager Neil Woodford has revealed the top 10 stocks in his new £1.6bn Woodford Equity Income fund, including new favourites Imperial Innovations and Rolls-Royce. The university technology spin-out group and the aircraft engine-maker did not feature in the manager's previous
Read moreRolls-Royce sets up JV to develop train transmission systems
4th Jul 2014 08:34
Rolls-Royce announced on Friday that it has entered into a long-term joint venture (JV) with engine group Hispano-Suiza (Safran) to develop accessory drive train transmission systems. The two companies have signed a memorandum of understanding to establish the 50:50 JV, which addresses the entire p
Read moreFTSE 100 movers: TUI Travel leads the risers after merger deal
27th Jun 2014 16:12
TUI Travel shares jumped after it announced that it had agreed the terms of a merger between itself and parent company TUI AG, a move that will create the world's "number one integrated leisure tourism business". Under the terms of the agreement, TUI Travel investors would receive 0.399 new TUI AG s
Read moreLondon midday: Mixed global data limits upside on the FTSE 100
27th Jun 2014 11:59
- UK GDP revised lower, but consumer confidence rises - Eurozone, Japan and China data disappoints - Fed's Bullard sparks rate-hike fears - Imagination drops on Intel stake sale techMARK 2,806.43 +0.15% FTSE 100 6,743.67 +0.13% FTSE 250 15,633.14 -0.09% London equities were making small gains on F
Read moreFTSE 100 movers: Shire leaps after rejecting bid from AbbVie
20th Jun 2014 15:32
Shares in Shire surged after the pharmaceutical group rejected a £27bn takeover approach by AbbVie, saying it "fundamentally undervalued" the company and its prospects. Panmure Gordon hiked its target price for the stock on Friday, saying that the AbbVie's proposal was "barely adequate". The broke
Read moreLondon close: FTSE above 6,800, lifted by Fed, Rolls-Royce, housing stocks
19th Jun 2014 16:59
- FTSE closes up 29.55 points at 6,808.11 - Fed in focus - Shire, housing stocks lead techMARK 2,814.08 +0.33% FTSE 100 6,808.11 +0.44% FTSE 250 15,683.88 +0.38% Despite a drop in the final minutes of trade, the top tier index ended today's session above the 6,800 level, having been fairly steady
Read moreFTSE 100 movers: Rolls-Royce soars on £1bn buyback proposal
19th Jun 2014 15:17
Jet engine maker Rolls-Royce took off after pledging to buy back £1bn of shares if it succeeds in selling its energy gas turbine and compressor business to Germany's Siemens. The company also outlined plans to reduce capital spending in the next five years. Housing stocks were also rebounding after
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
Read moreBroker tips: Rolls-Royce, BG Group, Micro Focus, SuperGroup
19th Jun 2014 13:19
Investec has kept a 'buy' rating for Rolls-Royce, labelling the engineer as a "shareholder-friendly diversified financial" after a potential £1bn share buyback was announced on Thursday. "We do not believe the share buyback was expected by investors and, as such, we think it is likely to be taken v
Read moreRolls-Royce signs third MoU with Chinese firm
19th Jun 2014 12:59
Rolls-Royce has announced yet another memorandum of understanding (MoU) with a Chinese nuclear reactor vendor, its third in as many days. As with the other two MoUs, the agreement will see Rolls work more closely with the vendor, in this case CNNC, on civil nuclear power in China, the UK, as well
Read moreLondon midday: Fed's low-rate promise gives UK stocks a boost
19th Jun 2014 11:37
- Interest rates to stay low for long time, says Yellen - Fed tapers QE by a further $10bn - UK retail sales fall 0.5% in May - Rolls-Royce unveils £1bn buyback techMARK 2,826.40 +0.77% FTSE 100 6,832.94 +0.80% FTSE 250 15,794.83 +1.09% Strong gains from Rolls-Royce, SuperGroup and housing stocks
Read moreInvestec reiterates 'buy' on "shareholder-friendly" Rolls-Royce
19th Jun 2014 09:16
Investec has kept a 'buy' rating for Rolls-Royce, labelling the engineer as a "shareholder-friendly diversified industrial" after a potential £1bn share buyback was announced on Thursday. The company said it would begin the repurchase programme if it succeeds in selling its energy gas turbine and c
Read moreLondon open: UK stocks jump post-Fed, Rolls-Royce gains
19th Jun 2014 08:30
- Fed tapers by $10bn a month - Yellen says rates to stay low - UK retail sales, US jobless claims on tap - Rolls-Royce unveils £1bn buyback techMARK 2,823.77 +0.67% FTSE 100 6,827.27 +0.72% FTSE 250 15,752.09 +0.82% UK stocks rose strongly on Thursday, helped by some decent gains from Rolls-Royce
Read moreLondon pre-open: FTSE set to jump after Federal Reserve meeting
19th Jun 2014 07:40
London-listed stocks are expected to charge higher in today's session, lifted by the Federal Reserve Chair Janet Yellen's comments that interest rates will stay low "for a considerable time". City sources predict the FTSE 100 will open around 40 points above yesterday's close of 6,778.56. After a
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