Rolls-Royce to buy back £1bn of shares if it sells energy gas turbine arm
19th Jun 2014 07:07
Jet engine maker Rolls-Royce pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and compressor business to Germany's Siemens as it outlined plans to reduce capital spending in the next five years. Rolls said it had decided to return the proceeds of the sale to share
Read moreRolls-Royce signs deal with another Chinese nuclear reactor vendor
18th Jun 2014 13:55
Power systems giant Rolls-Royce has signed a memorandum of understanding (MoU) with Chinese nuclear reactor vendor, CGN. Under the MoU, the companies will examine potential areas for collaboration between the two across a number of markets and areas, including engineering support, supply chain man
Read moreBerenberg sees upbeat aerospace outlook, but Iraq unrest may weigh
17th Jun 2014 14:13
Defence firms are cashing in on more US budget certainty and civil aerospace prospects remain good, but Iraq unrest could throw the cat among the pigeons, broker Berenberg says. Civil aerospace and defence stock valuations have converged in the last year as defence headwinds have moderated and prof
Read moreRolls-Royce signs collaboration deal with Chinese state vendor
17th Jun 2014 12:37
Rolls-Royce has signed a collaboration agreement with Chinese state nuclear reactor vendor SNPTC focused on winning more business in civil nuclear power projects in the UK and overseas. The two companies signed a memorandum of understanding to explore possible collaboration in such areas as engine
Read moreFTSE 100 movers: Precious metals miners lead gains
16th Jun 2014 15:05
Fresnillo, Randgold Resources, Glencore, BHP Billiton and Anglo American were all tracking metals prices higher. Glencore was also lifted by Investec, which moved its target price from 302p to 319p and upgraded the stock from 'reduce' to 'hold'. Driven higher by supply concerns, rising oil prices
Read moreBroker tips: Rolls-Royce, Reckitt, Mitchells & Butlers, Majestic
16th Jun 2014 12:45
Societe Generale has cut its recommendation for engine maker Rolls-Royce from 'hold' to 'sell', saying that earnings forecasts are at risk. Ahead of the company's investor briefing in London on Thursday, the bank said: "We expect some concerns over the outlook for 2014 earnings given management gui
Read moreLondon midday: Stocks extend multi-week lows on Iraq fears
16th Jun 2014 11:29
- Stocks inch lower, trading at six-week low - Markets "pause for breath" after sell-off, says analyst - Iraq concerns keep pushing crude prices higher - Smith & Nephew falls on Medtronic-Covidien tie-up techMARK 2,792.67 -0.80% FTSE 100 6,759.65 -0.27% FTSE 250 15,680.35 -0.85% Bargain hunters we
Read moreRolls-Royce hit by Societe downgrade to 'sell'
16th Jun 2014 09:26
Societe Generale has cut its recommendation for engine maker Rolls-Royce from 'hold' to 'sell', saying that earnings forecasts are at risk. The comments came ahead of the company's investor briefing in London on Thursday, at which senior management will discuss things such the group's strategy, cap
Read moreLondon open: Iraq tensions continue to pull stocks lower
16th Jun 2014 08:50
- Iraq tensions continue to push crude higher - Fed meeting in focus this week - Smith & Nephew falls as Medtronic buys Covidien techMARK 2,798.75 -0.58% FTSE 100 6,770.86 -0.10% FTSE 250 15,741.74 -0.46% UK stocks edged lower on Monday morning as ongoing tensions in Iraq continued to erode risk a
Read moreLondon close: Ex-divs, airlines, global forecast weigh FTSE down
11th Jun 2014 16:59
- FTSE ends 34.68 lower at 6,838.87 - World Bank lowers global forecast - Airlines, Rolls-Royce drag techMARK 2,840.73 -0.65% FTSE 100 6,838.87 -0.50% FTSE 250 16,087.63 -0.76% London's blue chips finished today's session firmly lower, weighed down by stocks going ex-dividend, airlines, and a redu
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreLondon pre-open: FTSE to slide lower early on
11th Jun 2014 07:40
Stocks in the UK are expected to ease lower this morning following a more subdued finish to yesterday's session over in the States last night, with City sources predicting the FTSE 100 will open around 10 points below yesterday's close of 6,873.55. Having scorched to a succession of highs in recent
Read moreAirbus and Rolls-Royce hit as Emirates axes A350 order - UPDATE
11th Jun 2014 07:11
Gulf carrier Emirates has ditched a $16bn order for Airbus A350 aircraft, sparking concerns about the global airline industry's growth prospects. Airbus said Emirates had cancelled the deal for 70 jets following ongoing talks between the pair "in light of Emirates' fleet requirement review". Neith
Read moreLondon pre-open: Negative start for FTSE ahead of UK data
10th Jun 2014 07:40
UK stocks are set to start today's session on a downbeat note, with City sources predicting the FTSE 100 will open around 17 points lower than yesterday's close of 6,875.00. The decline is expected despite a decent performance in Asia overnight and new record highs reached in the States at last nig
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