Brokers lift Rolls-Royce targets after Daimler buy-out
10th Mar 2014 14:27
A host of analysts lifted their target prices for Rolls Royce on Monday after the engine group's move last week to buy-out Daimler in their 50-50 joint venture, Rolls-Royce Power Systems (RRPS). After the close of trade on Friday, Rolls-Royce said that it is to buy the remaining 50% stake in RRPS f
Read moreDaimler sells stake in power systems joint-venture to Rolls Royce
10th Mar 2014 14:20
After the close of trading last Friday, Daimler AG announced its intention to make use of its 'put' option, granted in 2011, to sell its 50 per cent equity stake in Rolls-Royce Power Systems (RRPS) to Rolls Royce. As a result of the transaction, Daimler expects to see "a significant cash inflow", a
Read moreBP Managing Director joins board of BT Group
10th Mar 2014 13:19
BP's Managing Director Iain Conn has joined the board of BT Group as a Non-Executive Director with effect from June 1st. Conn has been with BP since 1986, during which time he served as Chief Executive for three years before taking up his current role in 2007. He will step down from the board of
Read moreLondon midday: Stocks edge higher despite weak Asian data
10th Mar 2014 11:40
- Mining stocks pare losses after Asian data - China registers surprise trade deficit - Japan GDP revised lower - Vodafone raising offer for Ono, reports say techMARK 2,863.88 +0.14% FTSE 100 6,724.00 +0.17% FTSE 250 16,590.48 +0.19% UK markets edged higher on Monday as bargain hunters stepped in
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreBroker tips: Aviva, Schroders, Rolls-Royce, Imagination Technologies
6th Mar 2014 13:05
The share price of insurance giant Aviva soared on Thursday after the company beat expectations with its 2013 results, with Panmure Gordon providing a lift as it upgraded its rating on the stock from 'hold' to 'buy'. The broker highlighted Aviva's internal debt position which had reduced from £5.1b
Read moreLondon midday: Stocks pare gains ahead of ECB as BoE holds fire
6th Mar 2014 11:38
- BoE leaves rates on hold - ECB speculation ramps up ahead of decision - Crimea votes to join Russia, referendum set for 10 days - Aviva, Aggreko and Schroders jump after results techMARK 2,894.33 -0.17% FTSE 100 6,784.24 +0.13% FTSE 250 16,663.49 +0.30% UK stocks had trimmed earlier gains by Thu
Read moreAccounting issues to weigh on Rolls-Royce shares, says Citi
6th Mar 2014 11:12
Aerospace and engine maker Rolls-Royce was trading in the red on Thursday as sentiment was dampened by cautious comments from Citigroup, which highlighted concerns about accounting issues at the company. The bank kept its 'neutral' rating and a target price of 1,070p for the stock. Rolls recently
Read moreThursday newspaper round-up: Ukraine, Co-op, Rolls Royce
6th Mar 2014 07:13
Attempts to broker direct negotiations between Russia and Ukraine´s foreign ministers made little headway in Paris on Wednesday, although the US Secretary of State and Russia´s Minister of Foreign Affairs are due to meet again on Thursday, in Rome. In parallel, the European Union announced that it w
Read moreMonday newspaper round-up: Russia, Rolls Royce, Ladbrokes
3rd Mar 2014 07:30
Europe's two biggest states were on the brink of armed conflict last night after Russia tightened its grip by surrounding Ukrainian military bases and President Putin defended the invasion as "an appropriate response". Ukraine warned that it was "on the brink of disaster" as it put its military on h
Read moreFTSE 100 movers: Capita leads as RBS sinks
27th Feb 2014 15:06
Outsourcing specialist Capita led the upside after it said it had won 588m pounds-worth of new contracts so far in 2014, as it lifted pre-tax profits by 14 per cent to 215m pounds for the 2013 full-year. Revenues rose 15 per cent to 3.85bn pounds and operating profits increased to 516m pounds from 3
Read moreAircraft makers look to keep pace with demand
26th Feb 2014 17:37
With air travel showing every sign of being able maintain continuing good growth over 2014, it is not surprising that aircraft makers are experiencing greater demand as the confidence amongst carriers, not to mention their orders, feed through to them. Only last month ADS, the trade association fo
Read moreN+1Singer highlights tough defence outlook after GKN warning
25th Feb 2014 11:04
A trader at N+1Singer highlighted more bad news in defence after engineer GKN said demand for military aerospace kit was likely to keep falling. GKN said military spending remained under pressure, largely driven by cutbacks throughout the USA and Europe, with the ramp-up of new programmes being del
Read moreRolls-Royce secures contract with US Marine Corp
24th Feb 2014 07:50
Rolls-Royce has been awarded a 90.1m-dollar contract to supply engines to power MV-22 aircraft operated by the US Marine Corp. Under the contract, awarded through the Naval Air Systems Command in Maryland, the company will provide 40 of its AE 1107C engines manufactured in Indianapolis, Indiana.
Read moreFTSE 100 movers: BAE recovers after sharp declines
21st Feb 2014 14:26
BAE Systems was regaining some of yesterday's heavy losses, rising into the stop spot by this afternoon. The group suffered a sharp decline on Thursday after it warned that profits could fall by up to 10 per cent on the back of pressures on US government spending, and despite reporting a three per c
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