Friday tips round-up: BAE Systems, Cobham, Rolls Royce, Ultra
21st Feb 2014 08:17
Markets hate uncertainty and BAE Systems still has quite a bit of it. Indeed, the picture regarding the outlook for defence spending Stateside is now much clearer, crisp and clean even - but also quite sombre. Back in the UK, things are just about as clear, and sombre too. This is a company whose re
Read moreLondon pre-open: Higher start predicted for FTSE
21st Feb 2014 07:33
- Positive start expected on FTSE - One per cent decline expected in UK retail sales - RBS expected to announce major job cuts The FTSE is set to open in positive territory this morning, driven by a rally on Wall Street and gains over in Asia overnight. City sources predict the FTSE 100 will ope
Read moreRolls-Royce wins US Air Force contract
21st Feb 2014 07:03
Aerospace giant Rolls-Royce has scored a 182.7m-dollar contract with the US Air Force to support the C-130J fleet amid concerns over cuts in government defence spending. Under the so-called MissionCare, Rolls-Royce will supply sustainment services for its AE 2100 engines, nacelles and propellers o
Read moreSector movers: Gloomy guidance from BAE hits aerospace/defence stocks
20th Feb 2014 15:13
Gloomy guidance from heavyweight blue chip BAE Systems dragged the aerospace and defence sector into the red on Thursday. The share price of military hardware manufacturer BAE Systems dropped sharply today after it warned that profits in 2014 could fall by up to 10% on the back of pressures on US g
Read moreLondon close: Flat finish as unemployment rises
19th Feb 2014 16:21
- UK unemployment rises to 7.2 per cent - BoE MPC vote to maintain interest rates - US housing starts fall 16 per cent techMARK 2,875.58 -0.22% FTSE 100 6,796.71 0.00% FTSE 250 16,347.33 +0.03% The FTSE closed flat as traders digested UK unemployment data, minutes from the Bank of England's most
Read moreFTSE 100 movers: Sports Direct jumps after strong update
19th Feb 2014 14:02
Sports Direct International shot to the top of the risers after group sales in the quarter to January 26th rose 11.2 per cent from the previous year to 655.4m pounds. Gross profit gained 14.6 per cent to 280.7m pounds during the period with growth across all its divisions including Sports Retail, Br
Read moreLondon midday: Stocks slip after surprise increase in jobless rate
19th Feb 2014 11:41
- UK jobless rate rises to 7.2 per cent, above estimates - MPC votes unanimously to leave policy unchanged - Ex-div stocks provide a drag on FTSE - Sports Direct jumps after Q3 update techMARK 2,855.22 -0.93% FTSE 100 6,761.33 -0.52% FTSE 250 16,233.58 -0.66% UK markets pulled back from a four-w
Read moreFTSE 100 movers: Banks driven higher by inflation data
18th Feb 2014 15:08
Banks charged higher on the news that UK inflation fell below the government's target of 2.0 per cent in January for the first time since 2009. Royal Bank of Scotland and Barclays registered the strongest gains within their sector. BT shares were given a lift after the UK's Court of Appeal ruled t
Read moreSector movers: Telecoms and oil and gas stocks boost FTSE 100
18th Feb 2014 14:46
Telecommunication stocks were leading for a second day running on Wednesday as BT Group took its campaign for the right to offer the Sky Sports channels on YouView set-top boxes to a competition tribunal. BHP Billiton led oil and gas shares higher after reporting a 31% rise in first-half profit aft
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreSector movers: Telecom stocks rise while aerospace falls
17th Feb 2014 15:18
Vodafone led telecom stocks higher on Monday as the operator achieved a 500,000 customer milestone following the launch of 4G six months ago. Sector peer Telecom Plus gained after saying it will increase its annual dividend by 13% to 35p as the utility services provider is confident of achieving pr
Read moreSunday newspaper round-up: Essar, Barclays, Rolls-Royce
16th Feb 2014 17:56
The billionaire Indian Ruia family will this week offer to buy back the part of Essar Energy it does not own for less than a fifth of what investors paid for shares four years ago, the Sunday Times said. The Ruias are working on the final touches of an offer that will be a blow to the London market
Read moreRolls-Royce's shares plunge on forecast for flat 2014 results - UPDATE
16th Feb 2014 14:19
- FY 2013 revenue and profit rise - Dividend raised 13 per cent - FY 2014 revenue and profit expected to be flat Rolls-Royce's shares tumbled after saying it expects flat 2014 revenue and profit due to cuts in government defence spending. The world's second-largest maker of aircraft engines re
Read moreJefferies puzzled by crash in Rolls Royce share price - UPDATE
14th Feb 2014 16:27
For analysts at broker Jefferies, to lay the blame for the share price drop in Rolls Royce on Thursday on its weak guidance for defence sales and profits was a 'red herring'. Part of their rationale resided in the fact that even without the company's warning on defence sales and profitability for
Read moreBroker tips: Lloyds, Rolls-Royce, Petrofac, Ladbrokes
14th Feb 2014 12:15
JPMorgan Cazenove has lifted its recommendation for Lloyds Banking Group from 'neutral' to 'overweight' saying that there is upside risk to new lowered forecasts following the bank's 2013 results. JPMorgan said the market's negative reaction to the results on Thursday "reflects a rebasing of expect
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