Rolls-Royce upgraded by Societe Generale after sell-off
14th Feb 2014 10:19
Societe Generale has lifted its view on Rolls-Royce from 'sell' to 'hold' despite the aerospace and defence group's gloomy guidance for 2014, saying that the stock is now trading at a substantial discount to peers after its recent sell-off. Rolls-Royce reported an in-line set of 2013 results on Thu
Read moreUK stocks edge lower as investors await Eurozone GDP
14th Feb 2014 09:05
- Eurozone GDP figures ahead - Italian politics in focus as PM resigns - Miners rise strongly, banks and retailers fall techMARK 2,822.53 -0.05% FTSE 100 6,650.83 -0.13% FTSE 250 16,045.41 +0.10% UK stocks opened slightly lower on Friday morning with strong gains from mining stocks outweighed by w
Read moreFriday tips round-up: Rolls Royce, Imperial Tobacco
14th Feb 2014 07:28
Analysts who thought that Rolls Royce's good run in defence would come away unscathed through a period of uncertainty were breathing their own fumes. Neither do the supposed long-term investors in the company's shares seem to have been all that they were cracked up to be. The company has been a bril
Read moreUK stocks erase losses, but corporate earnings weigh on sentiment
13th Feb 2014 16:55
- Stocks snap winning streak but pare losses by the close - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - US retail sales disappoint techMARK 2,823.82 -0.26% FTSE 100 6,659.42 -0.23% FTSE 250 16,029.39 -0.31% Profit warnings from Tate & Lyle and
Read moreSector movers: Rolls-Royce profit warning hits defence stocks
13th Feb 2014 16:27
Aerospace and defence stocks were hammered on Thursday by a profit warning from sector heavyweight Rolls-Royce, after the company said that cuts in government defence spending would keep a lid on profits this year. The world's second-largest maker of aircraft engines revealed an estimated 15-20% dr
Read moreFTSE 100 movers: Rolls-Royce nosedives on 2014 outlook
13th Feb 2014 14:35
Rolls-Royce's shares tumbled after the group said it expects flat 2014 revenue and profit due to cuts in government defence spending. The world's second-largest maker of aircraft engines revealed an estimated 15-20 per cent slump in defence revenue would hinder results this year as it reported its f
Read moreUK markets snap six-day winning streak after blue-chip profit warnings
13th Feb 2014 11:59
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - Miners fall, AMEC and Imperial rise techMARK 2,811.28 -0.70% FTSE 100 6,624.61 -0.76% FTSE 250 15,968.13 -0.69% UK stocks opened firmly lower on Thursday after a
Read moreUK stocks retreat from three-week high as earnings disappoint
13th Feb 2014 08:30
- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce, Lloyds and Rio fall after updates - AMEC, Imperial rise techMARK 2,817.35 -0.49% FTSE 100 6,649.80 -0.38% FTSE 250 15,999.35 -0.50% UK stocks opened with moderate losses on Thursday after poorly-received results and updates from a nu
Read moreFTSE to pare recent gains ahead of quiet session
13th Feb 2014 07:18
- Small losses ahead of quiet session - Yellen testimony postponed - Attention to turn to German CPI and Greek unemployment The FTSE is set to open in the red this morning ahead of what is expected to be a fairly quiet day. City sources predict the FTSE 100 will open 17 points lower than yesterda
Read moreRolls-Royce's shares plunge on forecast of flat 2014 results - UPDATE
13th Feb 2014 07:09
- 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 reveal
Read morePolice make arrests linked to Rolls-Royce probe
12th Feb 2014 15:49
Fraud investigators and police arrested two men in London on Wednesday in connection with a probe into bribery allegations involving jet engine maker Rolls-Royce's business in China and Indonesia. The Serious Fraud Office (SFO) said it had made two arrests, which unidentified sources cited by news
Read moreThursday preview: Lloyds, Rio Tinto, Rolls-Royce release finals
12th Feb 2014 14:53
Thursday's agenda will be jam-packed with economic releases and company results including finals from Lloyds Banking Group, Rio Tinto and Rolls-Royce. Ahead of its annual results, Lloyds has agreed a deal to pay about £395m in bonuses, including an award of more than £1.5m for its Chief Executive A
Read moreRolls Royce signs billion dollar deal to supply 600 engines
12th Feb 2014 12:56
Rolls-Royce has signed a one billion dollar deal with Lockheed Martin to deliver around 600 engines that will power future C-130J Super Hercules aircraft. The engine agreement, which will service US government and international contract requirements between 2014 and 2018, secures the Rolls-Royce AE
Read moreUK stocks rise ahead of Yellen, but Barclays slumps
11th Feb 2014 11:37
- Barclays drops seven per cent after 2013 results disappoint - Markets expecting 'dovish' Yellen, says analyst - Miners track metal prices higher - Retailers gain after economic data techMARK 2,825.35 +0.66% FTSE 100 6,643.63 +0.79% FTSE 250 16,012.87 +0.64% UK markets rose strongly on Tuesday as
Read moreMonday newspaper round-up: ECB, Vodafone, Rolls Royce
27th Jan 2014 06:35
Mario Draghi has signalled that he would be prepared for the European Central Bank to fight deflation in Europe by buying packages of bank loans to households and companies. Such a move would mark a sharp departure from traditional quantitative easing and provide a potential fix to the collapse in b
Read more