London midday: FTSE 100 at a two-and-a-half-month high
21st Oct 2013 11:22
The FTSE 100 was trading at its highest levels since early August on Monday morning as equities extended gains made last week following the last-minute US deal to extend the debt ceiling. Upside was limited in morning trade, but London's benchmark index still managed to push past its September high
Read moreLondon close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreLondon open: M&S, Burberry lead FTSE 100 lower as US shutdown persists
7th Oct 2013 08:29
An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t
Read moreRolls-Royce receives engine order from Japan Airlines, US government
7th Oct 2013 07:39
Power systems group Rolls-Royce has received an order from Japan Airlines to deliver its Trent XWB engines for a new fleet of 31 Airbus A350s. The Trent XWB, which according to Rolls-Royce is the "world's most efficient engine flying today", will power 18 A350-900 and 13 A350-100 aircraft. This fol
Read moreLondon close: Stocks up but gains limited on Fed uncertainty, mixed data
24th Sep 2013 16:31
Markets closed slightly higher on Tuesday afternoon after a choppy day though upside was limited as investors focused on mixed data and the uncertain future for Federal Reserve monetary policy. Last week's surprise decision by the Fed to maintain its stimulus programme is still fresh in investors'
Read moreSector movers: BAE, Rolls-Royce lead aero/defence sector higher
24th Sep 2013 14:27
Aerospace and defence stocks were among the best performers on Tuesday afternoon with gains from sector giants BAE Systems and Rolls-Royce providing a lift. BAE's share price was boosted on the news that South Korea has reopened an $8bn tender to upgrade its ageing air force. Seoul is looking for
Read moreBroker tips: Lloyds, Rolls-Royce, Euromoney
24th Sep 2013 12:26
Investec has upgraded its rating for Lloyds from 'sell' to 'hold' and lifted its target price from 65p to 76p on a more accommodative and targeted political and regulatory backdrop. Analyst Ian Gordon said that the Prudential Regulation Authority's (PRA's) decision to impose an "accelerated" 3% lev
Read moreLondon midday: Market flat after German data comes in mixed
24th Sep 2013 11:30
Stocks were trading broadly flat on Tuesday morning with markets lacking direction after mixed economic data from Germany and concerns about the US economy. The German IFO business climate indicator for the month of September edged up only slightly, yet expectations for the next six months were sli
Read moreBroker snap: Jefferies ups target for Rolls-Royce on TotalCare optimism
24th Sep 2013 09:20
Power systems giant Rolls-Royce was a high riser on the FTSE 100 on Tuesday morning after Jefferies raised its target price for the stock from 1,250p to 1,400p and kept a 'buy' rating as it expressed optimism with 'TotalCare'. Jefferies said that TotalCare - Rolls-Royce's maintenance and repair ser
Read moreLondon open: Markets flat ahead of economic data
24th Sep 2013 08:30
Stocks opened flat on Tuesday morning as ongoing uncertainty over Federal Reserve monetary policy and concerns over the US debt ceiling continue to dominate market sentiment. Investors were also choosing a cautious approach ahead of business confidence data from Germany this morning, as well as Ame
Read moreFTSE 100 movers: Miners track metal prices higher
19th Sep 2013 14:17
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillo, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and copp
Read moreLondon midday: FTSE delivers strong gains in wake of Fed decision
19th Sep 2013 11:39
The FTSE spent the morning up 90-100 or so points higher, after the Federal Reserve surprised with its decision to maintain its bond-buying strategy on the back of softer growth. Meanwhile, data showed that UK retail sales growth suffered a slowdown in August following a particularly strong July.
Read moreRolls Royce selected to power Lufthansa aircraft
19th Sep 2013 10:38
Lufthansa has chosen Rolls-Royce's Trent XWB engines to power 25 Airbus A350-900 aircraft, with the option for a further 30 aircraft. The deal, which is worth $1.5bn, takes the number of Trent XWBs ordered to over 1,400. It is due to enter service next year. Eric Schulz, the President of Civil L
Read moreRolls-Royce wins Royal Navy contract
11th Sep 2013 12:28
Rolls-Royce has been chosen by the Royal Navy to design the power turbine system for its new combat ship. The group said this was likely to include its Rolls-Royce MT30, what it called the world's most powerful marine gas turbine. The FTSE 100 engine maker will work with the Global Combat Ship's d
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