London midday: FTSE 100 nears one-month high
10th Sep 2013 11:39
Receding fears about a potential US military strike on Syria and decent data from China lifted UK stocks on Thursday morning, with the FTSE 100 rising to levels not seen in nearly a month. London's benchmark index was up 0.8% at 6,581.91 by midday; the last time it closed higher was on August 14th
Read moreLondon open: Stocks rise on Syria developments, China data
10th Sep 2013 08:39
Stocks jumped strongly on Tuesday morning following a decent finish on Wall Street the night before on the back of easing concerns about a potential US strike on Syria. US benchmarks rose by an average 1% on Monday after Russian Foreign Minister Sergei Lavrov urged Syria to place any chemical weapo
Read moreLondon pre-open: Stocks seen higher as concerns over Syria intervention ease
10th Sep 2013 07:24
Markets are expected to open firmly higher on Tuesday morning, taking their cue from a strong finish on Wall Street last night, on the back of easing concerns about an imminent US military intervention in Syria. City sources predict the FTSE 100 will open up 32 points from yesterday's close of 6,5
Read moreRolls-Royce wins contract with Asia Gas Pipeline
10th Sep 2013 07:01
Rolls-Royce has scored a 175m dollar contract with Asia Gas Pipeline (AGP) for services on a natural gas pipeline in Kazakhstan. The FTSE 100 company will supply AGP with equipment and related services to power the flow of natural gas through Kazakhstan's Line C Gas Pipeline, part of the 1,833km l
Read moreFriday newspaper round-up: North Sea, Glaxo, Wonga
6th Sep 2013 07:30
Government borrowing costs in the US and Europe surged as investors became more optimistic that the developed world has embarked on a period of sustained and rapid growth and anticipated that central banks will increase interest rates earlier than previously thought. Yields on sovereign debt, which
Read moreRolls-Royce completes RTM322 engine sale
2nd Sep 2013 07:47
Rolls-Royce has completed the sale of its half share of a helicopter engine programme to Safran for 293 million euros (249 million pounds) in cash. Safran's Turbomeca arm takes full responsibility for the RTM322 programme and will manage the design, production and support for the engine, which powe
Read moreShare tips: Rolls-Royce, Drax, Rightmove, TalkTalk
28th Jul 2013 16:11
Innovation will help drive sales at Rolls-Royce as jet fuel costs increase, regulation of airport noise tightens and aircraft makers build larger models, The Daily Telegraph's Questor says. The need for quieter, more efficient engines and increased airline traffic from emerging markets will boost th
Read moreLondon close: Stocks end slightly lower
26th Jul 2013 18:14
The Footsie ended the day slightly in the red following a weak start on Wall Street and with a similar pattern to yesterday´s emerging, with equities in core European countries such as the UK and Germany on the back foot while periphery equities tended to outperform. The top flight index finish
Read moreLondon midday: Investors take some money off the table
26th Jul 2013 12:01
The Footsie has dipped slightly into the red ahead of the 'opening bell' on Wall Street with a similar pattern to yesterday´s emerging, with equities in core European countries such as the UK and Germany on the back foot while periphery equities tend to outperform. Thus, this morning´s initial g
Read moreLondon close: Markets fall but Shire leads late rally
25th Jul 2013 17:08
Markets closer firmly in negative territory on Thursday after corporate earnings came in mixed, but the FTSE 100 finished well off its intraday lows following a surge from Shire and upbeat economic data in the States. London's benchmark index finished 32 points lower at 6,588. Investors gave a pre
Read moreSector movers: Aerospace/defence lifted by Rolls-Royce, US durable goods
25th Jul 2013 14:56
Aerospace and defence stocks were the best performers in London on Thursday on the back of strong interim results from engine maker Rolls-Royce and US durable goods figures for last month which showed a big hike in orders from the sector. Rolls-Royce recorded revenues of £7.3bn, up 27% year-on-year
Read moreFTSE 100 movers: Corporate earnings spark mixed reaction
25th Jul 2013 14:09
Mixed reactions to corporate earnings provided some sharp swings in share prices both ways on Thursday, with Rolls-Royce, Shire and Reed Elsevier rising strongly and Capita, Unilever, BT Group and Johnson Matthey falling into the red. Rolls-Royce Holdings jumped after reporting a 34% jump in pre-t
Read moreLondon midday: Markets shrug off UK growth as earnings disappoint
25th Jul 2013 12:07
An expected pick-up in UK economic growth in the second quarter wasn't enough to lift London's FTSE 100 into positive territory on Thursday morning as markets reacted to a series of disappointing results from a number of blue-chip firms. Capita, BT Group, Unilever and Johnson Matthey were all tradi
Read moreBroker tips: Rolls-Royce, Capita, Morgan Advanced Materials
25th Jul 2013 11:53
Investec has maintained its 'buy' rating and 1,350p target price for Rolls-Royce following the engine maker's better-than-expected first-half results on Thursday. "RR has been one of the best performers in the sector year to date (+36%) and on an FY14E price-to-earnings of 16.1x, is the highest rat
Read moreBroker snap: Rolls-Royce deserves premium rating after strong H1, says Investec
25th Jul 2013 10:32
Investec has maintained its 'buy' rating and 1,350p target price for Rolls-Royce following the engine maker's better-than-expected first-half results on Thursday. The broker said that the company has produced "another solid set of interim results, slightly ahead of consensus revenue and profit fore
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