London open: Markets fall ahead of busy day for economic data
25th Jul 2013 08:29
Markets opened lower on Thursday morning as investors digested a raft of economic data and looked ahead to a series of key economic indicators due for release later on. The IFO survey on the business climate in Germany during July is due out this morning, along with the first estimate of second-qua
Read moreLondon pre-open: Lower start expected ahead of data
25th Jul 2013 07:58
Stocks are expected to fall slightly on Thursday morning as investors get set for a busy day for economic data. City sources predict the FTSE 100 will open down 13 points from yesterday's close of 6,620. The IFO survey on the business climate in Germany during July is due out this morning, along
Read moreRolls-Royce reports jump in pre-tax profits as orders increase
25th Jul 2013 07:03
Rolls-Royce Holdings posted a 34 per cent jump in pre-tax profits to 840m pounds for the first half as the engine maker secured more orders. Underlying revenue was up 27% to £7.3bn, including a £1.1bn contribution from Tognum which was incorporated into the firm's results for the first time since
Read moreRolls-Royce denies claims it cut corners
5th Jul 2013 10:47
Rolls-Royce has hit back at claims it cut corners on quality control requirements. Two former employees of the engine maker, Thomas McArtor and Keith Ramsey, made the allegations in a US lawsuit in which they accused the company of routinely using parts designated as 'scrap only'. The pair is try
Read moreRolls-Royce bags more big orders
20th Jun 2013 11:52
Engineering heavyweight Rolls-Royce said it has won a 880m dollar order for its Trent XWB engines with United Airlines and a 1.4bn dollar order with Philippine Airlines to deliver Trent 700 engines. Earlier this week Rolls Royce announced deals with Air Lease Corporation and Air France. The Unite
Read moreAir Frances signs MoU with Rolls-Royce
19th Jun 2013 10:13
Rolls-Royce said Air France has signed a memorandum of understand with the company for Trent XWB engines to power 25 Airbus A350s. The landmark deal is worth $1.1bn at current list prices. Air France-KLM also has options covering 25 more A350 XWB aircraft. Alexandre de Juniac, Chairman and Chief
Read moreRolls-Royce wins 160m dollar Air Lease order
18th Jun 2013 11:47
Engineering giant Rolls-Royce has won a 160m dollar order from Air Lease Corporation for Trent 1000 engines to power four Boeing 787-9 Dreamliner aircraft. The order marks the first Trent 1000 selection by the US aircraft leasing company. Rolls-Royce President of Civil Large Engines Eric Schulz
Read moreBroker tips: Rolls-Royce, Glencore Xstrata, Great Portland
14th Jun 2013 12:54
Investec has upgraded power-systems giant Rolls-Royce from 'add' to 'buy', saying that profitability is on an upwards trajectory and higher payouts for shareholders could be on the cards. "Rolls-Royce?s long-term and highly visible growth story is understood by the market. However, we argue its pow
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
Read moreBroker snap: Investec upgrades Rolls-Royce on profit and payout potential
14th Jun 2013 09:19
Investec has upgraded power-systems giant Rolls-Royce from 'add' to 'buy', saying that profitability is on an upwards trajectory and higher payouts for shareholders could be on the cards. Investec highlighted the momentum in Civil Aerospace where the backlog is around £45bn. The broker said that Tr
Read moreLondon open: FTSE 100 tracks US and Asian markets higher early on
14th Jun 2013 08:46
Stocks were registering moderate gains on Friday morning as fears over the Federal Reserve's eventual 'exit strategy' from stimulus were eased overnight. Wall Street benchmarks rose strongly on Thursday on expectations that Fed Chairman Ben Bernanke will attempt to calm markets by pushing back pred
Read moreSector movers: Metal miners strengthen on lifting of Chinese restriction
13th Jun 2013 15:36
The industrial metals and mining sector was in favour on Thursday, led by a bounce in the price of copper and scrapping of Chinese import restrictions. Evraz led the sector due in part to the complex readjustments made by fund managers as the Russian metals giant received its marching orders from
Read moreFTSE 100 movers: Wolseley bounces back from slump
5th Jun 2013 14:43
Building materials group Wolseley rebounded Wednesday, a day after shares took a hammering when investors noted a slight slowdown in the US and ongoing weakness in Europe. Investors today seems to take greater notice of the group's 7.9% rise in third quarter trading profits to £150m, reported yeste
Read moreLondon close: Bernanke's dovish tone sparks surge late on
22nd May 2013 17:12
After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs. The benchmark index extended its impressive year-to-date rise to nearly 16% today after Ben Bernanke initiated a dovish to
Read moreLondon midday: Stocks pull back as UK retail sales drop
22nd May 2013 12:02
Disappointing retail sales in the UK saw markets pull back from a 13-year highs on Wednesday morning while traders kept a close eye on central banks around the world. UK retail sales volumes fell sharply in April, by 1.3% month-on-month as the poor weather continued to lead shoppers to forego purch
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