London open: Stocks dip as focus turns to central banks
22nd May 2013 08:38
Markets pulled back from new 13-year highs on Wednesday morning as traders turned cautious ahead of statements from central banks in the UK and US. The FTSE 100 finished at a closing price of 6,803.87 on Tuesday, extending its impressive year-to-date rise to over 15%. The index is now coming close
Read moreLondon pre-open: FTSE to edge lower after hitting 13-year highs
22nd May 2013 07:36
City sources predict the FTSE 100 will open down 11 points from yesterday's close of 6,804, after it yesterday smashed through the 6,800 mark, just 130 points short of its all-time high, not seen since 1999. A decline would ignore the gains seen in both Asia and the US overnight. It's a busy day
Read moreRolls Royce wins order Trent XWB engines from the US
22nd May 2013 07:00
Rolls-Royce, the FTSE 100 engineering giant, has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in Janu
Read moreWhitbread Managing Director trades in shares after vesting under scheme
3rd May 2013 16:11
Whitbread's Managing Director, Patrick Dempsey, has sold 12,341 shares in the company after 26,210 shares vested under an incentive scheme. The shares were sold for 2,616.05p each for a total of £322,847. The transaction was made in the same week Whitbread recorded a double digit increase in ann
Read moreLondon open: Markets cautious ahead of ECB decision
2nd May 2013 08:57
The FTSE 100 was in the red in early trading on Thursday as nerves set in ahead of the all-important European Central Bank (ECB) policy decision later on. "The day of reckoning has arrived, with the market largely priced for a 25 basis-point (bp) cut in the ECB's main refinancing rate to 0.50%. The
Read moreRolls-Royce poised for further growth, King steps down
2nd May 2013 07:33
Aircraft engine maker Rolls-Royce said it continues to expect modest growth in underlying revenue and good growth in underlying profit for the full year as it announces the surprise departure of Mark King, head of its Aerospace business. Tony Wood has been named the new President of its key Aerospa
Read moreLondon midday: Stocks flat as ECB rate cut speculation ramps up
24th Apr 2013 11:49
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreLondon close: FTSE 100 jumps two per cent on stimulus hopes
23rd Apr 2013 16:59
Markets on the whole shrugged off disappointing data from the Chinese manufacturing sector on Tuesday, as decent corporate earnings and stimulus hopes in Europe pushed the FTSE 100 two per cent higher. The Markit Eurozone composite purchasing managers' index (PMI) released this morning was unchange
Read moreFTSE 100 movers: ARM rises on strong quarterly rise
23rd Apr 2013 15:21
Shares in chip designer ARM Holdings leapt after it reported strong quarterly revenue and earnings growth, fuelled by licensing and record royalty revenue and said it expects full year results to be at least in line with current market expectations. Also on the up was Associated British Foods, whi
Read moreLondon midday: ARM leads markets higher after strong first quarter
23rd Apr 2013 11:31
The UK stock market was making decent gains by Tuesday lunchtime as strong performances from ARM Holdings, AB Foods and IAG helped to offset some weakness in the mining sector. Sentiment was lifted this morning as gloomy economic data from the Eurozone sparked speculation that it could open the doo
Read moreLondon open: Markets rise despite concerns over China
23rd Apr 2013 08:20
Decent gains for ARM Holdings, Associated British Foods and Rolls-Royce were providing a boost to London's stock market on Tuesday morning, offsetting relative weakness in the heavyweight mining sector. Miners were under pressure early on after a disappointing reading of Chinese manufacturing. The
Read moreLondon pre-open: FTSE edges higher ahead of Eurozone data
23rd Apr 2013 07:25
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,281, as investors balance expectations of Eurozone data with figures out from the US yesterday and China last night. Overnight China's composite index showed manufacturing was down 2.12% to 2,194, while in the St
Read moreRolls-Royce to sell stake in RTM322 helicopter programme
23rd Apr 2013 07:00
FTSE 100-listed defence aerospace and energy giant Rolls-Royce has reached an agreement to sell its shareholding and interest in the RTM322 helicopter engine programme to Turbomeca, a Safran company. Rolls-Royce said that its 50% interest in the engine programme would be progressively transferred
Read moreIAG puts in order for Boeing's grounded 787 Dreamliners
4th Apr 2013 07:13
International Airlines Group (IAG) announced Thursday it has signed a deal for 18 of Boeing's 787 Dreamliners. The agreement shows a sign of faith in the aircraft which has been grounded since January due to battery problems. IAG will replace some of the existing fleet of Boeing 747-400s for subs
Read moreIncoming Chairman at Rolls-Royce buys first round of shares
22nd Mar 2013 16:16
Ian Davis, the soon-to-be Chairman of Rolls Royce, has purchased his first shares in the company since being appointed to the board at the beginning of March. Davis, who has served on the boards of BP, Johnson & Johnson and McKinsey & Company, bought 5,000 shares at 1,110p at a total cost of £55,5
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