Sector movers: Aero/defence stocks gain as MoD prepares for Budget
19th Mar 2013 14:46
Aerospace and defence stocks were making gains on Tuesday afternoon with less than 24 hours to go before the heavily-anticipated Budget Statement from Chancellor George Osborne tomorrow. In a pre-Budget cabinet meeting today, Osborne and Deputy Danny Alexander said that they intend to cut governmen
Read moreFTSE 100 movers: M&S leads risers on Qatar rumours
18th Mar 2013 15:43
Takeover speculation at M&S stepped up a gear this weekend with Qatar's sovereign wealth fund thought to be mulling a bid for the High Street giant worth eight billion pounds. According to the Sunday Times, the Qatar Investment Authority is said to be assembling a consortium of private-equity invest
Read moreJohn Whittaker increases stake in Intu
13th Mar 2013 16:21
The Deputy Chairman of Intu (formerly Capital Shopping Centres), John Whittaker, has boosted his stake in the group by 60,000 shares two weeks after the company posted a stable set of full year results. Whittaker, who joined the board after selling the well-known Trafford Centre shopping mall to C
Read moreRolls Royce director makes sale
5th Mar 2013 15:49
The President and Chief Executive Officer of Rolls-Royce North America, James Guyette, was once again seen selling shares, this time following the vesting of shares awarded under the company's performance share plan. Guyette was awarded 137,075 shares and subsequently sold 55,900 of them, earning £
Read moreRolls Royce director sells stake worth almost two million pounds
4th Mar 2013 14:52
The President and Chief Executive Officer of Rolls-Royce North America, James Guyette, on Friday sold 1.966m pounds-worth of shares in the global power systems company, just two weeks after it delivered a 24 per cent leap in annual profits. Guyette, who was appointed to the board in January 1998,
Read moreLondon midday: Banks lift markets higher despite UK downgrade
25th Feb 2013 11:47
The FTSE 100 was making decent gains on Monday morning in spite of Moody's stripping the UK of its prized 'AAA' credit rating, as sentiment was lifted by central-bank stimulus speculation in the US and Japan. Over the last few days, Federal Reserve Chairman Ben Bernanke showed his commitment to the
Read moreLondon open: Stocks gains as market shrugs off UK downgrade
25th Feb 2013 08:19
Markets managed to shrug off the UK ratings downgrade and some disappointing economic data from China on Monday morning, as stocks advanced on the back of optimism surrounding central-bank stimulus. "Signs from the US and Japan indicate they will continue with their monetary policy for some time ye
Read moreLondon pre-open: FTSE to make gains despite downgrade
25th Feb 2013 07:28
City sources predict the FTSE 100 will open up 22 points from Friday's close of 6,336, despite the news that ratings agency Moody's has stripped the UK of its AAA rating and said the growth outlook in the medium term will remain weak. The economy, which hasn't suffered a downgrade in over 30 years
Read moreRolls-Royce wins 40m dollar contract to power Asian gas pipeline
25th Feb 2013 06:57
Rolls-Royce, the global power systems company, has been awarded a 40m dollar contract to supply equipment and related services to power the flow of natural gas through the Uzbekistan section of the Turkmenistan-China natural gas pipeline. The FTSE 100-listed company will supply Asia Trans Gas (ATG
Read moreLondon close: Footsie gains one per cent on German ZEW, M&A activity
19th Feb 2013 17:00
The FTSE 100 jumped one per cent on Tuesday after a better-than-expected reading of German confidence and increased M&A activity in the US. The ZEW Institute's index, which measures economic sentiment in the Eurozone's largest economy, surged to 48.2 in February, ahead of last month's reading of 31
Read moreFTSE 100 movers: InterContinental Hotels dives on falling RevPAR
19th Feb 2013 15:28
Holiday Inn owner InterContinental Hotels became the worst performer on the FTSE after saying that revenue per available room (RevPAR) had fallen 5.2 per cent in 2012. Nevertheless, strong growth in the US and cost cuts helped to produce a 10 per cent increase in operating profits. Vodafone Group
Read moreFriday newspaper round-up: Morrisons, Rolls-Royce, Tullet Prebon...
15th Feb 2013 06:55
Morrisons appears to be the biggest winner from the horsemeat scandal after the supermarket chain reported an 18 per cent rise at its fresh meat counters in the wake of revelations over tainted food. The retailer said it had posted the double-digit increase since horse DNA was first identified in Te
Read moreLondon close: Stocks slip as growth concerns dampen sentiment
14th Feb 2013 16:30
The FTSE 100 had picked up off its intraday low by the end of the session on Thursday, but a barrage of worse-than-expected economic growth figures from across the globe ensured that markets remained in negative territory. Buying picked up slightly in afternoon trade after initial US jobless claims
Read moreSector movers: Rolls-Royce lifts aero-defence sector
14th Feb 2013 15:59
Aerospace and defence stocks were making decent gains on Thursday afternoon after a well-received set of full-year results from power systems group Rolls-Royce. Shares were up 3.0% on the day at 1,014p before the close of trade - extending the year-to-date rise to 16% - after the company reported t
Read moreBroker snap: Rolls-Royce is a 'fundamental and technical play', says Prime Markets
14th Feb 2013 15:18
Prime Markets has labelled power systems giant Rolls-Royce as a 'buy' following the firm's full-year results, saying that the stock is a 'fundamental and technical play'. Rolls-Royce announced on Thursday morning that full-year underlying pre-tax profit rose 24% from £1,157m to £1,429m on underlyin
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