London midday: Aggreko leads UK stocks lower
17th Dec 2012 11:33
The FTSE 100 had fallen firmly into negative territory by Monday lunchtime as markets focused on the impending 'fiscal cliff' in the US. "After a quiet open European stocks are weaker across the board this morning as traders temper their risk appetites over concerns that talks in Washington will pu
Read moreRolls-Royce wins contract to supply Finnish Navy with 24 waterjets
17th Dec 2012 07:15
Global power systems company Rolls-Royce has won a contract to supply waterjets for the Finnish navy's new high speeds landing craft. The waterjets will be used to power Marine Alutech Oy Ab's new Watercat? M18 AMC high speed troop transport craft, which are currently under construction for the Fi
Read moreSunday newspaper round-up: Rolls Royce, RBS, Public finances
16th Dec 2012 18:08
A former employee at the centre of the Rolls-Royce corruption case has claimed the company paid a second bribe of 25m dollars to an Indonesian businessman to help it to secure a 2010 jet engine contract. The British aero-engine maker won a 420m dollars (260m pounds) contract in July 2010 from Garuda
Read moreLondon midday: Markets cautious as Fed move already priced in
13th Dec 2012 11:27
- Fed unveils new stimulus measures - Eurogroup approves Greek aid - Centamin plummets after suspending Sukari Indices across Europe pulled back on Thursday morning as they digested last night's stimulus plan from the Federal Reserve, with analysts saying that the move was already priced into marke
Read moreLondon open: Stocks fall as focus turns back to 'fiscal cliff'
13th Dec 2012 08:31
Stock markets in the UK opened broadly flat on Thursday morning in spite of the Federal Reserve's stimulus announcement last night, as the focus turns back to the impending 'fiscal cliff'. While mining stocks more or less gained early on, FTSE 250 gold miner Centamin grabbed the headlines plunging
Read moreRolls Royce wins significant Brazilian contract
13th Dec 2012 08:19
Rolls-Royce, the global power systems company, has been awarded a significant order to supply integrated power and propulsion systems for seven offshore drilling vessels for Brazilian oil company Petrobras. Under the £100m deal Rolls-Royce will equip each of the seven vessels with six large thrust
Read moreLondon close: Stocks rally on 'fiscal cliff' optimism
10th Dec 2012 16:39
- Obama-Boehner meeting sparks optimistic mood - Italian PM steps down - Economic data from Asia comes in mixed Optimism that US law-makers can agree over the impending 'fiscal cliff' managed to offset concerns regarding political uncertainty in Italy, with the FTSE 100 rallying to finish with smal
Read moreFTSE 100 movers: AB Foods and Tullow Oil lead the risers
10th Dec 2012 14:44
Primark and food products giant Associated British Foods was the high riser on the Footsie on Monday afternoon, extending gains after Friday annual general meeting at which it revealed a strong start t o the new financial year. Oil group Tullow Oil was performing well today, rebounding after its re
Read moreRolls-Royce secures 15m-dollar package with Jacksons Offshore Operators
10th Dec 2012 14:24
Rolls-Royce has secured a 15m-dollar project management and integrated propulsion and control systems package with Jacksons Offshore Operators for two offshore support vessels. The two Guido Perla designed GPA 675J PSVs (Pressure Safety Relief Valves) will be built at BAE System's shipyard in Jacks
Read moreLondon midday: Markets hit by resignation of Italian PM
10th Dec 2012 11:24
- Italian PM Monti to resign - Japan in recession - Greece extends buy-back offer Stock markets reacted to Mario Monti's resignation with moderate losses on Monday, as the departure of Italy's Prime Minister throws up another curve ball in the ongoing Eurozone debt crisis. Benchmarks across Europe
Read moreLondon open: Italian political uncertainty dampens stocks
10th Dec 2012 08:27
Political uncertainty in Italy and an economic contraction in Japan weighed on stock markets on Monday morning, as investors shrugged off some better-than-expected industrial production figures from China. A close eye will be kept on Italian bond yields today after the weekend's news that Prime Min
Read moreMonday newspaper round-up: Rolls-Royce, Japan, RBS...
10th Dec 2012 06:51
A whistleblower at the heart of a bribery investigation at Rolls-Royce has been fighting for more than six years for his claims to be heard. The British engineering group has been accused of handing 20m dollars (12.5m pounds) and a blue Rolls-Royce car to the son of the former president of Indonesia
Read moreLondon close: Stocks edge higher as markets look to US jobs report
6th Dec 2012 16:33
- BoE and ECB keep policy on hold - Draghi says ECB discussed rate cut - Eyes turn to US employment report London's blue-chip index finished with slight gains on Thursday after central banks in the UK and Europe announced that they had kept policy on hold, with the market's focus now turning to the
Read moreFTSE 100 movers: Rolls-Royce drops on fraud investigation
6th Dec 2012 15:42
Power systems giant Rolls-Royce tanked after saying that it is to report to the Serious Fraud Office (SFO) after matters of bribery and corruption involving so-called 'intermediaries' were discovered in Indonesia and China. BAE Systems performed well today. Lockheed Martin is close to winning Pent
Read moreSector movers: Aero/defence stocks fall on news of Rolls-Royce bribery probe
6th Dec 2012 15:03
Global power systems giant Rolls-Royce was under the weather on Thursday, providing a drag in the aerospace and defence sector. The company announced this morning that it could face prosecution from the Serious Fraud Office (SFO) in relation to cases of bribery and corruption in Indonesia and China
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