London midday: Gains erased as investors await ECB decision
6th Dec 2012 12:08
The Footsie had erased most of the morning's gains by Thursday lunchtime, as investors awaited a policy rate decision in Europe and some jobless claims figures in the US later this afternoon. As expected, the Bank of England's Monetary Policy Committee voted to maintain the Bank Rate at 0.5% at tod
Read moreLondon open: Stocks edge higher ahead of rate decisions
6th Dec 2012 08:26
Stocks started Thursday's session with moderate gains on the back of hopes that US politicians are nearing an agreement on the 'fiscal cliff', as markets looked ahead to policy announcements in both the UK and Europe. "European headline shares opened vigilantly today as a raft of economic data due
Read moreLondon pre-open: FTSE to open flat as investors weigh up news
6th Dec 2012 07:30
City sources predict the FTSE 100 will open up just one point from yesterday's close of 5,892, as investors balance renewed hopes surrounding the 'fiscal cliff' in the US with concerns over the monetary policy decisions of the Bank of England (BoE) and the European Central Bank (ECB). President Ba
Read moreSerious Fraud Office to investigate Rolls-Royce's intermediaries
6th Dec 2012 07:06
Power systems giant Rolls-Royce 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. The company said that it has passed information to the SFO following allegations of malpractice in over
Read moreLondon open: Stocks flat ahead of US budget talks
16th Nov 2012 08:27
The UK benchmark index opened flat on Friday morning as investors turn to the US where President Barack Obama is to hold budget talks in Congress to discuss the impending 'fiscal cliff'. The Footsie finished yesterday's session at 5,678, its lowest closing value since September 5th when it finished
Read moreNew customer for Rolls-Royce in China
16th Nov 2012 08:07
Rolls-Royce, the global power systems company, has won an order to design and equip two platform supply vessels being built by Jiangsu Eastern Heavy Industries in China. The order is worth £12m and will entail Rolls-Royce designing the vessels and also supplying an extensive range of onboard equipm
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreFTSE 100 movers: Admiral shares top the risers after upgrade
9th Nov 2012 16:02
Car insurance giant Admiral was the highest riser of the day today after Bank of America hiked its rating on the stock by two notches from 'underperform' to 'buy'. Analyst William Hardcastle said: "We are shifting our focus away from the PE growth multiple (close to historical low at 10.7 times) t
Read moreLondon midday: Greek concerns hammer stocks again
9th Nov 2012 11:35
- Greek bailout delay worries sink markets - Chinese inflation data leaves door open for more stimulus - Admiral gains after upgrade; IAG rises on Iberia plans Concerns about Greece have offset some better-than-expected economic data from China this morning, with the FTSE 100 trading firmly in the
Read moreBroker tips: Rolls-Royce, Randgold, Michael Page
9th Nov 2012 11:04
Investec has retained its 'buy' rating and 930p target price for power systems group Rolls-Royce after the company's in-line third-quarter statement on Friday. The broker labelled today's trading update as "typically brief" but confirming full-year guidance for good growth in underlying revenues an
Read moreBroker snap: Another 'tick-in-the-box update' from Rolls-Royce
9th Nov 2012 10:41
Investec has retained its 'buy' rating and 930p target price for power systems group Rolls-Royce after the company's in-line third-quarter statement on Friday. The broker labelled today's trading update as "typically brief" but confirming full-year guidance for good growth in underlying revenues an
Read moreLondon open: Stocks flat despite upbeat data from China
9th Nov 2012 08:32
Cyclical stocks such as miners and banks were limiting gains on the FTSE 100 on Friday morning as the benchmark index attempted to recover from a two-day sell-off on the back of concerns for the global economy. Worries about the impending US 'fiscal cliff' and Greece's bailout have taken their toll
Read moreRolls-Royce upbeat despite Marine slowdown - UPDATE
9th Nov 2012 08:13
Engine and power systems giant Rolls-Royce has maintained its outlook for the full year despite lowering its assumptions for underlying growth in the Marine division. The news comes as the group announced the retirement of its Chief Operating officer (COO) Mike Terrett at the end of 2012 after five
Read moreRolls-Royce on track, COO to retire
9th Nov 2012 07:18
Engine and power systems giant Rolls-Royce said that trading in the third quarter has been in line with earlier guidance as the group continues to expect 'good growth' in underlying revenue and underlying profit this year. The comments came as the firm revealed, in a separate statement, that Chief
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
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