London open: BP lifts Footsie higher early on
30th Oct 2012 08:45
- Stocks rebound after Sandy-related falls - BP and Imperial gain after results - BoJ expands stimulus Stocks opened strongly on Tuesday morning with mining stocks making gains and oil giant BP providing a lift after raising its quarterly dividend, as markets rebounded following a subdued day yeste
Read moreHitachi buys UK nuclear project
30th Oct 2012 07:07
Japanese electronics giant Hitachi is set to buy the UK nuclear project Horizon, which was put up for sale by German-owned E.ON and RWE in March. The Horizon project to covers the building of new reactors at Wylfa and Oldbury in Gloucestershire. The deal to build six gigawatts of nuclear capacit
Read moreTuesday newspaper round-up: Rolls Royce, Sovereignty, Barclays
30th Oct 2012 06:45
Moscow has offered to help Britain build nuclear power stations in partnership with Rolls-Royce, Russia's deputy prime minister Igor Shuvalov has said. Mr Shuvalov, who met Vince Cable in London on Monday for bilateral trade talks, said he had talked to the Business Secretary about ways in which Rus
Read moreRolls-Royce wins 2.6bn dollar order
24th Oct 2012 11:51
Rolls-Royce, the FTSE-100 global power systems company, has won an order for its Trent engines from Singapore Airlines worth a whopping 2.6bn dollars at list prices. The order, for engines to power 20 Airbus A350-900 and five Airbus A380 aircraft, also includes Rolls' long-term service support prod
Read moreLondon midday: Markets volatile after mixed economic data
24th Oct 2012 11:19
- Stocks react to mixed economic data - FOMC conclusion eyed - ARM extends gains after Q3 results and SAP statement The FTSE 100 was swinging between gains and loss on Wednesday morning as contrasting economic data from China and the Eurozone painted a mixed picture of the global economy. Markets
Read moreTuesday newspaper round-up: BAE, Lloyds, Russia
23rd Oct 2012 06:27
Pressure on senior BAE Systems board members hardened last night after it emerged that shareholders representing almost a fifth of the company had called for high-profile scalps. In a letter to the board, Invesco Perpetual, the biggest shareholder with 13 per cent and the principal critic of the fai
Read moreLondon midday: Stocks push into the blue on Eurozone news
22nd Oct 2012 11:48
-Japanese exports disappoint -Merkel says Irish bank debt is a 'special case' -Miners and banks provide a lift After an earlier fall into the red, London's FTSE 100 was making slight gains by Monday lunchtime as improving news-flow from the Eurozone helped to offset some disappointing economic data
Read moreRolls Royce wins Chinese nuclear contract
22nd Oct 2012 07:05
Rolls-Royce, a global power systems company, has been awarded a contract by China Guangdong Nuclear Power Corporation (CGNPC) to supply its Spinline digital safety instrumentation and control technology (I&C) for the modernisation programme of the Ling Ao nuclear power plant. The contract covers th
Read moreRolls-Royce aglow after bagging Chinese nuclear contract
18th Oct 2012 10:27
Power systems developer Rolls-Royce has been awarded a contract by China Guangdong Nuclear Power Corporation to supply its Spinline digital safety instrumentation and control (I&C) technology for the modernisation programme of the Ling Ao nuclear power plant. The contract covers the modernisation o
Read moreUS DoD extends Rolls-Royce F405 contract
9th Oct 2012 08:33
Power systems developer Rolls-Royce has won a contract extension with the US Department of Defense to provide support for the F405 (Adour) engines that power the US Navy's T-45 training aircraft. The $103.3m Missioncare contract is the result of the US Department of Defense exercising the fourth op
Read moreLondon open: Stocks slip after IMF cuts growth forecasts
9th Oct 2012 08:25
- IMF cuts global growth estimates - Q3 US earnings season to kick off this evening - Capita and Aggreko dented by broker downgrades UK stocks continued to fall on Tuesday morning following a steep drop the day before, as concerns about the global economy were fuelled by a downgrade to growth forec
Read moreRolls-Royce sells subsidiary firm Tidal Generation
25th Sep 2012 13:58
Power systems group Rolls-Royce has announced the sale of its wholly-owned subsidiary, Tidal Generation to Alstom for an undisclosed sum. The sale of Tidal, which designs, develops and manufactures tidal turbine technologies, is expected to complete within the next few months. At the end of 2011,
Read moreWednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreRolls Royce ship engine gets thumbs up in US
4th Sep 2012 15:04
Rolls Royce said US regulators had given it the go-ahead to market a marine engine designed to reduce fuel consumption and emissions from ships. The engineering giant said the Certificate of Conformity bestowed by the Environmental Protection Agency would give it a head-start in the US market. The
Read moreThursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
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