London close: Stocks fall as Spanish bond yields jump
9th Jul 2012 16:30
- Spanish yields back above 7.0 per cent - All eyes on Eurogroup meeting - Defence stocks rise on contract hopes Stocks were trading near their lowest levels of the day by Monday's close as bond yields in Spain surged while European officials met in Brussels. By the close in London, the yield on a
Read moreSector movers: Aero/defence stocks rise as Farnborough show begins
9th Jul 2012 16:23
Aerospace and defence stocks were making gains on Monday afternoon as the Farnborough Airshow kicks off in Hampshire. Power systems group Rolls-Royce was higher today after a series of announcements. This morning, the firm said that it has won a $183m contract to service M250 engines for the US Arm
Read moreFTSE 100 movers: BAE rises on rumours
9th Jul 2012 15:10
Defence group BAE Systems was advancing on reports that it could be close to securing a £7.1bn contract with the US Air Force, according to the Sunday Telegraph. Investors are hoping for more deals to be signed at the 2012 Farnborough Air Show which starts today. Some reports also hold that the gove
Read moreRolls-Royce extends agreement with Malaysia Airlines
9th Jul 2012 13:48
Malaysia Airlines has signed up for Rolls-Royce's long-term TotalCare services support for Trent 900 engines that will power the airline's new fleet of six Airbus A380 aircraft. The UK power systems developer already provides support services for the airline's Trent 800 engines which power its flee
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
Read moreLondon pre-open: FTSE to make small gains ahead of Eurozone meeting
9th Jul 2012 07:27
City sources predict the FTSE 100 will open up five points from Friday's close of 5,663, reflecting a degree of optimism ahead of today's meeting of the Eurozone's Finance Ministers. As well, at least some traders seem to be fixated on data out last night showing how China's annual consumer inflat
Read moreRolls-Royce wins engine contract with US Army
9th Jul 2012 07:08
Power systems group Rolls-Royce has won a contract to service M250 engines for the US Army's OH-58D Kiowa Warrior scout helicopters. The contract, valued at $183m, involves the service of 500 M250 engines for more than 300 aircraft. It begins this month and the Army has the option to extend it for
Read moreLG buys controlling stake in Rolls-Royce fuel cell business
28th Jun 2012 07:38
Rolls Royce, the power systems manufacturer, has announced a tie-up with Korean outfit LG over its fuel cell business. LG has spent $45m buying a 51% stake in Rolls Royce's subsidiary, Fuel Cell Systems, which is based in North Canton, Ohio. The business has now been renamed LG Fuel Cell Systems b
Read moreRolls-Royce sells turbines to Russia
26th Jun 2012 11:44
Rolls-Royce is to supply two gas turbines to power Russian oil company Lukoil's power plant in Budennovsk, Russia. Each of the Trent 60 turbines will produce 58.5 megawatts of power, which Lukoil said would enable it to reach power capacity at its Stavrolen plant in compliance with its commitments
Read moreLondon close: Stocks higher despite soaring Spanish yields
18th Jun 2012 16:42
-Stocks swing between gains and losses on euro crisis -New Democracy wins majority in Greek elections -Spanish yields set euro-era high...again The Footsie ended the day only slightly higher as soaring bond yields in Spain and uncertainty over the situation in Greece weighed on sentiment. There wa
Read moreSector movers: Rolls-Royce lifts defence stocks after MoD contract
18th Jun 2012 15:37
A bumper contract for Rolls-Royce has boosted the stock today, meaning that the aerospace and defence sector was one of the best performers in afternoon trade. The global power systems group announced on Monday that it has bagged a massive contract with the Ministry of Defence worth over £1bn to su
Read moreFTSE 100 movers: Evraz leads the risers
18th Jun 2012 15:02
Steel giant Evraz was a high riser of the day after Alexander David Securities reiterated its 'buy' recommendation for the stock, while precious metals miner Polymetal was being boosted by an 'overweight' rating from Morgan Stanley. Luxury firm Burberry was lifted into the top spot, with the only
Read moreLondon midday: Stocks edge higher despite euro uncertainty
18th Jun 2012 11:49
- Markets digest Greek elections - Spanish bond yields above seven per cent - Barroso expects coalition to be formed 'swiftly' An underwhelming outcome to the Greek elections and surging bond yields in Spain saw the Footsie swing between gains and losses on Monday morning; by lunchtime, the blue ch
Read moreRolls-Royce in submarine deal with the MoD
18th Jun 2012 10:06
Power systems developer Rolls-Royce has bagged a bumper contract with the Ministry of Defence (MoD) to supply reactor cores for the UK's nuclear-powered submarine fleet. In a deal worth more than £1bn the UK engineering colossus will also undertake to spruce up the current Rolls-Royce submarine rea
Read moreSunday shares tips: Centrica, Anite, Rolls Royce
10th Jun 2012 16:54
Shares of Centrica were named as a tip of 2012 after slumping last year following a profit warning. The shares have outperformed the wider market, rising 8 per cent compared with the FTSE 100's 2 per cent fall. Questor expects this outperformance to continue, as price cuts earlier this year appear t
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