London midday: Stocks weighed down by Spain, Bernanke
8th Jun 2012 11:40
- Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend - Spain denies rumours of imminent bank bail-out petition Blue chips were off their intraday lows but still firmly in the red by Friday lunchtime as concerns over Spain continued
Read moreLondon open: Spanish downgrade dents stocks early on
8th Jun 2012 08:27
- Fitch downgrades Spain to BBB - Bernanke warns of risks to US economy - Lamprell tanks after profit warning London's FTSE 100 index dropped into the red in early trading on Friday after Spain's credit rating was downgraded last night, exacerbating concerns about the country's troubled banking sec
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreLondon pre-open: Bernanke's comments to dent FTSE
8th Jun 2012 07:37
City sources predict the FTSE 100 will open down 37 points from yesterday's close of 5,448, after comments from Federal Reserve Chairman Ben Bernanke on Thursday, when he said 'the situation in Europe poses significant risks to the US financial system and economy and must be monitored closely'. P
Read moreRolls-Royce to take over Aero Engine Controls
8th Jun 2012 07:02
Power systems group Rolls-Royce is to take full control of Aero Engine Controls (AEC), the engine controls joint venture it established in January 2009 with US aerospace giant Goodrich. AEC designs and manufactures engine control systems including electronic engine controllers, fuel pumps and fuel
Read moreLondon midday: Financials, miners lift Footsie higher
28th May 2012 11:43
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today Reports of rising popularity for Greece's New Democracy party were giving a lift to London's FTSE 100 on Monday morning as fears over an exit from the Eurozone eased. Sever
Read moreLondon open: Stocks rise on Greek hopes
28th May 2012 09:00
- Support for New Democracy increases - Some European, US markets closed today - Miners gain on increased risk appetite London's blue-chip index advanced in early trading on Monday as sentiment improved on the back of the polls in Greece which showed that the pro-bailout party was in the lead. Sev
Read moreLondon pre-open: FTSE up on Greek austerity support
28th May 2012 07:32
City sources predict the FTSE 100 will open up 35 points from Friday's close of 5,352, boosted by reports of greater support for Greece to keep its place within the euro following recent polls which indicated pro-austerity parties may secure enough voters to form a coalition. Rolls-Royce, the glo
Read moreRolls Royce secures RAF contract extensions
28th May 2012 07:01
Rolls-Royce, the global power systems company, has secured contract extensions with the Royal Air Force worth almost 100m pounds. The deal will see the company provide ongoing support for engines on the UK's C-130 Hercules transport and VC10 tanker fleets. The extension will mean the Hercules Inte
Read moreLondon pre-open: Quiet start expected
21st May 2012 07:52
City sources predict the FTSE 100 will open little changed, as the market awaits more developments in the Eurozone. Real estate investment trust British Land increased underlying profit before tax by 5.1% to £269m in the year to the end of March. Net asset value per share was up 4.9% to 595p. "We
Read moreRolls-Royce wins gas turbine contract
21st May 2012 07:00
Power systems developer Rolls-Royce has won a contract to supply its Trent units to existing customer Dolphin Energy. Under the terms of the $136m contract, Rolls-Royce will supply Dolphin Energy, a company which transports natural gas from Qatar to the United Arab Emirates and Oman via a 364 kilom
Read moreLondon close: Stocks tank after US payrolls disappointment
4th May 2012 17:00
- US payrolls data sinks global markets - Eurozone services PMI revised lower - Miners lead fallers in London, RBS erases gains The early sell-off for the FTSE 100 accelerated in afternoon trade after the increase in US payrolls came in well below expectations fuelling a sell-off in global stock ma
Read moreFTSE 100 movers: RBS flying high on results update
4th May 2012 14:14
Nationalised lender Royal Bank of Scotland (RBS) was a high riser after its first-quarter results. The group is to repay the final tranche of notes issued under the government's Credit Guarantee Scheme (CGS) next week, after posting a profit of more than a billion pounds in the first three months of
Read moreLondon midday: Stocks lower before US non-farm payrolls
4th May 2012 12:10
- Miners drop on macro concerns, Australian growth - RBS rises after Q1 update - Markets await US non-farm payrolls The Footsie was firmly lower by Friday lunchtime as a sell-off in the mining sector outweighed a strong performance by the banks after some well-received results from Royal Bank of Sc
Read moreLondon open: Stocks fall but RBS bucks the trend
4th May 2012 08:29
- RBA cut GDP forecasts for 2012 - Markets await US non-farm payrolls - RBS rises after Q1 update, miners fall Miners dragged the Footsie into the red on Friday morning after Australia cut its economic growth forecast. Markets were showing caution ahead of non-farm payroll data due out in the US la
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