London pre-open: FTSE tracks US stocks lower
4th May 2012 07:31
City sources predict the FTSE 100 will open down 23 points from yesterday's close of 5,767, tracking US stocks lower ahead of US non-farm payrolls data for April. Bloomberg has estimated an increase of 160,000, while Goldman Sachs reckons on 125,000. Nationalised lender Royal Bank of Scotland (RB
Read moreRolls-Royce maintains full-year guidance
4th May 2012 07:13
Power systems group Rolls-Royce didn't give much away in its first-quarter interim management statement on Friday but reassured that trading since the start of the year has been consistent with previous guidance. For the year ending December 31st 2012, the group continues to expect "good growth" in
Read moreLondon close: US manufacturing data fuels late surge
1st May 2012 16:38
- US data offsets disappointing figures from China, UK - Lloyds leads banks higher, Man Group tumbles - Chemring gains 20pc after contract win With markets cautious early on after some disappointing manufacturing data from China and the UK, an upwards surprise in manufacturing figures Stateside gav
Read moreRolls-Royce bags vertical take-off contract
1st May 2012 07:26
Engine developer Rolls-Royce has bagged a contract from fellow aeronautical engine developer Pratt and Whitney to supply the Rolls-Royce LiftSystem for 17 F-35B Lightning II aircraft. The contract is worth $315m to Rolls-Royce. Under the contract, Rolls-Royce will produce 17 LiftSystems for the fou
Read moreLondon close: Footsie pares gains after gloomy GDP data
25th Apr 2012 16:36
- UK back in recession, GDP figures show - Markets await FOMC statement - Miners gain after China says growth will be 'robust' Despite a strong start, the FTSE 100 finished only mildly higher on Wednesday afternoon as investors digested some worse-than-expected UK economic data. The Office for Nat
Read moreLondon midday: Stocks pare gains after GDP data
25th Apr 2012 11:54
- Footsie gains despite GDP data - Draghi continues to see downside risks - ARM rises on Apple earnings, broker upgrades After a strong start, the FTSE 100 index pared gains in mid-morning trade following some gloomy economic data that showed that the UK fell back into a 'technical' recession in th
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreUS buys more Rolls-Royce engines for V-22 aircraft
23rd Apr 2012 07:05
Power systems developer Rolls-Royce is to supply engines for the US Marine Corps and Air Force V-22 aircraft. The $598m contract with the US Department of Defense could see Rolls-Royce supply 268 AE 1107C engines over a period of five years. In the first year, Rolls-Royce will deliver 70 engines va
Read moreSector movers: Rolls-Royce, BAE lifts aerospace/defence stocks
19th Apr 2012 15:50
FTSE 100 peers Rolls-Royce and BAE systems lifted the aerospace and defence sector to the top of the pile on Thursday afternoon. Power systems giant Rolls-Royce was gaining 4% today, helped by Morgan Stanley which reiterated its overweight rating on the stock today. Investors may be building posi
Read moreFriday broker round-up
13th Apr 2012 10:09
Aggreko: UBS ups target from 2,500p to 2,550p, buy rating unchanged. AstraZeneca: Jefferies maintains hold with a 3,050p target. Burberry UBS lifts target from 1,370p to 1,580p, neutral recommendation maintained. Chariot Oil & Gas: Merchant Securities initiates coverage with a buy rating and 402.
Read moreLondon close: Shell rallies as it denies oil slick blame
12th Apr 2012 17:11
After a mixed morning session, London's top shares kicked on in the afternoon, buoyed by Wall Street's strength. Bulls seized upon comments by New York Fed President William Dudley who opined that the US economy is not yet firing on enough cylinders to make a serious dent in the jobless numbers.
Read moreLondon midday: Mid-caps set the pace
12th Apr 2012 11:49
The top share index spent the morning spinning its wheels with most of the excitement taking place among the mid-cap stocks. Last night, the Federal Reserve's April Beige Book survey encouraged the maintenance of the status quo. The Fed's survey revealed that overall activity "continued to expand a
Read moreLondon open: Shell weighs on the Footsie
12th Apr 2012 08:19
- Shell drops on oil sheen reports - GKN up after upgrade - World Bank cuts Chinese GDP forecast Despite an initial rise, the FTSE 100 index had fallen into the red within the opening hour with oil giant Shell providing a drag on reports of an oil sheen in the Gulf of Mexico. Eurozone peripheral
Read moreRolls-Royce bags turbine contract with US Navy
12th Apr 2012 07:42
Power systems giant Rolls-Royce has won another contract with the US Armed Forces, supplying power and propulsion systems for the two latest vessels in the Navy's Littoral Combat Ship (LCS) programme. The LCSs named Little Rock and Sioux City, designed to operate in combat zone close to the shore
Read moreRolls-Royce wins Norwegian contract
30th Mar 2012 14:22
Rolls-Royce, the global power systems company, has won a contract to design and equip advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping. The £50m contract will see Rolls-Royce produce two of the machines which are designed and equipped to handle anchors for oil rig
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