London pre-open: Stocks track falls in the US and Asia
29th Mar 2012 07:31
City sources predict the FTSE 100 will open down 17 points from yesterday's close of 5,809 after taking their lead from the US and Asia. Investors are awaiting jobless data from the US, with weekly claims expected to rise by 2,000 to 350,000. Cigarette maker Imperial Tobacco said it improved its r
Read moreRolls-Royce wins order for offshore vessels
29th Mar 2012 07:05
Power systems group Rolls-Royce has won an order to design and equip four offshore supply vessels in China for COSCO (Guangdon) Shipyard Co. The four UT 771 CDL vessels will be equipped for transporting pipes, equipment and cargo to and from pipe-laying barges, oil drilling and production platforms
Read moreRolls-Royce wins major engine contract with US Armed Forces
22nd Mar 2012 07:26
Power systems group Rolls-Royce is to provide service support for a number of engines used by the US Armed Services. The contracts, worth more than $275m collectively, will see Rolls-Royce provide 'Mission Care' service support for AE 1007C, AE 2100 and T56 engines which power a variety of aircraft
Read moreLondon close: Footsie spins its wheels
15th Mar 2012 16:51
- Investment management firms disappoint - Hard times on the High Street - Phlegmatic response to Fitch's threat to cut UK's AAA rating After a brief sojourn in positive territory during the morning session, the top share index returned to the region where it spent most of the day, bumping along ju
Read moreFTSE 100 movers: Shire stuck in the mud
15th Mar 2012 14:21
Pharmaceuticals firm Shire was the biggest blue-chip faller after it withdrew its licence application for the Fabry disease treatment, REPLAGAL, with the US Food and Drug Administration (FDA). Richard Brasher, the head of Tesco's UK operations, is to quit after only a year in the job, sending the s
Read moreLondon midday: Stocks mark time ahead of US data
15th Mar 2012 12:02
- Stocks mark time ahead of US jobs and manufacturing data - BAE workers protect jobs by taking pay cut - Dollar strength sapping demand for oil stocks Investors have largely taken in stride the warning from credit ratings agency Fitch that the UK is marginally more likely to lose its AAA rating th
Read moreLondon open: Footsie shrugs off Fitch warning
15th Mar 2012 08:52
- Fitch goes negative on UK ratings outlook - Tesco's UK boss walks the plank - Argos still seeing a slump in like-for-like sales UK equities are little changed ahead of US jobs data and manufacturing data this afternoon. Investors have largely shrugged off the warning from credit ratings agency Fi
Read moreLondon pre-open: Flat start for FTSE ahead of jobs data
15th Mar 2012 07:36
City sources predict the FTSE 100 will open down one point from yesterday's close of 5,945, as investors await data on jobless figures from the US. Pharmaceuticals firm Shire has withdrawn its Biologics Licence Application for its enzyme replacement product REPLAGAL with the US Food and Drug Admi
Read moreRolls-Royce wins Hyundai deepwater vessel contract
15th Mar 2012 07:03
Power systems developer Rolls-Royce has announced another big contract win, this time to design and equip four deepwater platform supply vessels for Hyundai. The contract is worth more than £45m to Rolls-Royce and includes options for a further two of the vessels, which are designed for supplying e
Read moreGenus Finance Director sells 43,000 shares
14th Mar 2012 15:32
John Worby, Group Finance Director of Genus, the FTSE 250 animal genetics firm, has sold 43,000 shares, half of the amount he vested earlier this month. Worby sold 43,261 shares at 1,318.41p each for a total of £570,357. The sale was made further to the vesting of 86,523 conditional nil-cost share
Read moreCable and Wireless Comms CEO stocks up
12th Mar 2012 15:33
Tony Rice, the Chief Executive Officer of Cable and Wireless Commnutications, has bought up a chunk of shares in the firm, taking advantage of the stock's ongoing decreased share price. Rice, who last year earned $1.08m in a basic pay, cash bonuses of $466,000, and $2.6m from the firm's five-year
Read moreLondon close: Stocks rebound as Greek debt-swap looms
7th Mar 2012 16:35
-Greek debt-swap participation rate estimated at 58%. -Greek government confident of achieving rate of at least 75%. -Admiral surges after full-year results. London's blue chips bounced back today, following yesterday's sharp selling, with investors now looking to tomorrow's Greek debt-swap deadlin
Read moreLondon midday: Stocks edge higher, markets await Greek debt-swap
7th Mar 2012 11:25
- Admiral jumps 11% as outlook improves. - BATS, CRH, Serco down after going ex-dividend. - Markets await the Greek debt-swap deadline. Following a shaky start, London's FTSE 100 index looked to have found its direction by midday, trading three tenths of a percent point higher following the sell-of
Read moreLondon open: Ex-div stocks offset a surging Admiral
7th Mar 2012 08:34
- Admiral surges 11 percent on full-year results. - Ex-div stocks provide a drag. - Greek debt-swap deadline looms. Following the 2.8 percent tumble over the last three days, the Footsie opened broadly flat on Wednesday ahead of tomorrow's deadline for the Greek debt-swap. A surge in the share pric
Read moreLondon pre-open: Yesterday's losses set to continue
7th Mar 2012 07:28
City sources predict the FTSE 100 will open down four points from yesterday's close of 5,766, continuing the pattern of the previous session which saw the index plunge two percent, or 109.2 points, on concerns over Greek debt and a worsening global economic outlook. Banking titan HSBC's sale of p
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