London pre-open: Quiet day expected
19th Dec 2011 07:28
City sources are predicting the FTSE 100 will open down 44 points from Friday's close of 5,387 in what is expected to be a quiet trading day. Temporary power provider Aggreko said it has had a strong fourth quarter, with underlying revenues set to be up 22% on the final quarter of last year. Prof
Read moreRolls-Royce wins French nuclear power contract
19th Dec 2011 07:10
Rolls-Royce, the global power systems company, has won a €250m contract with nuclear power firm AREVA to supply safety instrumentation and control technologies and systems for the French nuclear reactor modernisation programme. The systems will be installed in the twenty-strong French fleet of 1300
Read moreRolls Royce wins €250m nuclear contract for EDF
19th Dec 2011 07:05
Rolls Royce, which describes itself as a "global power systems company", has won a €250m contract to supply safety instrumentation and control systems for the French nuclear reactor modernisation programme. The systems will be installed in the twenty-strong French fleet of 1300 mega watt nuclear re
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreFriday broker round-up - UPDATE
2nd Dec 2011 09:42
Rolls Royce: UBS downgrades to sell from neutral, cuts target to 600p from 610p. Admiral: RBC initiates at underperform with a price target of 890p. Standard Chartered: Nomura reiterates buy recommendation and 1,800p target. Admiral: Investec maintains sell rating, cuts target to 570p from 843
Read moreFTSE 100 Movers: Resolution continues on the up
1st Dec 2011 15:00
Resolution continued to rise following yesterday's news that the High Court has approved its scheme to transfer certain parts of its businesses to Friends Provident Life and Pensions Limited, the main UK life assurance company owned by the company's subsidiary, Friends Life Group. The transfer will
Read moreLondon midday: Footsie nudges higher despite poor data
1st Dec 2011 12:02
UK stocks have jumped into positive territory after European bond auctions saw strong demand, but gains are likely to be limited by a string of poor manufacturing data out this morning. Investors will still be digesting the news of a co-ordinated intervention by major central banks to provide cheap
Read moreRolls-Royce wins airline contract
1st Dec 2011 07:38
Power systems giant Rolls-Royce has secured a $350m contract from Hawaiian Airlines to deliver Trent 700 engines to power five Airbus A330 aircraft. The aircraft, which are to be delivered from 2013 to 2015, will add to the airline's current fleet of five Trent 700-powered A330s and another 12 to
Read moreFTSE 100 Movers: Banks and miners soar on central bank moves
30th Nov 2011 15:08
Miners and banks have jumped on the actions taken by China and a host of central banks to improve liquidity conditions across the globe. News that the People's Bank of China had lowered the legal reserve requirement for Chinese banks by 50 basis points sent equities soaring back into positive terri
Read moreRolls Royce wins $650m contracts
30th Nov 2011 08:11
Power systems giant Rolls-Royce has won new contracts worth up to $650m from deep water driller Petrobras. Rolls-Royce will supply Petrobras with thirty-two gas turbine power generation packages, including waste-heat recovery units, to support its production activities off the coast of Brazil. The
Read moreLondon close: Footsie rises above 5,300
28th Nov 2011 17:29
Footsie stormed above 5,200 in trading and kept on going, finishing north of 5,300 on hopes that tomorrow's meeting of Eurozone finance ministers in Brussels will be the occasion on which a number of new measured, aimed at getting to grips with the region's debt problems, will be announced. Banks w
Read moreLondon midday: Eurozone hopes boost banks
28th Nov 2011 12:18
Stocks markets across Europe are racing ahead and London is no exception, with the top-share index now back above the level it closed at on Monday night. Banks are prominent among the best performers, buoyed by suggestions that progress is being made on the souped-up version of the European Financ
Read moreLondon open: Sun comes out for Thomas Cook
28th Nov 2011 08:45
Banks are leading London higher, buoyed by reports that the Eurozone finance ministers are set to do them a favour when they meet in Brussels tomorrow. Reports say the finance chiefs are discussing the possibility that the European Financial Stability Facility (EFSF) could insure the bonds of debt
Read moreRolls-Royce hedges against increased life expectancy
28th Nov 2011 07:59
Rolls-Royce, the trustees of the engine-maker's pension fund and Deutsche Bank have got together to agree a deal that will reduce the risk on around £3bn of the fund's liabilities. The parties have agreed to a "longevity swap" deal after agreeing on an average life expectancy for the pension scheme
Read moreLondon pre-open: Bright start to the week in prospect
28th Nov 2011 07:13
Having finally ended a nine-day losing streak on Friday Footsie looks set to keep the winning habit this morning, with City sources predicting the FTSE 100 will open up 64 points from yesterday's close of 5,165. There are to be changes at the top of mining colossus BHP Billiton. Alex Vanselow, Gro
Read more