London open: Footsie up as Eurozone fears ease
11th Nov 2011 08:21
London's blue chips were on the rise in the opening minutes following on from moderate gains seen on Wall Street last night and in Asian markets this morning. News of a new national unity government in Italy and the revealing of a new Greek prime minister has calmed fears slightly elsewhere in the E
Read moreRolls-Royce on track to meet targets
11th Nov 2011 07:19
Power systems giant Rolls-Royce has assured investors that trading since the end of the first half has been in line with the guidance given in July - double digit growth in engine deliveries in all sectors and 20-25% growth in group profit. The firm said it has seen "encouraging" order flow from a
Read moreLondon pre-open: Moderate gains expected
11th Nov 2011 07:17
The Footsie is expected to open up moderately higher following on from moderate gains seen on Wall Street last night and in Asian markets this morning. City sources predict that the FTSE 100 will open up around 38 points from yesterday's close of 5,445. The blue chip index is looking for a quick c
Read moreFriday preview: Hornby, Rolls-Royce
10th Nov 2011 17:58
Christmas is coming, which is the most important time of the year for model railway set and Scalextric maker Hornby, but before then the company releases its interim results on Friday. The company has already signalled that it is on track for a good year after broadening its supply base, while its
Read moreUPDATE: Thursday broker round-up
20th Oct 2011 09:17
Sports Direct: Singer Capital Markets downgrades from buy to fair value, raises target from 232p to 245p. Home Retail: UBS cuts target from 130p to 110p, keeps neutral rating. Home Retail: Nomura cuts target from 130p to 110p, reduce rating maintained. Home Retail: Singer Capital Markets cuts ta
Read moreRolls-Royce America boss pockets £850,000
19th Oct 2011 14:35
James Guyette, president and chief executive of Rolls-Royce's North American operations, has pocketed about £850,000 from the sale of a chink of his holding in the aeroplane engine maker. He sold 122,560 shares at 696p a time, but still has 274,796. The sale of the shares comes in the midst of a s
Read moreLondon close: Higher finish amid euro optimism
14th Oct 2011 16:46
The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF
Read moreBroker tips: RBS, Rolls-Royce, Ferrexpo
14th Oct 2011 12:53
Evolution Securities has reiterated its buy rating and 40p target for part-nationalised lender Royal Bank of Scotland (RBS), saying "don't let the facts get in the way of a good story". The broker emphasises that RBS does not need to raise fresh capital due to the following reasons: a core tier one
Read moreLondon midday: Stocks rise after Slovak vote
14th Oct 2011 12:18
The top share index is buoyant after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MPs, two days after they voted against the
Read moreBroker snap: Evolution ups target for Rolls-Royce after $3bn+ deal
14th Oct 2011 11:59
After putting its forecasts under review yesterday, Evolution Securities has upped its numbers for power systems giant Rolls-Royce following the firm's disposal of its stake in International Aero Engines (IAE), a deal which the broker estimates has a net present value above $3bn. Rolls-Royce is sel
Read moreLondon open: Footsie flat early on
14th Oct 2011 08:35
The Footsie has opened flat despite expectations that Thursday's vote by Slovakia to expand the Eurozone' rescue fund would give a boost to equities early on. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MP
Read moreLondon close: Banks drag market lower after Fitch downgrade
13th Oct 2011 16:34
A late rally drove the Footsie back above the 5,400 mark, but the blue chip index still finished 0.71% down after Fitch dampened sentiment in the banking sector. Not helping the mood was the International Monetary Fund (IMF) which lowered its growth forecasts for Asia for this year and next. The re
Read moreSector movers: Rolls-Royce lifts aerospace/defence stocks
13th Oct 2011 16:18
Power systems giant Rolls-Royce surged 9% on Thursday, helping the aerospace and defence sector to the top of the pile. Late last night, the firm revealed two major initiatives which are expected to significantly raise its operating profits in the future. It plans to sell its 32.5% stake in the bus
Read moreBroker tips: Anglo American, Rolls-Royce, Booker
13th Oct 2011 12:56
Credit Suisse has reiterated its neutral stance on mining giant Anglo American, saying that if a large share of the Los Bronces project in Chile is sold, then the group could lose part of a "key growth pillar". The broker says that it appears that Codelco could exercise its option to acquire a 49%
Read moreFTSE 100 movers: Rolls-Royce tops the chart
13th Oct 2011 12:36
Global power systems firm Rolls-Royce was the high riser on Thursday after it revealed two major initiatives which are expected to significantly raise its operating profits in the future. Following close behind was Hargreaves Lansdown, after the wealth management stockbroking firm said first-quart
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