London midday: Renishaw and M&B in late morning dive
13th Oct 2011 12:08
Stocks have moved further into the red with a couple of announcements that came after the early morning rush sending stocks lower. Shares of precision tool maker Renishaw took a dive after the firm admitted that revenue growth in the three months ended 30September was lower than planned and Mitchel
Read moreBroker snap: Evolution keeps buy rating on Rolls-Royce
13th Oct 2011 11:11
Evolution Securities has maintained its buy rating on Rolls-Royce following the firm's latest disposal and partnership with Pratt & Whitney. The global power systems group announced late Wednesday night that it is selling its 32.5% stake in International Aero Engines (IAE) - the business which prod
Read moreRolls-Royce to ramp up profits with major $1.5bn deal
13th Oct 2011 10:23
Global power systems firm Rolls-Royce was the high riser on Thursday morning after it revealed two major initiatives which are expected to significantly raise its operating profits in the future. By 10:31, shares were up 6.5% to 666.5p after investors digested a late statement last night, revealing
Read moreUPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreLondon open: Stocks ease but Rolls-Royce takes off
13th Oct 2011 08:42
Stocks have edged back in early dealings, giving back yesterday's gains in a continuation of the volatility stoked by uncertainty over the Eurozone situation. ASIAN CONTAGION Slovakia is expected to approve its participation in an enhanced bail-out package for stricken fellow Eurozone countries, d
Read moreRolls-Royce director continues pattern of monthly buys
12th Oct 2011 14:01
Non-executive director Iain Conn bought shares in Rolls-Royce in the same week the power systems giant signed a $99.9m contract with the US Navy. Conn, who was appointed to the board at the start of 2005, purchased 162 shares at 607.5p each, taking his total holding to 19,663 shares. In September
Read moreLondon midday: Stocks fall as euro nerves resurface
11th Oct 2011 12:23
Stocks are firmly in the red now as investors nervously await a vote in Slovakia on ratification of the Eurozone rescue fund. Opposition parties in the small central European state could move to block Slovakian approval of the bailout fund, arguing that they shouldn't have to cough up to help Gree
Read moreLondon pre-open: Pause for breath
11th Oct 2011 07:17
London looks set to take a pause for breath after yesterday's strong showing, with City sources predicting the FTSE 100 will crawl into the fifty-four hundreds after closing last night at 5,399. Engine developer Rolls-Royce has been awarded a $99.9m contract by the US Department of Defense Naval A
Read moreRolls Royce signs $99.9m US navy contract
11th Oct 2011 07:15
Power systems giant Rolls-Royce has signed a $99.9m MissionCare contract with the US Navy to provide support for the F405 (Adour) engines that power its T-45 training aircraft. "This exercises the third year of the contract to provide guaranteed engine availability, which includes support ranging f
Read moreLondon pre-open: Footsie set to slide below 5,000
3rd Oct 2011 07:23
The UK's blue-chip index is set to dive below the 5,000 level with City traders anticipating a fall of around 140 points from Friday's close of 5,128, at the start of a week in which many pundits believe the Bank of England will revive its quantitative easing programme, such is the torpid state of t
Read moreRolls-Royce wins first Environship order
3rd Oct 2011 07:08
Power systems giant Rolls-Royce announced on Monday that it has received its first order for vessels based on its fuel-efficient Environship concept. Norwegian transport firm Nor Lines has ordered two cargo vessels which will incorporate a "striking wave piercing bow, world leading gas powered engi
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreLondon pre-open: Eurozone debt fears return to haunt Footsie
19th Sep 2011 07:21
The Footsie is in danger of opening the week with a triple-digit decline after European finance chiefs meeting last week failed to come up with a convincing solution to the Eurozone's debt problems. City sources predict the FTSE 100 will open down 98 points from Friday's close of 5,368. Lord Leitc
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