Rolls gets boost as BA upgrades fleet
6th Jan 2011 07:13
There was further evidence of a newly confident airline industry on Thursday as British Airways completed contracts with power systems developer Rolls-Royce for Trent 900 and Trent 1000 engines to power up to 61 new wide-body aircraft. The order was originally announced in September 2007 and is wor
Read moreFTSE 100 movers: Reckitt buys Indian business
13th Dec 2010 13:58
Household products group Reckitt Benckiser has agreed to buy privately owned Indian firm Paras Pharmaceuticals for around £460m. Para sells over the counter health and personal care brands including cold & flu remedy D'Cold and Dermicool for prickly heat. Software company Autonomy says that it ha
Read moreLondon close: Higher finish for sluggish Footsie
10th Dec 2010 16:40
Footsie limped into the blue heading into the weekend after a day in which foreign economic news was the main point of interest. Miners were the centre of attention after strong Chinese import figures demonstrated the Asian economic powerhouse's thirst for commodities. Imports jumped to 37.7% from
Read moreLondon afternoon: Footsie still sluggish after mixed US start
10th Dec 2010 15:18
A mixed start on Wall Street has failed to lift Footsie out of its early sluggishness. Miners are going well though, after strong Chinese import figures demonstrated the Asian economic powerhouse's thirst for commodities. Imports jumped to 37.7% from 24.2%. Vedanta, Fresnillo and ENRC are among th
Read moreLondon midday: Miners advance after China export data
10th Dec 2010 12:09
Traders will be looking ahead to the US open for guidance now on a sluggish day on the equity markets. The mining sector is a strong performer, after strong Chinese import figures demonstrated the Asian economic powerhouse's thirst for commodities, sending metals prices higher. Imports jumped to 37
Read moreLondon open: Footsie struggles for direction
10th Dec 2010 08:56
It's been a very quiet morning so far with little company news and even the eurozone front calming down a little. Standard Chartered is the worst performer with investors still a little unsettled by its admission yesterday that costs are rising faster than revenues. Rolls-Royce is another faller o
Read moreFriday newspaper round-up: Tote, Sterling, Rolls-Royce...
10th Dec 2010 06:33
The former chief executive of Ladbrokes is being tipped as a frontrunner in the race to buy the Tote after saddling up with partners prepared to back a bid of at least £200m. The Times understands that Chris Bell, who left Ladbrokes in January after almost 20 years at the bookmaker, has joined forc
Read moreLondon close: US tax cut extension boosts shares
7th Dec 2010 16:52
Shares closed with decent gains Tuesday, though off earlier highs that came after an extension of George W Bush's tax cuts in the US lifted sentiment. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush era in a compromise arrangement that bodes w
Read moreLondon afternoon: Shares extend gains
7th Dec 2010 14:23
With US stocks set to open high on the back of the tax-cuts deal between president Obama and the Republican party, London's blue-chips added to the morning's gains over the lunch time session. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush er
Read moreLondon midday: Footsie keeps climbing
7th Dec 2010 12:18
Footsie has been moving steadily upward as higher commodity prices boost resource stocks after a US tax cut extension improved optimism on global economic growth. US president Barack Obama has said that he will agree to a two-year extension on tax-cuts from the Bush era, while on this side of the A
Read moreLondon open: Blue chips firmer
7th Dec 2010 08:47
London's blue-chips have opened firmer with resources stocks in demand and a solid update from Tesco providing some encouragement for buyers. Miners and oil stocks lead the risers with the price of crude edging up towards the $90 per barrel mark. Essar, Fresnillo and Antofagasta are the best of the
Read moreLondon pre-open: Modest gains expected
7th Dec 2010 07:37
London's blue-chips are expected to open firmer on balance, with City traders tipping the Footsie will open its account around 20 points higher. Good momentum across all of its areas of operation helped supermarket giant Tesco lift sales by 8.8% in the past three months, though its international bu
Read moreRolls-Royce in deep water vessels contract win
7th Dec 2010 07:21
Engine producer Rolls-Royce has made its second contract win announcement of the week, this time for four deep water platform supply vessels. Tidewater, the largest provider of ships serving the global offshore oil and gas industry, has given Rolls-Royce a £20m contract to provide the design, propu
Read moreLondon close: Footsie advances as takeover activity excites
6th Dec 2010 16:56
Shares closed with decent gains as bid activity and higher oil prices whetted investor appetites. There has been no shortage of takeover news to keep traders occupied on an otherwise fairly quiet day. FTSE 250-listed De La Rue was the star performer. The banknote printer enjoyed a second wind Mond
Read moreLondon afternoon: Oil stocks give a lift
6th Dec 2010 14:24
Leading shares are mixed but the Footsie is clinging on to positive territory, largely on the strength of oil stocks, which advance as the price of crude oil moves to levels not seen in more than two years. There has been no shortage of takeover news to keep traders occupied on an otherwise fairly
Read more