FTSE 100 movers: Glencore float talk boosts Xstrata
6th Dec 2010 13:08
The potential flotation of Xstrata's biggest shareholder has boosted the miner. Glencore, the world's largest commodity trader, could be one of the biggest flotations on the London market. Engine designer Rolls-Royce has announced a clutch of contract wins worth $110m in total for energy project
Read moreLondon midday: Bid action boosts shares
6th Dec 2010 12:04
Shares are broadly higher, with bid activity in the mid-cap index helping to generate excitement. De La Rue has received a bid, the FTSE 250-listed banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. Talk is the all-cash deal valued the UK company, also respons
Read moreLondon open: Bid speculation enlivens dull market
6th Dec 2010 08:47
The prospect of mergers and acquisitions activity is livening up an otherwise sedate opening session for London. De La Rue has received a bid, the banknote printer confirmed Monday, thought to be from French rival Oberthur Technologies. Talk is the all-cash deal valued the UK company, also responsi
Read moreLondon pre-open: Modest gains in store
6th Dec 2010 07:35
It looks like London could recover much of Friday's drop, though bid activity should give the mid-cap index an extra boost. The FTSE 100 could add around 16 points, according to futures prices. De La Rue has received a bid, the banknote printer confirmed Monday, thought to be from French rival Obe
Read moreRolls-Royce wins energy project contracts
6th Dec 2010 07:12
Engine designer Rolls-Royce has announced a clutch of contract wins for energy projects across the globe. The contract wins are worth $110m in total. Two RB211 gas turbine power generation packages have been ordered by the Total Oil Company to provide power to an oil facility in the Middle East, w
Read moreLondon close: Lower finish after weak US jobs data
3rd Dec 2010 16:51
Footsie closed in the red after a sluggish day's trading, with the calm only briefly interrupted by jitters following weak US jobs data in the afternoon. Non-farm payrolls increased by 39,000 during the month, down from a revised increase of 172,000 in October and well short of expectations that ab
Read moreLondon afternoon: Footsie dives on US jobs data
3rd Dec 2010 14:30
Jobs growth slowed sharply in the US in November and unemployment unexpectedly rose, which was not the result the market had been hoping for. The data sent shares on this side of the pond into a dive, and pushed Footsie into the red. Non-farm payrolls increased by 39,000 during the month, down fro
Read moreOil leak caused Rolls-Royce engine explosion
3rd Dec 2010 11:25
An engine oil leak caused the explosion on a Qantas A380 super-jumbo that forced it into an emergency landing in Singapore, safety investigators in Australia have concluded. The Australian Transport Safety Bureau (ATSB) said oil leaked into a hot part of the engine and started a fire that eventuall
Read moreQantas could sue Rolls-Royce over super-jumbo explosion
2nd Dec 2010 10:26
Rolls-Royce could face legal action from Qantas over the explosion on a A380 airbus that led to the grounding of the Australian airline's fleet of super-jumbos. Discussions with Rolls-Royce are underway "on a range of issues concerning the A380 fleet including financial and operational impacts, as
Read moreLondon close: Triple digit gains for FTSE 100
1st Dec 2010 16:56
Footsie was posting triple-digit gains at trading's close as markets across the globe roared in approval at talk that the European Central Bank may take more measures to deal with the debt crisis. Shares here got an extra boost from news that activity in the manufacturing sector hit levels not seen
Read moreLondon afternoon: Footsie jumps 120 points
1st Dec 2010 14:17
After a strong morning session leading shares kicked on some more over the lunch time period, as worries over the eurozone debt situation subside. Talk that the European Central Bank may take more measures to deal with the debt crisis has buoyed European markets, with banks bouncing back more than
Read moreRolls-Royce in $420m deal with Hawaiians
1st Dec 2010 11:20
Engine maker Rolls-Royce has bagged another big contract, this time a $420m deal with Hawaiian Airlines. The British company, which last week received a total of $3bn of work from Air China and Emirates, will provide Trent 700 engines for six Hawaiian Airlines Airbus A330 aircraft. It already has
Read moreLondon close: Shares slump as eurozone saga continues
29th Nov 2010 16:45
The leading share index closed with triple-digit losses Monday as jitters over the eurozone debt situation continued to plague the markets. Financial markets are still betting either Portugal, Spain, or both, will need a rescue deal similar to the €85bn Irish bail-out, rubber-stamped over the weeke
Read moreLondon afternoon: Euro-zone fears resurface
29th Nov 2010 14:18
Thoughts that the euro-zone boil had been lanced by the agreement of a bail-out package for Ireland have proved premature, with rising Spanish bond yields suggesting that the prospect of Spain being the recipient of an EU/IMF aid package cannot be ruled out. An underwhelming response to the latest
Read moreLondon midday: Footsie deep in the red after reversal
29th Nov 2010 12:30
The leading share index is now firmly in the red after giving up the strong gains it was posting this morning. Markets remain jittery over the eurozone debt crisis. The euro hit new lows against a basket of currencies this morning, despite claims by European politicians that the €85bn Irish bail-o
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