London open: Banks lead market higher
29th Nov 2010 08:54
UK shares have made a bright start to the week led by the banks after Ireland signed up to the EU/IMF bail-out at the weekend. Royal Bank of Scotland is the best performer. It has the largest exposure of the UK banks to Ireland. Lloyds, Barclays and HSBC are all going well. Bank of Ireland, meanwh
Read moreLondon pre-open: Warm start for Footsie
29th Nov 2010 07:36
UK shares are set to begin the week in better shape than the weather. The FTSE 100 is expected to add almost 30 points in early trade, with Ireland's bail-out and tensions on the Korean peninsula still likely to dominate headlines. BP has sold its stake in Argentina-based oil and gas company Pan A
Read moreMonday newspaper round-up: Network Rail, Ireland, BP...
29th Nov 2010 06:38
Commuters into London from Essex and East Anglia and train passengers in Liverpool could be the guinea pigs in a radical break-up and part-privatisation of Network Rail. The Department for Transport is set to consider reforms that could promote the "vertical integration" of parts of the network, al
Read moreRolls-Royce secures $1.2bn deal with Emirates
24th Nov 2010 14:42
Engine maker Rolls-Royce took total new orders for the week to a mouth-watering $3bn (£1.9bn) after Emirates chose the British company to power 50 of its wide-bodied aircraft. Rolls, which bagged a $1.8bn contract with the Chinese on Monday, will supply engines and long term support for Trent 700 e
Read moreLondon afternoon: Rolls celebrates another big order
24th Nov 2010 14:36
Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
Read moreFTSE 100 movers: TUI Travel bucks trend
23rd Nov 2010 12:25
Worries about European debt and tension in Korea have hit banks and miners but TUI Travel is bucking the trend. TUI Travel is the best performer for the second day running. There are rumours that 55% shareholder TUI AG wants to increase its stake. Aero-engine maker Rolls-Royce got a lift from ne
Read moreQantas A380s back in the air this weekend
23rd Nov 2010 08:49
A pair of A380 superjumbos owned by Qantas will resume flights again on Saturday, three weeks after the airline's entire fleet was grounded after an engine exploded mid-flight. A series of checks have convinced the Australian airline's chief executive Alan Joyce that the planes are safe to fly. Tw
Read moreTuesday newspaper round-up: Ireland, Rolls-Royce, Spotify...
23rd Nov 2010 06:35
Ireland's €85bn rescue will not be enough to stamp out the eurozone crisis, leading economists warned last night, as George Osborne conceded that British taxpayers may have to bail out other European countries. With the Irish Government on the brink of collapse and the credit agency Moody's predict
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
Read moreLondon pre-open: Relief over Ireland rescue
22nd Nov 2010 07:37
Ireland's decision to accept a bailout worth up to €100bn is set to relieve markets Monday following weeks of speculation and concern about the former 'tiger' economy. The FTSE 100 could add around 50 points in early deals, according to futures prices. It's a slow start to the week on the company
Read moreRolls-Royce picks up $1.8bn engine deal
22nd Nov 2010 07:12
Rolls-Royce has picked up a morale boosting $1.8bn (£1.1bn) engine order from China just weeks after the problems that grounded Airbus A380 super-jumbos around the world. The order from Air China is not for Trent 900s, the engine that exploded on a Qantas super-jumbo flight, but for Trent XWB and T
Read moreRolls-Royce might replace 40 Airbus A380 engines
18th Nov 2010 12:24
As many as 40 Rolls-Royce engines fitted to Airbus A380 superjumbos may have to be replaced following the mid-air explosion on a Qantas flight earlier this month. Rolls said last week that one component in the turbine area had caused an oil fire in the Trent 900 engine, creating an explosion. But t
Read moreThursday tips round-up: Morgan Crucible, Rolls-Royce, Ted Baker
18th Nov 2010 06:53
Morgan Crucible gets three fifths of its revenues from the manufacture of high-specification ceramics. These go into areas such as defence, aerospace and medical markets. Profits for the current year will be at the top end of market forecasts, putting the shares on 13 times' this year's earnings, f
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