London close: Footsie sluggish as Ireland hogs limelight
17th Nov 2010 16:52
Footsie limped to a slightly higher finish on a sluggish day dominated by uncertainty over the Irish debt situation. Ireland appeared close to accepting a European bailout Wednesday ahead of a visit from European Union and International Monetary Fund experts the following day. The discussions shoul
Read moreLondon afternoon: Waiting for the dust to clear
17th Nov 2010 14:35
Investors continue to adopt a wait and see approach, biding their time until the Irish debt situation becomes clearer. UK economic news has been good, but not amazingly so. There was an unexpected fall in unemployment in October and a widely-anticipated three-way split in views on the Bank of Engla
Read moreRolls-Royce gets order for 'wave-piercing' vessel
17th Nov 2010 13:50
Rolls-Royce provided a welcome distraction from its aeroplane engine woes today, announcing the first order for its new 'wave-piercing' boat to the Norwegian shipping group Farstad. The contract could be in excess of £12m, Rolls-Royce said, adding that the contract also includes an option for a sec
Read moreFTSE 100 movers: Bid rumours boost Invensys
15th Nov 2010 15:03
Bid talk pushed Invensys higher. The engineering firm denies press reports that it has received an approach. Chief executive Ulf Henriksson told the Telegraph that China Southern Rail has agreed in principle the possibility of acquiring Invensys, but no "discussions regarding a possible offer for
Read moreLondon close: Footsie rallies to narrow losses
12th Nov 2010 16:47
Footsie recovered from an early slump to close just a few points lower as well-received company updates nearly cancelled out losses in the mining sector. Miners were big fallers on disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all. Talk that China is
Read moreLondon afternoon: Imagination hit by Samsung rumour
12th Nov 2010 14:27
Considering mining shares are in the dumper Footsie, though lower on the day, is faring reasonably well, after a lunch time session that saw share prices move sideways. Miners are big fallers on disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all. Talk
Read moreFTSE 100 movers: Rolls-Royce recovers
12th Nov 2010 13:16
Shares in Rolls-Royce have recovered even though it will have to spend money solving the problems of the Trent 900 engine. This extra cost will hit 2010 profit. An investigation into the engine explosion on the Trent 900 powered A380 Qantas super-jumbo has found the failure was confined to one com
Read moreLondon midday: Footsie flat after recovery
12th Nov 2010 12:13
Shares are looking for direction now after staging an impressive recovery from this morning's losses. Aero-engine maker Rolls-Royce is going well despite warning solving the problems on its Trent 900 engine will mean it making less money than expected in 2010. Centrica is also higher after the Br
Read moreLondon open: Blue chips take a tumble
12th Nov 2010 08:48
London has opened sharply lower, with sentiment not helped by a mild profit warning from Rolls-Royce and a bad-tempered G20 meeting. Aero-engine maker Rolls-Royce is one of the few risers in fact, despite warning solving the problems on its Trent 900 engine will mean it making less money than expec
Read moreLondon pre-open: London runs into turbulence
12th Nov 2010 07:35
London is set to open sharply lower, with sentiment not helped by a mild profit warning from Rolls-Royce. City traders expect the Footsie to open around 60 points lower than last night's close. Aero-engine maker Rolls-Royce will make less money than expected in 2010, and it's all down to one compon
Read moreRolls-Royce engine drama will hit profits
12th Nov 2010 07:03
Rolls-Royce will make less money than expected in 2010, the company warned Friday, and it's all down to one component in the turbine area of the engine. An investigation into the engine explosion on the Trent 900 powered A380 Qantas super-jumbo has found the failure was confined to the specific com
Read moreFriday preview: Rolls-Royce, Tullett Prebon...
11th Nov 2010 17:12
What would probably have been a routine, and likely bullish, update from Rolls-Royce tomorrow took on new significance earlier in the week following the engine explosion on a Qantas A-380 super-jumbo powered by the aero-engine maker. Investigations have already got underway with the Europe Aviation
Read moreEuropean agency orders Rolls-Royce engine inspections
11th Nov 2010 14:13
The Europe Aviation Safety Agency (EASA) has ordered airlines to carry out inspections into aero-engineer Rolls-Royce's Trent 900 engines after an engine explosion on a Qantas Airlines plane last week. EASA, which certified the Trent 900 in 2004, said preliminary investigations showed the incident
Read moreThursday tips round-up: Prudential, Great Portland, Schroders...
11th Nov 2010 06:39
Prudential reported positive numbers yesterday, but the Independent is still put off by the ill-conceived £22bn bid for AIA that failed earlier this year and cost the insurer £350m. It is really a question about management, one that Prudential has yet to provide a satisfactory answer to, the paper
Read moreRolls-Royce falls again after Singapore setback
10th Nov 2010 14:01
Rolls Royce resumed its descent today after Singapore Airlines said it was replacing engines built by the aero-engineer on three planes. The airline has decided to replace the Trent 900 engines after oil was seen on one of them at Heathrow Airport. The news is a set-back for Rolls-Royce, which ral
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