London afternoon: Morning's gains consolidated
4th Nov 2010 14:23
Since the Bank of England's noon announcement extinguished the small hopes of Britain joining the US in reviving its quantitative easing programme, leading shares have marked time. Miners are still doing particularly well on hopes that the Fed's stimulus measures will help sustain the global econo
Read moreFTSE 100 movers: Funds growth for Man
4th Nov 2010 14:04
Hedge fund manager Man Group has risen more than 10% as funds under management grew in the third quarter of 2010. Man reported a rise in funds under management to $40.5bn (£25.2bn) from $38.5bn the previous quarter. The firm says that it was 'due to strong investment performance and favourable FX m
Read moreLondon midday: Market follows Man higher
4th Nov 2010 12:54
After a morning of holding its breath waiting for the Bank of England's pronouncement on quantitative easing, the admittedly small hopes that the Bank would follow the US central bank's lead and resume its asset buy-back programme were crushed by the announcement of maintenance of the status quo. N
Read moreSector movers: Defence hit after Cobham update
3rd Nov 2010 14:42
The aerospace and defence is lower today, with high tech group Cobham bearing the brunt of the attack. Cobham said its commercial markets remain stable, but fragile, with some US customers still reluctant to put pen to paper. Elsewhere in the sector though, Rolls-Royce has moved slightly ahead aft
Read moreRolls-Royce picks up Tunisair order
3rd Nov 2010 14:07
Rolls-Royce has picked up a $200m order for Trent 700 engines to go into Tunisair's three Airbus A330 aircraft. The order, the first time the airline has selected Trent engines, also includes a long-term service agreement. Rolls-Royce says the Trent 700 is the only engine specifically designed for
Read moreRolls-Royce director raises £1m
14th Oct 2010 17:18
The boss of Rolls-Royce's US operations has sold nearly £1m worth of shares. James Guyette has been on the board of the aerospace firm since 1998 and before that he was a vice president at United Airlines. Guyette has sold 164,689 shares - just over one-third of his holding - at 605.55p a share,
Read moreRolls-Royce director raises £190,000
6th Oct 2010 16:47
Rolls-Royce's engineering and technology director Colin Smith and his wife have raised more than £190,000 from a share disposal. They sold a total of 32,000 shares at 599.5p each. They retain 175,176 shares in the aero-engineer. Smith has held his current position since 2005, having joined Rolls
Read moreUltra wins submarine contract
5th Oct 2010 07:18
Power systems developer Rolls-Royce has awarded a contract to defence industry supplier Ultra Electronic Holdings' command and control systems business. The £24m contract covers the procurement of long lead time materials for use in Royal Navy submarines. A further contract covering the production
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreLondon afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreLondon midday: Sluggish Footsie
30th Sep 2010 12:00
Investors are holding fire ahead of this afternoon's release of US gross domestic product data. The downgrading of the credit rating of Spanish sovereign debt came as little surprise and has had minimal effect on sentiment, as has news that the bail out of Anglo Irish Bank could cost Ireland as much
Read moreLondon open: Footsie falls back
30th Sep 2010 08:36
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, sending London's leading share index into the red. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sector. Compass Group has headed south ev
Read moreLondon pre-open: Stocks set to step back
30th Sep 2010 07:31
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, and dealers expect the FTSE 100 to open around 25 points down from its close last night. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sect
Read moreRolls chief Rose sets retirement date
30th Sep 2010 07:23
Sir John Rose is retiring as chief executive at Rolls-Royce after 14 years in the job and 26 years at the aero-engine maker, handing over to non-executive director John Rishton in March next year. Colleagues will be sad to see him go. "John has led a transformation in Rolls-Royce which has few para
Read moreLondon close: Lower finish after sluggish day
29th Sep 2010 16:39
Footsie closed a few points lower at the end of a dull day's trading that was overshadowed by continuing eurozone debt worries. Ireland was the focus of attention again. The rating agency Standard & Poors says the price of bailing out nationalised bank Anglo Irish could exceed $47bn. Banks Royal B
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