London afternoon: Dull mood continues
29th Sep 2010 14:15
Leading shares remain mixed but with a lower bias as investors continue to fret over European debt issues. Debt-stricken Ireland is 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 Bank of
Read moreTuesday newspaper round-up: IMF, BP, Rolls-Royce...
28th Sep 2010 06:40
The International Monetary Fund backed the British Government's austerity plans yesterday and declared the economy to be "on the mend". In its first official verdict on the coalition's policies, the Washington-based IMF praised George Osborne's debt-cutting programme as "strong and credible" and s
Read moreRolls-Royce bags $560m Lufthansa order
22nd Sep 2010 18:29
Aero-engineer Rolls-Royce has won a $560m (£560m) order to provide engines for eight of German airline Lufthansa's planes. The Trent 700 engines will be used in eight planes that operate under the Lufthansa and SWISS Airbus brands. SWISS Airbus planes are owned by Lufthansa following the German air
Read moreUPDATE: Senior To Beat 2010 Views As Aircraft Orders Build
2nd Aug 2010 13:22
(Adds executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. aerospace engineer Senior PLC (SNR.LN) Monday said it expects 2010 profit to beat market forecasts now production rates for major new aircraft like Boeing Co.'s (BA) 787 Dreamliner are
Read moreMARKET TALK: UBS Raises Rolls-Royce Price Target
2nd Aug 2010 10:52
0952 GMT [Dow Jones] UBS raises Rolls-Royce Group (RR.LN) price target to 500p from 400p after a good set of 1H results, coming in at the upper end of consensus expectations. Says a very strong performance at marine in both sales growth and margins offset a weak margin performance in civil aerospac
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 10:52
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0952 GMT [Dow Jones] UBS raises Rolls-Royce Group (RR.LN) price target to 500p from 400p after a good set of 1H results,
Read moreINTERVIEW: Senior Expects Flexonics Margin Decline In 2H
2nd Aug 2010 10:34
By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Aerospace engineer Senior PLC (SNR.LN) Monday said it expects to maintain improved margins at its aerospace unit but anticipates margins at its Flexonics business will decline in the second half of this year. Senior said its aer
Read moreMonday newspaper round-up: Banks, BP, British Land
2nd Aug 2010 06:39
The new chairman of the powerful Commons Treasury Select Committee has stepped into the escalating row over loans to small business, telling ministers to stop threatening the banks. Andrew Tyrie, the Conservative MP for Chichester, issued the warning as the high street banks braced themselves for f
Read moreUK Chancellor Rejects Exempting Trident From Budget Cuts-Reports
30th Jul 2010 08:54
DOW JONES NEWSWIRES U.K. Chancellor of the Exchequer George Osborne has rejected exempting the U.K.'s Trident nuclear-weapons system from budget cuts, revealing a split with Defense Secretary Liam Fox, Bloomberg reports on its website. "The Trident costs, I have made it absolutely clear, ar
Read moreFriday tips round-up: Rolls-Royce, Aegis, Travis Perkins
30th Jul 2010 06:55
Rolls-Royce is among the FTSE 100's band of defensives. The shares trade on a multiple of 15.5 times forecast earnings for 2010, putting the stock at the top of end of its historic range. While that may worry some, it's just a reflection of the market's preference for what is a relatively safe and
Read moreLondon close: US gloom offsets company cheer
29th Jul 2010 16:33
Footsie closed slightly in the red, despite starting well on the back of well-received company updates, as weakness in the US spread across the Atlantic. AstraZeneca closed sharply higher. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as
Read moreEuropean Defense Giants Target Services, Eye Exports
29th Jul 2010 16:13
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Some of Europe's biggest defense companies appear likely to rely more heavily on service and support work and the drive for exports in the months ahead as cash-strapped governments reign in spending on armaments. The market for
Read moreLondon afternoon: Footsie off the top
29th Jul 2010 14:28
The Footsie drifted lower over the lunch time session though still remained in positive territory, thanks in large part to enthusiastic responses to results from heavy hitters AstraZeneca, BT and Reed Elsevier. AstraZeneca is sharply higher. The group's potential blockbuster heart drug Brilinta has
Read moreLondon midday: PartyGaming jumps on bwin merger
29th Jul 2010 11:57
Company results have given traders plenty to ponder and shares are broadly higher, but online betting group PartyGaming is the star performer after announcing a merger with Austrian rival bwin. PartyGaming said the merger would create the world's largest listed online gaming business. Elsewhere i
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 09:07
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0807 GMT [Dow Jones] Rolls Royce's (RR.LN) 1H results are solid, says Keith Bowman, Equity Analyst at Hargreaves Lansdown Sto
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