Rolls-Royce wins gas pipeline contract
18th Mar 2010 07:32
Power systems developer Rolls-Royce has won its second contract in two years from the Gas Authority India Limited (GAIL). The UK company has won a $90m contract to supply four RB211 packages to be used on the 500 kilometre Vijaipur-Dadri Bawana pipeline running from Vijaipur to Dadri. The award of
Read moreNew Lloyds non-exec David Roberts spends £200,000
3rd Mar 2010 15:27
David Roberts, recently appointed as a non-executive director at the bank, has wasted no time in signalling his faith in his new employers, buying nearly £200,000 of shares. Roberts bought 378,670 shares at 52.55p a time. Roberts' appointment was announced on 11 February, following an interview wi
Read moreLondon close: Blue chips surge forward
26th Feb 2010 16:52
Footsie surged forward and closed in buoyant mood as buyers returned across a number of sectors despite disappointment with Lloyds Banking's results. Serco remains the best performer among Footsie stocks. The outsourcing group increased the dividend by a quarter as it ramped up profits by almost a
Read moreLondon afternoon: Stocks belcamed at higher levels
26th Feb 2010 14:23
Leading shares traded sideways over the lunchtime session, lacking any sort of lead from Wall Street, which is expected to open mixed as traders struggle through the snow storm engulfing New York to get into work. Serco remains the best performer among Footsie stocks. The outsourcing group increase
Read moreLondon midday:Stocks off the top
26th Feb 2010 12:22
Hopes that Footsie would claw back all of yesterday's losses look less likely to be realised after share prices came off the top late in the morning, though most stocks are still trading in positive territory. Serco remains the best performer among Footsie stocks. The outsourcing group increased t
Read moreLondon open: Footsie makes bright start
26th Feb 2010 08:50
London's blue chips have made a bright start after the late pick-up on Wall Street overnight, even though there is some disappointment with the figures from Lloyds Banking. The state-controlled bank joined sector peers Barclays and Royal Bank of Scotland in reporting better than expected figures.
Read moreLondon pre-open: Stellar gains ahead
26th Feb 2010 07:37
London's blue chips are expected to open sharply higher, with banking shares likely to be in focus after Lloyds reported full-year figures. Traders anticipate a 60 points gain when the market opens. Lloyds Banking joined sector peers Barclays and Royal Bank of Scotland in reporting better than expe
Read moreRolls-Royce nabs remainder of ODIM ASA
26th Feb 2010 07:35
Engineering giant Rolls-Royce has agreed to buy the outstanding 67% it doesn't own of Norwegian marine technology group ODIM ASA for £154m in cash. The price per share offered is the same Rolls-Royce paid for its 33% holding last year. ODIM ASA specialises in handling systems for seismic and offsho
Read moreLondon afternoon: Footsie falls as miners switch sides
3rd Feb 2010 14:32
Mining stocks headed south over the lunch time session, taking the blue-chip index with them. Antofagasta is the worst performer in the mining sector. The copper miner produced 442,500 tonnes of the red metal in 2009, ahead of its original forecast of 433,000 tonnes but lower than the 477,700 tonne
Read moreLondon midday: Merrills takes a shine to banks
3rd Feb 2010 12:08
Footsie ended the morning at an intra-day high, driven by a strong performance from financial stocks and miners. Standard Life is the top riser after it announced a 'significant increase' in flows and sales in the fourth quarter. Life and pensions net inflows more than tripled to £1.3bn from £0.4bn
Read moreLondon open: Quiet start despite Wall St rally
3rd Feb 2010 08:50
Hopes of a strong start have been dashed with Footsie limping along at present even though Wall Street posted its second triple-digit gain in two gains overnight. Data search software Autonomy reported fourth quarter and full year figures that were in line with expectations and gave a confident out
Read moreLondon pre-open: Stocks set to follow US higher
3rd Feb 2010 07:36
A triple digit rise overnight by the Dow Jones has encouraged an optimistic frame of mind in London, with traders expecting the blue-chip index to make an assault on the 5300 level at the opening, which would imply a rise of around 17 points from last night's close. Data search software Autonomy re
Read moreRolls-Royce wins Turkish Airlines order
3rd Feb 2010 07:16
Hot on the heels of Tuesday’s engine order from Sichuan Airlines, Rolls-Royce has announced another engine order, this time from Turkish Airlines. The airline has placed an order for V2500 engines to power 20 Airbus A320 aircraft it has on order, with the possibility of up to 10 more engines being
Read moreSichuan Airlines sticks with Rolls-Royce
2nd Feb 2010 07:50
Engine designer and supplier Rolls-Royce is part of a consortium that has won an order from Sichuan Airlines. The order, which is worth $100m to Rolls-Royce, is for V2500 engines to power 12 Airbus A320 aircraft that the airline currently has on order. Sichuan's current A320 family fleet of 61 airc
Read moreLondon close: US slide drags down Footsie
28th Jan 2010 16:45
London slumped near the close mirroring heavy falls in the US where technology stocks ran into heavy selling seemingly on disappointment with Apple's new iPad. AstraZeneca led the fallers after the Anglo-Swedish pharmaceuticals firm saw fourth quarter earnings rise 10% but warned that its predicted
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