Technical Analysis Snap: Rolls Royce flying high
31st Jul 2009 11:29
Despite the severe recession in civil aerospace markets Rolls Royce has managed to buck the trend with a continually rising order book. By the end of last month the order book had risen 4% to £57.5bn, and with underlying profits up by 9% to £445m, its order book continues to look fairly healthy ac
Read moreFriday tips round-up: Rolls-Royce, Travis Perkins, Laird
31st Jul 2009 06:47
Rolls-Royce's view on the economy is not cheery. "The global trading environment remains very difficult and we believe the recovery is likely to be slow," Sir John Rose, the chief executive, said yesterday as the company published its first-half financial results. But the engine-maker still has pl
Read moreLondon close: Blue chips surge continues
30th Jul 2009 16:42
Corporate newsflow and resurgent miners sent Footsie to within a whisker of its highest close this year. Investors piled into blue chips after a string of household names reported earnings this morning. Triple-digit gains for the Dow added to the upward momentum in the afternoon. Telecoms giant
Read moreLondon afternoon: Miners push Footsie higher
30th Jul 2009 14:48
Corporate news-flow and resurgent miners are driving Footsie higher today, with the benchmark index adding to its gains over the lunch-time session. Telecoms giant BT racked up a double-digit percentage gain in the morning after quarterly figures that were not as bad as feared. EBITDA (earnings b
Read moreLondon midday: Footsie tops 4600
30th Jul 2009 11:54
Footsie has broken through the 4,600 barrier, helped by well received results from index heavyweight BT and strong demand for miners. Telecoms giant BT racked up a double-digit percentage gain in the morning after quarterly figures that were not as bad as feared. EBITDA (earnings before interest, t
Read moreLondon open: Positive start to busy day
30th Jul 2009 08:16
Investors have a batch of results to consider this morning, with BT currently leading London's blue chips higher after publishing quarterly figures. Telecoms giant BT saw adjusted EBITDA fall 3% in the first quarter, held back by BT Global Services. It saw adjusted EBITDA come in at £1.3bn against
Read moreLondon pre-open: Company updates to lift Footsie
30th Jul 2009 07:51
A strong start is expected from FTSE 100 as the results stream continues. Royal Dutch Shell said its second quarter results were affected by the weak global economy as net profit slumped 70%. Second quarter earnings, on a current cost of supplies (CCS) basis, came in at $2.3bn, which was in line wi
Read moreRolls-Royce reiterates full-year guidance
30th Jul 2009 07:14
Aero engine company Rolls-Royce reiterated its guidance for the full year but said the global trading environment remains 'very difficult', adding that the recovery is likely to be slow. Underlying pre-tax profits, which excludes the non-cash impact of the hedge book and other financial instruments
Read moreThursday preview: Shell, BAE, Rolls-Royce, BSkyB, Reed
29th Jul 2009 16:50
With BP and BG Group already having given second quarter updates this week Thursday sees Royal Dutch Shell step up to the plate. The oil giant is expected to declare net income on a current cost of supply (CCS) basis of $2.4bn. The company is expected to maintain its quarterly dividend of 42 cents
Read moreGovernment invests £150m in manufacturing
28th Jul 2009 12:32
The government is to invest £151.5m in the manufacturing industries as it seeks to 'rebalance' the UK economy away from the financial sector. Among the beneficiaries of the investment is Rolls Royce, which received £45m to help build four factories in the UK. Three of the companies will be focused
Read moreRolls-Royce to build new facilities in UK & Singapore
28th Jul 2009 06:56
Aero engine developer Rolls-Royce is to build four new factories and invest in two advanced research programmes in the UK. The company will spend more than £300m on the four factories, with the government chipping in with £45m of support. A new casting facility for single crystal turbine blades, a
Read moreWednesday tips round-up: Next, Brammer, Rolls-Royce
22nd Jul 2009 06:46
Increasing unemployment could be a real problem for the high street and Next. Chief executive Simon Wolfson disagrees, arguing that the rate of joblessness is not increasing and neither unemployment, nor concerns about swine flu, has had any affect on the group's sales season. Even so, hold for now
Read moreLondon close: Modest gains as US struggles
9th Jul 2009 16:33
Equities held onto gains despite a lacklustre final session as Wall St struggled to make headway. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Rand
Read moreLondon afternoon: Rally gathers pace
9th Jul 2009 14:46
Equities pushed higher over the lunch-time session, boosted by expectations of a firm start on Wall Street. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold min
Read moreLondon midday: Mining stocks in the driving seat
9th Jul 2009 12:17
Mining stocks are behind the wheel once again and today they are driving the market higher. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Randgold Resources to "hold" from "buy". Elsewhere in the sector An
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