London open: Miners provide early boost
9th Jul 2009 08:33
Miners are giving London's blue chips a lift in early dealings ahead of the Bank of England's decision on interest rates and the quantitative easing programme later today. Fresnillo is the best performer, up more than 5%, closely followed by Kazakhmys, Anglo American, Vedanta Resources, Antofagasta
Read moreLondon pre-open: London gets pep from Wall St. rally
9th Jul 2009 07:44
The late rally yesterday on Wall Street has put traders in a positive frame of mind ahead of the Bank of England's decision today on interest rates and the quantitative easing programme. City sources predict the FTSE 100 will open around 21 points up from the previous close of 4,140. Fund manager
Read moreAir New Zealand ups Rolls-Royce order
9th Jul 2009 07:36
Air New Zealand has placed an order with aero engine giant Rolls-Royce for Trent 1000 engines to power its Boeing 787-9 aircraft. The latest order, which includes a long term service agreement, will take the number of Air New Zealand 787-9’s powered by Rolls-royce’s Trent 1000 engines up to 8, with
Read moreLondon close: Late gains lift Footsie
29th Jun 2009 16:50
After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreLondon afternoon: Financials spearhead the advance
29th Jun 2009 14:21
Banks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreLondon midday: Lloyds leads banks higher
29th Jun 2009 11:51
Risers outnumber fallers by around three to one among Footsie constituents, as the index pushes ahead despite weakness among miners. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldm
Read moreFTSE 100 movers: Lloyds given boost by Goldman
29th Jun 2009 11:05
US bank Goldman Sachs gave Lloyds Bank a boost by adding it to its conviction buy list. The US bank claims Lloyds shares represent the cheapest option among the major large-cap European banks and upgraded Lloyds from "neutral" to "buy". GS expects Lloyds to be a "key beneficiary" of the concentrati
Read moreLondon open: Footsie makes steady start
29th Jun 2009 08:32
London's blue chips have made a steady start with banks pushing on and insurers making gains. Lloyds and Barclays are both ahead with the new government paper on regulation of the sector likely soon and expected to see a defeat for the ideas of Bank of England governor Mervyn King. Outsource gian
Read moreLondon pre-open: Shares to drop
29th Jun 2009 07:38
London's blue chips are expected to open slightly lower with traders forecasting Footsie to drop around 15 points early on. Hovis to Branston Pickle maker Premier Foods's trading this year has continued on track, with sales of bread especially described as excellent. The heavily indebted group, wh
Read moreRolls-Royce expands oil and gas interests
29th Jun 2009 07:04
Aero-engine developer Rolls-Royce has bought a 33% holding in ODIM, a provider of specialist marine handling systems to the offshore oil and gas industry. Rolls-Royce is paying NOK 700 (£66m) cash to Aker Solutions for 15.5m ordinary shares in ODIM, equivalent to NOK 45 per share. The group said t
Read moreLondon close: Footsie clings to gains
16th Jun 2009 16:39
London's benchmark index finished just above flat, reversing earlier gains, as Wall Street started in a lacklustre fashion. Tesco's first quarter trading update was well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of growth in non-food
Read moreRolls-Royce wins $1.8bn order
16th Jun 2009 15:53
Rolls-Royce, announcing yet another contract at this year's Paris Air Show, said it will power AirAsia X aircraft in an order worth up to $1.8bn at list prices. Trent XWB engines have been selected for 10 firm and five option Airbus A350 XWB aircraft ordered by AirAsia X. In addition, the airline
Read moreLondon afternoon: Shares crawl higher
16th Jun 2009 14:19
London's blue-chip index edged higher over the lunch-time session, helped by expectations of a moderately firmer start on Wall Street. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of gro
Read moreRolls-Royce wins share of Etihad deal
16th Jun 2009 14:04
Rolls-Royce has won a $190m (£115m) share in an order from United Arab Emirates airline Etihad for V2500 engines to power a total of 20 Airbus A320s. The deal, which includes a long-term service agreement, was handed to the International Aero Engines consortium (IAE) which makes the V2500 and in wh
Read moreRolls-Royce secures $1.5bn engine order
15th Jun 2009 12:24
Aero-engine maker Rolls-Royce has secured a $1.5bn engine order to power 20 new Gulf Air aircraft. Trent 700EP engines will power 20 Airbus A330 aircraft, with deliveries beginning in 2012. The contract, signed at the Paris Air Show, includes a TotalCare long-term service agreement. "We are delig
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