London close: Footsie closes at worst levels since July
16th Nov 2012 16:37
- Stocks shaken by Middle-East tensions, reports of oil rig fire - US lawmakers class 'cliff' discussions as 'constructive' - Greek haircut worries dent sentiment The FTSE 100 sunk to its lowest level since July on Friday as rising tensions in the Middle East, Eurozone debt concerns and the worries
Read moreUltra Electronics issues profit warning, Financial Director bails - UPDATE
16th Nov 2012 07:20
Defence contractor Ultra Electronics has said that uncertainty and cutbacks in the defence sector will hit it profits for the year. In addition, the Finance Director has decided to move on. In a trading updatem the FTSE-250 company said: "Against a backdrop of adverse market conditions in the defen
Read moreLondon pre-open: Small gains expected on FTSE, ECB in focus
4th Oct 2012 07:29
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,826, tracking gains seen in the US, which came on the back of slightly better-than-expected employment and service sector data. Today's economic calendar is rather light, although central banks will be in focus.
Read moreUltra Electronics bags MoD contract
4th Oct 2012 07:01
Ultra Electronics, the defence, security, transport and energy company, has won a contract from the Ministry of Defence to supply a sensor management and situational awareness system. The £14m contract will be executed by the Surveillance Systems business unit within Ultra's ommand & Control System
Read moreLondon pre-open: FTSE to track US stocks higher
17th Aug 2012 07:31
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,835, tracking gains seen in the US and Asia over night. Investor sentiment was given a boost by comments from German Chancellor Angela Merkel, who said Germany was committed to doing everything within its power to r
Read moreUltra Electronics takes over US power conversion firm
17th Aug 2012 07:07
Electronic and software solutions company Ultra Electronics says that its acquisition of a US power conversion business is now complete after having received the approval from the other party's shareholders. The acquired unit is operated by RFI Corporation, a manufacturer of proprietary, high-volta
Read moreTuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreLondon midday: Stimulus hopes drive risk appetite
30th Jul 2012 12:03
- Juncker says leaders have 'no time to lose' - Markets await policy decisions by ECB and Fed - Yields fall at Italian bond auction European stock markets were making moderate gains on Monday morning as risk appetite increased on the back of hopes of central bank action this week in Europe and the
Read moreLondon open: Central bank hopes drive gains early on
30th Jul 2012 08:26
- Leaders have 'no time to lose', says Juncker - Markets await ECB decision on Thursday - QE3 hopes drive gains UK stocks rose in early trading on Monday on the back of hopes that the European Central Bank (ECB) will act this week to stem the Eurozone crisis. Eurogroup head Jean-Claude Juncker sai
Read moreSubmarines keep Ultra Electronics profits above water
30th Jul 2012 07:35
Defence-focused technology firm Ultra Electronics said sales to UK and US nuclear submarine programmes helped boost profits in the first half. Underlying pre-tax profit rose 5% to £54.5m, pushing earnings per share up 6% to 58.1p. Revenue was up 8% to £370.2m and the company declared an interim di
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreFTSE 250 movers: Yule Catto dives on trading update
27th Jun 2012 15:31
Specialist chemicals maker Yule Catto tanked after saying that the challenging trading conditions outlined in its May update have continued through the rest of the first half. Demand at its Europe and North America business segment, remains subdued, as it battles against deteriorating business confi
Read moreUltra Electronics acquires cyber security firms
27th Jun 2012 07:42
Ultra Electronics, the technology company with interests in defence, transport and energy, has agreed to acquire Barron McCann Technology and Barron McCann Payments, two specialist cyber security companies. Ultra has paid a total of £12m for the firms, which together employ 58 staff. Known colle
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
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