US Navy contract for Rolls January 17, 2011 BRITISH engineering group Rolls-Royce yesterday said it had won a contract to supply gas turbines and waterjets for up to 10 of the US Navy’s Littoral Combat Ships. Rolls-Royce already supplies propulsion equipment for some of the Lockheed Martin-built vessels and the new deal extends this with one firm order and options on a further [...]
Business as usual? Hardly, for anyone working in finance September 1, 2011 SINCE the financial crisis, business secretary Vince Cable has taken to the airways on a regular basis to criticise a supposed culture of business as usual in the City, suggesting that the government must get ever-tougher to counter the fact that hardly anything has changed for banks. Nothing could be further from the truth. HSBC [...]
BEST OF THE BROKERS January 12, 2011 BRITISH AIRWAYS Citi rates the airline a “buy” with a target price of £3.75, but marks it high risk ahead of the launch of its new post-merger holding company, International Consolidated Airlines Group, on 24 January. The broker says BA’s risks look manageable, while cost synergies and growing demand for first class travel will benefit [...]
BEST OF THE BROKERS January 12, 2011 BRITISH AIRWAYS Citi rates the airline a “buy” with a target price of £3.75, but marks it high risk ahead of the launch of its new post-merger holding company, International Consolidated Airlines Group, on 24 January. The broker says BA’s risks look manageable, while cost synergies and growing demand for first class travel will benefit [...]
THE TIPSTER February 3, 2011 INTERNATIONAL Consolidated Airlines Group (or IAG) the new post merger moniker for British Airways, has seen its shares slump more than 10 per cent since the change, down to the 150 day moving average at 255p. There is good support at 255p, 250p and even at 240p from the 200 day moving average and spread [...]
Stocks to start the week lower on China fears January 23, 2011 Despite closing on Friday on a mild high, over the course of the week the FTSE still dropped nearly 1.8 per cent, managing along the way to close at its lowest level for five weeks, and it looks like the bears could resume control once again this morning. GFT is quoting the FTSE 100 index [...]
Companies join tourism campaign January 5, 2011 TRAVEL firms British Airways and P&O have stepped in to support a government drive to boost tourism. The companies are part of a £100m fund aimed at boosting the number of visitors to the UK and tourism jobs over the next four years. Representatives from the two firms, as well as ferry operator DFDS, hotel [...]
Companies join tourism campaign January 5, 2011 TRAVEL firms British Airways and P&O have stepped in to support a government drive to boost tourism. The companies are part of a £100m fund aimed at boosting the number of visitors to the UK and tourism jobs over the next four years. Representatives from the two firms, as well as ferry operator DFDS, hotel [...]
BEST OF THE BROKERS January 5, 2011 OCADO UBS has downgraded the online grocer to “neutral” from “buy” with an increased target price of 197p, following share price gains and an improvement in valuations among Ocado’s peers such as Amazon and Asos. It adds that the trading statement due on 10 January will shed light on the firm’s progress since floating. BETFAIR [...]
FTSE finishes in the red despite late rally March 2, 2011 The FTSE slumped below the 5,900 mark this morning on continued Middle East unrest fears, but recovered ground after a boost to Wall St. The FTSE 100 still closed the day below 6,000, though, 0.35 per cent down at 5,914.89. It has lost ground in eight of the last nine sessions. Michael Hewson said the [...]