Rolls-Royce nets $215m jet deal November 25, 2013 Aerospace giant Rolls-Royce yesterday announced that it has won a $215m (£133m) contract to provide technology that allows US fighter jets to “perform short take-offs and vertical landings”. The deal was with Pratt & Whitney, a US-based aircraft-engine firm. Rolls-Royce has provided 42 of the so-called Liftsystems, as the technology is known, to date. “As [...]
Costain to build Crossrail support November 25, 2013 Engineering firm Costain has won the contract by Crossrail to build Paddington New Yard, between Crossrail’s tunnels and the Great Western railway. The firm said the contract is worth around £30m and is expected to be complete by December 2015. The project includes building a bus parking deck to allow space for Crossrail trains to [...]
City Moves for 26 November 2013 | Who’s switching jobs November 25, 2013 FRP Advisory The specialist restructuring and recovery firm has appointed Michael Healy as a partner. He joins from Leonard Curtis, the rescue and recovery firm. Healy has 22 years’ experience in business advisory restructuring, and has held roles at Barclays, Levy Gee, and RSM Robson Rhodes. Capco The business and technology consultancy has appointed Jonathan [...]
Best of the Brokers for 26 November 2013 November 25, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com WILLIAM HILL Numis has a buy rating on William Hill with a 550p target price following the company’s profit warning last week. The broker said that the warning suggested to them that William Hill may be gaining share of the UK sports betting [...]
London Report: Energy boost from Iran deal lifts the FTSE November 25, 2013 BRITAIN’S main share index rose for the first time in a week in thin trade yesterday as travel stocks rallied on expectations that a nuclear deal between oil-rich Iran and six world powers would help cut fuel costs. Airlines IAG and EasyJet, and cruise operator Carnival, rose between two per cent and 2.8 per cent [...]
New York Report: Nasdaq breaks 4,000 for first time in 13 years November 25, 2013 THE DOW industrials eked out a slim gain yesterday to end at another record high, after the Nasdaq topped 4,000 for the first time in 13 years and then slipped to close below that level. Wal-Mart Stores shares rose 0.8 per cent to close at $80.43, off an all-time intraday high of $80.57 after the [...]
The winners and losers from Iran nuclear deal November 25, 2013 While oil prices may decline and safe havens could lose favour, not everything hinges on diplomacy The Iranian nuclear agreement, struck in the early hours of Sunday morning, has been hailed as historic – laying the foundations for a more comprehensive deal in the next year. And markets have bought in to this optimism. Brent [...]
Why understanding risk management is key to trading success November 25, 2013 FOREX trading – like any trading – is not without risk, so education and a sound risk management strategy are key to achieving any level of success. Learning to manage your positions, and to understand leverage and margins, is critical. When you open a trade (or position), it is active in your account and subject [...]
CNBC Comment: Watch out for the IPO boom froth November 25, 2013 CHEER has returned to London’s initial public offering (IPO) market. By the end of October, over $24bn (£14.8bn) had been raised in European IPOs in 2013, more than double the corresponding amount at the same point in 2012. And almost half of 2013’s total was raised on the London Stock Exchange. But investors may want [...]
DailyFX: Analyst picks November 25, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks I took half profit on my sterling-yen long position at ¥161.45 (closed from ¥158.30 and ¥160.00), leaving my net long entry at ¥160.80 (from ¥160.16 and ¥161.45). With holiday [...]