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BAEThu, 03rd Jul 2014 08:58
BAE Systems said it had sold off its Commercial Armoured Vehicles business for 10 million dollars. The defence giant has sold the Ohio-based firm for cash to homeland security and counter-terrorism company, the O'Gara Group. The business, which recorded sales of $58m in 2011, manufactures and inte
Read moreReports say that the BAE/EADS defense and aerospace merger worth £28bn is off. It seems that the deal failed to satisfy the governments concerned and left shareholders unhappy over the strategic logic of the merger. The question will now be who will pay the price for the failure and what option
Read moreLast ditch talks to salvage the 28 billion pound merger of BAE Systems and EADS were taking place on Wednesday as a deadline for the deal approached. The two firms have until 5pm (4pm GMT) to announce the terms of the merger or ask for more time to finalise their plans, under rules set down by the
Read moreReuters reports that EADS has rejected a German news agency report that merger talks with BAE Systems had collapsed, instead confirming progress between Britain and France over the deal. Reuters has said that Britain and France had made progress in talks over a possible cap on state shareholdings b
Read moreA former chairman of the Federal Reserve has warned that regulation in the UK may have gone too far in its efforts to separate high-street banks from their high-risk investment arms. Paul Volcker claimed the UK's proposals to ringfence retail banks from their speculative trading divisions go even fu
Read moreShares in Imagination Technologies Group, the company behind the technology used in Apple's new iPad, leapt to their highest level in nearly 18 years following positive comments from Goldman Sachs. Analyst Simon Schafer said that "IMG remains at the heart of some of the most significant smartphone
Read more- RBS up over five per cent after upgrade - Tullow Oil strikes again off the coast of Ghana - Footsie up 1.4 per cent on the week The FTSE 100 was continuing to set new intraday highs by lunchtime, helped by a strong performance by financial and resource stocks. It has been a relatively quiet day f
Read more- Financials stock, Tullow oil lead the rise on the Footsie - Barroso sees improvement in the Eurozone - Oil prices rebound London's blue chip index advanced in the opening hour on Friday on a relatively quiet day for company news. Investors will be looking ahead to industrial production and consum
Read moreTough retail conditions and reduced offers have seen a dramatic drop in like-for-like (LFL) sales at department store chain, Beale. LFL sales in the first 19 weeks of the year were 8.4% lower than the previous year. Beale says it was "significantly adversely affected by the difficult economic cond
Read moreBeale, the department store chain, says retail sales in November saw "unprecedented" declines, which the group attributes to worries over the Eurozone affecting consumer behaviour. Like-for-like sales in the 11 weeks to January 14th were 7.0% below the prior year. Gross sales, which include 19 newl
Read moreSecurity firm G4S has a good record of performing in tough times. In the last downturn, its top line growth never fell below 2%, and it has typically expanded at two percentage points above gross domestic product, notes James Ashton in the Sunday Times. Half-year results this week are expected to sh
Read moreDespite Standard Life showing the first signs that its strategy is working, Nomura has kept its reduce rating on the stock, saying that the stock's valuation is still demanding. The target price stands at 250p. "Strong IFRS operating profit growth shows first signs of scalable strategy working," sa
Read moreShares in BAE Systems were wanted after the firm boosted its interim dividend and announced a £500m share repurchase program. For the six months ended 30 June, the defence group reported a 13% drop in sales, saying that the fall was in line with expectations. Headline revenue was £9.2bn, compared
Read moreLondon's leading share index finished with good gains Wednesday, with high street favourite Marks & Spencer the star of the show. Brokers have been queuing up today to praise the results from the bellwether of the UK retail sector after it delivered a forecast busting trading update. The company
Read moreDepartment store group Beale will more than double the number of stores under its ownership after acquiring 19 further sites from a co-operative society for a total consideration of £7.5m. JE Beale, the principal trading subsidiary of Beale, will takeover 19 of the 23 department stores currently ow
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