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Sector movers: Aerospace and defence stocks lead London market higher

Fri, 31st Jul 2015 15:50

(ShareCast News) - Aerospace and defence, and media stocks led the London market higher as miners continued to struggle on Friday.The FTSE 100 closed up 0.41% or 27.41 points at 6696.28, while FTSE 250 closed up 0.89% or 156.40 points at 17677.40, with aerospace and defence stocks trading higher.Rolls Royce spiked almost 6% or 44.50p to 794p later on in the session on news that US activist hedge fund - ValueAct investment - had taken a 5.44% stake in the company to rank among its top shareholders.The move is likely to increase pressure on the British aircraft engine maker to improve its performance and deliver better shareholder returns. The company said it was seeking a meeting the San Francisco based hedge fund.Away from the sector, media stocks also enjoyed a positive end to the week, with UBM rising 4.83% or 24.50p to 531.50p and ITV picking up 9.10p or 3.35% to 280.70p.UBM posted a 37.2% decline in first half pre-tax profit, but said it was confident of meeting full-year expectations. The marketing and events company posted a £47.6m profit for the six months to June this year, down from £75.8m the year prior.Reported revenue was up by 26.3% to £456m from £361 the year prior, which UBM attributed to its new US acquisition Advanstar and favourable foreign exchange movements.ITV gained as US media giant Liberty Global upped its stake in the broadcaster to just under 10%. However, on the negative side, mining stocks continued to struggle.Past the midway point in trading on the London Metal Exchange, three-month futures contracts of primary aluminium (down 1.2%), copper (down 0.6%), lead (down 0.6%), nickel (down 0.1%) and zinc (down 1.0%).Kaz Minerals (down 4.43%), Lonmin (down 3.07%) and Vesuvius (down 2.76%) were among the notable midcaps to take a hit. Antofagasta (down 2.33%) and Glencore (down 1.42%) were among the leading FTSE 100 fallers.

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15 Jun 2018 16:43

Informa's Takeover Of Peer UBM Effective After Court Sanction

LONDON (Alliance News) - Media company UBM PLC on Friday said its takeover by publishing company Informa PLC has been completed after the scheme of arrangement became effective following court the

31 May 2018 17:17

LONDON MARKET CLOSE: Stocks Close Mixed Amid US Metal Tariffs

LONDON (Alliance News) - London stocks closed mixed on Thursday as markets were shaken by US tariffs on imported steel and aluminium from the EU, Canada and Mexico, which are expected to take on a

31 May 2018 12:02

LONDON MARKET MIDDAY: Investors Welcome Political Progress In Italy

LONDON (Alliance News) - Stocks in London were trading higher at midday on Thursday as fears over the political crisis in Italy dissipated, while FirstGroup stole the headlines as a

31 May 2018 10:54

WINNERS & LOSERS SUMMARY: FirstGroup Swings To Loss, CEO Departs

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 4.7%. The Irish building materials company

31 May 2018 08:49

LONDON MARKET OPEN: FirstGroup CEO Departs After Swinging To Loss

LONDON (Alliance News) - Stocks in London opened higher on Thursday, building on gains from Wednesday, with CRH leading the blue chips while FirstGroup sank as its a

31 May 2018 07:44

LONDON MARKET PRE-OPEN: FirstGroup CEO Departs Amid Disappointing Year

LONDON (Alliance News) - Stocks in London are set to open higher on Thursday, tracking gains from Asia and the US, while FirstGroup's chief executive stepped down as the public a

15 May 2018 09:28

UBM 2018 Trading In Line On Events Progress As Informa Buyout Advances

LONDON (Alliance News) - UBM PLC said Tuesday it continues to perform in line with its expectations in 2018 to date after experiencing "good momentum" as its events-focused strategy to a

8 May 2018 16:05

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 9 MayStandard CharteredVirgin MoneyRentokil InitialPatagonia & (re 10

24 Apr 2018 14:09

ITE Sells Malaysian Exhibitions Unit For GBP4.2 Million To UBM

LONDON (Alliance News) - ITE Group PLC said Tuesday it sold Malaysian subsidiary and Metaltech-owner TradeLink ITE Sdn Bhd for GBP4.2 million to UBMMG Holdings Sdn Bhd, a subsidiary of UBM firm or

29 Mar 2018 16:52

UPDATE 1-Britain shrugs off Brexit to enjoy boom in dealmaking

By Ben Martin LONDON, March 29 (Reuters) - British companies have been swept up in a global boom in dealmaking that has seen the amount of M&A involving firms hit a

29 Mar 2018 15:12

Britain shrugs off Brexit to enjoy boom in dealmaking

By Ben Martin LONDON, March 29 (Reuters) - British companies have been swept up in a global boom in dealmaking that has seen the amount of M&A involving firms hit a

23 Mar 2018 10:23

Engineer Babcock Appoints Two New Non-Executive Directors

LONDON (Alliance News) - Engineering company Babcock International Group PLC said Friday that it has appointed Kjersti Wiklund and Lucy Dimes as independent non-executive am a

11 Jan 2017 13:32

Wednesday broker round-up

(ShareCast News) - Burberry: Barclays upgrades to Overweight and lifts target price from 1450p to 1760p. AstraZeneca: UBS maintains Buy, keeps target price of 5,000p. Spectris: Bank of America Merill Lynch upgrades to Buy with a target price of 2600p. Unilever Plc: UBS maintains Buy with a target

11 Jan 2017 09:36

BROKER RATINGS SUMMARY: Morgan Stanley Upgrades BT To Overweight

14 Dec 2016 09:32

Latest Share Chat

UBM Share News (UBM)

Sector movers: Aerospace and defence stocks lead London market higher

Informa's Takeover Of Peer UBM Effective After Court Sanction

LONDON MARKET CLOSE: Stocks Close Mixed Amid US Metal Tariffs

LONDON MARKET MIDDAY: Investors Welcome Political Progress In Italy

WINNERS & LOSERS SUMMARY: FirstGroup Swings To Loss, CEO Departs

LONDON MARKET OPEN: FirstGroup CEO Departs After Swinging To Loss

LONDON MARKET PRE-OPEN: FirstGroup CEO Departs Amid Disappointing Year

UBM 2018 Trading In Line On Events Progress As Informa Buyout Advances

UK Shareholder Meetings Calendar - Next 7 Days

ITE Sells Malaysian Exhibitions Unit For GBP4.2 Million To UBM

UPDATE 1-Britain shrugs off Brexit to enjoy boom in dealmaking

Britain shrugs off Brexit to enjoy boom in dealmaking

Engineer Babcock Appoints Two New Non-Executive Directors

Wednesday broker round-up

BROKER RATINGS SUMMARY: Morgan Stanley Upgrades BT To Overweight

BROKER RATINGS SUMMARY: Deutsche Bank Cuts Centrica To Sell From Hold

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UBM Share News (UBM)

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