Tue 7th Jul 15, 15:45:47
Bad habits are hard to break, with Rolls Royce's latest profit warning being a case in point. It may just be the standard kitchen-sinking exercise after the company's new boss, Warren East, came in. Nonetheless, it should be noted how the company's stock dropped by 9%, twice the amount of its earnings downgrade for this year. That means the shares are now trading on just 13 times forward earnings, a discount to its long-term average of 15 times.
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The single currency retreated following news that Greeks had voted overwhelmingly against accepting international creditors' bail-out proposals. 7 hours ago
European basic resources took a hit on Tuesday, with the Stoxx Europe 600 index for the sector down 3.6% as metals prices dropped across the board. 9 hours ago
Aukett Swanke Group announced on Tuesday its chairman has purchased new shares in the company. 9 hours ago
Somero Enterprises said it is trading ahead of market expectations for the full-year ended 31 December 2015 thanks to trong activity levels in Noth America and the Middle East. 9 hours ago
A wave of selling hit all asset classes late on Tuesday as investors reacted to the impasse in Greece and growing worries over recent events in China's stock markets. 8 hours ago
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. 9 hours ago
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