Tuesday, 29th July 2014

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News & Reports

Rolls-Royce no longer due to supply services after order cancellation

Tue 29th Jul 14, 10:47

Natasha Roberts

Airbus has terminated an order for six Trent 900-powered Airbus A380 aircraft, for which Rolls-Royce had been due to supply its TotalCare services and support package.

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UBS drops despite profit beat

UBS traded down in European trading on Tuesday, despite reporting second quarter earnings that beat consensus. 1 hour ago

Russia sanctions to be stepped up by EU and US

The European Union and the US are poised to impose a new set of heavier sanctions on Russia that will include restrictions on certain sectors including banking and energy. 38 minutes ago

Mortgage lending picks up in June, but debt levels a concern

The fallout from the Mortgage Market Review (MMR) appears to be passing, economists said following the release of the latest statistics on personal and mortgage lending. 2 hours ago

Jardine Lloyd Thompson cautions about weaker insurance rates

Insurer and reinsurer Jardine Lloyd Thompson (JLT) has expressed caution about market conditions in the second half, after a robust performance in the first. 1 hour ago

Tesco and Morrisons hit as UK grocery market falls to decade low

The British grocery market hit its lowest growth rate for a decade as discounters took another bite out of Tesco and Morrisons' business. 2 hours ago

Tuesday broker round-up

Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold recommendation. Investec raises target price from 1630p to 1760p and keeps a hold recommendation. 2 hours ago

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