Investments and investor services
FTSE 100 closes in red as speculation swirls on August rate rise
The rise in sterling hit the dollar- earning constituents of the FTSE 100
Company
LON:CHG
Chemring is the world’s leading producer of expendable decoy countermeasures for protecting air, sea and land platforms against guided missile threats.
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Investments and investor services
The rise in sterling hit the dollar- earning constituents of the FTSE 100
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Markets are pricing in a 3% chance that the Bank of England will raise interest rates, making it "about half as likely as England winning the World Cup", said Hargreaves Lansdown
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The Week Ahead also includes updates from blue chips Ashtead Group and Ferguson, plus mid-cap housebuilder Berkley Group, and the latest Bank of England interest rate decision
Hardware & electrical equipment
Berenberg cut its target for the defence contractor to 1,300p from 1,550p and reiterated a ‘sell’ rating on the stock, noting a recent rally by the shares
Andrew Davies will join Carillion as its new boss in January
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The firm reported a statutory loss before tax of £6.8mln, an improvement on the £16.8mln loss at the same stage last year, while its underlying profits rose to £17.2mlm, up from £3.8mln.
The firm’s chairman, Alan Lewis said: “While we have received considerable support from shareholders on the proposed structure it is clear that for others concerns remain"
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Chemring’s chairman Carl-Peter Forster said: "We have been actively engaging with shareholders regarding long-term incentives for some time and, while we received majority support for the proposed revised approach, the Board believes that t
The broker sees rising defence spending for a decade
It could all be about to happen in Ghana's Tano Basin but it is looking a bit drab at Debenhams
payment processing firm had some long overdue good news, saying first quarter sales were strong and in line with expectations.
A deal to supply 40mm ammunition to a customer in the Middle East had now been giving the go ahead, and Chemring share shot higher.
Some of the major share price risers and fallers in London on Monday
The main share price movers in London today at 9.45am
Data did little to entice investors into buying, with third quarter GDP figures growing by only 0.5%.
Investments and investor services
Below are the main news-driven share price movements at 4.15pm.
Investments and investor services
Early deals were dominated by corporate news, with BP reporting a US$1.8bn profit for the third quarter.
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The £100mln order was expected to contribute this year, but has been pushed back to 2016.
Investments and investor services
Barclays Capital lifts its price target to 9000p for Next
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Flare maker says prolonged talks with Middle East countries delayed orders