Investments and investor services
FTSE 100 finishes ahead on US-China optimism; Rightmove top gainer
The UK blue-chip benchmark finished around 27 points higher at 7,134
Company
Rotork PLC
LON:ROR
Rotork principal activities are the design, manufacture and support of actuators, systems and related products worldwide.The Company provides a range of products, systems and services for the motorization and manual operation of and adaption to industrial valves and dampers for isolation duty and process control applications.
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Rotork on track despite slowdown in order intake
Based on its performance to the end of October and anticipated shipments in the remaining two months of the year, Rotork expects to deliver a robust financial performance in 2018 and its expectations for the full year remain unchanged
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
RBC Capital ups Melrose to Top Pick in major review of UK engineering sector
In a note to clients, the Canadian bank’s analysts concluded: “We do not expect a major downturn, but even if there is one the recent sector sell-off has priced in a recession for many names in our coverage group”
Derwent London reports higher rental incomes as London's office rental market remains robust despite Brexit worries
The FTSE 250 real estate group reported net rental income in the first half had risen 1.6% to £80.6mln, however pre-tax profit for the period was down to £134mln from £145.8mln
Rotork interims boosted by deal wins
After April’s guidance upgrade, investors would’ve been expecting positive results, and indeed, Rotork revealed a stronger performance in all areas
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Other financials to take up the results mantle, with Standard Life Aberdeen and Hargreaves Lansdown due on Tuesday
Aside from the two financial blue chips, updates are also due on Tuesday from FTSE 100-listed InterContinental Hotels, and FTSE 250-listed Domino's Pizza
Morgan Stanley boosts IMI with upgrade to ‘overweight’ but blights Rotork with the reverse move
The US investment bank’s analysts pointed out that IMI “has overshot to the downside, with a derating driven by concerns on PowerGen, short cycle risks & Hydronic execution”
Exane BNP Paribas downgrade to ‘neutral’ knocks Weir Group shares lower
The French broker’s analysts said: “In the context of market share worries, we believe the risk/reward is not attractive enough to remain buyers (of Weir)”
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RBS first quarter results to be overshadowed by impending US mortgage mis-selling fine
Litigation and conduct costs have held back RBS from resuming dividend payments and returning to private ownership
Utilitywise shares rise as new customers drive revenue growth
A look at some of the biggest risers and fallers in London on Monday
Rotork shares jump as it lifts full year guidance after strong first quarter
Rotork lifted its forecast for full year revenues and margins after growth in the first quarter exceeded its expectations
Rotork shares weak as engineer expects currency headwind on revenues and profits
The FTSE 250-listed engineer said its 2017 pre-tax profits fell by 11.5% to £80.6mln, down from £91.1mln a year earlier, although revenue increased by 8.8% to £642.2mln
FTSE 100 closes 30 points ahead as Dow Jones turns negative
The UK premier index added 0.43% on the day, while FTSE 250 added over 123 points at 19,690.
Investments and investor services
Ashtead set for Hurricanes and tax cuts boost
Ashtead Group and JustEat are expected to be among the highlight names in Tuesday's agenda.
Rotork upgraded by HSBC, which sees more orders on back of oil price rise
"Relentless energy demand should act as the catalyst for increased energy infrastructure spend," said the bank
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
Banks higher ahead of next week’s stress tests results on FCA Libor support news
A look at some of the biggest risers and fallers today in London
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving