BAE shares rise on Saudi deal report
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Shares in BAE Systems PLC, Europe's largest defense contractor, rose Friday after a report that it is close to sealing a $40.4 billion) deal with Saudi Arabia for 20 Eurofighter Typhoon aircraft next week.
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British defence firm BAE denied a news report on Thursday that it had secretly paid a Saudi Arabian prince more than one billion pounds in connection with Britain&#39;s biggest weapons deal.
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British Airways shares rise 4% after Merrill Lynch says Heathrow's new Terminal Five will boost the airline.
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Secret payments worth millions of pounds (euros/dollars) from British defence group BAE Systems have been found in the Swiss bank accounts of Syrian-born Saudi arms dealer Wafic Said, a report said.
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Defense contractor BAE Systems PLC reported a 28 percent gain in first-half net profit Wednesday, with a boost from its expanding operations in the United States.
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British defence firm BAE Systems will next week clinch a 20-billion-pound (29.5 billion euro, 40.4 billion dollar) deal to supply 72 Eurofighter Typhoon jets to Saudi Arabia, a report said Friday.
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Shares in Airbus parent EADS rose Wednesday as reports that the Russian bank Vneshtorgbank had bought more than 4 percent of the company went unchallenged for a second day.
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LONDON : The British defence and aerospace giant BAE Systems posted an 18 percent rise in interim headline profits on the back of a strong performance in North America and by airplane maker Airbus.
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European stock markets have hit their highest levels for more than five years, after a record overnight performance on Wall Street, with London gains underscored by BAE Systems.
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Shares in Manchester United Plc rose 3.1 percent after a newspaper report yesterday said the soccer club&#39;s two biggest investors may sell their stake to billionaire Malcolm Glazer for 310 pence ($5.
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The British arms firm BAE has been given approval by US regulators to go ahead with a Â£2bn takeover of an American military company.
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BAE Systems was a leading gainer on Friday as JPMorgan said the market had underestimated the potential benefits from the burgeoning market for blast-proof military vehicles.
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UK stocks advanced, paced by British Airways Plc after the airline averted a strike by some of its staff. Rentokil Initial Plc, the world&#39;s biggest pest control business, gained after
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Oil prices climbed above &#36;41 a barrel on Monday after Saudi Arabia cut January crude deliveries to clients in Asia, confirming that the top exporter was adhering to OPEC's agreement last week to curb excess supply.
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British defence company BAE Systems said on Thursday that net profits almost tripled in 2006 after the sale of its 20-percent holding in troubled European aircraft maker Airbus to parent aerospace group EADS.
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British defense firm BAE Systems has agreed to pay $600 million (333.7 million pounds) for DigitalNet Holdings, a maker of secure Pentagon computer networks, the companies say in a weekend statement.
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BAE Systems  is optimistic about the future of its business with Saudi Arabia, a senior manager said on Saturday, despite reports that the key customer had suspended talks over a multi-billion-pound arms deal.