Telecoms, engines and energy

The FTSE 100 slipped back in early trading after Friday's solid gains and ahead of today's key UK manufacturing data. US markets ended the week higher, while Asian bourses were mixed.

“Telecom giant BT (LSE:BT.A) had a very strong third quarter ‘capturing’ 71% of the UK’s new broadband customers,” says AJ Bell Investment Director Russ Mould.

“BT is in a buoyant mood following the acquisition of mobile network operator EE but one cloud on the horizon is whether it might be forced to sell Openreach, the unit which connects homes to the internet. Ofcom is expected to report soon amid criticism that BT has not invested enough in that part of its service. The latest figures underscore the importance of Openreach to the group’s growth.

“Rolls-Royce (LSE:RR.) shares were up in early trading after the group clinched a $2.7bn order for Trent engines for 19 new Boeing 787 Dreamliner aircraft for Norwegian. The order also includes ‘TotalCare’ for Trent 1000 engines that will power 11 previously-announced leased Boeing 787s yet to enter service. . 

“Nighthawk Energy (LSE:HAWK) made early gains despite output falling 7.3% in 2015 as the group expects revenues to be significantly higher than market forecasts.”

Monday 1 February 2016

These articles are for information purposes only and are not a personal recommendation or advice.