SNR.L - Senior plc

FTSE 100 retreats after strongest two-day surge ever

London stock markets fell on Thursday after staging a robust recovery in the past two days as investors feared the incoming economic data will cement their worries of a sharp economic slump as the coronavirus crisis hits the entire world. After posting the biggest two-day percentage gain since the blue-chip index was launched in 1984, it dropped 2.6% as heavyweights such as British American Tobacco, Ferguson and Prudential traded without entitlement to its latest dividend pay-out.

UK engineer Senior scraps dividend amid coronavirus fallout

LIVE MARKETS-Gone, rebound, gone; Come, volatility, come

LIVE MARKETS-An S&P reminder about these Italian banks

You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London. Banking stocks are among the worst performers and, as usual, Italian banks are at the bottom of the banking index this morning.

MORNING BID-The promise of another stimulus fix

Brent futures are back above $50 a barrel, the U.S. 2-year/10-year yield curve is steepening again and bond yields are a touch higher. U.S. 10-year government bond yields collapsed to a record low of 1.11% on Friday and stand now at 1.1224%, while German yields are still around minus 0.6%. Market pricing for cuts to the Fed Funds rate is aggressive, with almost 100,bp of cuts priced in by the end of the year.

LIVE MARKETS-On the radar: Rheinmetall on the rise

You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London. Defence and automotive parts group Rheinmetall could be a top riser this morning after reporting record sales and operating profit. Finland's Nokia appointed Pekka Lundmark, CEO of energy group Fortum, as its new chief executive starting from Sept. 1, 2020.

Boeing supplier Senior predicts rough 2020, sees margins broadly lower

LIVE MARKETS-Closing snapshot: Where's your melt-up now?

* Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. To sum up two weeks of buy-side and sell-side research since the coronavirus started to seriously rattle global markets, let's just say that the SARS precedent doesn't actually tell us much about what to expect, and that we simply don't know how bad and deadly and hurtful to the world economy this epidemic could turn out to be.

LIVE MARKETS-Out with a bump: FTSE back to Dec. 12 levels

* Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Shaken by coronavirus fears which are rattling global markets, the FTSE 100 is down 1.3%, well below 7,300 points and roughly back to where it was before Boris Johnson's landslide on December 12 during which he promised to "get Brexit done".

LIVE MARKETS-Hated bulls seek love, any correction will do

* Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. European shares are set to end the first month of the decade down around 1%, the worst January performance since 2016.

LIVE MARKETS-Cracks in the 'bottoming up' narrative

* Spain's Caixabank falls, Banco Sabadell rises after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Not only did the bloc miss expectations but both France and Italy shocked investors with their GDP actually contracting in Q4. One of the rare glimpses of light in 2019 was the Gallic relative economic performance but there's fear that the social unrest against the pension reform has undermined that.

FTSE 100 dips, midcaps advance on Brexit day

Boeing supplier Senior warns of lower aerospace revenue, margins

Britain's Senior Plc, which makes parts including airframes and engine build-up tubes for Boeing Co's 737 MAX jets, said on Friday revenue and margins at its aerospace division will be lower in 2020 because of the MAX grounding. "With Boeing's temporary halt in production, the assumptions around reduced production rates and the slower ramp up, the board currently expects aerospace revenue in 2020 to be around 20% below 2019 levels, before returning to growth in 2021," Senior said in a statement.

Airbus flies to record highs after latest Boeing blow

UPDATE 2-UK shares weaken, Tullow loses half its market cap

London's exporter-heavy FTSE 100 inched lower on Monday as oil majors and Asia-exposed financials fell on China growth worries and as the pound strengthened, while a 72% slump in Tullow Oil single-handedly dragged down midcaps. The blue-chip index was gave up 0.1%, with its dollar earners including spirits company Diageo and pharmaceutical giant AstraZeneca taking a hit from gains in sterling ahead of UK general election later this week. The FTSE 250 midcap index was also down by the same level, with Tullow Oil recording its steepest one-day fall since early 2004 after the oil and gas explorer scrapped dividend and announced the exit of its CEO.

Engineer Senior explores sale of aerostructures unit