BAE Systems buoy up FTSE

Defence giant BAE Systems fired the London market back above the 5700 threshold today as analysts warmed further to a major deal with Saudi Arabia.

BAE Systems buoy up FTSE
Fri, 06 Jan, 2006 - 12:45

Defence giant BAE Systems fired the London market back above the 5700 threshold today as analysts warmed further to a major deal with Saudi Arabia.

BAE Systems advanced 4% or 14.25p to 407.75p as brokers raised their target prices for the stock following the recent contract deal to provide its Eurofighter Typhoon jets to the desert kingdom.

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CourtsBusinessHeathrowPlace: LondonPlace: Saudi ArabiaPerson: George WimpeyOrganisation: BAE SystemsOrganisation: FTSEOrganisation: Dresdner Kleinwort WassersteinOrganisation: ITVOrganisation: BTOrganisation: XstrataOrganisation: JJB SportsOrganisation: Royal MailOrganisation: DX Services
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