Rolls-Royce to cut 800 jobs as it accelerates marine business transformation
1st Dec 2016 10:35
(ShareCast News) - Aerospace and defence group Rolls-Royce plans to cut around 800 jobs worldwide to make savings in its marine business. The company announced plans to accelerate the transformation of its marine business due to continuing weakness in the maritime market. Planned measures include a
Read moreEmirates unhappy with Rolls Royce over A380 engines - report
18th Nov 2016 14:44
(ShareCast News) - Long haul airline Emirates said it was unhappy with performance shortfalls afflicting $6.1bn's worth of Rolls-Royce engines ordered to power a batch of 50 Airbus Group SE A380 superjumbos, Bloomberg reported. Feedback on the Trent 900 engines indicated "technical issues" that nee
Read moreRolls-Royce says 2016 outlook unchanged
16th Nov 2016 07:04
(ShareCast News) - Rolls-Royce said said its outlook for 2016 remained unchanged for revenue, profit and cash. The company said it would benefit from weaker sterling and life cycle cost reductions which would more than offset higher engineering and programme costs in its civil aerospace unit. Rolls
Read moreSector movers: Banks lead gains as strategists raise US yield forecasts
14th Nov 2016 14:40
(ShareCast News) - Shares in banks and life insurance outfits continued to pace gains as Treasury yields kept moving higher in the States on expectations for a fiscal spending boost under the new Administration, pulling interest rates across the globe up with them. For the most part, analysts app
Read moreLegal & General buys out Vickers pension scheme from Rolls-Royce
14th Nov 2016 07:05
(ShareCast News) - Legal & General said its retirement sales had risen by roughly £1.3bn in the last month and a half, boosted by the new £1.1bn buyout of a pension scheme from Rolls-Royce. Total retirement sales in the year to date have risen to £6.7bn, up from £5.4bn towards the end of September,
Read moreSector movers: Stocks rattled by US political uncertainty
4th Nov 2016 15:37
(ShareCast News) - Political uncertainty was the main driver behind share price movements on either side of the Atlantic at the weekend. Stateside, a tracking poll from Real Clear Politics showed the Democratic party presidential hopeful holding on to a slim 1.7 percentage poll lead over her main ri
Read moreWednesday broker round-up
2nd Nov 2016 11:59
(ShareCast News) - Lancashire: JP Morgan keeps at neutral with a target price of 595p. Rolls Royce: UBS stays at neutral, 800p target. Rio Tinto: Barclays reiterates overweight with a 3200p target. Derwent London: Goldnman Sachs reiterates buy with a 3035p target. TUI AG: UBS reiterates buy with
Read moreRolls-Royce nabs Andreas Schell from UTC
2nd Nov 2016 07:39
(ShareCast News) - Rolls-Royce announced on Wednesday that Andreas Schell has been appointed as chief executive officer of Rolls-Royce Power Systems. The FTSE 100 engineering giant said Schell will join Rolls-Royce later this year, reporting to chief executive Warren East, and take up his new positi
Read moreTuesday newspaper round-up: Rolls-Royce, Carney, new bank probe
1st Nov 2016 07:00
(ShareCast News) - Rolls-Royce, Britain's leading manufacturing multinational, hired a network of agents to help it land lucrative contracts in at least 12 different countries around the world, sometimes allegedly using bribes. An investigation by the Guardian and the BBC has uncovered leaked docume
Read moreMonday newspaper round-up: Barclays, Deutsche Bank, BAE, PPI provisions
24th Oct 2016 07:05
(ShareCast News) - Barclays is locked in negotiations with its African subsidiary about the details of their divorce, which analysts estimate could cost the British bank as much as £1bn. Having announced in March that it planned to sell down its controlling stake in its Johannesburg-listed African o
Read moreMonday broker round-up
10th Oct 2016 13:30
(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p. BP: Barclays reiterates overweight, 600p target. Lloyds: Citigroup keeps at sell with a 48p target. Unilever: Jefferies reiterates hold with a 3530p target. Royal Dutch Shell: Barclays keeps at overweight
Read moreBroker tips: Rolls-Royce, SSP, easyJet
10th Oct 2016 10:19
(ShareCast News) - Rolls-Royce got a boost on Monday after JPMorgan Cazenove upgraded its price target on the stock to 890p from 835p as it took a look at the UK aerospace and defence sector. The bank said it was updating its earnings per share estimates, mostly for the recent strengthening of the d
Read moreRolls-Royce boosted as JPMorgan says it's biggest FX winner in sector
10th Oct 2016 09:33
(ShareCast News) - Rolls-Royce got a boost on Monday after JPMorgan Cazenove upgraded its price target on the stock to 890p from 835p as it took a look at the UK aerospace and defence sector. The bank said it was updating its earnings per share estimates, mostly for the recent strengthening of the d
Read moreRolls-Royce poaches Daily Mail CFO Daintith
22nd Sep 2016 07:05
(ShareCast News) - Engine maker Rolls-Royce has poached Stephen Daintith from the Daily Mail & General Trust (DMGT) to be its new chief financial officer. He will replace David Smith in the new year, who is leaving the FTSE 100-listed company after three years to pursue other business interests.
Read moreMonday newspaper round-up: Brexit warning, US trade deal, Rolls, LSE
19th Sep 2016 06:50
(ShareCast News) - The City would lose a key power that makes it a global financial hub under a "hard Brexit" scenario, the head of the German central bank has warned. Britain would be stripped of the right to authorise banks and other finance companies to operate across the remaining 27 European Un
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