Wednesday newspaper round-up: Rolls-Royce, pay, Brexit, Qinetiq
30th Dec 2015 07:15
(ShareCast News) - Legislators are to meet Warren East to discuss his restructuring plans for Rolls-Royce, underlining the political sensitivities the new chief executive will have to navigate as he attempts to stabilise the UK's flagship engineering group after five profit warnings. More than 20 La
Read moreMonday newspaper round-up: Rolls-Royce, shoppers, steel, minimum wage
21st Dec 2015 07:17
(ShareCast News) - Warren East, Rolls-Royce's chief executive, has flagged new risks to the performance of the aerospace group's diesel engine business - the only division to have so far escaped a downgrade in the past five profit warnings. Speaking in an interview with the Financial Times, Mr East
Read more888 Holdings CFO offloads his stake
18th Dec 2015 14:47
(ShareCast News) - Two senior executives at 888 Holdings sold shares in the gaming company. Chief operating officer Itai Frieberger sold 350,000 shares at 181.30p, while chief financial officer Aviad Kobrine sold 500,204 shares at 180.91p and no longer has any interest in the company Meanwhile, Dav
Read moreFTSE 100 movers: Pearson drives blue-chips up on broker note
16th Dec 2015 14:06
(ShareCast News) - The FTSE 100 continued to rise on Wednesday, with the blue chip market up 65.57 points (1.09%) to 6,083.36 mid-afternoon. Pearson was the day's big winner after Exane BNP Paribas upgraded the educational publisher's stock to 'outperform' from 'neutral'. "Risks of further earnings
Read moreRolls-Royce cuts divisions, reshuffles management in first step of restructure
16th Dec 2015 07:12
(ShareCast News) - Rolls-Royce is splitting out its divisions and reshuffling its senior management team, in what it said is the first step in a "wide-ranging" restructuring programme. The FTSE 100 company said the current top-level Aerospace and Land & Sea divisional structure will end, leaving the
Read moreMonday newspaper round-up: Fosun, Rolls-Royce, RBS
14th Dec 2015 07:06
(ShareCast News) - Guo Guangchang, the Chinese tycoon caught up in Beijing's anti-corruption drive, has emerged in public for the first time after four days out of sight while assisting a judicial investigation. Mr Guo appeared on stage on Monday to address an annual internal conference of his compa
Read moreRolls-Royce reviewing request from activist investor to join board
13th Dec 2015 12:11
(ShareCast News) - Rolls-Royce is reviewing a request by activist investor ValueAct to take a seat on the engine-maker's board. The American investment company, which has accumulated a 10% stake in the bluechip, wants Rolls-Royce executives to focus on enhancing the performance of its main civil
Read moreBroker tips: Berkeley Group, Rolls Royce, Entertainment One
8th Dec 2015 15:50
(ShareCast News) - Analysts at Credit Suisse bumped up their target price for Berkeley Group Holdings after the company boosted its capital return programme, unveiled an increase in forward sales and management expressed confidence in the operating environment. The homebuilder comitted to returning
Read moreBernstein highlights rocky path to Rolls-Royce's turnaround
8th Dec 2015 13:28
(ShareCast News) - Bernstein downgraded Rolls-Royce to 'underperform' from 'market perform' and cut its price target to 515p from 602p. The bank noted that since early last year, it has had a negative view on the fundamentals of Rolls-Royce's businesses, particularly the ability of the civil aerospa
Read moreFTSE 100 movers: Reports Rolls-Royce reps to meet major shareholder
7th Dec 2015 14:09
(ShareCast News) - The FTSE 100 started the week in the green, up 14.06 points (0.23%) to 6,252.35 by mid-afternoon Monday. Rolls-Royce Holdings led the charge after a report from Sky News that senior representatives of American fund ValueAct will meet the president of Rolls-Royce's aerospace divisi
Read moreDefence stocks fired up by European security spending hopes
17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
Read moreSunday newspaper round-up: Paris reaction, banking fallout, HBOS, Rolls
15th Nov 2015 15:57
(ShareCast News) - Analysts and strategists have predicted European and Asian stock markets will fall sharply but not lead to a major crash on Monday amid fears that the terror attacks in Paris will hurt Europe's economic recovery. European markets are expected to lose 2% when trading begins, with t
Read moreRolls-Royce chief 'planning job cuts and restructuring'
15th Nov 2015 11:32
(ShareCast News) - Engineering giant Rolls Royce is planning to axe hundreds of middle-management jobs in a bid to cut costs in the wake of its fifth profit warning in two years. Chief executive Warren East is also believed to have decided against outsourcing or selling its plants. According to sou
Read moreFitch downgrades Rolls Royce outlook to negative after profit warning
13th Nov 2015 15:17
(ShareCast News) - Fitch Ratings downgraded its outlook on aerospace and engineering firm Rolls-Royce to 'negative' from 'stable' following the company's fourth profit warning in just over a year on Thursday. The credit ratings agency said the move reflected its view that RR's key financial metrics,
Read moreJP Morgan cuts target on Rolls Royce amid host of concerns
13th Nov 2015 13:02
(ShareCast News) - Rolls Royce's latest trading update created more uncertainty for investors in the opinion of JP Morgan and came on top of a host of concerns surrounding the outlook for the manufacturer. In its wake, the broker slashed its estimates for earnings per share in 2015-2018 by 4%, 36%,
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