Rolls-Royce announces £1bn share buyback
10th Dec 2014 08:09
Rolls-Royce Holdings on Wednesday announced a £1bn share buyback following the completion of the sale of its energy gas turbine and compressor business to Siemens. The aeroplane engine maker said the aim of the buyback is to reduce the issued share capital of the company. The purchases will be mana
Read moreRolls-Royce completes sale of Energy gas turbine and compressor business
1st Dec 2014 10:33
Rolls-Royce has completed a deal announced earlier this year to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration. The FTSE 100 group is planning to return the proceeds of the sale to shareholders by way of a £1bn share buyback. Shares in the company had
Read moreBroker tips: Rolls-Royce, BHP Billiton, Thomas Cook
28th Nov 2014 12:37
Investec has said that management at Rolls-Royce should take decisive action to repair investor confidence which has been "shattered" during 2014. "[The] significant share-price decline this year should be a catalyst for Rolls-Royce's board to reconsider the optimal strategy going forward," the brok
Read moreRolls-Royce's management needs a change in strategy, says Investec
28th Nov 2014 12:33
Investec has said that management at engine maker Rolls-Royce should take decisive action to repair investor confidence, which has been "shattered" during 2014. The stock has fallen by around 34% since the start of the year on the back of weaker trading, poor communication and a realisation that the
Read moreRolls-Royce lands two-year deal with US Marine Corps and Air Force
25th Nov 2014 13:30
Rolls-Royce has been awarded a two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets. The agreement, which is valued at up to $287m, will cover all V-22 aircraft across the Marine and Air Force fleets. The group is the sole engine provider for the
Read moreLondon pre-open: UK stocks to edge higher after record finish on Wall Street
21st Nov 2014 07:42
UK stocks are expected to open in positive territory on Friday following two days of losses, tracking gains on Wall Street as indices set new record highs. City sources predict the FTSE 100 will open 17 points higher than Thursday's close of 6,678.9. Both the Dow Jones Industrial Average and S&P 50
Read moreRolls-Royce confirms major Airbus orders from Delta Air Lines
20th Nov 2014 08:44
European aircraft maker Airbus has won a deal to supply 50 aircraft from Delta Air Lines, with Rolls Royce to supply engines and support worth $5bn. Rolls Royce confirmed late on Thursday that it had won the $5bn order for Trent engines and provision of its long-term TotalCare service support from D
Read moreLondon pre-open: Strong performance in Asia set to lift FTSE at opening bell
13th Nov 2014 07:30
A strong session in Asia overnight is expected to help lift sentiment in the UK on Thursday morning, with City sources predicting the FTSE 100 will open around 15 points higher than the previous day's close of 6,611.04. Overnight, data was released from both Japan and China, with the Nikkei jumping
Read moreRolls-Royce reiterates recently-downgraded guidance
13th Nov 2014 07:18
Engine maker Rolls-Royce has reiterated that its recently-downgraded guidance for growth remains unchanged, following the announcement last week that it would be cutting 2,600 jobs and accelerating its cost-cutting programme. The engineering group announced on 4 November that it would be incurring r
Read moreRolls-Royce lands contract with US Air Force worth more than $100m
12th Nov 2014 07:13
Rolls-Royce has been awarded a contract worth more than $100m by the US Air Force to purchase spare engines and parts for its C-130J fleet and to support so-called Foreign Military Sales (FMS) customers. Rolls-Royce AE 2100 engines power all C-130J aircraft in the US military and global fleets, whil
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreBroker tips: M&S, AB Foods, Rolls-Royce, Centamin
5th Nov 2014 12:53
Marks & Spencer's shares surged on Wednesday after the retailer impressed with a surprise increase in first-half profits, and while the market welcomed the bottom-line beat analysts raised concerns with a continued underperformance in clothing sales. Analysts at Numis Securities maintained a 'hold'
Read morePanmure Gordon downgrades Rolls-Royce to 'sell' after restructuring plans
5th Nov 2014 10:41
Panmure Gordon has downgraded Rolls-Royce from 'hold' to 'sell' after the engine maker announced plans on Tuesday to accelerate its cost-cutting programme with 2,600 job cuts over the next 18 months. "For us, this was just another profit warning, issued only a few days after the previous warning," s
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreLondon open: M&S, Meggitt lead UK stocks higher early on
5th Nov 2014 09:02
UK stocks rose on Wednesday as decent gains from Marks & Spencer, Meggitt, Tulllow Oil and AB Foods offset falls in the mining sector after yet more weak data from China. The FTSE 100 was trading 0.6% higher at 6,493 in morning trade. With the exception Japan's Nikkei index, Asian markets weaker ov
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