Rolls-Royce takes over engine supplier RRPS for €2.43bn
26th Aug 2014 17:05
Rolls-Royce said on Tuesday it acquired the remaining half of Rolls-Royce Power Systems (RRPS) for €2.43bn. The engine supplier was previously jointly owned by Rolls-Royce and the motor company Daimler, which will remain as being an important partner in developing diesel engines. RRPS is headqua
Read moreLondon midday: Earnings come in mixed as investors watch US data, Fed
31st Jul 2014 12:04
- Shell, BG Group and Intu lead the risers - Weir, Schroders and Lloyds fall - Afren drops after suspending directors - US data and Fed keep investors cautious techMARK 2,763.54 -0.57% FTSE 100 6,763.04 -0.15% FTSE 250 15,495.73 -0.86% London stocks were trading in the red for a second straight da
Read moreLondon open: Stocks flat as investors digest corporate earnings
31st Jul 2014 09:15
- Lloyds falls despite H1 profit beat - Shell, BG, BT and Diageo rise after results - Weir and Rolls-Royce disappoint - US data and Fed in focus techMARK 2,771.22 -0.29% FTSE 100 6,777.11 +0.05% FTSE 250 15,521.52 -0.69% Another wave of corporate earnings was keeping investors busy on Thursday mor
Read moreRolls-Royce posts lower H1 profits but sees H2 improvement
31st Jul 2014 08:42
Jet engine maker Rolls-Royce reported a hit to half-year profits but it forecast a significant profit improvement in the second half. Rolls said the results reflected an expected reduction in its defence business and weaker trading in marine, as well as an adverse foreign exchange impact. Changes
Read moreAirbus super-jumbo order cancellation hits Rolls-Royce - UPDATE
29th Jul 2014 11:40
Airbus has cancelled a $2bn order with a customer for six of its A380 super-jumbos, triggering the loss of a £351m contract for British jet engine maker Rolls-Royce. The European aircraft maker terminated an order for six Airbus A380 aircraft from Skymark Airlines after the Japanese budget carrier
Read moreSunday newspaper round-up: Home Retail, strong pound, Lloyds Banking Group
27th Jul 2014 18:00
Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John Walden, who turned around Argos in the previous two years. Stronger sales and profitability at Homebase
Read moreRolls-Royce welcomes airline's order for Trent 7000-powered engines
23rd Jul 2014 10:50
FTSE 100-listed Rolls-Royce cheered the selection by Hawaiian Airlines of the Airbus A330-800neo, which is powered by its Trent 7000 engine. The six new aircraft will replace six A350-800 aircraft that the airline has on order. Eric Schulz, the President of Civil Large Engines at Rolls-Royce, sai
Read moreFARNBOROUGH ROUND-UP - Record orders lift air show spirits
21st Jul 2014 07:00
Aerospace and defence companies notched up a record $201bn of business at last week's Farnborough Air Show, striking a positive note for the industry despite recent turbulence. Analysts had expected a relatively quiet show, saying the focus would be on Airbus and Boeing to prove they could deliver
Read moreFTSE 100 movers: Meggitt leads risers on bid target rumours
16th Jul 2014 14:55
Aircraft parts maker Meggitt was the standout performer on the FTSE 100, up nearly 10% at 537p amid reports that the company is a potential bid target. The engineer, which makes parts for the Boeing 787 Dreamliner, is said to have attracted the attention of US group United Technologies. According t
Read moreSector movers: M&A, Farnborough lift aerospace and defence stocks
16th Jul 2014 14:47
M&A speculation and contract wins from the Farnborough Air Show were helping stocks in the aerospace and defence sector post solid gains on Wednesday. Aircraft components manufacturer and engineering group Meggitt was the standout performer in afternoon trade, up nearly 10% at 537p on the back of r
Read moreFARNBOROUGH - Rolls-Royce, Boeing and Airbus strike billion-dollar deals
16th Jul 2014 12:59
Airbus, Boeing and jet engine maker Rolls-Royce racked up orders totalling billions of dollars on the third day of the Farnborough Air Show. Rolls-Royce won a deal of undisclosed value from aircraft lessor CIT Group for Trent 7000 engines to power CIT's order of 15 Airbus new-engine A330-900neo fa
Read moreFTSE 100 movers: Sports Direct lifted by partnership deal
14th Jul 2014 15:36
Shares of Sports Direct were this afternoon's biggest risers after it was announced that the sportswear retailer has teamed up with MySale, the flash sale fashion retailer, to launch in Australia and New Zealand. Adding to the positive mood, the Sunday Times's Danny Fortson rejected opposition to M
Read moreLondon midday: Sports Direct, Shire lead UK stocks higher
14th Jul 2014 12:08
- Bargain-hunting gives UK stock markets a lift after recent falls - Sports Direct teams up with MySale to launch operations Down Under - Shire will to recommend revised AbbVie proposal techMARK 2,799.78 +0.63% FTSE 100 6,738.47 +0.72% FTSE 250 15,554.01 +0.66% Sports Direct and Shire were leading
Read moreLondon open: Shire leads UK stocks higher after recent sell-off
14th Jul 2014 09:06
- Shire willing to recommend revised AbbVie proposal - Rolls, IAG and easyJet rise on Farnsborough updates - Stocks continue to rebound after recent sell-off techMARK 2,796.76 +0.52% FTSE 100 6,720.42 +0.45% FTSE 250 15,534.75 +0.54% Easing concerns about peripheral debt in the Eurozone and strong
Read moreFARNBOROUGH - Rolls-Royce's Trent 7000 engine chosen for Airbus A330neo
14th Jul 2014 07:50
Rolls-Royce on Monday announced that Airbus, the European plane manufacturer, had selected the newly launched Trent 7000 engine as the exclusive engine for the new Airbus A330neo. The first engine test run for the Trent 7000 is planned for 2015 with certification expected in 2017, supporting an ai
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