Rolls-Royce sells energy turbine business to Siemens for 0.8bn pounds
7th May 2014 06:46
Engine maker Rolls-Royce has announced that it is selling its energy gas turbine and compressor business to German engineering group Siemens. The unit, which supplies aero-derivative gas turbines, compressor systems and related services to customers in the oil and gas and power generation sectors,
Read moreWeir and Rolls-Royce sign partnership deal to develop power systems
6th May 2014 15:29
Weir Group and the Rolls-Royce Power Systems company MTU have signed an agreement to develop power systems specifically engineered for hydraulic fracturing. Weir explained the resulting system will be used for hydraulic fracking operations during the well completion stage of shale oil and gas proje
Read moreFTSE 100 movers: Lloyds takes top spot after strong Q1, TSB float
1st May 2014 14:32
Domestic lender Lloyds rose into the top spot after saying that underlying profits rose by over a fifth in the first quarter and it continues to expect to apply to regulators in the second half to restart dividend payments. That came as it announced TSB bank is due to float in London before the end
Read moreLondon midday: Lloyds leads UK markets to two-month high
1st May 2014 11:34
- Lloyds, BSkyB, BG Group and Schroders gain - UK manufacturing activity at five-month high - Fed sticks with taper despite weak Q1 growth techMARK 2,774.45 -0.22% FTSE 100 6,797.46 +0.26% FTSE 250 15,812.19 -0.03% Well-received updates from Lloyds, BSkyB, BG Group and Schroders and upbeat UK manu
Read moreLondon open: FTSE 100 above 6,800 as Fed continues to taper
1st May 2014 08:39
- Markets at highest since March 4th - Fed sticks with taper - Plenty of economic data due out - BSkyB, Lloyds, BG Group and Schroders gain techMARK 2,785.17 +0.17% FTSE 100 6,805.94 +0.38% FTSE 250 15,928.81 +0.71% The FTSE 100 surpassed the 6,800 mark in early trading on Thursday, a level not se
Read moreRolls-Royce says profits hit by currency headwinds and marine charge
1st May 2014 07:55
Rolls-Royce confirmed full-year revenues and profits are likely to be hit by foreign exchange headwinds with underlying results flat, and is confident growth will return in 2015. The FTSE 100 engine maker said underlying first-half figures will exclude adverse foreign exchange translation effects
Read moreLondon midday: Stocks rise but markets cautious ahead of Fed decision
30th Apr 2014 11:53
- Markets cautious ahead of FOMC outcome - Eurozone inflation picks up but misses consensus - Heritage Oil jumps on takeover offer - Shell and Tullow lead markets higher techMARK 2,775.59 -0.56% FTSE 100 6,776.83 +0.10% FTSE 250 15,813.39 -0.52% UK stocks were trading slightly higher on Wednesday
Read moreLondon open: Stocks pause at eight-week high ahead of FOMC
30th Apr 2014 09:20
- Stocks pause at highest since March 6th - FOMC meeting, economic data in focus today - Heritage Oil receives takeover offer - Shell, Tullow and Next rise after updates techMARK 2,781.52 -0.35% FTSE 100 6,774.00 +0.06% FTSE 250 15,872.51 -0.15% UK stocks opened broadly flat on Wednesday morning a
Read moreLondon pre-open: Lower start predicted for FTSE
30th Apr 2014 07:14
The City is expected to slide lower early on following yesterday's rise as investors gear up for another busy day of corporate earnings and economic data, both from home and abroad. City sources predict the FTSE 100 will open around 24 points below yesterday's close of 6,769.91. This was despite
Read moreRolls-Royce in talks to sell energy assets to Siemens
30th Apr 2014 07:03
Power systems group Rolls-Royce has confirmed media speculation that it is in talks with German engineer Siemens about the possible sale of its energy gas turbine and compressor division. The unit supplies aero-derivative gas turbines, compressor systems and related services to customers in the oil
Read moreRolls-Royce wins order for 11 Trent engines
23rd Apr 2014 14:05
Rolls-Royce has taken on Azul Brazilian Airlines as a new customer after it announced it would begin operating 11 Trent-powered Airbus aircraft. The deal was signed along $400m-worth of engine service support which will increase the group's order book by $100m. Azul will operate six Airbus A330-
Read moreLondon midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreRolls-Royce wins engine service contract with US military
23rd Apr 2014 07:00
Power systems giant Rolls-Royce has won a contract to service AE 1107C engines for V-22 aircraft operated by the US Marine Corps and Air Force. The contract, worth $39m, will see the company provide its MissionCare services, which include repairs and general engine support. The work will be carrie
Read moreRolls-Royce agrees valuation to sell JV stake to Daimler
16th Apr 2014 11:09
Rolls-Royce and Daimler have agreed on the value that Daimler will sell its 50 per cent stake in the pair's power systems joint venture. Both parties agree the fair market value of Daimler's half of Rolls-Royce Power Systems (RRPS) was worth €2.43bn, meaning the transaction is expected to complete
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