London pre-open: FTSE set to edge marginally lower in early trade
11th Feb 2013 07:24
City sources predict the FTSE 100 will open down two points from Friday's close of 6,264, as investors try to determine whether the rally seen in UK markets since the start of the year has any more left in the pot. US stocks rose on Friday after unexpected data showed that the nation's trade defic
Read moreRolls-Royce awarded 97.3m dollar US Air Forces contract
11th Feb 2013 07:01
Defence and aerospace specialist Rolls Royce has been awarded a contract worth 97.3m pounds from the US Air Force. Under the MissionCare contract, Rolls Royce will provide sustainment services for the Rolls-Royce AE 2100 engines, as well as the nacelles and propellers on the US Air Force C-130J fle
Read moreRolls-Royce awarded certification for Airbus A350 engine
7th Feb 2013 12:35
FTSE 100-listed aerospace and defence giant Rolls Royce has been awarded engine type certification from the European Aviation Safety Agency for the Trent XWB that will power the Airbus A350 XWB aircraft. The certification represents the last major milestone prior to the first flight of the Airbus A
Read moreLondon pre-open: Slight drop expected on FTSE
25th Jan 2013 07:35
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,265, following a mixed picture in the US overnight. US markets ended the day very much mixed on Thursday, with the Dow Jones powering ahead in contrast to the NASDAQ, while the S&P 500 was flat, after hitting
Read moreRolls Royce installs turbine in HMS Queen Elizabeth
25th Jan 2013 07:00
Rolls Royce has completed the installation of the first MT30 gas turbines into the Royal Navy's new aircraft carrier HMS Queen Elizabeth. The company stated that two MT30s would be installed in each ship and would provide two thirds of the 109 megawatts needed to power the 65,000 tonne ships - enou
Read moreWednesday newspaper round-up: Barclays, Rolls-Royce, Bank of England...
23rd Jan 2013 06:59
Barclays is planning to offshore hundreds of roles at its troubled investment banking unit to India in a bid to cut costs, The Independent has learnt. The bank is understood to have dispatched a team to recruit and train new staff there to replace workers in both London and New York. Separately, the
Read moreBerkeley Non-Exec acquires stake in group
17th Jan 2013 16:59
Veronica Wadley, a Non-Executive Director of house builder group Berkeley, has bought stake in the firm with the acquisition of 2,200 shares. Purchased on behalf of her spouse, the shares cost 1,831p a time, giving a total cost of £40,282. The transaction marks her only stake in the firm. In D
Read moreLondon pre-open: Small decline expected on FTSE as Asian stocks fall
16th Jan 2013 07:33
City sources predict the FTSE 100 will open down 12 points from yesterday's close of 6,117, tracking declines seen in Asia overnight. Both the Dow Jones Industrials and S&P 500 indices were up at the close of US trading on Tuesday after a late-day rally in a number of US stocks following encouragi
Read moreRolls-Royce wins 75m dollar contract in China
16th Jan 2013 07:07
Global power systems company Rolls-Royce has secured a 75m dollar contract to supply PetroChina with equipment and related services to power the flow of natural gas through the world's longest pipeline. Rolls-Royce will supply PetroChina with an additional six RB211-driven pipeline compressor units
Read moreMonday newspaper round-up: AstraZeneca, North Sea jobs, Glaxo...
14th Jan 2013 06:56
The Science Minister has lobbied the NHS to increase its use of an AstraZeneca heart medicine, amid mounting political concern about the drugs company's commitment to British jobs. David Willetts has urged health officials to accelerate the uptake of Brilique, a blood thinner used to treat patients
Read moreRolls-Royce opens first service delivery centre at RAF base
11th Jan 2013 16:43
Rolls-Royce on Friday opened its first service delivery centre to support military engines at the Royal Air Force (RAF) base at Marham in Norfolk, UK. The global power systems company said the facility was opened by Air Chief Marshal, Sir Stephen Dalton, and Rolls-Royce Chief Executive Officer, Joh
Read moreLord Gold to head up compliance review at Rolls-Royce
10th Jan 2013 08:36
FTSE 100-listed aerospace and defence giant Rolls-Royce has announced that Lord Gold will lead a review of its compliance procedures. The announcement follows a previous statement issued by Rolls-Royce in December disclosing that it had provided information to the Serious Fraud Office relating to c
Read moreChairman and CEO of Mediterranean Oil & Gas stock up
9th Jan 2013 16:15
Both the Chairman and Chief Executive of Mediterranean Oil & Gas (MOG) increased their holdings in the company on Tuesday, one day after it said it was 'pleased' with its production activities in Italy last year, setting the stage for a strong 2013. CEO William Higgs purchased 200,000 shares at 10
Read moreLondon open: Markets flat ahead of Eurozone data
8th Jan 2013 08:24
UK stocks opened flat on Tuesday morning ahead of some key economic indicators from the Eurozone. On today's agenda, there will be unemployment figures in Italy, German factory orders as well as consumer confidence, jobless and retail sales data for the Eurozone as a whole. Market analyst Craig E
Read moreRolls-Royce expands nuclear services operations with acquisition
8th Jan 2013 07:57
Power systems giant Rolls-Royce has acquired American business PKMJ Technical Services in an attempt to accelerate growth in the important nuclear services market. The acquisition, for an undisclosed amount, "represents another significant step towards growing our global civil nuclear business and
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