Rolls-Royce appoints former Airbus exec Vittadini as new CTO
5th Oct 2021 11:11
(Sharecast News) - Engine maker Rolls-Royce said on Tuesday that former Airbus chief technology officer Grazia Vittadini will succeed Paul Stein in the role when he steps down next year after nearly 12 years.
Read moreSunday newspaper round-up: Rolls Royce, Food and fuel shortages, Morrisons
3rd Oct 2021 18:14
(Sharecast News) - Rolls Royce may be set to rake in "billions of pounds" worth of orders for miniature nuclear power stations from countries in Eastern Europe, the head of green investment fund IP3 said. The fund's boss, Mike Hewitt, told the newspaper that nations including Poland, the Czech Republic, Latvia, Hungary, Estonia, and Bulgaria all had aggressive plans to go nuclear. For its part, the company said it was talking to interested parties about export opportunities, including in Europe. It has also secured £210m of funding from the private sector for its small modular reactor programme in the UK. That will unlock the same amount of funds from the government with an announcement expected imminently. - Financial Mail on Sunday
Read moreRolls-Royce secures €1.5bn ITP Aero sale
27th Sep 2021 12:22
(Sharecast News) - Rolls-Royce on Monday said it had secured agreement to sell its ITP Aero division for around €1.7bn (£1.5bn) to Bain Capital Private Equity, which is leading a consortium of Spanish and Basque companies.
Read moreRolls-Royce wins £1.9bn B-52 engine contract
27th Sep 2021 07:27
(Sharecast News) - Aerospace engineer Rolls-Royce said it had won a £1.9bn deal to supply parts for the US Air Force's (USAF) fleet of B-52 bombers for the next 30 years.
Read moreBerenberg lifts Rolls-Royce price target on US travel boost
23rd Sep 2021 14:56
(Sharecast News) - Berenberg lifted its price target on engine maker Rolls-Royce to 160p from 150p on Thursday as it said the decision by the US this week to open its borders to vaccinated individuals is a positive step towards a more robust recovery in long-haul travel, which has lagged domestic travel markets.
Read moreTravel stocks jump as US set to relax rules for jabbed EU, UK passengers
20th Sep 2021 15:07
(Sharecast News) - Travel stocks surged on Monday afternoon as it emerged that vaccinated passengers will be able to travel to the US from the EU and UK from November onwards.
Read moreSunday newspaper round-up: Breast cancer, Food shortages, IAG
19th Sep 2021 14:30
(Sharecast News) - The trial of a new drug to treat an aggressive form of breast cancer has "shattered expectations" raising hopes of a "cure", according to its maker, AstraZeneca. The British pharmaceuticals company said three quarters of women in the trial of its new drug, Enhertu, had shown no progression in their disease after 12 months compared with just a third treated with a different medicine. - Sunday Times
Read moreRolls-Royce, Babcock sell stakes in Air Tanker Holdings
13th Sep 2021 07:06
(Sharecast News) - UK engine maker Rolls-Royce and defence engineer Babcock on Monday said they had sold their stakes in in AirTanker Holdings Limited to Equitix Investment Management.
Read moreSunday newspaper round-up: Ryanair, China's central bank, IAG
12th Sep 2021 13:47
(Sharecast News) - Ryanair boss Michael O'Leary has warned that airfares will be "dramatically higher" next summer as passengers rush to return to Europe for their holidays. The outspoken airline chief executive said huge demand for holidays would coincide with fewer flights, which would mean a spike in prices for holidaymakers - not just for flights, but also for hotels. - Sunday Times
Read moreSunday newspaper round-up: Melrose Industries, Rolls Royce, Flutter Entertainment
5th Sep 2021 17:18
(Sharecast News) - The boss of one of Britain's major engineering groups has urged ministers not to intervene in a flurry of US takeovers of British companies, saying the UK must protect its reputation as an open, trading economy. Simon Peckham, chief executive of the FTSE 100 giant Melrose Industries, said that rather than fretting over British corporate gems being owned by foreign buyers, the UK should be encouraging home-grown firms to buy up companies abroad. - Sunday Times
Read moreRolls-Royce's biggest investor calls for board revamp
31st Aug 2021 07:49
(Sharecast News) - Rolls-Royce's biggest investor has urged the engine maker's new chair to "refresh" the board as the company emerges from the aviation industry's worst crisis.
Read moreTuesday broker round-up
17th Aug 2021 14:02
(Sharecast News) - Future: ShoreCap stays at buy; Deutsche Bank keeps at buy and raises target price from 3,802.0p to 4,138.0p.
Read moreJPMorgan lifts Rolls-Royce price target, stays at 'neutral'
17th Aug 2021 08:42
(Sharecast News) - JPMorgan Cazenove upped its price target on engine maker Rolls-Royce to 130p from 105p on Tuesday, as it argued the shares could outperform on the back of higher consensus earnings per share estimates in the next few months, and the potential for the ITP disposal to be announced.
Read moreMonday broker round-up
16th Aug 2021 15:10
(Sharecast News) - Dalata Hotel Group: Berenberg keeps at buy but cuts target price from 440.0p to 400.0p.
Read moreRolls-Royce swings to small profit, maintains 2021 targets
5th Aug 2021 07:03
(Sharecast News) - Aircraft engine maker Rolls-Royce swung to an interim profit as it continued to cut costs and looked to turn cash-flow positive during the second half of the year.
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