Rolls-Royce wins LNG engine contract in Norway
24th Jul 2012 07:22
Power systems group Rolls-Royce has won a contract to supply liquefied natural gas (LNG) power and propulsion systems to two ferries being built in Norway. The significance of the contract, with ship operator Fjord Line, is that it will be the first time ferries have been built with LNG engines, wh
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreFriday tips round-up: Rolls-Royce, AB Foods, Britvic
13th Jul 2012 07:00
Garry White from the Questor column in The Telegraph has labelled engineering giant Rolls-Royce as a 'buy', following its recent wins at the Farnborough Airshow. "Questor likes the Rolls-Royce model because the company continues to make money out of its engines after they have been sold, through it
Read moreRolls-Royce on a roll
12th Jul 2012 11:13
Rolls-Royce has scored yet another contract in Farnborough Air how week, this time with Synergy Aerospace, a Brazil-based conglomerate. The UK power systems developer will provide Trent 700 engines and its Totalcare long-term engine service support package for nine Airbus A330 aircraft operated by
Read moreLondon pre-open: FTSE to fall on Fed concerns, Korea, Australia
12th Jul 2012 07:33
City sources predict the FTSE 100 will open down 29 points from yesterday's close of 5,664, as investors worry over whether the US Federal Reserve will increase stimulus after minutes from last month's meeting indicated that central bank judged that the economic situation would have to get worse for
Read moreGaruda Indonesia chooses Rolls-Royce again
12th Jul 2012 07:24
The Farnborough Air Show continues to generate new orders for power systems developer Rolls-Royce, with the latest contract coming from Garuda Indonesia Airlines. The airline has placed an order for Trent 700 engines to power 11 Airbus A330 aircraft. The order includes long-term service support. A
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
Read moreLondon midday: Footsie pares losses but still in the red
11th Jul 2012 11:33
- Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later The FTSE 100 had pared some of its earlier losses but was still trading firmly in the red by Wednesday lunchtime with a disappointing trading update from
Read moreLondon open: Burberry leads stocks lower
11th Jul 2012 08:46
- Burberry sinks after Q1 results - Sentiment dampened by US earnings - FOMC minutes eyes London's benchmark index sank in early trading on Wednesday, tracking losses in US and Asian markets overnight, with Burberry providing a drag after missing sales forecasts in its first quarter. "A series of
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreLondon pre-open: FTSE to track Asian stocks lower
11th Jul 2012 07:42
City sources predict the FTSE 100 will open down 22 points from yesterday's close of 5,664 tracking losses seen in both Asia and the US, pushed lower by a decision by Germany's highest court to delay a vote over whether or not participation in Europe's bailout fund is constitutional. Licensing re
Read moreRolls-Royce secures Trent 700 engine order
11th Jul 2012 07:07
Power systems group Rolls-Royce has won an order from Avianca (part of the AviancaTaca group) for Trent 700 engines to power four Airbus A330 freighter aircraft. The order, worth $280m at list prices, confirms a memorandum of understanding announced in November 2011. "The Trent 700 continues to be
Read moreN Brown CEO sells shares after exercising options
10th Jul 2012 16:17
Chief Executive of N Brown, Alan White, has sold 234,699 shares, post-exercise of options, just a week after the internet and catalogue home shopping company said sales were up. White, who joined the company in September 2002, earned himself £613,597 after selling the shares at 261.44p each. Th
Read moreRolls-Royce wins new contract
10th Jul 2012 15:02
Power systems and services provider Rolls-Royce has been selected by Cathay Pacific Airways to provide Trent XWB engines to power 10 Airbus A350-1000 aircraft. Under the contract the company will also provide long-term service support. In addition, the airline will convert 16 orders for Airbus A3
Read moreRolls-Royce launches Trent 1000-TEN For Boeing 787
10th Jul 2012 14:15
Rolls-Royce, the global power systems company, has unveiled the Trent 1000-TEN, an advanced version of its power plant which utilises proven next generation technology from the Trent XWB. The Trent 1000-TEN (Thrust, Efficiency and New technology) will provide an improvement of up to three per cent
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