Rolls-Royce to upgrade engines for the US Air Force
7th Mar 2012 07:02
Power systems giant Rolls-Royce has announced that it will soon begin flight tests of an engine upgrade for the US Air Force's T56 turboprop engine, which is expected to deliver 'significant benefits' to the fleet of C-130H transport aircraft. The enhancements (Series 3.5 upgrade), which include "n
Read moreMurdoch's senior advisor ditches bucket load of shares
2nd Mar 2012 16:08
Arthur Siskind, senior advisor to News Corp. Chairman Rupert Murdoch, has ditched 120,000 shares in the firm. Siskind sold the shares at $20.26 each for a total of $2,431,200 on February 29th. The transaction came just one day before James Murdoch, son of media mogul Rupert Murdoch, quit his rol
Read moreLondon open: Moody's dampens sentiment early on
14th Feb 2012 08:55
- Moody's downgrades six nations, three ratings outlooks cut to negative. - Miners provide a drag in London. News that Moody's had downgraded its ratings on several Eurozone nations and revised its outlook on others, including the UK, weighed on the Footsie in early trading on Tuesday. Miners were
Read moreLondon pre-open: Moody's warning to hit FTSE 100
14th Feb 2012 07:29
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,906, following Moody's warning that a number of European countries, including Britain, could see their triple-A ratings slashed as a result of the increasing risks posed by the ongoing debt crisis in the region.
Read moreAir Pacific joins Rolls-Royce customer list
14th Feb 2012 07:12
Power systems developer Rolls-Royce has bagged a contract from Fiji's national airline, Air Pacific, a new customer for the UK company. The order, worth $210m at list prices, is for Trent 700 engines to power three Airbus A330 aircraft. jh
Read moreLondon close: Stocks rise on Greek deal and QE
9th Feb 2012 16:37
- Greek deal agreed, says PM's office. - BoE boosts QE by £50bn. - ECB keeps rates on hold. Stocks were given a boost in afternoon trade on news that Greek leaders had come to an agreement over an austerity package. However, gains were trimmed late on as investors began to assess the very limited d
Read moreFTSE 100 Movers: Tate and Lyle leaves sour taste
9th Feb 2012 12:41
It has been a busy day for results from FTSE 100 heavyweights and the reception for most of them was far from warm. Sweeteners manufacturer Tate & Lyle became the biggest faller among Footsie constituents after reporting a mixed performance in the third quarter, with subdued volume growth in severa
Read moreLondon midday: Stocks hold on to gains as BoE boosts QE
9th Feb 2012 11:45
- BoE boosts QE by £50bn. - Greek leaders clash heads over pensions. - Oil stocks provide a lift to the Footsie. The Footsie held on to moderate gains by lunchtime as the Bank of England announced further stimulus measures to boost the UK economy. Earlier optimism over a draft Greek deal seems to h
Read moreLondon open: Stocks rise after Greek draft deal
9th Feb 2012 08:19
- Stock nudge higher after Greece drafts agreement. - BG leads oil stocks higher. - Hagreaves, Rio, Rolls-Royce, British Land, Diageo, Tate & Lyle fall after updates. It was a cautious start for the Footsie as stocks edged higher in early trading after Greece's political leaders pushed through a dr
Read moreServices revenue drives Rolls-Royce
9th Feb 2012 07:32
2011 was a record breaking year on many fronts for Rolls-Royce, the power systems developer, but it thinks it can do better in 2012, with the Civil Aerospace division driving growth. "Rolls-Royce performed well in 2011, and at the year-end had a record order book, record underlying revenue and reco
Read moreSt Modwen's Oliver says 'More, please'
8th Feb 2012 15:18
With its full year results out of the way on Tuesday, directors at property regeneration specialist St Modwen wasted little time in diving into the market to buy shares in the fast rising stock. Construction Director Steve Burke built up his stake with the purchase of 35,904 shares at a cost of £54
Read moreMonday broker round-up - UPDATE
30th Jan 2012 08:57
Rio Tinto: Goldman Sachs upgrades from neutral to buy. Whitbread: Credit Suisse downgrades from outperform to neutral, 1,818p target maintained. Weir: Credit Suisse ups target from 2,200p to 2,275p, outperform rating kept. ARM Holdings: Nomura raises target from 570p to 580p, neutral recommendati
Read moreUltra Electronics wins Rolls-Royce contracts
26th Jan 2012 07:53
High-tech defence firm Ultra Electronics has announced further contract wins by both its Command & Control Systems business and its PMES business. The contracts, which have been awarded by Rolls-Royce and which have a combined value of just over £27m, are for the supply of Ultra's Reactor Control
Read moreRolls-Royce wins two Brazilian contracts
19th Jan 2012 07:12
Engine developer Rolls-Royce has won two contracts to design and equip seven vessels for a Brazilian ship-owning company. Navegação São Miguel is calling upon the UK company's services to fit out four oil spill recovery vessels and three bunker tankers, in a contract worth £23m to Rolls-Royce. The
Read moreRolls Royce non-exec tops up the tank
9th Jan 2012 16:32
Iain Conn, a non-executive director at global power systems company Rolls Royce has topped up his stake in the firm. The director, who joined the board in 2005, bought 325 shares at 792.5p each, in a purchase which follows a month of lucrative contract wins for the firm. In December the company wo
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