Rolls-Royce wins engine contract with TUI Travel
19th Sep 2011 07:04
Travel company TUI Travel has chosen power systems giant Rolls-Royce to provide Trent 700 engines to power two Airbus A330 aircraft, due in 2012. Corsairfly, a TUI subsidiary, will operate the aircraft which will be covered by Rolls-Royce's TotalCare aftersales service. "The Trent 700 has already
Read moreRolls-Royce receives engine order from new customer
15th Sep 2011 09:45
Rolls-Royce bagged a new customer on Thursday, after Japanese airline Skymark Airlines selected its Trent 900 engines to power six Airbus A380 aircraft. "Skymark will benefit from the commitment of Rolls-Royce to continually improve the performance and dependability of its engines. The Trent 900s i
Read moreRolls-Royce to go nuclear in Russia
12th Sep 2011 15:27
Rolls-Royce, one of the few remaining powerhouses of UK manufacturing, is to collaborate with Russian state-owned atomic energy corporation, Rosatom, in the area of civil nuclear power. Sir Simon Robertson, the Chairman of the UK power systems developer, said: "I believe that this collaboration wil
Read moreMonday newspaper round-up: ICB, Germany v Greece, Cameron in Russia, whisky exports
12th Sep 2011 06:48
The most sweeping changes to British banking for a generation will land on financiers' desks this morning when a government-appointed taskforce delivers proposals for structural reforms that will be vigorously fought by the City. In a plan to defuse any future financial crisis that is set to be broa
Read moreFriday tips round-up: Restaurant Group, Hargreaves Lansdown, Hays
2nd Sep 2011 06:48
Restaurant Group operates the Frankie & Benny's, Chiquito and Garfunkel's brands. It showed good form in the half year to early July, growing adjusted pre-tax profits by 7.7 per cent to £24.6m. The group also grew its sales on outlets open at least a year by 3%, adding it had continued this momentum
Read moreLondon close: Stocks close higher after choppy day
1st Sep 2011 16:39
The FTSE 100 finished in the blue having flitted between positive and negative territory for much of the day. Wealth manager Hargreaves Lansdown was the star performer after its results. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividen
Read moreLondon midday: FTSE 100 falls but RBS leads banking surge
1st Sep 2011 12:30
London's leading share index has drifted into the red following strong gains earlier in the week, but there are still some notable risers. Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its div
Read moreLondon open: Miners drag Footsie lower
1st Sep 2011 08:30
The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers. Sector pe
Read moreRolls-Royce grows nuclear business with US acquisition
1st Sep 2011 07:27
FTSE 100 power systems titan Rolls-Royce has bought US civil nuclear reactor services firm R Brooks Associates for an undisclosed sum, in an effort to grow its civil nuclear business. "Rolls-Royce has 50-years expertise in developing technically-advanced inspection, repair and refurbishment solutio
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreLondon midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreLondon open: Bwin, 888 lead the rise
31st Aug 2011 08:48
The Footsie edged higher in early trading on the back of a rally in New York last night after minutes from the last meeting of the Federal Reserve showed policymakers considered stimulus measures to kickstart the world's biggest economy. In London, online gaming firm bwin.party surged higher on the
Read moreBroker tips: Schroders, Rolls-Royce, Hunting
8th Aug 2011 12:17
Singer Capital Markets has upgraded its rating on global asset management firm Schroders from fair value to buy, saying that the recent sell-off has "presented an opportunity to invest in a strong business for those with long enough time horizons." However, while the group's interim results were in
Read moreBroker snap: UBS upgrades Rolls-Royce to neutral
8th Aug 2011 11:04
UBS has upgraded power systems giant Rolls-Royce from sell to neutral following the recent decline in the share price. However, the broker warned that risks remain for offshore engineers (OE): "Despite recent orders (most of which are for delivery post-2012), we continue to believe that there is a
Read moreRolls-Royce wins £50m contract
4th Aug 2011 09:30
Global power systems company Rolls-Royce has won a £50m contract to design and equip two anchor handling vessels for Norwegian company Farstad Shipping. The vessels will be built at STX OSV Langsten yard in Norway, with delivery between April and June 2013. The order includes a fully integrated eq
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