Rolls-Royce wins £20m ship design order from Island Offshore
2nd Aug 2011 11:46
Power system colossus Rolls-Royce has bagged an order to design and supply power and propulsion systems for two of Island Offshore's supply vessels worth £20m. The deal not only involves the ship design but also includes a fully integrated and highly efficient diesel-electric power and propulsion
Read moreLondon close: Late rally lifts stocks
28th Jul 2011 16:41
Stocks finished in positive territory after a choppy day, with US economic data helping to spark a late rally. Weekly Initial jobless claims in the world's biggest economy fell below 400,000 for the first time since April and homes sales data also came in ahead of expectations. The rush of company
Read moreBroker tips: Rolls-Royce, Wolseley, Banks
28th Jul 2011 12:51
"Trading is now improving" at Rolls-Royce, according to RBS, which keeps its positive stance on the aerospace, power systems and defense group with a buy recommendation. "Our impression of the 1H11 result and the outlook comments is that Rolls-Royce is essentially on course," said analyst Sandy Mor
Read moreLondon midday: Stocks fall back after news flurry
28th Jul 2011 12:00
Stocks are in the red after this morning's splurge of company updates. Anglo-Dutch integrated oil company Royal Dutch Shell fell after it reported net income on a current cost of supplies (CCS) basis, excluding specific items, of $6.6bn, compared to $4.2bn in the second quarter of last year. The fi
Read moreBroker snap: Rolls-Royce on course, says RBS
28th Jul 2011 11:34
"Trading is now improving" at Rolls-Royce, according to RBS, which keeps its positive stance on the aerospace, power systems and defense group with a buy recommendation. "Our impression of the 1H11 result and the outlook comments is that Rolls-Royce is essentially on course," said analyst Sandy Mor
Read moreLondon open: Footsie opens lower after flurry of results
28th Jul 2011 08:34
After a flurry of company results this morning, the Footsie fell into the red. While investors digest the figures, in the back of their minds they are still fretting about the US debt ceiling negotiations, with the Republicans and Democrats set for a show-down later on today in the House of Represen
Read moreUPDATE: Record orders for Rolls-Royce in first half
28th Jul 2011 07:20
Rolls-Royce's shares edged higher on Thursday morning after the aerospace, power systems and defense group revealed record orders in the first half while profits jumped 28% to beat expectations, enabling it to up its payout to shareholders. Shares rose 0.78% to 646.50p at 11:25. Rolls-Royce report
Read moreCommission clears acquisition of Tognum and Bergen by Daimler and Rolls-Royce
25th Jul 2011 17:22
Car manufacturers Daimler and Rolls-Royce have been given the go-ahead by the European Commission to proceed with their proposed takeover of Tognum AG and Bergen. Norway based Bergen is already controlled by UK company Rolls-Royce, but seeks to undertake this joint venture with German car manufactu
Read moreColt boss buys on weakness
22nd Jul 2011 15:18
Colt chief executive Rakesh Bhasin took advantage of a sharp drop in the communications company's share price to buy a big stake. The firm, which used to be called City of London Communications, yesterday announced a revenue decline of 3.5% in the first half of the year, mainly driven by a decline
Read moreRolls-Royce wins anchor handling contract
14th Jul 2011 08:05
The contracts continue to roll in at Rolls-Royce, the engine developer, with the latest one being for deep water anchor handling vessels currently being built in Singapore. The contract is for £50m and has been awarded by Swire Pacific Offshore. Rolls-Royce will supply advanced anchor handling syst
Read moreTwo Ovoca directors sell shares totalling £1.84m
11th Jul 2011 17:25
Two companies controlled by board members of Ovoca Gold have cut their stakes in the Russia-focused gold miner in two transactions totalling £1.84m. On 8 July, Salyco Trading Company, a firm controlled by Ovoca's executive chairman Mikhail Mogutov, sold over 2.37m ordinary shares at a price of 40p
Read moreFTSE 100 movers: ICAP surges nearly 7%
29th Jun 2011 15:14
ICAP was the high riser of the day, gaining nearly 7% as of 15:18 on Wednesday afternoon. Shares in the world's largest interdealer broker were trading 31.4p higher at 467.9p, attempting to recover from its performance over the year to date. In mid-January, the share price was around the 560p level.
Read moreRolls-Royce wins order from Singapore Airlines
29th Jun 2011 14:28
It has been a busy June for new orders for Rolls-Royce but the month is not over yet and the power systems developer has managed to squeeze in another contract win, this time from Singapore Airlines. The UK engine designer is to supply Trent 700 engines to power 15 of Singapore Airlines' Airbus A33
Read moreFTSE 100 movers: Miners recover after yesterday's sell-off
24th Jun 2011 14:40
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Rolls-Royce is a high riser after it secured - along with Daimler - full control of
Read moreRolls-Royce and Daimler secure full control of Tognum
24th Jun 2011 10:27
Rolls-Royce and Daimler have secured full control German diesel engine-maker Tognum. The two companies want to take over Tognum to create a joint venture that will be a "leading industrial engine systems and solutions provider." They have now secured 94.17% shares in Tognum. Daimler's chief finan
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