Rolls-Royce clinches contract with Etihad Airways
21st Jun 2011 12:45
Power systems colossus Rolls-Royce Group is set to soar the skies in the Middle East after clinching a contract with Etihad Airways to provide the airliner with long-term engine services and performance enhancement kits. The deal adds to the growing list of contract wins by Rolls-Royce since the o
Read moreRolls-Royce flying high on contract wins
20th Jun 2011 17:09
Rolls-Royce, the UK based engine manufacturer has won a $250m contract with China Southern Airlines. The deal will see Rolls-Royce providing engines to power 30 Airbus A320 aircraft in addition to a long term maintenance programme. The news comes on the same day as the opening of the Le Bourget In
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon midday: Stocks under pressure as euro saga drags on
20th Jun 2011 12:03
Stocks remain under pressure as the Greek debt situation continues to cast a shadow. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Among the fallers are Aggreko even after the temporary power
Read moreBodycote sprays market with Rolls-Royce deal
20th Jun 2011 10:51
Bodycote, the metals and alloys treatment company has signed a 10 year renewal agreement with Rolls-Royce. Bodycote has been working with the aerospace giant since the 1980s providing heat treatments, thermal spray coatings and electron beam welding to improve the efficiency and prolong the life of
Read moreLondon open: Stocks fall back again
20th Jun 2011 08:24
The top share index has started the week on the decline as the Greek debt crisis continues to rumble on. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Miners and financial stocks are dragging t
Read moreLondon pre-open: Back into reverse
20th Jun 2011 07:44
London's leading shares are set to start the week on a dull note with City traders predicting the Footsie will tumble back below the 5,700 mark, down by around 50 points. Temporary power and temperature control provider Aggreko saw an acceleration in the rate of underlying growth in the second quar
Read moreRolls-Royce to power longer-range Airbus craft
20th Jun 2011 07:25
Power systems colossus Rolls-Royce has bagged the contract to provide engines for an enhanced version of the Airbus A350-1000 aircraft. The new higher thrust version of Rolls-Royce's Trent XWB engine will deliver 97,000 pounds maximum thrust, the company said. The additional thrust will be achieved
Read moreLondon midday: Greek worries hit stocks
16th Jun 2011 12:16
Stocks are firmly under the cosh still as worries over the situation in Greece continue. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament today, as talks about a much needed rescue package from the EU continue to drag on. Despite all the worries though
Read moreLondon open: Shares dive as Greek crisis drags on
16th Jun 2011 08:33
Shares have taken a dive as the Greek debt crisis continues to set traders' nerves on edge and after US shares fell following some disappointing economic data from the world's biggest economy. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament today, as t
Read moreLondon pre-open: Footsie set to dip below 5700
16th Jun 2011 07:35
The market is still fretting about the situation in Greece and is set to open lower, with the top-share index predicted to open around 44 points lower, which would take it just below the 5,700 level. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament toda
Read moreRolls-Royce wins drilling vessels order
16th Jun 2011 07:07
Power systems behemoth Rolls-Royce has won orders worth more than £100m from a range of ship yards in Asia. The company will provide propulsion systems for offshore construction and drilling vessels being built for shop owners that include Sea Drill, Pacific Drilling, Noble, Ocean Rig and Pride. T
Read moreStobart's Alan Kelsey jumps aboard
8th Jun 2011 15:38
New Stobart director Alan Kelsey has wasted no time opening his account with the logistics giant, spending nearly £77,000 on shares. He took 55,000 shares at just under 140p a time. Kelsey, 62, joined Stobart last month. He has been corporate development director at the rail and bus group National
Read moreFTSE 100 movers: Glencore rises, Lloyds drops
6th Jun 2011 15:24
Glencore, the newly-listed commodity trading house, is the top riser, helped by Deutsche Bank issuing a 'buy' recommendation on the stock. Meanwhile, Lloyds Banking Group is heading the other way, trading at its levels not seen since last February, on the back of reports over the weekend that chief
Read moreRolls-Royce, Daimler report success in Tognum bid
6th Jun 2011 07:59
Rolls-Royce has announced that its public takeover offer - with car manufacturer Daimler - for German engineer Tognum has been successful, following the expiry of the acceptance period. The joint venture partners now hold a total of 59.87% of Tognum shares and are said to be "pleased with this conv
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