Sunday newspaper round-up: Pfizer, GlaxoSmithKline, Rolls-Royce
16th May 2021 12:25
(Sharecast News) - Pfizer's most senior UK executive has criticised the call to forgo patents on Covid vaccines, warning that it would lead to a global shortage of raw materials. Ben Osborn, who leads the American drugs giant in the UK, said an intellectual-property waiver was "not the answer". "We would see a very rapid short-term impact," he said. "It could allow any organisation to start procuring some of these basic raw materials across multiple countries." Osborn, 44, said it could even mean that existing vaccine manufacturers - which include Astra Zeneca and US biotech venture Moderna - would be unable to fulfil their obligations to deliver doses. - Sunday Times
Read moreRolls-Royce expects to turn cash-flow positive in second half
13th May 2021 07:00
(Sharecast News) - Rolls-Royce engines flew at 40% of 2019 levels in the first four months of this year as the company said it expected to turn cash-flow positive in the second half as airline travel recovered from the Covid pandemic.
Read moreThursday preview: US Producer prices, Rolls Royce in focus
12th May 2021 11:43
(Sharecast News) - Investors' focus on the US will continue to be trained on the US, where factory gate price data for April are due out.
Read moreEurope close: Travel and Leisure, Basic Resources names pace gains
26th Apr 2021 17:07
(Sharecast News) - European shares finished higher on Monday as investors prepared for a raft of major corporate earnings and data from the US this week.
Read moreGlobal military spending up 2.6% in 2020 despite pandemic
26th Apr 2021 10:27
(Sharecast News) - Global military expenditure rose by 2.6% to $1.98trn last year despite some defence funds being reallocated to fight the Covid-19 pandemic, the Stockholm International Peace Research Institute said in a report issued on Monday.
Read moreSunday newspaper round-up: Moderna, Asda, Summer holidays
28th Mar 2021 12:36
(Sharecast News) - A third coronavirus vaccine will start being administered in the UK next month, joining the Pfizer and AstraZeneca jabs already in use, the culture secretary, Oliver Dowden, has confirmed. Britain has ordered 17m doses of the Moderna vaccine, which has a 94% efficacy rate in trials, and Dowden said the first supplies were expected to arrive in April. - Guardian
Read moreNorway blocks Rolls-Royce sale of Bergen to Russia's TMH
23rd Mar 2021 11:57
(Sharecast News) - Rolls-Royce will seek help from the Norwegian government to "find another option" after the sale of its Bergen marine engine business to Russia's TMH Group was blocked by Norway on national security grounds.
Read moreJPMorgan upgrades Rolls-Royce, shares rally
17th Mar 2021 09:25
(Sharecast News) - Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to 'neutral' from 'underweight', highlighting four reasons behind the change, despite "major challenges".
Read moreBofA hikes target for Rolls Royce, says focus now on free cash flow
12th Mar 2021 12:31
(Sharecast News) - Analysts at Bank of America hiked their target price for shares of Rolls Royce from 55.0p to 80.0p in anticipation of stronger than previously expected free cash flow generation in 2022.
Read moreRolls-Royce sticks to cash flow target after £4bn loss
11th Mar 2021 07:02
(Sharecast News) - Rolls-Royce reported a £4bn annual loss that was worse than expected but stuck to its prediction that it would start to generate cash in the second half of 2021.
Read moreThursday preview: ECB rate decision, Rolls Royce in the spotlight
10th Mar 2021 12:16
(Sharecast News) - The focus on Thursday will shift to the European Central Bank, as the Governing Council meets to decide on policy.
Read moreSunday newspaper round-up: Greensill, Card Factory, ITV
7th Mar 2021 19:49
(Sharecast News) - Steel tycoon Sanjeev Gupta owes an estimated £4 billion to stricken Australian finance house Greensill and some of the world's biggest lenders. Analysis of the industrialist's spending and borrowing spree over several years reveals that he owes more than £3 billion alone to Greensill, the business that fuelled his growth spree but is now on the brink of administration. - Sunday Times
Read moreRolls-Royce hires ex-Deloitte partner Kakoullis as CFO
15th Feb 2021 07:02
(Sharecast News) - Rolls-Royce has hired former Deloitte partner Panos Kakoullis as chief financial officer to help steer the company through the crisis in the aviation industry.
Read moreThursday broker round-up
11th Feb 2021 14:18
(Sharecast News) - JD Wetherspoons: Peel Hunt downgrades to reduce with a target price of 1,150p.
Read moreRolls-Royce plans summer shutdown for jet engine plants
8th Feb 2021 07:27
(Sharecast News) - Rolls-Royce is closing temporarily its jet engine factories for two weeks this summer as it move to save cash amid the coronavirus pandemic.
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