Engineering firm's shares slip 3% after Singapore Airlines withdraws three of its A380 superjumbos from service
(Reuters Breakingviews) - Rolls-Royce investors are keeping their seat belt fastened despite the promise of an increasingly smooth journey. The British plane engine-maker aims to generate 1 pound of free cash flow per share over the mid-term, quadruple this year’s estimate. Despite the bullish new target, shareholders don’t look to be pricing it in fully. A distant horizon and history of one-off costs suggest why.
Rolls-Royce expects full year underlying profit growth to be slightly lower than its prior forecast, blaming engine failure incident on a Qantas A380 super-jumbo flight last week.
Its shares have rebounded after the Qantas explosion, but will Rolls-Royce emerge totally unscathed?
The FTSE 100 broke a two-day sellof driven by more pandemic restrictions, with nearly every sector rising, including hard-hit leisure and travel stocks.
Britain's top equity index wasset to post its biggest daily gain since April on Monday, helpedby rises in bid-target drugs firm Shire and retailerSports Direct.
* Wizz Air leaps on positive earnings update (Adds company news items, updates to closing prices)
* Wizz Air leaps on positive earnings update (Adds company news items, updates to closing prices)
Engine maker insists Dreamliner not affected by fault while shares rebound by 2.7% despite setbacks
Boeing's first long-term deal involving engine components supports drive for organic aftermarket growth.
787 deliveries may be delayed while Boeing inspects for wing cracks
Q: I have a ’69 Skyhawk with 2,500 hours on the engine. Good compression, no metal, one quart oil burn every eight hours. Should I get a top overhaul or a complete engine overhaul or just kee…
General Electric Co. and Boeing Co. have alerted airlines about a potential problem with engines on Boeing's long-range 777 jumbo jet that caused the engines to shut in mid-flight twice this year.
Airbus is taking another €158 million charge linked to the costs associated with wing component cracking on its A380s. That comes on top of a €105 million charge taken in March against 2011 results because of the same problem.
The engine is capable of producing 100,000 pounds of thrust.
Profits jump at Australian airline Qantas, despite the cost of having to ground its A380 planes last year following engine problems.
GE’s Passport engine for the Bombardier Global 7000 and 8000 remains on track for certification next year.
The chief executive of Rolls-Royce , which is under pressure to fix problems with its Trent 1000 engines, said that so far those issues did not extend to its other engines, the Trent XWB and the Trent 7000.
Japanese airline ANA plans to replace all the engines in its Boeing 787 Dreamliner planes after irregularities caused it to cancel flights.
General Electric Co andBoeing Co have alerted airlines about a potential problemwith engines on Boeing's long-range 777 jumbo jet that causedthe engines to shut in mid-flight twice this year.
Boeing is preparing the first 787-9 for initial ground tests following a low-key roll out event at the company’s Everett, Wash., facility on Aug. 24.
Here’s one thing to listen for when a Boeing 787-9 flies over Seafair Sunday: how much quieter it will be than the Super Hornets of the Blue Angels.
Qantas Airways Ltd. must turn over the passenger list of a 2010 flight to an employee who is suing Rolls-Royce Holdings Plc over an engine explosion on that trip, a judge ruled.
The FAA tomorrow will issue a final airworthiness directive requiring operators of 11 General Electric GEnx turbofan engines to perform ultrasonic inspections of the two-spool engines every 90 days. Although the AD also calls for U.S. operators to perform the inspections “before further flight,” GE reported that as of Sept. 18, all GEnx-1B and GEnx-2B engines in operational service had been inspected. (Photo: Boeing)
Last year has been a significant one for SAF (sustainable aviation fuel) development, from the U.S. government’s “SAF Grand Challenge,” to huge SAF purchases from major airlines and several tests using this alternative fuel. This year is already looking like it’s going to be just as exciting, if not more, with additional SAF testing.
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European Aviation Safety Authority orders airlines to re-examine Rolls-Royce Trent 900 engines
Shares of engine manufacturer Rolls-Royce dip over gearbox problem
Qantas resumed flying two of its six A380s on November 26, after replacing some of their Rolls-Royce Trent 900 engines.
ATSB Releases Preliminary Report into Blowout That Caused a Qantas A380 to Make a Nov. 4 Emergency Landing
Safety Body Warns Carriers to Ground Planes with Rolls-Royce Engines Showing Oil Leaks after Qantas Engine Explosion
Japanese airline will refurbish 100 Rolls-Royce engines, fitting new turbine blades, after cracking and corrosion led to aborted flights and cancellations
Rolls-Royce today confirmed that an oil fire led to the November 4 uncontained failure of a Trent 900 on a Qantas A380 on its way from Sydney to Singapore.
Europe's air safety regulator said Thursday an oil fire may have caused an engine turbine failure on a Qantas superjumbo, and issued an emergency order requiring airlines to re-examine that type...
EASA has added Trent 1000-TEN intermediate-pressure turbine to previous ADs of the Rolls-Royce engine.
Japanese airline ANA will modify all 100 Rolls-Royce engines in its 787 Dreamliners fleet after three engine failures this year.
Number of 787 AOGs could peak to 50 ahead of June 9 inspection deadline
A slew of technical problems with the three latest-technology jet engines is widely disrupting operations at airlines, bleeding cash from the engine makers and grounding significant numbers of Airbus and Boeing jets.
As many as half of the 80 Rolls-Royce engines that power some of the world's largest jetliners may have to be replaced after an oil leak caused a fire and the partial disintegration of one on a ...
Airlines flying Boeing 787 Dreamliner jets powered by one model of Rolls-Royce engines face substantial disruption after an FAA safety ruling. The planes are restricted from flying more than 140 minutes from a diversionary airport, down from 330 minutes.
The discovery of faulty engine blades affects about 120 Trent 1000 turbines, or about 8 per cent of the global fleet.
Regulator: Oil Fire May Have Caused A380 Problem
Engine maker Rolls-Royce Group PLC on Friday says it will replace a component in Trent 900 engines following its investigation into the cause of an engine failure last week on an Airbus A380 aircraft, and warns that its earnings growth would slow as a result of the problem.
As many as half of the 80 Rolls-Royce engines that power some of the world's largest jetliners may have to be replaced after an oil leak caused a fire and the partial disintegration of one on a Qantas flight this month, the Australian national airline's chief executive said Thursday.
Road Trip 2011: Just across from Airbus headquarters in Toulouse, France, the biggest passenger plane in the world is assembled in the biggest industrial building in Europe. CNET got to see it up close.
Qantas boss says up to 40 Rolls-Royce Trent 900s will need to be repaired as Germany's Lufthansa changes a second engine
Some five weeks after an uncontained engine failure forced one of Qantas’s six Rolls-Royce Trent 900-powered A380s to make an emergency landing at Singapor
The Australian Transport Safety Board says new hardware, recurrent inspections and changes to engine monitoring “adequately address” its concerns about failures of high-pressure turbine nozzles in the Engine Alliance GP7200 turbofan engine for the Airbus A380.
Everything is going very well with the Rolls-Royce Trent 900, which has logged more than 400 engine hours aboard the Airbus A380 since the very large airli
The Rolls-Royce Trent XWB is a British series of turbofan jet engines developed from the Rolls-Royce Trent 1000. It is presently used only on the Airbus A350 XWB.
Aircraft engine manufacturer Rolls-Royce keeps encountering new problems with its Trent 1000 engine. This will help its rival GE gain market share on Boeing's fast-selling 787 Dreamliner.
British Manufacturer says Specific Component in Trent 900 Engines on Airbus Jets Cause of Danger, Earnings Hit
As the only one of the ‘big three’ engine makers to be assembling high-value widebody engines in Asia, Rolls-Royce
Qantas said Tuesday it will resume flying some of its A380 superjumbos this weekend, ending a self-imposed flight ban after a massive in-flight engine failure prompted a global safety review.
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Forex Pros – Asian stock markets were broadly lower on Monday, as ongoing concerns over a poten...
Stay up to date on the latest business news, stock market data and financial trends. Get personal finance advice from leading experts.
Wal-Mart hit with J.P. Morgan downgrade, European markets in retreat.
M&G Investments says it has been overwhelmed by withdrawal requests in the wake of the EU referendum result.
Derby-based firm says it is reviewing all funding options to get it through Covid-19 crisis
BHP Group Ltd on Tuesday reported full-year iron ore production near the top end of its forecast range, thanks to record output at two mines in Western Australia.
* Chip stocks jump on Intel's spending plan (Adds comment, updates prices)
Britain's FTSE 100 index is seen opening higher on Monday with futures up 0.29%.
Find out which shares today's quality papers are tipping
UK shares opened slightly lower on Tuesday after February GDP moved back to growth of 0.4%, positive but below economists’ expectations.
U.S. stocks begin the week on a positive note, with the Dow Jones Industrial Average posting a triple-digit gain.
Tagetik is Selected to Support Aggreko on its Journey to World Class Finance
A plunging dollar and hammered overseas stocks suggest congloms of all stripes -- and even the world economy -- could get pummeled by fallout from Tuesday's terrorist attacks.
HANCOCK Prospecting and South African joint venture partner Kumba Resources Limited has denied claims it received an offer for access to BHP Billiton’s Pilbara railway line as required under State Government legislation.
News and updates on your investments
Investors have built significant short positions in Reed Elsevier ahead of its results in three weeks despite the Anglo-Dutch publisher being rated as one of the most defensive media stocks in Europe.
(Reuters) – UK blue-chip shares slipped on Tuesday, as a second set of disappointing data from China this week cemented fears of a slowdown in
Retail and luxury stocks were uneven in morning trading, while Jimmy Choo rose on bid speculation from potential suitors including Kors.
Macquarie has upgraded Cape (LON:CIU) to outperform (from neutral) which it says is due to the industrial services group resolving two key issues, including the Asbestos Product Liability litigation and a potentially unsustainable dividend. The broker said: “This makes the investment case far more compelling in our view, allowing investors to focus on Cape’s operational …
Sri Lankan shares closed higher on Friday, supported by gains in communication services and financial stocks, with...
European shares were subdued on Friday with all eyes on U.S. jobs data expected later in the day, while investors assessed Bank of England's biggest rate hike in 27 years amid growing fears of a recession.
Housebuilder Barratt Developments is in demand ahead of its half year results due on Wednesday, with its shares climbing 3.5p to 74p
BP and Royal Dutch Shell rallied on Tuesday, buoyed by the gains in the oil market that have lifted crude off decades lows.
Take a look at some of Thursday's midday movers:
European stocks edged higher on Tuesday after a string of upbeat earnings reports and as banks rose on government...
Markets in the Middle East fell on Wednesday, with the Abu Dhabi index losing more than 2% even as a U.S. ban on Russian oil imports sent crude towards $130 a barrel.
European stocks are expected to open higher on Wednesday after struggling to regain ground amid fears around the new omicron Covid variant.
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Do you want to use a traditional bank to get a small business loan? Here is Bankrates list of top picks and important details you should know.
Physical oncologists complain that US National Cancer Institute programme has lost sight of its mission.
Wall Street is desperately trying to persuade U.S. House lawmakers to kill a proposal that would use money from banks to fix the nation’s highways. A key concern is that once Congress taps the finance industry to help fund infrastructure projects, it won’t be able to stop.
Cord Blood America Announces Agreement To Restructure Debt
ATLANTA, March 3, 2011 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $8.3 million to assist in funding 18 affordable housing developments in North Carolina. The funding is part of $42.7 million FHLBank Atlanta will award in 11 states and the District of Columbia to create or preserve 4,841 units of affordable housing.
The entrepreneur on selling his Starbucks franchises, running Vibe Holdings, and planning a <em>Soul Train</em> reboot.
The chancellor, Gordon Brown, today outlined a massive and sustained package of investment in the NHS designed to secure its long-term future and make the health service "the best insurance policy in the world".
Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package as it aims to shore up its balance sheet amid a sharp travel downturn due to the coronavirus pandemic, three people familiar with the matter said on Tuesday.
A proposal headed to lawmakers in February would allow counties that receive state funding for their courthouses to increase civil court filing fees or parking or traffic citations.
Idorsia's Q1 2023 results were disappointing, with Quviviq and clazosentan sales falling short of expectations. Read why we are downgrading IDRSF stock to Sell.
The best way for the state legislature to help small-business owners is to avoid another budget impasse, a panel of mostly Democratic lawmakers said.
**San Francisco Launches Solar@Work: Innovative Model Creates Breakthrough in Solar Affordability for Small Businesses** *More than 2 Megawatts of new solar installations expected, making solar power accessible to businesses in the Bay Area without local rebates* *Registration open July 13, 2011 through October 14, 2011 - [/solar-at-work](/solar-at-work)* The City of San
For the first time, one Washington company will be able to use the state's crowdfunding law to raise small amounts from a large number of investors. But the company’s founders still object to another provision in the law, and say they’ll wait as long as possible before they have to use it.
ATLANTA, Feb. 17, 2011 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $6.9 million to assist in the funding of 15 affordable housing developments in Georgia. The funding is part of $42.7 million FHLBank Atlanta awarded in 2010 in 11 states and the District of Columbia to create or preserve 4,841 units of affordable rental and ownership housing.
FIVERR (NYSE: FVRR) has played an invaluable role in connecting freelancers across the globe to individual buyers and businesses. On 18th February 2021, it was reported that Fiverr’s revenue in 2020 jumped by 77% to $190 million. Such a substantial price increase is likely attributed to the pandemic. Several businesses decided to opt for remote work which saw regular office workers become jailbirds. An area that saw huge demand was freelance marketplaces for businesses and individual buye
ITV is likely be able to reduce its public service commitments while the BBC may have to give licence fee cash to Channel 4, according to a leaked Ofcom blueprint. By Owen Gibson and Stephen Brook
The winner on Nov. 3 will succeed outgoing mayor Don Ness.
More than 250 residents voiced their concerns, and support, for Oak Park and River Forest High School’s master facilities plan, which could total $218 million if fully constructed.
Kim Kardashian and Kanye West always do everything BIG! So you would think they flew to some exotic country to celebrate their one year wedding anniversary and Kanye showered Kim with diamonds, right? You are going to be shocked at what they actually did!
IMF says deal on bank debt ‘critical’ for bond market return
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Channel 4 is scaling back spending on U.S. acquisitions by 20% during the next five years as part of wide-ranging plans to foster more British creative talent, CEO Andy Duncan said Thursday.
British startup Huddle has signed a deal with Hewlett Packard that will get its software on 25 million PCs annually
Grants have deadlines, but these have an April deadline. So, apply as early as possible to give your small business a better chance to win.
The preparations reflect Boeing's confidence that it can tap the capital markets to strengthen its finances
The German Intelligence Service (BND) destroyed files of 250 staff who were once in the Nazi police, historians discover.
Just ask Sarah Palin's handler, Nicolle Wallace.
AUSTIN — The Senate Transportation and Homeland Security chairman Friday suggested a 10-cent-a-gallon increase in Texas' gasoline tax for a system that's soon to run short of money for new roads. No cash by 2012As he did during this year's legislative session, Carona noted that the highway fund at the Texas Department of Transportation will be out of money for new construction contracts in 2012. Perry — who has talked often of the need for more transportation funding and pushed what proved
New Research from Creditera Reveals Nearly Half of Small Businesses Don’t Know Business Credit
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