Now I can keep an eye on one of my monitored stocks which I'm currently in.

Cynic, you think UK's economy is so robust? Then why is there so much budgets and cuts everywhere...

because it takes a great deal of pain and effort to get the country living within its means
and has little to do with the underlying state of the economy

If the state of the economy is so robust as you mentioned, there will be no job cuts, problems in the NHS, cuts in social benefits, increasing UK debt, austerity measures and so on.

Ahem...........RR thread!!!

JP Morgan Cazenove reiterates underweight on Rolls-Royce, target cut from 630p to 405p.

hyleo - harry is absolutely right .... address yourself to the TALK thread

Fred is waiting hyleo ..... enjoy

pratt witney patent gearing turbo fans more efficient. RR. buy @ £5 see broker mark downs. the BB ends

LATEST BROKER VIEWS

Date Broker New target Recomm.
16 Dec Haitong... 490.00 Neutral
15 Dec JP Morgan... N/A Underweight
9 Dec JP Morgan... N/A Underweight
4 Dec Deutsche Bank N/A Sell
25 Nov Investec 420.00 Sell
25 Nov Kepler... 470.00 Reduce
25 Nov Barclays... 680.00 Underweight
25 Nov Liberum Capital 560.00 Hold
25 Nov Panmure Gordon 500.00 Sell
25 Nov Exane BNP... 545.00 Neutral
Broker Recommendations for Rolls-Royce Group

According to reports there will be an announcement today of a big order worth £2.9 billion from Norwegian airlines

correction 1.9 billion

Some of the UK's biggest companies, including Rolls-Royce and Petrofac, have been drawn into a scandal over alleged bribery and corruption in the international oil industry. The Serious Fraud Office is understood to have teamed up with the FBI and the US Department of Justice to investigate claims that a Monaco-based lobbying firm, Unaoil, was involved in the payment of bribes to officials in Iraq, Syria, Kazakhstan, Kuwait and other oil-producing nations.

Full Year Results

Group financial highlights

· Reported revenue of £16,307m; up 6% on underlying basis, Civil Aerospace service revenues up 12%

· Underlying profit before tax up 25% to £1,071m; strong contribution from Power Systems

· Reported profit before tax of £4,897m; includes a £2.6bn non-cash profit (2016: £4.4bn loss) from the revaluation of our $38.5bn hedge book as sterling strengthened

· Free cash flow improvement driven by improved profits and good working capital management

· 2016-17 transformation programme achieved £200m run-rate savings; at top end of guidance

· €718m ITP Aero acquisition completed in December 2017, first instalment in shares (9.61m issued)



Group operational highlights

· Civil Aerospace widebody invoiced flying hours up 12%; significant in-service engine issues: in-year £170m cash cost (2016: £90m) and £227m charge to profit (2016: £98m)

· Large engine deliveries up by 35% to a record 483 (2016: 357 engines)

· Good further progress with Trent XWB-84 OE economics (cash deficit down 37%)

· Successful UltraFan Power Gearbox testing and Advance3 engine first run completed

· Strong recovery in Power Systems under new leadership; revenue growth, significant cost savings and strong cash generation

· Marine results stable year on year; restructuring benefits delivered; strategic review of Commercial Marine business underway

more.....

Down 13% at time of this post. No news at present.

Like the proverbial stone

STATEMENT re TRENT 7000. FULL YEAR GUIDANCE CONFIRMED
Rolls-Royce confirms that it expects to deliver fewer Trent 7000 engines in Q4 2018 than originally planned, reflecting early stage production ramp up challenges. As a result, we are likely to fall short of our prior engine delivery projection of approximately 550 large engine deliveries for 2018, and are now expecting to deliver approximately 500 engines.

While we regret the impact this will have on our customers, we are today re-iterating our financial guidance for 2018 profit and free cash flow as provided at the time of our interim results in August 2018.

Our priority has always been to ensure that the Trent 7000 engine meets customer expectations on entry into service and we have seen very good performance attributes during a rigorous testing phase. We continue to work very closely with Airbus and our customers on the details of the delivery schedule. While the production ramp up issues in Q4 are regrettable, such issues in the early stages of a new engine program are not uncommon in our industry. As we move into 2019 we are confident that Trent 7000 production and delivery volumes will increase significantly to meet our customer commitments.