Rolls-Royce (RR.) followed up recent updates on the Trent 1000 engines and workforce lay-offs with a capital markets day that fleshed out what the new restructuring proposals could mean for costs, margins and cash flows. Though Warren East and his team might be well advised to avoid any late-night reveries in Derby – at least for the time being – the planned blood-letting certainly played well with the market, evidenced by a double-digit hike in the aerospace giant’s share price, leaving it at a multi-year high.
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Taking Stock
Supply crunch to reignite interest in oil juniors?
A tightening supply/demand balance could boost prospects for junior oil explorers
Mark Robinson