Meggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had given guidance of mid single digit revenue growth for the full year at its interims in August. [1 Nov '13]
Royal Dutch Shell´s shares dropped on Thursday after unveiling a fall in profits. However, accounting profits include non-cash items, in this case those related to Nigeria. In that regard, the company´s cash-flow remains strong. Its operating cash-flow is 4.4bn pounds year-to-date, down only five per cent on the same period of last year. As well, at just 11.2 per cent on the basis of the company´s own calculations, its gearing remains far from becoming an issue. Hence, the co [1 Nov '13]
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