I think Mr Merrill is alluding to case news… I don’t think he is that interested in Q1 results but I could be wrong. Mr Bogart did say early June for results in his presentation a few weeks back in london so an announcement affect the market closes in NY and an RNS Thursday in London would be early (very early) June…
One thing for certain is the next 14 days are going to be interesting …
Correction
I can see the Argentinian’s agreeing a settlement by the end of the year…They won’t/ can’t post a bond to appeal once the court case has concluded. Once Burford have started the embargo process and made US & international trade difficult the new government whom ever they are will have to do a deal..
I see the Argentinian’s agreeing a settlement by the end of the year…They won’t/ can’t post a bond to appeal this once the court case has concluded and Burford have started the embargo process and made US & international trade difficult the new government whom ever they are will have to do a deal..
Thank you Mr Marroc - it looks like they are indeed snookered.
Happy to be corrected but it seems they need to fold or post a bond to kick the can down the road and appeal whilst Burford racks up another 9 months interest. Can burford seize the current Arg Governments stake in YPF that’s worth many many billions?
The Cyber issue caused this to fall 20% … Capita SP is going to start moving forward quite quickly as investors start to get back on board. Not a fan of Mr Odey but I believe he was right when he said a he thinks lot of people have called Capita wrong and the fundamentals have significantly changed and upside is on its way.
News:
There will be a handful of departures on the FTSE 250, according to indicative changes. Upstream energy company Capricorn Energy PLC, Africa and South America-focused exploration firm Tullow Oil PLC and oil and gas industry services provider Hunting PLC are set for the chop. Tech investor Molten Ventures PLC and Videndum PLC, are provider of hardware and software for the content creation market are also under threat.
They will be replaced by Empiric Student Property PLC, Gore Street Energy Storage Fund PLC, instant-service equipment firm ME Group International PLC and door and window components supplier Tyman PLC. Capita PLC is also set for a promotion to the FTSE 250, helped by the outsourcer's well-received annual results in March, and despite suffering a cyber-attack in April.
Alliance News) - Rolls-Royce Holdings PLC on Thursday reported "successful" testing of a new fuel efficient aerospace engine, culminating "many years work" alongside the UK and European Union.
The jet engine maker said promising testing of its UltraFan technology is a "game changer".
"This is a historic moment for Rolls-Royce – it's the first time in 54 years the aero-engine manufacturer has tested a brand-new engine architecture and is proof of what can be achieved when industry and governments work together," Rolls-Royce said.
"Testing the demonstrator is the culmination of many years work, which has been supported by the UK government through the Aerospace Technology Institute, Innovate UK; the EU's Clean Sky programmes plus LuFo and the state of Brandenburg in Germany."
Rolls-Royce said UltraFan delivers a 10% efficiency improvement compared to its current Trent XWB, which is already the "most efficient large aero engine in service".
"In the nearer term, there are options to transfer technologies from the UltraFan development programme to current Trent engines, providing our customers with even greater availability, reliability and efficiency," Rolls-Royce added.
Chief Executive Tufan Erginbilgic said the technology will also be key in the journey to net-zero.
"The UltraFan demonstrator is a game changer – the technologies we are testing as part of this programme have the capability to improve the engines of today as well as the engines of tomorrow. That is why this announcement is so important – we are witnessing history in the making; a step-change in engine efficiency improvement. When combined with sustainable aviation fuels, more efficient gas turbine engines will be key to hitting the industry's target of net-zero flight by 2050. Today we are closer to achieving this ambition," Erginbilgic said.
Rolls-Royce shares were up 1.7% at 155.45 pence early Thursday in London.
By Eric Cunha, Alliance News news editor
It does appear that this level £10+ (a multi year high) is holding strong. Not many sellers at all and it bodes well for a decent climb in the next 12 months given the court cases and non YPF rhetoric from the team.