Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No chance- looks like the shorters have cashed out £31m sold v £15m buy.
Interesting developments on the SP last week and this, hopefully a huge upturn in the SP is due, any chance for £4 by Friday? Nothing to stop it tbh hopefully the rats will have a meal elsewhere.
Thanks
Link for Goldmans?
Interesting to see 2 x £6m buy at 2.77 after close not UT either could be a huge bounce tomorrow
Topped another £2k at £2.59 averaging at £2.99 must jump soon surly
I know last 5/6 days red - given the flights returning lithunesa etc. And the new last night though would have seen a good jump. EasyJet down too.
AGM statement-
We are today holding our Annual General Meeting. In his update to shareholders, Chief Executive Warren East will comment: “In this unprecedented period of uncertainty we have rapidly adapted our business to safeguard its future for all of our stakeholders. We have implemented heightened safety procedures to protect our people and we are providing practical assistance to combat the impact of COVID-19 on the countries in which we operate. In the UK, for instance, we have put our manufacturing and supply chain expertise to use in the drive to increase the supply of ventilators for hospitals. We have also strengthened the financial resilience of the Group to ensure we are well positioned to weather the pandemic. We are working hard to mitigate the near-term disruption caused by COVID-19 and are making stronger than expected progress on our mitigating actions, giving us confidence that we can now deliver up to £1.0 billion of savings this year. However, we must also take the difficult but necessary decisions to ensure the Group emerges from this period with the appropriate cost base for what will be a smaller commercial aerospace market which may take several years to recover. I am proud of the dedication and commitment of my colleagues and thankful for the continuing support of our shareholders and other stakeholders during this challenging time.”
Safeguarding our people, business and communities
Our top priority remains safeguarding the lives and livelihoods of our people. Proactive measures remain in place at our facilities to help keep our people safe and minimise operational disruption, including remote working and modified shifts in our manufacturing facilities, which enable us to continue to serve our customers in these difficult times.
We are supporting our communities with whatever practical help we can offer. In the UK, we are proud to be a member of a consortium producing additional ventilators for hospitals. Across Rolls-Royce, teams are using their manufacturing skills in areas such as 3D printing to produce personal protective equipment (PPE), including over 10,000 face shields, to help protect local healthcare staff. Our R2 Data Labs team, meanwhile, has assembled a group of leading companies to collaborate on the Emergent Alliance. This collection of data analytics experts will combine traditional economic data sets with behaviour and sentiment data, to provide insights that will support government decision making through the pandemic.
Update on market conditions and mitigating actions
COVID-19 has caused significant disruption to the global aerospace industry, with an unprecedented reduction in air traffic. In order to mitigate the impact on our 2020 financial performance we immediately implemented a number of actions, as announced on April 6, which were initially expected to deliver a cash flow benefit of at least £750 million in 2020. We have made better than anticipated progress with these actions, and we now