Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I think the investors are panicking over the failure of a few banks and they think the crash of 2008 will be repeated again. This is why there are panic sells. We have had all kind of bad news over the last 2 years namely CV19, war, high inflation, high oil price, high interest rates, bank failures and so on. As the results, I think the world leaders will control the economy and the stock markets from crashing again as we have seen Biden managing to control the SVB and the Swiss Central Bank under the instruction of the Swiss government controlling the Credit Suisse.
Dow Jones recovered more than half of the day loss and the FTSE 100 future is up by nearly 1%. So, if there is no more bad news over the night, we shall hopefully have a green day tomorrow.
https://www.ig.com/en/indices/markets-indices/ftse-100
Swiss National Bank says it will provide Credit Suisse with liquidity if necessary
https://www.cnbc.com/2023/03/15/swiss-national-bank-says-it-will-provide-credit-suisse-with-liquidity-if-necessary.html
Russian jet downs U.S. Reaper drone over Black Sea
https://www.cnbc.com/2023/03/14/russian-jet-downs-us-reaper-drone-over-black-sea.html
HSBC buys Silicon Valley Bank UK, protecting deposits
https://www.cnbc.com/2023/03/13/hsbc-buys-silicon-valley-bank-uk-protecting-deposits-.html
Silicon Valley Bank: Offer made for UK arm of failed US lender
https://www.bbc.co.uk/news/business-64934348
Yellen rules out bailout for Silicon Valley Bank: "We're not going to do that again"
Yellen's interview is interesting to watch!!!
https://www.cbsnews.com/news/janet-yellen-silicon-valley-bank-bailout-face-the-nation-interview-today-2023-03-12/
New Rolls-Royce chief executive in line to earn over Ā£6mn
https://www.ft.com/content/b8865e78-53f0-4689-9d6f-7781e43d4a12
New Rolls-Royce chief executive in line to earn over Ā£6mn
https://www.ft.com/content/b8865e78-53f0-4689-9d6f-7781e43d4a12
Zelensky plans to meet with China's Xi on proposed peace plan
https://uk.news.yahoo.com/zelensky-ukraine-russia-war-china-peace-plan-183137842.html
Please note that RR. is a key player in the reconstruction of Ukraine and as soon as the agreement is reached, it will have a very positive effect on the RR.'s share price
Well done to all share holders , we have been through a very hard times and it has been rewarding so far but it is NOT enough. This will double the price if not more by the end of next year when the stock markets around the world will rise mainly due to UK and US elections.
Rolls-Royce boss Tufan Erginbilgic set to unveil his turnaround plan for beleaguered jet engine maker alongside company's annual results
The new chief executive, who took over on January 1, is expected to cut jobs as part of a wide-ranging shake-up.
Analysts reckon the firm will move to a profit of Ā£198 million from a loss.
https://www.thisismoney.co.uk/money/markets/article-11766905/New-Rolls-Royce-boss-Tufan-Erginbilgic-cut-jobs-shake-plan.html
Rolls-Royce offers engine co-creation for medium fighter
https://www.business-standard.com/article/companies/aero-india-rolls-royce-offers-engine-co-creation-for-medium-fighter-123021301225_1.html
Does Rolls-Royce really 'destroy value'?
https://www.investorschronicle.co.uk/news/2023/02/08/does-rolls-royce-destroy-value-or-is-it-on-up/
Rolls-Royce shares in Ā£113m Government cash to develop āguilt-freeā flying
https://www.eastmidlandsbusinesslink.co.uk/mag/manufacturing/rolls-royce-shares-in-113m-government-cash-to-develop-guilt-free-flying/
This article is clearly saying that the result will meet the forecast which means no further loss is expected for last year while the debt of Ā£4 B remains the same as before and further statement about restructuring will be given on February 23. So, it is all positive in my opinion.
Rolls-Royce boss turns to former BP executive to lead overhaul
The following TWO paragraphs from this article are highly important to note for now:
1- Although the company is on course to have met its 2022 targets for revenue growth and āmodestly positiveā free cash flow, its balance sheet remains laden with debt.
2- As Tufan made clear to employees last month, we need to significantly improve the performance of Rolls-Royce and Nicola will be instrumental in achieving that. We report our 2022 results on February 23 and will give further details at that time.