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Dodgy (potentially) deal done by Claire Coutinho when she was energy secretary

Good news for Sheffield Forgemasters (MOD), just a shame the government haven't pushed ahead faster for us (RR) and giving a virtual green light for 4 x non RR SMR's in Teeside a bit of a kick.

Not sure I'd be throwing stones, we've a few idiots of our own to contend with! The only difference is our idiots don't have much of an effect on the world economy (if any) unlike the team orange across the pond.

Cev - your opinion on my grammar and intellect is frankly of zero value to me, enjoy your day and I'll have a drink to your ignorance over lunch.

Sparky your absolutely on the money for me, though heaven knows were in for a turbulent few weeks leading up to the 'budget' which is increasingly looking shambolic for an administration that promised so much and delivered even less! The fear maybe that spending plans on defence, GCAP, and SMR might be pushed back

A red day indeed, probably due to the omni shambles in the UK administration (refuse to call it government). We’ll see what the US thinks this afternoon, but it’s early in the morning, hopefully we’ll recover. Even BaB and BA are marginal this morning amongst the sea of red on my watch list.

I don't like going off topic, but in this case, I'd love to know who thinks private sector pensions were generous and why? Because frankly mine apart from a few years working (16) for an incumbent and getting a small final salary pension at the beginning of my career, the money purchase schemes have been pretty derisory to the point I really wish I'd taken the lumps into my SIPP a very long time ago. The 'matched' employer contributions were at best 5%, though I was always free to put in way more out of my salary.

Quick AI search

Rolls-Royce's exit from the narrow-body aircraft engine market was a strategic decision made in the past, primarily to focus its resources on the more profitable wide-body market. However, this decision has been a source of significant debate and has had a major impact on the company's position in the industry.

Here's a breakdown of the key reasons behind the exit and the consequences:

1. The Strategic Shift to Wide-Body Engines:

* Focus on high-margin products: Rolls-Royce leadership, under former CEO Sir John Rose, decided to focus on engines for larger, long-haul aircraft (wide-bodies). These engines, such as the Trent family, command higher prices and provide long-term revenue streams through service and maintenance contracts.

* Dominance in a specific niche: Rolls-Royce aimed to secure a dominant position in the wide-body market. The company has been very successful in this, becoming the exclusive engine supplier for the Airbus A350 and a major player on other programs like the Boeing 787 Dreamliner.

* High cost of entry/re-entry: The development of a new engine for the narrow-body market is extremely expensive and risky. At the time of the decision, the narrow-body market was dominated by General Electric and Pratt & Whitney, and it was deemed too costly to compete effectively.

2. The Impact of the Decision:

* Missing out on a booming market: The decision to exit the narrow-body market came right before a massive boom in demand for single-aisle aircraft like the Airbus A320neo and Boeing 737 MAX. The sales volumes for these planes far outpaced those of wide-bodies, and Rolls-Royce missed out on a huge portion of the market.

* Financial and competitive disadvantage: The company's reliance on the wide-body market made it particularly vulnerable during the COVID-19 pandemic when long-haul travel was severely restricted. This highlighted the risk of not having a diverse portfolio. Meanwhile, its rivals, GE and Pratt & Whitney, who had strong narrow-body product lines, were better positioned to weather the downturn.

* Debate over the decision: The decision has been criticized by some analysts and even current Rolls-Royce leadership, who have openly expressed regret about it, noting that it has left the company with a significant gap in its portfolio.

3. The Current Situation:

* Rolls-Royce is considering a return: Recognizing the importance and scale of the narrow-body market, Rolls-Royce's current leadership has made it clear that they are exploring a re-entry. They are in talks with potential partners and airframe manufacturers (like Airbus and Boeing) to develop a new engine for the next generation of narrow-body aircraft.

* The "UltraFan" program: The company's key technology for this potential re-entry is its new "UltraFan" engine, which has been designed to be scalable for both wide-body and narrow-body applications.

Democracy is an illusion, but I agree Dixon1

Sadly shareflyer I am one that has cancelled my subscription to the RNLI, though accept they are caught between a rock and a hard place. If I could defund the border force taxi service I would. Anyways I've put my head above the parapet on that contentious subject and back to looking at the stars which were aligned for a while

The salient part;

don’t expect changes in defence budgets to have a meaningful long-term effect on Rolls. The company’s commercial jet engine and power generation divisions continue to grow, and recent contract wins highlight the diversity of its operations.

Yes, the shares look expensive after such a rapid climb. But with profitability soaring and new orders still coming in, I think Rolls-Royce shares remain worth considering – even at today’s elevated price."

Just to give a touch of perspective, we were at £4.9890, today, we sit at a heady £10.4300, sure were down a touch on our peak, we'll be there and above again soon. Have a great weekend everyone

Just to give a touch of perspective, we were at £4.9890 today we sit at a heady £10.4300, sure were down a touch on our peak, we'll be there and above again soon. Have a great weekend everyone

I think we’re caught up in the tech sector crash in the US, we however have great fundamentals

https://www.telegraph.co.uk/business/2025/08/20/us-tech-stocks-tumble-on-ai-bubble-fears/

The tech stocks in the US took a real pounding yesterday, we seem to get wrapped up in it despite us being ‘engineering’ and those taking the pounding AI stocks. As has been said, we’re in the usual August / early September doldrums where the weather swings wildly. Stressful yes, somewhat concerning yes but from my mere now 6 years of trading seemingly normal at the point in the calendar

Ouch!

If you look back to this time last year we saw turbulence as the number of trades were lighter as the big boys (traders) are on their summer breaks. Add in this play at peace brokerage and the fear that once it 'settles' defence stocks will slide as the orders are 'delayed' due to the 'peace dividend' so that we can continue to fund our sickness culture and the bottomless pit of the NHS.

Fear that the world will think this is all over once Ru/Ukraine sign a sort of peace deal. Whereas they actually need to keep spending, modernise and build to square up and thereby deter, otherwise we'll be back fighting in a few years in eastern europe as well as the south china seas, which could easily be next.

Unlikely on the FTSE, maybe in the US