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I wonder if this is the start of a potential break up of the business?

Not the greatest H1 I’ve ever read!

Why are people so fixated on the results this week?

The real focus should be on the ITP sale - when?

The ITP sale should have gone through by now. Anyone have any info as to what’s happening?

The way this is heading today, it looks like it will close below 83p

What on earth is causing this? I understand the new appointment may cause a drag on the SP, but why the big fall on no other news?

Looks like the market is doubting the new CEO appointment?

I must say I was very surprised with this. I expected a pedigree CEO with a track record…. Not a Petrol forecourt manager who was passed over for promotion!

Whatever happens, I hope he’s a steady hand that doesn’t break the company with a ‘net zero’ and ‘woke’ agenda.

But what do I know!

So the bloke who ran the petrol forecourts at BP; turned over for promotion, is now in charge of a FTSE100 blue chip aerospace company!

Did I miss a memo?

Fed posted US inflation has hit 40 year high! Just when we though RR was about to break out again, the US markets mess things up and are flashing red, with Futures showing a big drop! Sigh…..

Whatever became of the Merger / Takeover news earlier this year around RR. Did I miss something, or was it just speculation in the press?

I work there. Stage 2 negotiations are on the cards for next week. There will be a resolution to the pay deal. Both sides are quite pragmatic. Don’t worry.

Warren East CEO made an formal announcement to the RR workforce at the close of trading today (1605hrs), about the annual pay offer (and the current pay disagreement)…... No ITP announcement in sight!

I think the SP rose due to speculation about this announcement by Warren East being something else……. and getting over excited.

No news!

#Disruption happens

Yes. Solidarity Reg, Fred, Bill, et al….. but it needs sorting out soon, before Reg, Fred and Bill cause a bigger problem that could potentially affect the business and share price at a critical time when the business is making positive strides out of the Pandemic.

These things have a habit of snowballing if they are not nipped in the bud early! Hope cool heads see sense before significant distribution happens.

There is a Strike according to the Assistant General Secretary of Unite Union. The vote he mentions in his message, was announced today. It was unanimous in favour of Industrial action, to bring the entire plant out with the 17 specialist engineers currently on the picket line at the Main Entrance at RR Barnoldswick.

https://www.facebook.com/2285830328359103/posts/3122285948046866/

Today, RR Barnoldswick personnel unanimously voted in favour of Industrial Action, in addition to the 17 specialist engineers who have been out on strike for the past month. This means the entire site will be affected and will disrupt the total RR supply chain. Engine build will stop.

RR Barnoldswick is a key site manufacturing Fan blades; structures and Transmission parts.

Must be looking out of the window of your car then.

Obvious you don’t work there, or know what you are talking about!

Erm. There are no windows facing the picket line. The main building at the top of the factory was closed last year. You obviously are making that bit up!

https://www.unitetheunion.org/news-events/news/2021/august/rolls-royce-barnoldswick-protest-to-be-held-as-strikes-over-site-s-future-resume/

Pictures (in this case photos of people on the picket line at the RR Barnoldswick plant) paint a thousand words. This is not hype. These are real people taking part in real industrial action at a real Rolls-Royce production facility right now (today!)

If the vote is in favour of a total strike at the site on Friday this week, another +400 people will be joining the picket line.

Fan blade deliveries will be totally disrupted. Engine build will halt. RR will be hit with penalties from Boeing and Airbus,

Unfortunately this is all very real and not hype at all!

This is not good and needs to be sorted, especially since RR is emerging from the pandemic with recent reasonable results and potential uplift on the SP. As shareholders we don’t need this disruption right now.

It’s unheard of for RR to be seeing such a potential large scale industrial action like this in recent times.

Word on the street, is that there is already a picket line in place now in advance of the vote. Production at the site has now halted.

https://www.facebook.com/UniteNorthWest/photos/a.2285980875010715/3119196625022465/?type=3

So let’s see what happens to the Share price, come Friday, if there is a vote for strike action at the entire plant?

Since you work there, you’ll realise engines don’t work without fan blades!