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British Business - Oct. 21

PRESS DIGEST-British Business - Oct. 21 Oct 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Microsoft MSFT.O and the British government have agreed a memorandum of understanding giving public sector organisations access to Microsoft's portfolio of AI-powered products and services.
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Adidas, Bellway, Nestle

EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Bellway, and Nestle, on Friday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baader Helvea raises to add from reduce * Bellway Plc BWY.L : Peel Hunt cuts to hold from add * Danone DANO.PA : Morgan Stanley cuts to equal weight from overweight * Greencore GNC.L : Deutsche Bank raises to hold from sell * Nestle SA NESN.S : Jefferies cut
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UK Stocks-Factors to watch on Oct 14

UPDATE 1-UK Stocks-Factors to watch on Oct 14 Adds new items, updates futures Oct 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.2%. * MULBERRY: UK's Mulberry MUL.L said its top investor Challice has declined to sell shares in the company to Frasers FRAS.L after the sportswear and apparel retailer last week sweetened its takeover bid for the luxury brand.
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UK Stocks-Factors to watch on Oct 14

UK Stocks-Factors to watch on Oct 14 Oct 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.10%. * TI FLUID SYSTEMS: TI Fluid Systems TIFS.L said on Saturday it had received an increased offer of 200 pence per share from Canada's ABC Technologies to acquire the British automotive components supplier.
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British Airways Says Do Not Believe Issue Around Engines & Parts From Rolls Royce Will Be Solved Quickly

BRIEF-British Airways Says Do Not Believe Issue Around Engines & Parts From Rolls Royce Will Be Solved Quickly Oct 11 (Reuters) - International Consolidated Airlines Group SA ICAG.L : BRITISH AIRWAYS: MADE FURTHER CHANGES TO SCHEDULE AS WE CONTINUE TO EXPERIENCE DELAYS TO DELIVERY OF ENGINES & PARTS FROM ROLLS-ROYCE - SPOKESPERSON BRITISH AIRWAYS:
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British Airways changes schedule due to Rolls-Royce parts delays

UPDATE 2-British Airways changes schedule due to Rolls-Royce parts delays Changes sourcing Oct 11 (Reuters) - British Airways said on Friday it has made additional changes to its schedule due to delays in the delivery of engines and parts from Rolls-Royce RR.L , particularly the Trent 1000 engines fitted to its 787 aircraft. "We've taken this action because we do not believe the issue will be solved quickly," a British Airways spokesperson said in an emailed statement.
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British Airways to cancel hundreds of flights this winter due to aircraft shortages, FT reports

British Airways to cancel hundreds of flights this winter due to aircraft shortages, FT reports Oct 11 (Reuters) - British Airways is canceling hundreds of long-haul flights this winter due to aircraft shortages caused by delays in delivery of engines and parts from Rolls-Royce RR.L , the Financial Times reported on Friday. Reporting by Aatrayee Ch
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StandardAero valued at $10.4 bln as shares jump in NYSE debut

UPDATE 3-StandardAero valued at $10.4 bln as shares jump in NYSE debut Stock opens up 29% Raises $1.44 bln in third biggest U.S. IPO of 2024 Carlyle to remain majority shareholder Adds executive commentary in paragraphs 6,8,9, 11 & 12 By Niket Nishant and Echo Wang Oct 2 (Reuters) - Carlyle-backed StandardAero SARO.N racked up a $10.38 billion valuation after its shares opened 29% above the offer price in their NYSE debut on Wednesday, as investors bought into what could be one of the last major
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Carlyle-backed StandardAero prices IPO above range to raise $1.44 billion

UPDATE 1-Carlyle-backed StandardAero prices IPO above range to raise $1.44 billion StandardAero prices IPO above range at $24/shr Company and investors sell 60 million shares to raise $1.44 bln IPO values StandardAero at about $8 billion Shares to start trading on NYSE on Wednesday Changes sourcing to the company By Echo Wang NEW YORK, Oct 1 (Reuters) - StandardAero SARO.N , a U.S.
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Carlyle-backed StandardAero prices IPO above range to raise $1.44 billion

UPDATE 1-Carlyle-backed StandardAero prices IPO above range to raise $1.44 billion StandardAero prices IPO above range at $24/shr Company and investors sell 60 million shares to raise $1.44 bln IPO values StandardAero at about $8 billion Shares to start trading on NYSE on Wednesday Changes sourcing to the company By Echo Wang NEW YORK, Oct 1 (Reuters) - StandardAero SARO.N , a U.S.
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Carlyle-backed StandardAero prices IPO above range to raise $1.44 billion, sources say

EXCLUSIVE-Carlyle-backed StandardAero prices IPO above range to raise $1.44 billion, sources say StandardAero prices IPO above range at $24/shr Company and investors sell 60 million shares to raise $1.44 bln IPO values StandardAero at about $8 billion Shares to start trading on NYSE on Wednesday Updates details on pricing from sources in paragraphs 1-2 By Echo Wang NEW YORK, Oct 1 (Reuters) - StandardAero SARO.N , a U.S.
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Carlyle-backed StandardAero set to price IPO above range, sources say

EXCLUSIVE-Carlyle-backed StandardAero set to price IPO above range, sources say Adds Carlyle declines to comment, paragraph 5 By Echo Wang NEW YORK, Oct 1 (Reuters) - StandardAero, a U.S. aircraft maintenance services provider, is set to price its U.S. initial public offering above its indicated range, setting it up for one of the biggest stock market debuts this year, people familiar with the matter said on Tuesday.
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Carlyle-backed StandardAero set to price IPO above range, sources say

EXCLUSIVE-Carlyle-backed StandardAero set to price IPO above range, sources say Adds more background, details on StandardAero from paragraph 5 By Echo Wang NEW YORK, Oct 1 (Reuters) - StandardAero, a U.S. aircraft maintenance services provider, is set to price its U.S. initial public offering above its indicated range, setting it up for one of the biggest stock market debuts this year, people familiar with the matter said on Tuesday.
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Carlyle-backed StandardAero targets $7.7 bln valuation in upsized IPO

UPDATE 2-Carlyle-backed StandardAero targets $7.7 bln valuation in upsized IPO Adds context on IPO in paragraphs 2-4 and 7-8, detail about company's business in paragraphs 5-6 Sept 27 (Reuters) - Carlyle-backed CG.O aviation services provider StandardAero is targeting a valuation of up to $7.69 billion in an upsized initial public offering, underscoring the strong investor appetite for profitable companies with scale.
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UK shortlists four developers including Rolls Royce for small nuclear projects

UK shortlists four developers including Rolls Royce for small nuclear projects LONDON, Sept 26 (Reuters) - Britain has short-listed four companies including Rolls Royce RR.L and GE-Hitachi Nuclear Energy for the next stage of its competition to develop small modular nuclear reactors (SMRs), the government said on Thursday. Britain’s new labour government has said small nuclear plants will play an important role in helping the country meet its net zero targets and has a competition to decide wh
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Rolls-Royce And Alpha Trains Sign Letter Of Intent For Up To 1,000 Overhauls Of MTU Rail Drive Systems

BRIEF-Rolls-Royce And Alpha Trains Sign Letter Of Intent For Up To 1,000 Overhauls Of MTU Rail Drive Systems Sept 24 (Reuters) - Rolls-Royce Holdings PLC RR.L : ROLLS ROYCE -ROLLS-ROYCE AND ALPHA TRAINS SIGN LETTER OF INTENT FOR UP TO 1,000 OVERHAULS OF MTU RAIL DRIVE SYSTEMS Source text for Eikon: [ID:] Further company coverage: RR.L
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Rolls Royce, Lürssen Agree To Collaborate On Yacht Refits

BRIEF-Rolls Royce, Lürssen Agree To Collaborate On Yacht Refits Sept 23 (Reuters) - Rolls-Royce Holdings PLC RR.L : ROLLS ROYCE - ROLLS-ROYCE AND LÜRSSEN AGREE TO COLLABORATE ON YACHT REFITS ROLLS ROYCE - CONTRACT FOR MAJOR OVERHAUL OF MTU PROPULSION SYSTEMS FOR YACHT REFIT Source text for Eikon: [ID:] Further company coverage: RR.L
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Carlyle-backed StandardAero targets $7.5 bln valuation in US IPO

UPDATE 3-Carlyle-backed StandardAero targets $7.5 bln valuation in US IPO Adds analyst comment in paragraphs 7-8 By Niket Nishant Sept 23 (Reuters) - Aviation services provider StandardAero, backed by buyout firm Carlyle Group CG.O and Singapore's sovereign wealth fund GIC, said on Monday it was targeting a valuation of up to $7.54 billion in its initial public offering in the United States.
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EU agency says cleaning process may be linked to Cathay Pacific A350 engine fire

UPDATE 1-EU agency says cleaning process may be linked to Cathay Pacific A350 engine fire Adds details PARIS, Sept 19 (Reuters) - Europe's aviation regulator on Thursday linked a recent engine fire on a Cathay Pacific 0293.HK Airbus A350 to a possible problem with the maintenance of its Rolls-Royce RR.L engines. The European Union Aviation Safety Agency (EASA) earlier this month ordered airlines to carry out visual inspection s on Rolls-Royce XWB-97 engines after the incident involving a Zurich-
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EU watchdog says cleaning process may be linked to Cathay Pacific A-350 incident

EU watchdog says cleaning process may be linked to Cathay Pacific A-350 incident PARIS, Sept 19 (Reuters) - The European Union Aviation Safety Agency (EASA) on Thursday gave an update on the inspection s it ordered on Rolls-Royce-made engines used in Airbus AIR.PA A-350 aircrafts following a security incident, pointing to issues possibly stemming from a cleaning process.
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