Why Rolls Royce is in news

Highlights  The global solar PV market is expected to grow by 24 per cent on a CAGR basis between 2021 to 2027 The growth is being driven by rising climate related concerns, government policies and other factors The UK has made addressing...

Highlights  Offshore windfarm company North Star Renewables announced securing a £96 million loan for building an offshore renewables fleet. The project will include building 3 new service operations vessels (SOVs), the first of whic...

Highlights  The UK government released its low carbon hydrogen economy plan, proposing a twin track strategy of using both green and blue hydrogen for building the nascent sector. Hydrogen energy is expected to account for 20 to 35 per cen...

Highlights  According to Society of Motor Manufacturers and Traders (SMMT), electric cars accounted for 8.4 per cent share in the total car sales in May 2021. All major automobile manufacturers are rushing to make the most of the governmen...

Highlights  The US-led takeover of two British defence giants has recently created a buzz in the market. After the Cobham deal last year, now Ultra Electronics and Meggitt deals are leading to a US-led takeover of UK defence industry. The...

Highlights  Ultra Electronics Holdings plc entered into a £2.6 billion takeover agreement with Cobham Ultra Acquisitions Limited. Post takeover, each Ultra Electronics shareholder will receive £35.00 in cash, 40% more than Ultr...

Highlights The UK’s Department for Business is soon expected to launch a review of power suppliers in the UK market. The department want to investigate whether the power companies are using renewable source of energy or greenwashing to ma...

Highlights  Babcock shares advanced more than 8% on Friday Company has agreed to sell Frazer-Nash Consultancy to KBR Inc The aerospace and defence firm is expected to garner £293 million Proceeds from the sale will be utilised to r...

Highlights  Meggit has been approached for over £7.03-billion takeover bid by TransDigm. US rival Parker-Hannifin had made an offer worth 800 pence per share last week. Meggit’s share price rose to 830 pence, up by 16 per cent...

Summary UK based shipping services company announced strong H1 2021 results that led the shares to jump by over 5 per cent. The company reported a 30.3 per cent rise in its underlying profits before tax due to strong performance from its brokin...