News A US Predator drone flies over Kandahar Air Field, southern Afghanistan

The move follows on from the 2010 agreement to enhance defence co-operation including sharing aircraft carriers, joint expeditionary forces and training

The Investment Column: Umeco

ONCE AGAIN, Umeco's shares jumped 11 per cent after it posted results. Is this the perpetually undervalued company? The near-doubling in its share price since April suggests that Umeco supplies switches for the fast-growing telecoms industry. In fact, it supplies nuts and screws to the aerospace sector, which is widely perceived to be on the verge of a downturn. But Umeco has carved out a niche for itself, acting as a warehousing intermediary between component supplies and the likes of Rolls-Royce and British Aerospace.

The Investment Column: Rolls-Royce powers ahead

WITHIN THE space of three years, Rolls-Royce has gone from producing around 400 engines for the civil aviation market a year to over a thousand. Indeed, deliveries are so strong that they will hold flat next year. But there are drawbacks to the company's success.

Rolls wins $1bn engines deal

ROLLS-ROYCE HAS secured its largest single order to supply engines for ships in a deal worth $1bn (pounds 662m), after it saw off US rival GE to kit out five transatlantic cargo ships.

Rolls-Royce in pounds 112m power buy

ROLLS-ROYCE, the engineering giant, yesterday strengthened its position in the oil and gas engineering market with the acquisition of the 50 per cent stake in power equipment manufacturer Cooper Rolls that it did not already own.

Outlook: Golden shares

THAT SOUND of rattling in Whitehall yesterday was the Government dusting off its collection of golden shares in privatised industries. They have lain neglected in cupboards for so long that the Treasury had trouble initially recalling how many it still owned. For the record, the answer is fourteen, including shares in British Aerospace, Rolls-Royce and a clutch of electricity companies ranging from British Energy to the National Grid. Their main purpose is to prevent anyone the Government deems inappropriate - in other words foreign - from acquiring the company in question.

Going down: Rolls-Royce

IN A bad week for the market, shares in Rolls-Royce, the aerospace engineering company, were hit hard, falling nearly 9 per cent. "The decline may be related to more cautious noises coming out of European airlines," said Sandy Morris, an ABN Amro analyst. He has a "buy" rating on the stock.

British firms snap up orders worth $1bn

BRITISH FIRMS were celebrating yesterday after snapping up orders worth almost $1bn (pounds 620m) at the Paris Air Show.

The Investment Column: 600 Group

u

Investment: Should you invest in... engineering?

ENGINEERING FIRMS have had a torrid time over the past two years, as a strong pound and high interest rates battered the export-led sector. But this does not mean investors should ignore these companies.

Rolls to shed 2,000 jobs and trim supplier base

ROLLS-ROYCE, the aero-engine maker, is to shed a further 2,000 jobs this year and streamline its supply base as part of an efficiency programme expected to boost profits by pounds 70m.

3i leads pounds 170m buyout

3I, THE venture capital group, yesterday said it had led a pounds 170.5m buy-out of eight engineering companies from the National Industries Group of Kuwait to form a new aerospace and orthopaedics business.

Rolls threat to move work to US

THE CHAIRMAN of Rolls-Royce warned yesterday that the aero-engine manufacturer could move production to America if Britain introduces costly European labour laws.

Britain's biggest

Name Indx Weight Last_Trade Chg Pct 3m Chg Pct Ytd

Rolls-Royce gives China $50m order

ROLLS-ROYCE is to place $50m more aircraft-engine parts orders in China over the next six years, the aerospace and defence group said yesterday. The contracts will be carried out by three companies under Aviation Industries of China (AVIC).

Rolls takes a pounds 265m tumble

SHARES IN Rolls-Royce yesterday plunged more than 8 per cent, wiping over pounds 265m from the company's market value after the world's third largest aero-engine maker revealed that tough competition in its main markets was putting a squeeze on margins.
Life and Style
“What is it like being a girl?” was the question on the lips of one inquisitive Reddit user this week
News
peopleDave Legeno, the actor who played werewolf Fenrir Greyback in the Harry Potter films, has died
Arts and Entertainment
Armando Iannucci, the creator of 'The Thick of It' says he has
tvArmando Iannucci to concentrate on US show Veep
Life and Style
beauty
Sport
Luis Suarez looks towards the crowd during the 2-1 victory over England
transfers
Life and Style
Swimsuit, £245, by Agent Provocateur
fashion

Diving in at the deep end is no excuse for shirking the style stakes

Sport
German supporters (left) and Argentina fans
world cup 2014Final gives England fans a choice between to old enemies
Arts and Entertainment
A still from the worldwide Dawn of the Planet of the Apes trailer debut
film
News
peopleMario Balotelli poses with 'shotgun' in controversial Instagram pic
News
A mugshot of Ian Watkins released by South Wales Police following his guilty pleas
peopleBandmates open up about abuse
Career Services

Day In a Page

Independent Travel Shop See all offers »
India and Nepal
14 nights from £2,159pp Find out more
Dutch Masters
five nights from £679pp Find out more
La Robla and Rioja
nine nights from £1599pp Find out more
Classical Spain
six nights from £539pp Find out more
California and the Golden West
14 nights from £1,599pp Find out more
Bruges
three nights from £259pp Find out more
A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice