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workingpoor

Rolls Royce On The Ropes.

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http://www.thisismoney.co.uk/money/markets/article-2654948/Rolls-Royce-suffers-2-6bn-blow-orders-Emirates-scraps-plans-buy-70-Airbus-A350s.html?ICO=most_read_module

Looks like Britains "export led recovery" is doing well.

Rolls-Royce suffers £2.6bn blow after Emirates airline scraps plans to buy 70 Airbus A350s that carry its engines

Cancellation leaves Rolls-Royce order book down by 3.5 per cent

The A350 deal was expected to be worth around £13billion for the firm

In February, Rolls-Royce announced its first profit warning in a decade

Read more: http://www.thisismoney.co.uk/money/markets/article-2654948/Rolls-Royce-suffers-2-6bn-blow-orders-Emirates-scraps-plans-buy-70-Airbus-A350s.html#ixzz34MQfh3vF

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got a few shares in rolls royce

not too worried

once it flogs an engine it has a monopoly on after sales service, which is where most of its income is derived from (i think/hope!)

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Some if the comments suggest emirates a380's use EA engines from

engine alliance this could be emirates wanting to keep thru life support costs

down by sticking to the same engine manufacturer.

Also read Quatas has had a bit of trouble with some of its engines.

Deffo a sign of a shift away from uk aerospace products by other countries

Not many takers for the typhoon either most plumping for the cheaper (and

cheaper thru life support costs) of the d'assault rafale or saab grippen.

e

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Not another sign of deflation surely!?

A sign perhaps that sterling is much too strong thanks to the Osborne/Carney housing bubble. Canadian exports have been similiarly impacted by Carney's career incompetence.

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Hey don't knock a high currency. My costs of living are a little contained bcos of it, though entirely unsustainable.

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