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Rolls-Royce shares plunge on profit warning

Oct 17 2014 15:30

Rolls-Royce's shares have fallen by as much as 16% after it warned that deteriorating economic conditions meant its profit would not rise.


PPC gets new director

Oct 17 2014 12:14

Darryll Castle has been appointed an independent non-executive director at Portland Pretoria Cement, the company says.


Medupi unit gets its boiler certificate

Oct 17 2014 10:34

The first Medupi unit scheduled to be synchronised to the national electricity grid has reached a milestone after receiving its boiler certification.


Rolls-Royce blames sanctions for profit miss

Oct 17 2014 09:07

British engineer Rolls-Royce has warned that it would not return to growth next year, as economic conditions have deteriorated.


No plans for VIP jet for Zuma - Armscor

Oct 17 2014 07:00

Controversial plans by the department of defence to buy a VIP presidential jet have not been handed on to Armscor, says the state-owned arms procurement agency.


Areva can still win contracts - CEO

Oct 16 2014 18:15

Areva chief executive Luc Oursel, his job at risk from an imminent government overhaul, still believes the French nuclear group can win new contracts.


Lockheed Martin claims nuclear breakthrough

Oct 16 2014 16:30

Lockheed Martin says it has made a technological breakthrough in developing a power source based on nuclear fusion.


Mondi's underlying profit down

Oct 16 2014 10:14

Paper maker Mondi says third-quarter operating profit has fallen from the previous quarter as part of a seasonal swing in European demand.


Tata in talks to sell UK steel plants

Oct 15 2014 17:29

India's Tata Steel is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva-based Klesch Group.


Indigo signs deal with Airbus

Oct 15 2014 12:45

Indian low-cost airline IndiGo has signed an agreement with Airbus for 250 A320neo single-aisle aircraft, says the company.

Inside Fin24.com


US bid for oil supremacy shakes crude market

Oct 15 2014 12:11

Propelled by surging shale output, the US is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.


Coega develops auto manufacturing zone

Oct 14 2014 17:23

The Coega Development Corporation will establish a complex for the automotive assembly and components manufacturing sectors, it says.

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