"Rachel Reeves, the chancellor, is expected to use the government’s spending review to announce funding for one or two small modular reactors designs. GE Hitachi Nuclear Energy and Rolls-Royce are among companies competing for the funding in a process being run by Great British Nuclear. Reeves is also expected to make a final funding decision on Sizewell C." |
NewMed energy up 7% maybe Sir Ed Davey should retire.?? |
NewMed energy up 7% maybe Sir Ed Davey should retire.?? |
Citigroup fair value 564, on services turndown.. |
Services turndown |
 Trump’s tariffs unlikely to dent Rolls-Royce, says leading investment bank
Rolls-Royce Holdings PLC (LSE:RR.), the British engineering giant best known for its aircraft engines, is unlikely to suffer much from Donald Trump’s latest round of tariffs, according to analysts at Citi.
While trade wars have rattled companies with strong links to the United States, Rolls' exposure to the American market is relatively small.
The key reason? Most of its commercial engine business is focused on Europe and Asia rather than the United States.
According to Citi, only about 8% of its latest wide-body aircraft engine deliveries — those designed for large, long-haul planes — went to America's airlines last year.
Meanwhile, just 7% of Rolls-Royce’s Trent engine fleet is based in the United States. With no alternative suppliers for spare parts and airlines locked into long-term engine deals, any disruption from tariffs is expected to be minimal.
Defence accounts for around 70% of Rolls-Royce’s US business, but Citi believes this is largely unaffected since production for military contracts happens over in the States.
The biggest question mark is the Power Systems division, which makes engines for ships, trains, and industrial uses.
It accounts for about a quarter of Rolls' overall business, but Citi estimates that only 10–20% of that is linked to the United States — equating to just 2.5–5% of group revenue.
While this part of the business operates on shorter order cycles and could be more exposed, Citi does not expect any tariff-related impact to be significant.
Overall, Rolls-Royce’s reliance on non-US markets means it is better shielded than many from escalating trade tensions. With a strong order book and limited alternative suppliers, the company appears well-placed to weather any tariff turbulence.
At 591p, the shares have been unaffected by the recent trade turmoil instigated by the new US president, who has threatened Canada, Mexico and China with protectionist levies. |
EU have approved the CEZ buy in :Rolls-Royce: EU approves joint acquisition of Rolls-Royce SMRFebruary 04, 2025 at 09:28 am ESTThe European Commission announces that it has approved the acquisition of joint control of Rolls-Royce SMR Limited ('Rolls-Royce SMR') by Rolls-Royce and CEZ Holdings of the Netherlands.This transaction mainly concerns the research, development and deployment of compact modular nuclear reactor designs.The Commission concluded that the notified transaction would not raise competition concerns due to its limited impact on the European Economic Area, and given the limited market positions of the companies resulting from the proposed transaction.Copyright (c) 2025 CercleFinance.com. All rights reserved. |
Someone loading up today bodes well for I think. |
Will have a revert back to that post, thanks.. |
GTG have a listen to the interview I posted 4012 , she explains the technology they are all based on , but obviously she working for RR, so it's mostly focused on RR |
How do these guys rate compared to Westinghouse?(Brookfield Investment Partners) or Rolls's own efforts?? |
hxxps://www.niauk.org/ge-vernovas-nuclear-business-accelerates-uk-smr-deployment-with-mous/ |
HAHAHA Sir go for pm ... |
Just watched Rewiring Britain doc on BBC and the stupidity of Milibrain is staggering. He seems intent on destroying vast swathes of our best Lincolnshire arable farmland to build solar farms so that the country will be totally dependent on imported grain, and destroying some of the best Anglian coastline building substations connecting offshore wind farms, thereby trashing our tourist insustry when the simple solution is to build SMRs on existing brownfield nuclear sites and thereby create 1000s of highly skilled jobs and massive export potential for the country. And they (politicians) wonder why productivity in the UK is so poor compared to our peers and in continual decline! |
From todays D Tele.
Britain’s entrenched prejudice against engineering and manufacturing must be rewired.
Is this Britain’s moment? It could and it should be.
This sounds insane, given the daily news. The economy looks like an intensive care ward where the lights are being turned off one by one. AstraZeneca has cancelled a £450m plant on Merseyside. Scotland is on its way to lose 100,000 jobs and Sir Jim Ratcliffe warns that the petrochemicals sector in the UK is facing “extinction221;.
But the sentiment isn’t mine: it’s one I hear most when I talk to businesses in booming Poland. Poles regard themselves as the most pragmatic nation on the Continent and are proud that their industrial revolution preceded its neighbours by decades.
They know where their wealth comes from, too. Like Britain, it was founded on maths, science and engineering, and a third of Polish GDP today comes from manufacturing. Their admiration for the UK is twinged with bafflement. Britain has the richest technology history of any nation on Earth, and it’s now independent of the competing power blocs. So they ask: why don’t we value what we’re great at and exploit our new freedom?
From their perspective, the UK is a medium-sized power that punches far above its weight in technology. From industrial processes and developing and using revolutionary materials, to consumer gadgets, the UK creates critical innovations for global supply chains in the medical, automotive, telecommunications and space.
For example, Croda Pharma’s nano-encapsulation technology allows new forms of treatment, such as a breathable vaccine. The US military’s STOL fighters need Rolls-Royce’s LiftFan propulsion systems, and Rolls’s engines are the mainstay of the world’s civil aviation fleets. New quantum engineering companies are creating breakthrough products for instrumentation, sensing, timing and computing. |
1rtb are you the CCP mouthpiece |
CINEESE AECC pushing Airbus to be main jet engine supplier...??? |
CINEESE AECC pushing Airbus to be main jet engine supplier...??? |
MC , hopefully soon the only room millibrain will be locked away in is a padded one , with a comfy jacket to boot ! Just so he can't be strung up by the general public who are paying for his madness. Totally criminal what this bunch of muppets are doing to our country , stock up on candles is all I can say , while we can still afford them ! |
Let's hope Miliband isn't hiding from Heathrow and the third runway but is instead locked in a quiet room composing his announcement of multiple SMR's to be built by Rolls Royce and sited in the UK.
#4022 and #4023 both excellent reads. Thanks guys. |
BUSINESS WEST
Simon Bowen said he hoped the region "could be the nuclear hub of the UK"
Published
1 February 2025, 07:29 GMT
A region has "huge potential" to once again become a nuclear hub, according to the chairman of Great British Nuclear (GBN).
Land in Gloucestershire next to two decommissioned nuclear power stations, in Oldbury and Berkeley Green, is set to be redeveloped for a new kind of nuclear technology.
Simon Bowen, of GBN, said the region's "rich nuclear history" was "enormously exciting", and the new projects would provide "very high quality jobs" for the area.
"I have made no secret of the fact that I think Oldbury is an absolute prime site for SMRs [small modular reactors]," he added.
He continued: "I think there is a massive opportunity now with us purchasing Oldbury, with the separate Berkeley project nearby, and all the work that Western Gateway has done with the Severn Edge project."
Mr Bowen explained Oldbury was a site that might be able to house up to six SMRs.
A black and white image showing a control room inside the Berkeley nuclear power station. There are men sat behind desks making notes, and another man in white overalls standing up on the phone. The walls are covered in circular dials, buttons and valves.
The nuclear power station at Berkeley, seen here in 1963, was stripped of its equipment when it closed in 1989
Mr Bowen said: "A skills hub around the south west is being launched and the UTC [University Technical College] at Berkeley is a great model for apprenticeships and higher apprenticeships."
Construction for the Oldbury plant is due to begin around 2029.
Mr Bowen said investment in the region was set to be worth "tens of billions" and would create thousands of jobs.
"You are putting infrastructure in place which will last for 60-80 years and possibly longer.
"People smart at the costs of nuclear but the true cost of nuclear is competitive when you compare it with things like offshore wind and a lot of the new technologies," he said. |
Stephen Anness, head of global equities at Invesco and manager of Invesco Global Equity Income Trust (IGET), explains why the trust invests in Rolls-Royce (RR.):"We have followed Rolls-Royce for over two decades, and have always viewed the business as technologically strong, operating in an industry with enormous barriers to entry and offering great visibility on what the company would still be doing 10 or even 20 years into the future. Sadly, it was frequently let down by its operational efficiency, which management teams had failed to get to grips with."The share price peaked in December 2013. In the years following 2015, the business tried to reform under a new chief executive, Warren East. While a market leader in engineering, it was a market loser in financials (bloated costs/headcount and bureaucratic in nature); meanwhile, an issue with the Trent engine family led to planes being removed from service and to significant costs. By 2020, the business was pretty much loathed by sell-side analysts. They had given up on the turnaround by this stage it was seen as too difficult and too complex."We were intrigued by the market capitulation; the shares falling near 50 per cent between 2013 and early 2020 looked like an opportunity. We felt that the core business was very high-quality for example, the company commands a 50 per cent market share in engines for wide-body aircraft, which provides a long runway of maintenance/spares revenues, often spanning multi-decade periods. A great example is the Dart turbo engine, which has been in service since 1945 and is still operational. We initiated a position in the trust at this stage."The business had often overpromised and underdelivered. Cash generation had been patchy and the accounting is complex. This was central to our debate: could the business actually change? Covid-19 provided the burning platform needed to accelerate change; it was indeed an existential threat. The share price fell to 44p and the balance sheet was extremely stretched. To survive, the company had to increase the pace and scale of cost cuts and launch a £2bn rights issue."Tufan Erginbilgic replaced Warren East as chief executive at the beginning of 2023 and has continued to drive cost cuts and divestments. In that year, the business generated £1bn free cash flow, as it recorded its biggest engine order haul in 15 years. Strong financials allowed Rolls to repair the balance sheet, reinvest in new technology and maintain its market position."Rolls-Royce has gone through a remarkable transformation. The new management team has done an outstanding job; cost and complexity have been grappled with, free cash flow has been strong and we have seen record new orders for engines. "There are still reasons to be optimistic for the shares. We believe there continues to be room for recovery in travel demand, and the business is on track to deliver c£3bn free cash flow by 2027. The dividend will be restored this year. Finally, there is future optionality in Rolls-Royce's SMR (small modular reactor) technology. SMRs have the benefit of providing an alternative clean energy source, in locations not suitable for larger nuclear power plants."As of 31 December 2024, Rolls-Royce was Invesco Global Equity Income Trust's third-biggest holding, accounting for 4.3 per cent of the portfolio. |
Airbus not achieving targets drops engine production considerably, Chineese a real threat now to production.. |
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