Rolls-Royce reads from big order book
Article Abstract:
Rolls-Royce PLC has posted sales of 2.09 billion pounds sterling in the first half of 1998, an increase of 7.2% from the same period in 1997. Its pretax profit also increased 16% to 135 million pounds sterling. However, the company's margin dropped on engine sales. According to the company's chairman, Sir Ralph Robins, the only way the company could boost its margin is to improve its efficiency, which it is doing right now. The company is doubling its capital expenditure and making efforts to improve efficiency. Meanwhile, the company is not very concerned about the Asian economic crisis because most of its business are in Europe and America.
Comment:
Has posted sales of 2.09 billion pounds sterling in the first half of 1998, an increase of 7.2% from the same period in 1997
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Jupiter Financial posts 56% return in 12 months
Article Abstract:
Jupiter Financial Opportunities, an international-stock-fund manager, has recorded a 56% return in 12 months, in dollar terms. Jupiter Financial's Philip Gibbs, who was the top-rated banking and insurance analyst in Great Britain, UK, stated that he was pleased with his company's performance. Gibbs stated that the long-term transformation may cause the reform of several state-funded pension systems in Europe in a move that will benefit banks and insurance firms. Gibbs added that he is fond of fund-management firms as they reap the rewards of pension reform.
Comment:
Records a 56% return in 12 months, in dollar terms
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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