Market Data Financial News Market Sectors Contact Us - UK Share Information - Tuesday, 24th April 2018

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Rolls Royce Considering Move to Europe

Tuesday, 24th April 2018

The brand is an iconic British one, and it has been a leading figure in the aerospace sector for many years, but it needs a contingency plan to protect itself in the event that negotiations stall regarding the Brexit deal.

The company says that the design, manufacturing and even maintenance of the engines that are made in Derby could be brought to a halt in the event of a hard Brexit. The UK was actually one of the founding members of the European Aviation Safety Agency, and the engines that Rolls Royce makes are certified under the EASA’s authority on a daily basis. In the event of a hard Brexit, however, it is possible that Britain could be forced to leave without an associate membership of the EASA, which means that the engines would not be certified, and would not be able to take off in European airspace. While these concerns are merely theoretical, it is understandable that Rolls Royce feels that it is important to have a back-up plan for such a huge potential problem.

Read previous editors articles here

Stock Market Update

Tuesday, 24th April 2018

The FTSE 100 was resilient despite a weak performance in the US on Tuesday after 10-year treasury yields hit 3% for the first time in over four years.  The blue-chip index ...
Tuesday, 24th April 2018

Rising oil prices and a subdued pound kept the FTSE 100 in positive territory, rising 0.3% to 7,422 around midday.  Brent crude oil increased 0.2% to $74.89 per barrel.   Oil major ...
Tuesday, 24th April 2018

UK stocks open stronger on Tuesday as a weaker pound against the US dollar boosted exporters and oil prices rose.  At 0857, the benchmark FTSE 100 index was up 24.15 points, ...

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