Hints and tips:
...P&W owner RTX has warned that the additional inspections and potential replacements of engines is creating more work for the company’s maintenance, repair and overhaul network, which is under strain because...
...S&P Global upgraded it to BB+ in December. Some analysts believe a further shift higher could happen relatively soon, which could pave the way for the company to start paying a dividend again....
...P&W remains the most obvious partner, according to analysts....
...P&O did not respond to requests for comment....
...The US aerospace and defence group, formerly known as Raytheon, said P&W will recall 600-700 engines from 2023 to 2026, leading to the grounding of an average 350 aircraft a year....
...Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...P&W’s current manufacturing issues add to ongoing durability issues that have dogged its GTF engine....
...The FTSE 100 and its sister indices will require fresh impetus to gee them up for the next 40 years....
...“It will be a lot of work for P&W . . . There might be indirect consequences,” he said....
...Sylvia Pfeifer in London Energy Trend to watch The Opec+ oil cartel has spent the year cutting production in an increasingly fraught attempt to boost prices....
...The engine maker added: “P&W is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigation, we will not comment further.”...
...“The daily notional trading value of 0DTE options has skyrocketed to about $1tn,” said Sylvia Jablonski, chief executive of Defiance ETFs....
...The recovery is underpinning a buying spree from across the globe, report Sylvia Pfeifer and Sarah White....
...“Gee Sam, I don’t know what to say here . . . Putting Barbara on this.”...
...The deal, the first such bond offering since Russia’s war in Ukraine, is “somewhat of a bellwether,” said Philip Baggaley, analyst at S&P Global....
...Rating agencies Fitch and S&P have reaffirmed the company’s A minus rating....
...Hayes played down the likelihood of a merger between P&W and Britain’s Rolls-Royce in the near term....
...asked Sylvia Leyva Martinez, senior analyst at Wood Mackenzie. “From a purely economic perspective, it makes more sense to continue importing the module.”...
...Additional reporting by Sylvia Pfeifer in London...
...“Everybody you speak to on cruises nowadays says: ‘Gee, it’s good to be back home, it’s good to be back on the seas again,’” said Mike Alcock, a 72-year-old retiree from Northamptonshire, who has taken six...
...Reporting by Sylvia Pfeifer, Neil Hume, Harry Dempsey, Peter Campbell, Emiko Terazono and Tom Wilson...
...Rebecca Arcesati, Irène Hors and Sylvia Schwaag Serger are the authors....
...That would now change, S&P Global ratings said on Wednesday, as it warned that it might cut GE’s credit rating by one notch in response. Call it the Blob’s revenge....
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