Wednesday, 29 July 2009

UK Manufacturing success - Rolls-Royce

All ye who say the UK does not produce anything, I give you Rolls-Royce, king of the automotive engine world. Ever prepared for world armageddon, they are upping their factories and investment in the UK as well as getting involved in some timely greenwash chic.

Good to see this.

The FTSE fell for the first time in 11 days today, quite a ride up - I opened a short position for the way down, up 2% so far.


Steven_L said...

I was thinking about opening a short position when I was trying to get out of bed this morning.

But I opened a long position in Lloyds TSB instead. Everyone keeps telling me to buy Zombie banks for some reason.

Not just you, there's some bloody good fund managers talking them up too. Down £70 on it so far.

James Higham said...

Some good news amid the gloom is good to see. Those Trent XWBs are powering on.

CityUnslicker said...

SL - I sold LLOY to buy my short. Stilll, the short is out of the money today!

I had lloy from 69 to 85 - enough of a ride for a couple of weeks.

Tim Worstall said...

"king of the automotive engine world"

You'd need a friggin' big car to get that engine in.

I think you mean "aviation" world.

The cars are now BMW aren't they? Bentley is VW? Or the other way around, can never remember.

Anonymous said...

Yup, kings of the jet engine world. And, hopefully, they'll get to build the nuclear power stations that the UK needs (with some French technical assistance).

Steven_L said...

I meant to wake up for 8am in Monday morning and short Rexam as soon as the market opened too, but I kept of pressing the snooze button instead.

CityUnslicker said...

Tim - oops. That is what happens when you wrte posts past midnight!

Anonymous said...

Ah, the advanced RB211 jet engine, what a success story! Eventually!