Kevin Godbold | Thursday, 11th March, 2021 | More on: RR I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. FREE REPORT: Why this £5 stock could be set to surge See all posts by Kevin Godbold Why Rolls-Royce shares nudged higher today Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. UK-based engineering company Rolls-Royce Holdings (LSE: RR) released its full-year results report today. And the shares nudged higher in early trading.The power and propulsion systems maker said the impact of Covid-19 on the performance of the business in 2020 was “severe”. The Civil Aerospace division has been hardest hit. And the pandemic continues to affect the near-term outlook. However, the firm expects positive free cash flow in the second half of 2021 and “at least” £750m as early as 2022. Before the coronavirus crisis in 2019, Rolls-Royce reported underlying core free cash flow of £911m.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The hard-hitting Rolls-Royce restructuring programmeThe directors said their positive expectation depends on the pace of recovery in engine flying hours and the firm’s ongoing restructuring programme. In 2020, the firm saved more than £1bn from “in-year cash mitigations”, compared to its pre-Covid plans. And there’s a target to raise “at least” £2bn from disposals. On top of that, new debt and equity strengthened the firm’s liquidity by £9bn. The figure comprises £3.5bn cash and £5.5bn undrawn credit facilities.Rolls-Royce reported “strong” progress with its fundamental restructuring programme. And that includes cutting 7,000 permanent and contractor job roles, mostly from Civil Aerospace. The company expects the number of terminations to rise to more than 9,000 roles by the end of 2022. Chief executive Warren East reckons its actions have enhanced the resilience of the overall business and improved operational efficiency “permanently”.Today’s figures show the Civil Aerospace business produced an underlying operating loss of almost £2.6bn in 2020. However, operating profit from other divisions reduced the overall loss to just under £2bn. In 2019 before the pandemic, Civil Aerospace delivered an underlying operating profit of £44m and the overall figure from all divisions came in at £808m. But Rolls-Royce said the pandemic has altered the outlook for the civil aviation industry in the short and medium terms.A mixed outlookLooking ahead, the company expects a rebound in global GDP and the lifting of travel restrictions to drive recovery in the business. The directors think engine flying hours in 2021 will rise to around 55% of 2019 levels in the industry. But the global vaccination programmes should enable the lifting of travel restrictions. And the firm’s “base case” assumption is engine flying hours could rise to 80% of 2019 levels during 2022. However, the directors expect large engine deliveries to remain at the current lower levels “for the next few years”.In the Power Systems division, the outlook is more optimistic. The company said the shorter-cycle nature of the business means many of its end markets should recover by the end of 2021. The directors expect revenues to recover in the division by 2022. And the Defence division has a “strong” order book suggesting the potential for “steady growth” in the medium term. However, the company has no immediate plans for restarting shareholder dividend payments. Image source: Getty Images.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The New York Islanders went 4-5 on the power play but lost to the Carolina Hurricane 6-4 on Monday, Feb. 11, 2013. They’re scheduled to face the New York Rangers at home on Thursday.The blood spilled at the next professional hockey game on Long Island may not be from two stickmen slugging it out on the ice, but should get people cheering nonetheless.The New York Islanders and the American Red Cross are teaming up for a blood drive at Nassau Coliseum before the NHL club plays the New Jersey Devils this weekend.Donors will receive vouchers for two tickets to a 2012-13 Islanders regular season home game and a free entrée from Moe’s Southwest Grill as a thank you gift for helping replenish Long Island’s blood supply.“By rolling up your sleeve, you may help provide lifesaving blood where and when it is needed,” said Donna Morrissey, a spokeswoman for the nonprofit Red Cross’ Northeast Division.One healthy blood donor can save up to three lives in the half hour it takes to give.The Islanders said turnout at the third annual event—the first of four planned blood drives at the Uniondale arena this year—is growing.The Red Cross blood drive will take place in the Lower Box Office of the coliseum from 10 a.m. to 4 p.m. before the puck drops at 7 p.m. Saturday, giving fans plenty of recovery time.Walk-ins are welcome, but donors are encouraged to schedule an appointment by calling 1-800-RED CROSS (1-800-733-2767) or by visiting redcrossblood.org.
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