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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CAPITAL GOODS
- ROLLS 1.625 05/28 rallied 13bp / 70c yesterday following 1H24 results.
- Highlights included 25% EBIT beat, 35% FCF beat. FY24 FCF guidance was raised 20% / £350mn at mid-point.
- With FY24 operating margin guidance of 10.3% we see no barriers to Moody’s upgrading ROLLS to IG.
- See preview for pre-move RV https://marketnews.com/rolls-royce-rolls-ba1-p-bbb-p-bbb-p-h124-preview
- Spreads are now close to low triple B Industrial averages (chart).
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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