Shares take off at Boeing
BOEING shares rose 5.4 per cent on Wall Street yesterday, after beating cash flow expectations. The airline manufacturer said 2014 fourth quarter profits were up 23 per cent to $1.47bn (£970m) on the back of a record 1,432 net orders for planes last year, which included the launch of its Boeing 787-9 stretched airline.
It expects a rise in cash flow to $6.2bn in 2015, at the top end of expectations, which sent shares up to close at $139.64.