Little movement for Boeing or Airbus, UBS cuts Rolls Royce outlook, NIIT surges – Share Wrap

Boeing and Airbus parent EADS had relatively modest movements yesterday, with Boeing losing just 0.1% to its share price, while EADS gained 1.0%. Rolls Royce fell 1%, after UBS cut its rating on the engine manufacturer from 'neutral' to 'sell' yesterday, citing Airbus' decision to cut A380 production levels, US dollar exchange rate weakness and a downward revision to its pension finance charge.