|Bid||892.80 x 344600|
|Ask||893.20 x 265700|
|Day's Range||888.80 - 902.40|
|52 Week Range||747.00 - 1,104.50|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.12 (1.28%)|
|1y Target Est||N/A|
Rolls-Royce has offloaded a £4.6bn chunk of its pension scheme to Legal & General in the biggest deal of its kind in the UK. The insurer will take on responsibility for paying the pensions of 33,000 members of the Rolls-Royce pension scheme out of a total of 76,000 members via the deal, known as a pension buyout. The market for buyouts, and similar deals called buy-ins, has been booming as UK companies look to rid themselves of pension promises made in the past.
Air New Zealand Ltd said on Monday it has ordered eight Boeing Co 787-10 Dreamliner jets worth $2.7 billion (2.12 billion pounds) at list prices, to be powered by General Electric Co engines, as part of a drive toward increased efficiency. New Zealand's flag carrier also trimmed its earnings outlook citing higher fuel prices, and said problems with Rolls-Royce Holdings PLC engines and a moderation in demand growth have impacted its financial and operational performance. The new plane order confirmed a Reuters report last week that Boeing had beaten out rival Airbus SE, which had proposed the A350 for the hotly contested deal.
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...
British aero-engine maker Rolls-Royce said its ability to fix the Trent 1000 fleet problem within budget meant it remained on track to hit its full-year cash and profit targets. Rolls-Royce, which makes engines for large civil aircraft and military planes, has been racing to fix the problem which has angered customers such as British Airways and forced the grounding of many planes. "Our restructuring programme has continued to make progress as we aim to bring down commercial and administrative costs, improve our engineering efficiency and drive lasting culture change at Rolls-Royce," East said.
The PPC is administered by the Chartered Institute of Credit Management and sets standards for payment practices including prompt payment as well as wider payment procedures. The company said it was suspended from the Code as it did not pay at least 95 percent of its supplier invoices within 60 days.
New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernisation on Thursday, as Europe's plane giant enters a new phase in its titanic rivalry with Boeing. The 51-year-old former planemaking head unveiled the changes a day after the retirement of Tom Enders, the last of the company's founders to leave the scene of recent power battles. "We are in a period of exceptional change in our industry and we need to prepare Airbus for the opportunities and challenges ahead," Faury said in a statement.
Passenger volume for the carrier rose nearly 5 percent in 2018 and revenue per customer gained 1.7 percent at a time when European airlines like easyJet were seeing a drop in demand due to Brexit related uncertainty. The pound fell 5.6 percent against the U.S. dollar, in 2018 as Britain contended with the political and economic uncertainty generated by negotiations on Britain's exit from the European Union. The airline, the 1980s brainchild of British billionaire Richard Branson, fell into the red in 2017 after three years of profits, as competition intensified and fuel costs rose.
D. Warren East has been the CEO of Rolls-Royce Holdings plc (LON:RR.) since 2015. First, this article will compare CEO compensation with compensation at other large companies. Next, we'll consider growth that the busines...
According to Rolls-Royce, by late February 35 787s had been grounded globally due to engine blades corroding or cracking prematurely. "This blade deterioration is a known issue but it is occurring faster than we expected on some engines," Chris Cholerton, Rolls-Royce President for Civil Aerospace, said on Wednesday. The accelerated inspection regime will allow Rolls-Royce to confirm the health of the more than 180 engines in service over the next few months.
The main bourse ended 0.4 percent lower, despite touching a six-month high earlier on the back of strength in financial stocks. U.S. President Donald Trump said he would impose retaliatory tariffs on $11 billion (8.43 billion pounds) worth of EU products for damage the United States says has been done by EU subsidies to Airbus. This prompted a European Commission source to say the EU was preparing for possible countermove over subsidies for Boeing.
Babcock, a key supplier to Britain's ministry of defence, said on Wednesday Cairnie will assume the role on Turner's retirement at the annual general meeting on July 18. Turner's resignation in January came amid a decline in Babcock's share price and company warnings that income from nuclear decommissioning would fall sharply.
The FTSE 100 bagged its fourth session of gains on Tuesday with a 1 percent leap, outshining its counterparts in Europe and on Wall Street. The European Union warned that Britain could be heading for a potentially disorderly exit in 10 days time as Prime Minister Theresa May met with ministers to figure out ways to break the deadlock over terms of the departure. Spreadex analyst Connor Campbell said both sterling and the midcaps seemed to be holding off until after a five-hour cabinet meeting today.
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacement, the airline said in a statement. The Trent 1000 TEN is the latest version of an engine that has had a problematic entry into service.
The FTSE 100 ended 0.5 percent higher after rallying as much as 1 percent with gains capped due to investors shunning defensive stocks, and the midcaps added 0.6 percent. UK markets joined a global rally sparked by data showing Chinese factory activity grew for the first time in four months in March, as well as hopes of a resolution to a prolonged trade dispute between Washington and Beijing. Also driving sentiment was a survey that showed UK manufacturing growth at an unexpected 13-month high last month as the country stockpiles for Brexit.
The UK's top fraud prosecutor has thrown her weight behind American-style corporate plea bargains amid criticism that they can allow companies to admit wrongdoing without leading to successful prosecutions of individuals. Lisa Osofsky, an Anglo-American former FBI lawyer now in charge at the Serious Fraud Office (SFO), said the use of deferred prosecution agreements (DPAs) was effective in ensuring companies clean up their act - and was still in its infancy. Retailer Tesco and aero-engines group Rolls-Royce agreed DPAs with the SFO in 2017, paying fines of 129 million pounds and nearly 500 million pounds ($650 million) over an accounting and a bribery scandal respectively.
The pinnacle of high society is the Rolls-Royce. The $325,000 Cullinan is an exercise in combining the latest automotive tech with old-school money. Sure, the name is a bit on the nose for a high-end British brand, but even with that in mind, it's tough to explain the feeling of driving the Cullinan.
In 2017, Kale Group said it would set up a joint venture with Rolls-Royce to develop aircraft engines after the UK and Turkey signed a defense deal worth more than 100 million pounds ($133 million) to develop Turkish fighter jets. "We have worked closely with Kale throughout this process and the offer that remains on the table is for a co-developed solution delivered through our JV company, TAEC," a Rolls-Royce spokesman told Reuters on Monday.
Kale Group is waiting for Turkey's defence industry directorate to respond to its final offer for a new fighter jet programme, a company official said on Monday, after Britain's Rolls-Royce said it had scaled back efforts to join the programme. Turkey's Kale and British engine maker Rolls-Royce Holdings Plc presented a joint bid to develop the engine on Turkey's TF-X national fighter jet project last year.