|Bid||905.00 x 344600|
|Ask||950.00 x 265700|
|Day's Range||927.06 - 941.80|
|52 Week Range||800.20 - 1,010.50|
|PE Ratio (TTM)||4.11|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||949.94|
PARIS/LONDON (Reuters) - Airbus issued its strongest warning yet over the impact of Britain's departure from the European Union, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk. In a memorandum issued late on Thursday, Airbus said current plans for a transition period ending in December 2020 were still too short for the European planemaker to adapt its supply chain and would prevent it from expanding its British supplier base. Airbus, which makes wings for all its passenger jets in Britain, said that leaving both the EU's single market and customs union immediately and without any agreed transition would lead to "severe disruption and interruption" of production.
Britain is confident of getting a good trade agreement with the European Union when it leaves the bloc which will include the aerospace sector, Prime Minister Theresa May's spokeswoman said after Airbus warned of the impact of a no-deal withdrawal. Airbus said late on Thursday that leaving the EU without a deal in place would force it to reconsider its long-term position and put thousands of British jobs at risk. "We are confident that we are going to get a good deal, one that ensures that trade is as free and frictionless as possible, including for the aerospace sector," May's spokeswoman said on Friday.
Let’s talk about the popular Rolls-Royce Holdings plc (LON:RR.). The company’s shares saw a decent share price growth in the teens level on the LSE over the last few months.Read More...
Three Rolls-Royce Holdings Plc employees once flew from the U.K. to the south of France to erect a company sign because the team didn’t trust a local contractor to adhere to the jet-engine maker’s branding policy. The tales of corporate largess that Harry Holt, a former commanding officer in the British army, told an audience of investors on Friday highlight how Britain’s flagship manufacturer has more to do than cut jobs. As Holt and East tell it, it’s a matter of reshaping Rolls-Royce’s culture to make it more agile and productive -- and ultimately capable of responding to market shocks.
Engine problems at Britain's Rolls-Royce (RR.L) have rattled the aviation industry but have not slowed sales of the Boeing 787 Dreamliner, Boeing Co's (BA.N) commercial sales chief said. Privately, Boeing executives are said to be frustrated about the problems which have left dozens of 787s grounded. Boeing sees continued 787 demand but it is too early to think about raising output beyond existing plans, Mounir said.
By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares sank on Friday as a tariff dispute between the United States and China escalated, triggering a sharp selloff in trade-sensitive ...
Rolls-Royce (RR.L) said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain's best known engineering firm. Rolls said it was well placed to exceed a target of generating free cash flow of 1 billion pounds ($1.3 billion) by 2020. In the mid-term it is aiming for free cash flow per share to exceed 1 pound, up from 15 pence per share it made in 2017.
Rolls-Royce said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain's best known engineering firm. Rolls said it was well placed to exceed a target of generating free cash flow of 1 billion pounds ($1.3 billion) by 2020. In the mid-term it is aiming for free cash flow per share to exceed 1 pound, up from 15 pence per share it made in 2017.
The chief executive of Rolls-Royce (RR.L), which is under pressure to fix problems with its Trent 1000 engines, said that so far those issues did not extend to its other engines, the Trent XWB and the Trent 7000. "Because of the issues on Trent 1000 we're doing an awful lot more inspection of XWB engines which is giving us still a lot of confidence that we're not seeing early signs of the turbine issues," CEO Warren East told investors on Friday.
U.K. stocks fell Friday, pulling back from a nearly four-week high, with mining stocks knocked by worries about escalating tensions between the U.S. and China on trade issues.
The CFO of Rolls-Royce (RR.L) told investors that free cash flow could reach 1.2 billion pounds ($1.6 billion) by the end of 2020, adding extra detail to the British engineering company's earlier guidance for the figure to exceed 1 billion pounds. Shares in Rolls were up 8 percent in midday trading after the company said earlier on Friday it would exceed its 2020 guidance for free cash flow of 1 billion pounds for 2020 and as it announced new ambitious mid-term goals.
Rolls-Royce remains confident that the blade durability problems affecting its Trent 1000 engine will not be replicated in its Trent XWB or Trent 7000 powerplants.
The chief executive of British engine-maker Rolls-Royce (RR.L), asked about the potential for Boeing (BA.N) to develop a "new mid-market airplane", said there was a reason for the gap in the market between wide body and narrow body jets.
The chief executive of Rolls-Royce (RR.L) said that repeat inspections of its problematic Trent 1000 engine were showing better than expected results. The company is under pressure from airline customers due to parts not lasting as long as expected on the Trent 1000 which powers the Boeing (BA.N) 787 Dreamliner, meaning it has to make regular checks on the parts, which has led to some planes being grounded. "The good news is that we've gone through the peak of that and the incidence of aircraft on the ground turned out to be less than we feared and the incidence of failure on the repeat inspections...so far is going better than we had anticipated," CEO Warren East told investors on Friday.
Rolls-Royce rallied 13 per cent on Friday after the maker of jet engines said it is “well-placed” to exceed its target of £1bn of free cash flow by 2020. The British group led the benchmark FTSE 100 index ...
When Warren East, chief executive, this week unveiled the most drastic job cuts programme of the past 18 years in a bid to force through a radical transformation of the UK’s premier engineer, he did not even bother to read the announcement. Rolls-Royce’s problem in investors’ eyes has long been that financial results have been opaque and volatile.
Rolls-Royce Holdings Plc said it’s set to exceed a target of 1 billion pounds ($1.3 billion) in free cash flow by 2020 following the announcement of 4,600 jobs affecting white-collar staff. Rolls has set a “mid-term” ambition of achieving more than 1 pound per share in free cash, the London-based company said in a statement Friday. “We are coming out of a significant investment cycle and are poised to deliver much improved returns,” Chief Financial Officer Stephen Daintith said in the release, adding that the company needs to focus on reducing the loss it books per engine delivery while boosting margins from the overhaul and maintenance activities that drive earnings.
Rolls-Royce Holdings Plc shares surged after the U.K. jet-engine maker predicted that 4,600 job cuts will help spur free cash flow beyond a 1 billion-pound ($1.3 billion) target by 2020. Chief Executive Officer Warren East told investors in London that the job losses announced Thursday are necessary as he seeks to make Rolls-Royce a simpler and more dynamic organization.
Aircraft engine manufacturer Rolls-Royce keeps encountering new problems with its Trent 1000 engine. This will help its rival GE gain market share on Boeing's fast-selling 787 Dreamliner.
British aircraft-engine maker Rolls-Royce Holdings PLC, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing Co. 787 Dreamliners. The job cuts are Rolls-Royce’s largest since October 2001 when the company shed 5,000 jobs in response to a downturn in the global economy after the Sept. 11, 2001 terrorist attacks in the U.S. The move is the latest by Chief Executive Warren East to improve profitability at Rolls-Royce, which lags its U.S. rivals such as General Electric Co. The effort has been beset by setbacks, including faster wear-and-tear on components used on different engine models, including those used on some Dreamliner long-haul jets and others powering Airbus SE A380 superjumbos.
MILAN/LONDON (Reuters) - European shares jumped on Thursday after the European Central Bank said interest rates would stay at record lows at least through the summer of 2019 as it announced an end to its massive stimulus plan. Stock benchmarks across Europe enjoyed their best day in 2-1/2 months as they benefited both from a weaker euro and the surprise extension of lower interest rates. The pan-European STOXX 600 (.STOXX) and the euro zone STOXX (.STOXXE) jumped 1.4 and 1.3 percent, while the exporter-heavy German index (.GDAXI) gained 1.7 percent as the euro fell to a session low following the ECB's statement.
Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to reduce costs and complexity and make Britain's best known engineering company more profitable and dynamic. The announcement, which East said is not linked to the Trent 1000 engine issue, marks the biggest round of job cuts since the company had to retrench during the aviation crisis that followed the 9/11 attacks in the United States in 2001. "Rolls-Royce is at a pivotal moment in its history," East told reporters.
The decision by Rolls-Royce Holdings Plc to cut about 9 percent of its workforce prompted one big question on Thursday: Why now? Warren East took over as chief executive three years ago with a mission to transform the productivity of the aircraft engine-maker and to deliver on an unprecedented rollout of new engines. Arguably the last thing Rolls-Royce needs right now is yet more disruption.
The chief executive of Rolls-Royce said a new round of job cuts announced on Thursday would not affect the teams working to fix problems with its Trent 1000 engines. Warren East told reporters on a call that the 4,600 job cuts were all in positions connected to corporate support functions and management, not manufacturing or engineering. East conceded that the timing of the cuts while the company is trying to fix the Trent 1000 problems was "incongruous".
Rolls-Royce is axing 4,600 jobs in what will be the UK engineer’s biggest transformation in nearly 20 years in a bid to drive through the change that has resisted years of serial restructuring. , chief executive, said Rolls-Royce was at a “pivotal point” in its history as he announced plans for cuts that will take out roughly 10 per cent of management and support staff, and hit the group’s historic Derby headquarters particularly hard. It would not only ensure Rolls-Royce’s aircraft engines were more competitive as its ramps up production to record levels.