RR.L - Rolls-Royce Holdings plc
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 231.60 |
| Open | 231.70 |
| Bid | 216.60 x 0 |
| Ask | 217.40 x 0 |
| Day's Range | 212.10 - 232.20 |
| 52 Week Range | 2.80 - 858.60 |
| Volume | 4,813,774 |
| Avg. Volume | 17,272,052 |
| Market Cap | 4.196B |
| Beta (5Y Monthly) | 0.94 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -69.10 |
| Earnings Date | Aug 27, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Apr 23, 2020 |
| 1y Target Est | 974.81 |
- Reuters
Exclusive: Rolls-Royce plans $1.9 billion share issue to bolster finances, sources say
Rolls-Royce <RR.L> is planning a share issue to raise up to 1.5 billion pounds ($1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources told Reuters. The British aerospace engineer is expected to pursue a rights issue with new shares offered to existing investors at a discount to the market price, they said. The Derby-based business, whose shares have tanked nearly 60% since early March, is in talks with BNP Paribas, Morgan Stanley and Jefferies about the share sale, which could take place in September, two of the sources said.
- Reuters
Other nations interested in UK's Tempest fighter jet project - Leonardo CEO
The chief executive of Italian defence firm Leonardo said that other nations are interested in joining Tempest, the British-led project to build a new fighter jet with Italy and Sweden. Britain launched the project in 2018 and has since been joined by Italy and Sweden in a pact to co-operate on fighter jets and get Tempest off the ground as it vies with a rival Franco-German project to win a share of future military budgets. BAE Systems, Britain’s biggest defence company, UK engine maker Rolls-Royce, European missile maker MBDA and Swedish defence company Saab are amongst the companies working to develop Tempest, meant eventually to replace the Eurofighter Typhoon from 2040.
- Motley Fool
GATX Corp (GATX) Q2 2020 Earnings Call Transcript
Image source: The Motley Fool. GATX Corp (NYSE: GATX)Q2 2020 Earnings CallJul 21, 2020, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.
- Barrons.com
Rolls-Royce Has Been a Mess. One Firm Says It’s Time to Stop Shorting.
Rolls-Royce has had a difficult 12 months, even before the Covid-19 pandemic destroyed aviation demand. But the share price drop may reflect the concerns.
- MarketWatch
Pound advances, sending FTSE 100 lower
The British pound advanced on Thursday, with the gains for the U.K. currency proving a drag for the shares of British exporters.
- FX Empire
Rolls Royce Share Price: Rolls Royce Expects Better H2 as it Bolsters Liquidity
The last two years have not been good ones for the Rolls Royce share price, and CEO Warren East’s strategy plan to turn the business around.
- Reuters
UK's Sunak to map out next moves in COVID recovery plan
British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown unemployment crisis in the world's sixth-biggest economy. Sunak is already on course to take Britain's borrowing to World War Two levels as he subsidises 9 million jobs - equivalent to more than a third of private-sector employees - alongside other emergency measures. The 40 year-old former Goldman Sachs analyst, who only became finance minister in February, has won plaudits for setting aside the pro-market instincts of his Conservative Party and putting the state at the heart of Britain's COVID-19 response.
- Reuters
Norwegian Air cancels 97 Boeing planes, files legal claim for compensation
Norwegian Air has cancelled orders for 97 Boeing aircraft, including 92 of the 737 MAX and five 787 Dreamliners, the Oslo-based budget carrier said in a statement on Monday. "Norwegian has in addition filed a legal claim seeking the return of pre-delivery payments related to the aircraft and compensation for the company's losses related to the grounding of the 737-MAX and engine issues on the 787," it said.
ReutersRPT-FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales
Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic. Numbers on the current age of fleets, together with indications given by some airlines, suggest between 1,500 and 2,600 aircraft could be retired over the next 12 months, more than three times as many as in a typical year.
- Reuters
FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales
Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic. Numbers on the current age of fleets, together with indications given by some airlines, suggest between 1,500 and 2,600 aircraft could be retired over the next 12 months, more than three times as many as in a typical year.
- MarketWatch
London Stock Exchange is worst-performing U.K. blue chip as trading hour debate heats up
The London Stock Exchange was the worst performer of the U.K. blue chips on Monday, as market volatility dies down with the economy improving.
- MarketWatch
Airlines, retailers, even German companies — the businesses borrowing billions in coronavirus loans from the Bank of England
The Bank of England has lent more than £16 billion of coronavirus loans to 53 U.K. and overseas companies so far.
- MarketWatch
Pound tops $1.25 as FTSE 100 extends gains
The pound on Tuesday moved past the $1.25 level for the first time in more than a month, getting a bid as traders price in a more optimistic global environment.
- MarketWatch
European stocks climb for fourth straight session on growing enthusiasm over economies reopening
European stocks advanced on Thursday for a fourth straight session, on building enthusiasm over the reopenings of economies across the world.
- MarketWatch
Rolls-Royce shares slump as hedge fund sells stake
Rolls-Royce was the worst performing of the U.K. blue chips on Thursday, as a hedge fund sold its stake in the engine maker.
- MarketWatch
TUI surges in London as airline stocks rally on summer tourist season hopes
Shares of U.K.-listed, German-headquartered travel operator TUI surged nearly 40% on hopes for summer tourist activity.
- Investing.com
COVID-19: Live Updates for Monday, May 25
Rolling updates on the latest developments and headlines from around the world on the COVID-19 pandemic.
- MarketWatch
Rolls-Royce to cut 9,000 jobs as aviation reels
Engine maker Rolls-Royce said Wednesday it plans to cut some 9,000 jobs globally as it grapples with the collapse in air travel due to the COVID-19 pandemic.
- MarketWatch
Britain sells its first bonds at a negative interest rate
The U.K. on Wednesday became the latest country to sell bonds at negative interest rates, showing investor demand for government securities is so high than some are willing to pay for the privilege.
- Barrons.com
Rolls-Royce to Axe a Fifth of Its Workforce as Boeing and Airbus Scale Back Orders
The restructuring will see the U.K.-based maker of turbines and engines for passenger jets and military aircraft lose at least 9,000 workers from 52,000.
Reuters VideosRolls-Royce to cut 9,000 jobs amid air travel slump
Rolls-Royce will cut at least 9,000 jobs and could shut some of its factories. The jet-engine maker made the announcement Wednesday (May 20), and said the cuts were to cope with a severe decline in air travel. Aerospace engineering is the key part of Rolls-Royce business. It supplies engines to both Boeing and Airbus, and is paid by airlines based on how many hours they fly. Its earnings are thus certain to take a hit if air travel demand takes years to recover from the global health crisis. Rolls-Royce relies on aerospace for just over half its annual revenues. In 2019, that totalled around 15 billion pounds – or $18 billion. The company said the job cuts would mostly be in its civil aerospace unit, and could generate annual cost savings of around $1.6 billion. CEO Warren East indicated the majority of jobs cuts will be in the UK where most of its aerospace employees are based. In total, Rolls-Royce hires 52,000 people worldwide and stands to lose 17% of its workforce after Wednesday’s announcement.
- Barrons.com
Why Grounded Aircraft Is Hurting Rolls-Royce Stock
British aircraft-engine maker Rolls-Royce Holdings had turned the corner after a number of problems. But the impact of coronavirus has caused the stock to plunge.
- Investing.com
Morgan Stanley Sticks to Their Hold Rating for Rolls-Royce Holdings plc
Morgan Stanley (NYSE:MS) analyst Andrew Humphrey maintained a Hold rating on Rolls-Royce (OTC:RYCEY) Holdings plc on Sunday, setting a price target of £4.6, which is approximately 24.32% above the present share price of $3.7.
- Reuters
PRESS DIGEST- British Business - May 8
The following are the top stories on the business pages of British newspapers. Telefónica SA, the Spanish owner of O2, and Liberty Global Plc, that owns Virgin Media, have agreed to a 31 billion pounds ($38.42 billion) deal to merge their two UK operating businesses. British Banks stand to lose 80 billion pounds due to the coronavirus crisis but will be able to withstand because of their high levels of capital, the Bank of England said on Thursday.
