|Bid||854.00 x 344600|
|Ask||890.00 x 265700|
|Day's Range||866.20 - 887.80|
|52 Week Range||747.00 - 1,104.50|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||7.89|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||0.12 (1.36%)|
|1y Target Est||974.81|
Torsten Müller-Ötvös, the CEO of Rolls-Royce Motor Cars, is in a celebratory mood. North America remains a third of sales, with Canada posting a particularly good year—sales are up 27%—and there’s been 22% growth for the U.S. The interesting thing here is that the record sales were accomplished without the aid of the new Cullinan SUV, which is very likely to become the company’s biggest-selling model.
Rolls-Royce signed a Deferred Prosecution Agreement (DPA) with the SFO in a 497 million pound settlement almost two years ago, clearing the company but allowing for continued investigation and potential prosecution of individuals. "Some individuals were notified that they are no longer suspects in the Rolls-Royce investigation," the SFO said on Monday.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Rolls-Royce Holdings Plc has secured ...
Rolls-Royce (RR.L) expects its 2018 group profit and free cash flow to be in the upper half of its guidance range, the British engineering company said on Wednesday, shrugging off problems with some of its aircraft engines. Rolls, whose main business makes engines for large airliners, had forecast group operating profit of 400 million pounds, give or take 100 million pounds, and free cash flow of 450 million, give or take 100 million pounds. It said it now expects its results to hit the upper half of those ranges after airlines flew their planes for more hours, helping Rolls earn more from maintenance and related activities.
The UK Serious Fraud Office (SFO) defended itself on Thursday against criticisms of "serious failings" after the collapse of a high-profile re-trial of former Tesco (TSCO.L) executives, insisting the prosecution had been in the public interest. New SFO director Lisa Osofsky has pledged to take on the "big guys" since she took the helm in August, a year after the elite investigator and prosecutor narrowly avoided a government push to roll it into a broader crime-fighting force. Judge John Royce ruled that Christopher Bush and John Scouler had "no case to answer" and that the prosecution was in parts too weak to put before a jury.
Uptake provides artificial intelligence software to industrials companies to help them predict the performance of complex machines by combining data analytics and machine learning. Rolls-Royce, whose Trent engines power Boeing Co's (BA.N) 787 Dreamliner jets and Airbus SE's (AIR.PA) new A330neo widebody aircraft, has been grappling with problems affecting blades on some of the engines, which has resulted in delayed aircraft deliveries for the planemakers. Uptake's software will empower Rolls-Royce with a number of disparate datasets, providing insights into the engine performance and improving the availability of the engine fleet for airline customers, the companies said.
Airbus (AIR.PA) is poised to resume stalled deliveries of jets to China's debt-laden HNA Group, an Airbus schedule showed on Monday, but deliveries of over $1 billion of large jets remain behind schedule after months of wrangling over late payments. Visitors to an Airbus delivery centre in Toulouse on Monday saw at least two Airbus A330 aircraft and one smaller A320-family jet in position for handover to HNA-affiliated airlines. "Some (HNA) planes will be delivered," an industry source said, though another cautioned that financing details could still take several more weeks to finalise.
Europe's Airbus (AIR.PA) delivered its first A330neo jet to TAP Portugal on Monday as it seeks to trump U.S. rival Boeing (BA.N) in the fiercely competitive battle at the lower end of the market for long-haul jets. The face-off between the A330neo and Boeing 787 pits two generations of jetliner against each other in one of the most crowded but potentially lucrative parts of the aircraft market, predicted to represent $1 trillion in sales over 20 years. Airbus planemaking chief Guillaume Faury said he expected Airbus to catch up on delayed A330neo deliveries by end-2019.
A race by aerospace giants Rolls-Royce (RR.L) and Airbus (AIR.PA) to stockpile parts before Brexit is pushing some small suppliers to breaking point. With just over four months until it leaves, and political bickering continuing, Britain is yet to sign off on its divorce terms with the European Union, forcing companies to prepare for a disorderly exit from the world's largest trading bloc. Supporting over 120,000 jobs, the UK's aerospace sector is the second largest in the world and depends on smooth cross-border trade.
British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her job. More than two years after the United Kingdom voted to leave the EU, it is still unclear how, on what terms or even if it will leave as planned on March 29, 2019. Just hours after announcing that her senior ministers had collectively backed her divorce deal, May was thrust into her premiership's most perilous crisis when her Brexit Secretary Dominic Raab resigned on Thursday to oppose the agreement.
PARIS/CHICAGO (Reuters) - U.S. carrier Delta Air Lines (DAL.N) said on Friday it ordered 10 Airbus (AIR.PA) A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model. As part of the order, Delta also confirmed it was deferring delivery of 10 pricier A350 jets to 2025-26. Delta previously had 25 of each type of plane on order but said last year it was reviewing its wide-body requirements.
LONDON/PARIS (Reuters) - UK business lined up to help Prime Minister Theresa May sell her draft Brexit agreement but continued to plan for Britain to crash out of the European Union without a deal as May fought for her political survival on Friday. "This agreement is only a draft," Rolls Royce Chief Executive Warren East told BBC radio. Europe's largest aerospace group, Airbus (AIR.PA), is working on the assumption of a no-deal Brexit, according to a staff memo seen by Reuters.
The British parliament will vote down Prime Minister Theresa May's draft Brexit deal so she will have to go back to the European Union for a different deal, one of her former Brexit minister said on Friday. ...
Business leaders expressed growing alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading threatened to unravel, sending stock prices and the pound plunging. Just 12 hours after British Prime Minister Theresa May announced that her cabinet had agreed to the terms of the draft agreement, Brexit minister Dominic Raab and work and pensions minister Esther McVey quit, saying they could not support it. "We must therefore continue to prepare for the worst-case scenario, which is what a no-deal Brexit would represent.
General Electric (GE.N) and Rolls Royce (RR.L) are the two finalists to supply engines for a new long-haul jet developed by a Russian-Chinese joint venture that aims eventually to switch to a Sino-Russian engine, a chief designer of the aircraft said. Russia's United Aircraft Corporation and the Commercial Aircraft Corp of China Ltd kickstarted full-scale development of the CR929 widebody jet programme last year, to build an aircraft that can muscle into a lucrative market now dominated by Boeing Co's (BA.N) 787 and Airbus SE's (AIR.PA) A350 jets. "We are now choosing one of two suppliers, General Electric's GEnX and Rolls Royce's Trent 7000," Maxim Litvinov, one of the two chief designers, told Reuters on Wednesday, adding that the venture planned to make a decision by the first half of next year.
BEIJING (Reuters) - China Eastern Airlines said on Tuesday it had signed a 10.13 billion yuan (1.12 billion pounds) engine and maintenance agreement with Rolls-Royce. The deal, signed during China International ...
DUBAI/HONG KONG (Reuters) - Emirates is edging towards a deal with Rolls-Royce (RR.L) to power its latest Airbus (AIR.PA) A380 superjumbos but has not yet reached a final agreement, the Dubai-based airline said on Sunday. The fate of a lifeline order for up to 36 of the double-decker aircraft, of which Emirates already has over 100 in operation, has been widely questioned due to inconclusive talks over a separate deal between Emirates and engine makers. "We are getting closer (to a deal with Rolls-Royce) but have not crossed the line yet," a spokesperson for the Dubai-based carrier said, asked about the status of negotiations with the British engine maker.
European business leaders said on Thursday that British Prime Minister Theresa May must find a Brexit deal with the European Union as quickly as possible because uncertainty is damaging investment and undermining growth. The European Round Table of Industrialists met May in her London office earlier as she looks to convince the business community that Britain remains a good place for them to invest - even as stalled Brexit talks mean the future terms of cross border trade are highly uncertain. "We are concerned that time is tight to avoid a no-deal Brexit, which would damage both the UK and the EU27 economies," the group said in an emailed statement afterwards.
Budget airline Norwegian Air (NWC.OL), which is in talks with an unnamed partner on a fleet joint venture, plans to provide an update on the deal before the end of the year and has "many interested parties", its chief financial officer said. "The aim is to find a partner that can take a bit of equity. Norwegian doesn't necessarily have to be a majority shareholder in that JV," Geir Karlsen told reporters in London on Tuesday.
Airbus (AIR.PA) plans to deliver its delayed A330-900 aircraft to launch customer TAP Portugal "imminently", an executive with the European planemaker said on Tuesday. A smaller 250-seat sister plane, the A330-800, is close to staging its first flight, Mark Pearman-Wright, head of leasing and investor marketing at Airbus, added while speaking at the Airline Economics conference in Hong Kong. Airbus and Boeing have been locked in a fierce battle for sales of relatively small wide-body jets like the A330neo, which has been struggling to win orders against the 787 Dreamliner.
Airbus (AIR.PA) will have to equal a record final quarter for deliveries if the European planemaker is going to meet its overall 2018 targets following a series of production setbacks. Flight Ascend, a UK-based consultancy which monitors fleet developments worldwide, told aircraft investors in Hong Kong that Airbus may struggle to meet its target for 800 total aircraft deliveries this year. The warnings came as Airbus prepares to post third-quarter earnings on Wednesday, when all eyes will be on whether it keeps its full-year target of 800 jet deliveries.
The British manufacturer—no longer affiliated with the luxury car maker—blamed the setback on production problems with a new engine, the Trent 7000, used to power Airbus A330neo wide-bodies. Boeing and Airbus have struggled this year to get planes into customer hands because of production problems. Boeing has had 737 single-aisle planes lined up on the ramp at its Seattle production site awaiting engines.