|Bid||905.40 x 344600|
|Ask||905.60 x 265700|
|Day's Range||903.00 - 930.80|
|52 Week Range||747.00 - 1,104.50|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.12 (1.29%)|
|1y Target Est||974.81|
The Brexit saga continues as Jeremy Corbyn officially announces that Labour will back the second referendum. Yahoo Finance's Adam Shapiro, Julie Hyman, and Oscar Williams-Grut discuss.
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.
LONDON—British Airways’ parent company is making a big order for Boeing 777-9 airliners to replace its aging fleet of jumbo jets, amplifying a shift among carriers away from four-engine behemoths to more-efficient twin-engine planes. International Consolidated Airlines Group SA, commonly known as IAG, said Thursday it would place a firm order for 18 of the long-range, wide-body aircraft and take options for up to 24 more. The 777-9s will replace British Airways’ 747s, updated versions of Boeing’s venerable jumbo that first flew 50 years ago.
The FTSE 100 ended 0.5 percent lower while the more domestically focused FTSE 250 handed back the day's losses to be up 0.1 percent as Inmarsat jumped on M&A chatter. Investor sentiment was grim as the White House said U.S. President Donald Trump and North Korean leader Kim Jong Un did not reach an agreement at the end of two days of meetings.
Rolls-Royce dropped out of the race to power Boeing's planned mid-market aircraft on Thursday, saying it did not want to risk more disruption for its airline customers by rushing out a product without extensive testing. Britain's Rolls-Royce, which makes engines for large civil aircraft and military planes, wants to avoid a repeat of the problems with its Trent 1000 engine that powers Boeing's Dreamliner 787. Chief Executive Warren East said he had taken the "very difficult decision" to withdraw from the Boeing competition because it couldn't make the development of its new UltraFan architecture fit the timetable for the aircraft.
Rolls-Royce booked a GBP790 million charge on its Trent 1000 line of engines, and a GBP186 million charge on its Trent 900 line. Looking ahead, Rolls-Royce guided for an underlying operating profit of GBP700 million, plus-or-minus GBP100 million in 2019. “We are unable to commit to the proposed timetable to ensure we have a sufficiently mature product which supports Boeing’s ambition for the aircraft,” Rolls-Royce said.
British Airways owner IAG weathered rising fuel costs and air traffic control disruption to just beat expectations for its 2018 results on Thursday, and said it would order 18 Boeing 777-9 planes. The company said earnings for 2019 would be flat on the year, but a special dividend announced after the market closed on Wednesday helped its shares rise 2.4 percent in early deals. "It's fuel," Chief Executive Willie Walsh explained, adding a rising fuel bill had been a headwind in 2018.
Boeing Co has been shifting spare parts between its distribution centres in the United Kingdom and elsewhere in the world in preparation for Brexit, an executive said on Tuesday. Britain's potential exit from the European Union without a deal has proven a headache for the global aerospace industry which relies heavily on integrated supply chains and parts distribution centres. "We are having our spares positioned in the right place," Ken Shaw, the head of supply chain management for Boeing's services business, told Reuters at the Australian International Airshow.
Britain's government on Monday said it had awarded Rolls Royce a £235-million contract to maintain nuclear submarines. Rolls Royce will provide support and advice for systems on board the current fleet of Trafalgar, Vanguard and Astute class submarines until 2022, the defence ministry said. "This year, we mark half a century since British nuclear-armed submarines began their continuous patrol of waters around the world," Gavin Williamson, the defence minister said.
The delay in reaching an agreement on Britain's scheduled March 29 exit from the European Union is turning into a full-blown economic crisis, the head of the country's aerospace industry group said on Monday. "Today we are able to track the very real economic damage being caused by a poorly managed political process of agreeing the Withdrawal Agreement and Political Declaration," ADS Chief Executive Paul Everitt said. Earlier this month, Airbus said it would have to make "difficult decisions" about future investment if Britain leaves the EU without a transition deal to cushion the shock.
Rolls-Royce said it wouldn’t comment beyond noting the news. The SFO launched its probe into GlaxoSmithKline in 2014, looking at the pharmaceutical giant’s operations in a number of countries, including China. Last year, the SFO had requested additional information on the company’s use of third-party advisers.
The UK's Serious Fraud Office (SFO) has abandoned two of its largest and longest investigations, into alleged bribery at aero engine maker Rolls-Royce and drugs maker GlaxoSmithKline, in a move described by one lawyer as "extraordinary". The decision, which comes under SFO Director Lisa Osofsky who took the helm last August pledging to review the agency's caseload, weed out weaker cases and propel others forward, underlines the difficulties of prosecuting senior executives. Rolls-Royce paid almost 500 million pounds ($650 million) under a Deferred Prosecution Agreement (DPA) with the SFO in 2017, drawing a line under a four-year investigation into allegations of criminal conduct spanning three decades, at least seven jurisdictions and three of the company's business sectors.
Europe's Airbus is scrapping production of the A380 superjumbo, with lacklustre sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. The world's largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing's legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets. Confirming a shake-up first reported by Reuters, Airbus said on Thursday the last A380 would be delivered in 2021.
Loved by passengers, feared by accountants, the world's largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe's greatest industrial adventures and reflects a dearth of orders by airline bosses unwilling to back Airbus's vision of huge jets to combat airport congestion.
DUBAI (Reuters) - Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets. Emirates also said it had signed an new deal ...
The FTSE index increased 0.8 percent after touching its highest level since Oct. 10, handily outperforming its European peers, while the midcaps were also up 0.8 percent. British lawmakers will face a choice between Prime Minister Theresa May's divorce deal or a long extension to the March 29 deadline for leaving the European bloc, May's chief Brexit negotiator Olly Robbins was overheard saying in a Brussels bar.
Airbus (AIR.PA) is nearing a decision to axe production of the world's largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on Feb. 14, industry sources and analysts said. The move to shut production of the A380 superjumbo earlier than expected coincides with a review of purchases of very large aircraft by the plane's biggest customer, Emirates, which has a fleet of 109 superjumbos and 53 left on order. Due to weaker demand, the Dubai carrier is expected to scale down these purchases and place greater focus on smaller models in a shake-up that could have implications for both Airbus and its U.S. rival Boeing (BA.N), industry sources said.
Airbus is nearing a decision to axe production of the world's largest airliner and may give an update with full-year earnings on Feb. 14, industry sources and analysts said. The fate of the A380 superjumbo has been in doubt since a vital order from Emirates foundered over inconclusive engine talks, forcing Airbus and the airline to weigh an alternative plan that would trigger a premature halt to A380 production. Under the proposed reshuffle, first reported by Reuters, Airbus hopes to broker a deal that would see Emirates switch part of its order to smaller models like the A350 or A330, while eking out a few last-minute A380 orders from British Airways.