|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.96 - 13.06|
|52 Week Range||11.01 - 14.55|
|PE Ratio (TTM)||8.75|
|Forward Dividend & Yield||0.12 (0.90%)|
|1y Target Est||13.67|
Rolls-Royce Holdings Plc fell the most in more than a year after the in-flight shutdown of one of its engines on an Airbus SE A350 jet raised concerns that the model may be the latest afflicted by a design defect. The captain of the Iberia flight from New York to Madrid made an emergency landing in Boston 1 1/2 hours after takeoff when a technical failure was detected, the airline said Wednesday. “We are aware of the issue and will be working closely with the airline to support them,” Rolls-Royce said by email following the Iberia incident, adding that it expects the engine to achieve market-leading levels of reliability.
Rolls-Royce Holdings Plc has begun offering its own battery-powered ship engines in a move that signals the gathering momentum behind a push toward hybrid and ultimately all-electric vessels.
0913 GMT - The pound may rise slightly if the Bank of England raises interest rates at 1100 GMT, as the market expects, but limited potential for further rate increases will contain gains, says Lewis Thorn, head of FX dealing at Investec. 0839 GMT - The German life insurance industry remains hampered by a combination of low interest rates and high guarantee returns attached to policies sold in the past which is keeping a lid on profitability, says Moody’s investors Service. “For German life insurers, low interest rates remain a key credit challenge, as their investment portfolios consist largely of fixed-income securities,” said Dominic Simpson, a vice president and senior credit officer at Moody’s. “Even if interest rates continue to rise, a significant duration mismatch between their assets and liabilities will force them to continue to reinvest maturing assets at lower yields for some time.” The property/casualty (P&C) insurance sector’s outlook remains stable, it adds.
British engine maker Rolls-Royce (RR.L) upgraded its 2018 guidance on a stronger than expected performance across its business, saying that it could cope with the rising cost of fixing a problem with its Trent 1000 engines. The company, which makes engines for large civil aircraft, military planes, ships, trains and for other industrial uses, said that both profit and cash flow would come in at the upper half of a guided range this year. The upgrade to guidance comes despite the huge costs Rolls is incurring from durability issues with parts on its Trent 1000 engine which powers the Boeing (BA.N) Dreamliner 787 jet and that has left some planes grounded, angering airline customers.
British engine maker Rolls-Royce upgraded its 2018 guidance on a stronger than expected performance across its business, saying that it could cope with the rising cost of fixing a problem with its Trent 1000 engines. The company, which makes engines for large civil aircraft, military planes, ships, trains and for other industrial uses, said that both profit and cash flow would come in at the upper half of a guided range this year.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Brussels rejects UK's financial services Brexit plan https://on.ft.com/2JKau1x ...
Airbus SE Chief Executive Officer Tom Enders bashed U.K. Prime Minister Theresa May’s “unraveling” Brexit plan, following on similar criticism leveled Tuesday by his counterpart at engine-maker Rolls-Royce Holdings Plc. Airbus is activating contingency plans and will stockpile parts in preparation for border delays after the U.K. exits the European Union next year, Enders said Wednesday at the Farnborough air show southwest of London.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Revolut reports suspected money laundering on its system ...
Rolls-Royce could start stockpiling parts in months if it looked like Britain was heading towards a disorderly exit from the European Union, the CEO of the UK engine-maker said, expressing frustration with the lack of clarity on the Brexit process. Britain is due to leave the EU in less than nine months, but there is little clarity over its future relationship with the world's biggest trading block, creating a headache for companies that rely on the smooth flow of goods and parts across borders.
Rolls-Royce Holdings Plc Chief Executive Officer Warren East warned the aircraft enginemaker may soon need to start stockpiling parts after Prime Minister Theresa May backpedaled on her latest customs proposals as part of her Brexit blueprint. If there’s no clarity on trading arrangements, the London-based company will decide on building a “buffer” of parts to sustain production in the fourth quarter, East said at the U.K.’s biennial Farnborough Air Show. Rolls-Royce is meeting with suppliers to help advise on how to manage the divorce from the bloc.
British engine-maker Rolls-Royce (RR.L) has provided Boeing (BA.N) with proposals for an engine for the new middle of the market jet being considered by the U.S. planemaker, Rolls-Royce's chief executive said on Tuesday. "Boeing have asked us for proposals, we've produced some proposals. Boeing is studying a gap between narrowbody jets and long-haul aircraft for a potential new mid-market airplane that could seat 220 to 260 passengers.
Engine maker Rolls-Royce Holdings Plc plans to offer airlines maintenance credits, limiting direct compensation for grounding Boeing Co. 787 planes in a bid to minimize the impact of unexpected wear issues on cash flow, according to people familiar with the matter. A spokesman for London-based Rolls-Royce declined to comment. Chief Executive Officer Warren East has already cut back on travel expenses, IT upgrades and spending on new programs in an effort to meet the cash goal.
British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. Rolls-Royce said on Sunday it had drawn up plans for an electric vertical take-off and landing (EVTOL) vehicle, or flying taxi, which could carry four to five people at speeds of up to 250 miles per hour for approximately 500 miles. Rolls-Royce's design will be showcased in digital form at the Farnborough Airshow, which starts on Monday.
British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. Rolls-Royce said on Sunday it had drawn up plans for an electric vertical take-off and landing (EVTOL) vehicle, or flying taxi, which could carry four to five people at speeds of up to 250 miles per hour for approximately 500 miles. Long the stuff of science fiction and futuristic cartoons such as "The Jetsons", aviation and technology leaders are working to make electric-powered flying taxis a reality, including Airbus, U.S. ride- sharing firm Uber and a range of start-ups including one backed by Google co-founder Larry Page, called Kitty Hawk.
Japanese carrier ANA Holdings on Monday cancelled 176 flights from July 13 through July 22 to inspect its Rolls-Royce Holdings engines, in addition to 113 flights it already cancelled for the preceding ...
Rolls-Royce Holdings said it would sell its loss-making commercial marine business to Norway's Kongsberg Gruppen ASA for 500 million pounds ($661 million), in the latest reshaping of the engineering company by CEO Warren East. Since taking charge in 2015, East has led a turnaround of Rolls, which suffered years of falling profits and multiple profit warnings due to a weak oil and gas market and declines in some of its older aero-engine programmes.
The British aircraft-engine maker said the sale followed a strategic review of its commercial marine operations that was announced in January. Rolls-Royce said the proceeds will be used to improve the resilience of its balance sheet and provide additional capital for pursuing opportunities to drive returns for the group.
Japanese airline ANA Holdings Inc said it will cancel 113 domestic flights between July 6 through July 12 to inspect Rolls-Royce Holdings Plc engines for compressor issues that have led to service interruptions ...
TOKYO (Reuters) - Japanese airline ANA Holdings Inc said it will cancel 113 domestic flights between July 6 through July 12 to inspect Rolls-Royce Holdings Plc (RR.L) engines for compressor issues that ...