RYCEY - Rolls-Royce Holdings plc
| Previous Close | 9.20 |
| Open | 9.35 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 9.33 - 9.40 |
| 52 Week Range | 8.83 - 13.11 |
| Volume | 285,537 |
| Avg. Volume | 260,763 |
| Market Cap | 18B |
| Beta (3Y Monthly) | 0.62 |
| PE Ratio (TTM) | 6.31 |
| EPS (TTM) | 1.48 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.11 (1.26%) |
| Ex-Dividend Date | 2019-10-24 |
| 1y Target Est | 9.18 |
- Bloomberg
Rolls-Royce Touts Nuclear Reactors as Key to Clean Jet Fuel
(Bloomberg) -- Rolls-Royce Holdings Plc is pitching nuclear reactors as the most effective way of powering the production of carbon-neutral synthetic aviation fuel without draining global electricity grids.Drawing on technology developed for nuclear-powered submarines, the small modular reactors or SMRs could be located at individual plants to generate the large amounts of electricity needed to secure the hydrogen used in the process, according to Chief Executive Officer Warren East.Synthetics and biofuels are likely to become the mainstay of aviation in coming decades, East said, providing liquid propellants for the next generation of aero-engines before the advent of all-electric alternatives. Reactors that could power the hydrogen extraction are small enough to be transported by truck and would occupy a building one-10th the size of a nuclear power station.An SMR attached to a synthetic fuel plant would “provide a very competitive solution,” East said in a briefing at the Aviation Club in London. Electricity costs would be 30% lower than for a large nuclear facility, matching wind power, with the modular approach allowing parts to be made on a factory production line.So-called electrofuels are synthesized using carbon dioxide or carbon monoxide captured from sources such as cement production, together with hydrogen derived from water via electrolysis, itself powered by sustainable electricity sources such as wind, solar or nuclear. In the future, direct carbon capture from the atmosphere could sever any link with fossil sources.London-based Rolls-Royce, Europe’s biggest maker of jetliner engines, would partner with a petrochemical specialist or alternative-energy startup to develop the technology, East said.The proposals face significant obstacles, including widespread public concern about radiation leaks and the safe disposal of nuclear waste, as well as question marks over U.K. plans to revive the sector after Hitachi Ltd. and Toshiba Corp. withdrew from major projects.Rolls aims to minimize regulatory barriers by building an initial network of 16 SMRs on the sites of former U.K. nuclear power stations still approved for atomic use.The plants, costing 1.8 billion pounds ($2.4 billion) apiece, would feed the national grid and come online from the 2030s, with all complete by 2050. (Updates with proposed rollout plan in final two paragraphs.)To contact the reporter on this story: Christopher Jasper in London at cjasper@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Andrew Noël, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Volatility 101: Should Rolls-Royce Holdings (LON:RR.) Shares Have Dropped 18%?
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners to...
- Financial Times
Rolls-Royce suffers another blow to credit rating
Rolls-Royce faces a longer haul to fulfil its ambition to return to a blue-chip single-A credit rating, after Standard & Poor’s on Wednesday downgraded the aero-engine maker to one notch above junk, its second reduction in three months. “We regard Rolls-Royce’s profitability as weak and volatile, and below average compared with peers in the aerospace and defence industry,” S&P said. The downgrade — to triple B minus, from the triple B issued in August — follows similar reductions earlier this month from S&P’s fellow agencies Moody’s and Fitch, although their ratings remain higher at two and three notches above junk.
- MarketWatch
Air New Zealand cancels some flights due to engine issues
Air New Zealand Ltd. is canceling some international flights to carry out unscheduled maintenance on Rolls-Royce Holdings PLC engines, affecting about 14,000 travelers during the holidays.
- Reuters
UPDATE 1-Air New Zealand says 14,000 passengers to be affected by Rolls-Royce engine issue
Air New Zealand Ltd said on Monday about 14,000 customers would be affected by cancellations this summer because of ongoing Rolls-Royce engine checks on its Boeing 787-9 aircraft. The national carrier, which has 10 Trent 1000 engines on its 787-9 fleet, said the schedule changes were "now unavoidable", adding that further changes may also be needed. Rolls-Royce has been struggling to fix an issue on blades on the TEN variant, causing more and more passengers face disruptions due to checks and repair work.
- Bloomberg
Are Passenger Jet Engines Hitting Their Technical Limits?
(Bloomberg Opinion) -- The high-pressure turbine blades in a Trent 1000 passenger jet engine have to withstand temperatures far above the melting point of the nickel alloy from which they’re made. It’s a fiendish technical challenge for the engine’s British manufacturer, Rolls-Royce Holdings Plc — comparable to trying to stop an ice cube melting inside a kitchen oven on full blast. The solution found by the company’s engineers was to blow cool air through tiny holes in the blades. Unfortunately this clever approach has encountered some unexpected problems.Boeing 787 aircraft operated by British Airways, Norwegian Air Shuttle, Virgin Atlantic and others have been grounded in recent months for inspections and repairs because the Trent 1000 engine blades have been degrading faster than anticipated. It’s the type of problem that’s becoming common in the industry as the demands placed on engines become ever greater.The expense of dealing with these things is rising too. Last week, Rolls-Royce quantified the cost of fixing various Trent 1000 issues at 2.4 billion pounds ($3.1 billion), a cash outflow the debt-laden manufacturer can ill afford.Few inventions have done more to transform our life over the past century than jet engines. They’ve let people travel faster and further, and they’re remarkably safe. Passenger fatalities like the one caused by a turbine failure on a Southwest Airlines flight last year are rare. Developed at enormous expense and using innovative new materials, the most recent “powerplants” (to use engines’ industry name) are comparatively quiet and fuel efficient.Yet these innovations have taken the technology closer to its technical limits and reliability issues have crept in. “By pushing the envelope on thrust and efficiency, things have started to go wrong elsewhere in the system,” says Nick Cunningham at Agency Partners. This is worrying because companies are under pressure to build even more efficient propulsion systems to curb carbon emissions. Rolls-Royce’s problems appear the most serious — some 40 787s powered by its engines are parked — but this is an industry-wide issue. Forced to ground planes and adjust flight schedules, airlines have resorted to leasing replacement aircraft and have told engine manufacturers to pay compensation.In September Tim Clark, the boss of Emirates, said manufacturers are delivering aircraft that don’t do what was promised. “Give us airframes and engines that work from day one. If you can’t do it, don’t produce them,” he said.The laws of science aren’t the only thing testing the engine makers. Airbus SE and Boeing Co. have brought several new passenger jets to market in quick succession and their powerplant suppliers have had to ramp up production rapidly. A lot of new demand is from emerging markets where dusty or polluted air can put additional strain on engines.Airbus production was thrown into chaos last year by engine glitches involving Pratt & Whitney’s geared turbofan (GTF) for the A320neo, Airbus’s top-selling jet. More recently the launch of Boeing’s 777x wide-body aircraft was pushed to next year after the premature wearing out of a General Electric engine component.It’s one thing for an engine to miss tough production targets, but quite another for engines to fail once they’re in service. “Engine manufacturers have always had teething problems but in four decades I’ve never seen anything like the list of technical issues they’re been having lately,” says John Strickland, director of JLS Consulting. This month India threatened to ground scores of Airbus A230neo jets operated by domestic carrier Indigo unless the Pratt engines were replaced by the end of January. The warning followed several incidents of engines shutting down in-flight.In October Lufthansa AG subsidiary Swiss temporarily grounded its Airbus A220(1) fleet so the Pratt engines could be inspected after a spate of powerplant failures (the debris from one such incident was recovered from a French forest last week). Since then Canadian regulators ordered the same aircraft not to operate at full power above a specified altitude.About 70% of airlines and lessors surveyed by Citi Research said groundings caused by engine issues were a key concern. Some are looking to operate mixed fleets to lessen the risk of one engine type being grounded. While that’s prudent, it’s more expensive than using a single type of equipment.The risk for engine manufacturers is that reliability issues cost them market share. Earlier this year Air New Zealand switched an order for 787 jet engines to GE after problems with its Rolls-Royce kit. Indigo placed a $20 billion order with the GE/Safran engine joint venture rather buy from Pratt (Pratt claimed the decision was price-related).The problems haven’t affected all new technologies. Rolls-Royce’s XWB powerplant for the Airbus A350 has proven reliable so far. The core gearing innovation underpinning Pratt’s GTF also appears to work as planned; a relief because it cost about $10 billion to develop. There’s more at stake, though, than airline flight schedules and manufacturers’ pride and profitability. As with the car industry, the aerospace sector is gearing up for an epochal effort to curb carbon emissions. Aviation accounts for 2%-3% of greenhouse gas emissions but the sheer volume of plane deliveries in coming years will counteract engine efficiency gains. Aviation’s share could rise to between 10% and 25% by 2050, a Roland Berger study found. Unlike carmakers, the airlines lack viable technological alternatives. Biofuels have potential but fully electric large commercial aircraft are probably decades awayEngine manufacturers are working on still more efficient jet engine designs. Rolls-Royce claims its Ultrafan technology will deliver a 25% improvement in fuel burn compared to the first generation of Trents. Bringing these innovations to market quickly is essential from a planetary perspective but rushing development could prove counterproductive. “My sense is that public opinion in Europe at least is moving quicker than the technology,” says Rob Stallard at Vertical Research Partners.Cunningham is even less optimistic. “Gas turbines are running out of road at just the point where the political impetus is toward greater decarbonization,” he says. “Jet engines are unlikely to get a lot better from here.”(1) The plane was developed by Bombardier Inc and was known as the C-Series before Airbus acquired a majority stake.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
How Should Investors React To Rolls-Royce Holdings plc's (LON:RR.) CEO Pay?
D. Warren East has been the CEO of Rolls-Royce Holdings plc (LON:RR.) since 2015. This report will, first, examine the...
- Reuters
Westinghouse to buy Rolls-Royce's North American Civil Nuclear unit
U.S. nuclear energy firm Westinghouse Electric Co said on Thursday it would buy Rolls-Royce Holding's Civil Nuclear Systems and Services business in North America, to boost its growth in North American and European nuclear markets. Westinghouse, which supplies products and technological assistance to nuclear utilities, said the Rolls-Royce deal would boost its nuclear power plant services and digital offerings. Rolls-Royce did not immediately respond to a Reuters request for comment outside regular business hours.
- MarketWatch
Rolls-Royce expects further Trent 1000 delay
The British aircraft-engine maker said it now expects to return to a single-digit level of aircraft-on-ground events on the Trent 1000 to be delayed until the second quarter of 2020.
- Simply Wall St.
An Intrinsic Calculation For Rolls-Royce Holdings plc (LON:RR.) Suggests It's 46% Undervalued
Does the September share price for Rolls-Royce Holdings plc (LON:RR.) reflect what it's really worth? Today, we will...
- Simply Wall St.
How Many Rolls-Royce Holdings plc (LON:RR.) Shares Did Insiders Buy, In The Last Year?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
- Reuters
UPDATE 3-Britain would face food shortages in no-deal Brexit, industry body says
Britain will experience shortages of some fresh foods for weeks or even months if a disorderly no-deal Brexit leaves perishable produce rotting in lorries at ports, Britain's food and drink lobby warned on Wednesday. Retailers such as Tesco have warned that leaving the European Union on Oct. 31 without a transition deal would be problematic as so much fresh produce is imported and warehouses are stocked full ahead of Christmas.
- Reuters
Rolls-Royce CEO says company ready for a no-deal Brexit if needed
Britain's Rolls Royce said it was prepared to cope with the fallout from a disorderly Brexit after the aero-engine maker spent around 100 million pounds to increase inventory among other preparations, its chief executive said.
- Reuters
UPDATE 1-Indian police open probe into Rolls-Royce's dealings with three state firms
Indian federal police have opened an investigation into Rolls-Royce Holdings Plc, alleging the UK-based engine maker and its Indian arm improperly used a third-party to conduct business with three Indian state-owned companies. In a report published on Tuesday, India's Central Bureau of Investigation (CBI) also said officials from the Indian companies - Hindustan Aeronautics Limited (HAL), ONGC and GAIL - may have been involved in improper procurement from Rolls-Royce. Rolls-Royce provided engine spare parts to HAL for servicing gas turbines used by GAIL and ONGC, both of which are involved in the oil and gas sector, the report said.
- Reuters
CBI opens probe into Rolls-Royce's dealings with three state firms
The Central Bureau of Investigation (CBI) has opened an investigation into Rolls-Royce Holdings Plc, alleging the UK-based engine maker and its Indian arm improperly used a third-party to conduct business with three Indian state-owned companies. In a report published on Tuesday, the CBI also said officials from the Indian companies - Hindustan Aeronautics Limited (HAL), ONGC and GAIL - may have been involved in improper procurement from Rolls-Royce. Rolls-Royce provided engine spare parts to HAL for servicing gas turbines used by GAIL and ONGC, both of which are involved in the oil and gas sector, the report said.
- Reuters
Britain wants accountability over Khashoggi murder - PM May
Britain wants to see accountability for the murder of journalist Jamal Khashoggi and Saudi Arabia should investigate the death thoroughly and in a way that adheres to international laws, Prime Minister Theresa May said on Wednesday. Last week, a U.N. rights investigator said Saudi Crown Prince Mohammed bin Salman and other senior officials should be investigated over the murder, given credible evidence against them. "We do want to see accountability for this horrific murder... We expect Saudi Arabia to take the action necessary to ensure such violations of international and national laws can't happen again," May said in parliament.
- Reuters
Saudi Arabia says ending British arms exports would help Iran
Iran would be the only beneficiary of any end to arms exports from Britain to Saudi Arabia, the kingdom's minister of state for foreign affairs said on Thursday, adding that the deployment of weapons in Yemen was legitimate. A UK court earlier found that Britain broke the law by allowing arms sales to Saudi Arabia that might have been used in Yemen's war. The ruling does not halt Britain's arms exports but means the granting of new licences will be paused.
- Reuters
Saudi Arabia says Iran has created "very grave" situation in Gulf
Iran has created a grave situation and jeopardised global oil supplies with its aggressive behaviour, Saudi Arabia's minister of state for foreign affairs said on Thursday, adding that the kingdom was consulting with allies on next steps. The United States and Saudi Arabia are among countries that have blamed Iran for attacks on oil tankers near the Strait of Hormuz, a major transit route for global oil supplies. "I think the situation is very grave because of the aggressive behaviour of Iran," Adel al-Jubeir told reporters in London.
- Reuters
Britain acted unlawfully on Saudi arms exports, court rules
A British court on Thursday ruled that the British government had acted unlawfully in allowing arms exports to Saudi Arabia that might have been used in the conflict in Yemen. "The decision of the court today does not mean that licenses to export arms to Saudi Arabia must immediately be suspended," he said. The case was brought by the Campaign Against the Arms Trade against the British government.
- Simply Wall St.
Does Rolls-Royce Holdings plc (LON:RR.) Have A Place In Your Dividend Stock Portfolio?
Is Rolls-Royce Holdings plc (LON:RR.) a good dividend stock? How would you know? Dividend paying companies with...
