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FTSE 100 ends positive as Wall Street's Dow welcomes upbeat economic report
UK blue chip index edged higher while the Dow Jones Industrial Average is being lifted by strong service sector and manufacturing data
Company
Rolls-Royce Holdings PLC
LON:RR.
Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets - civil aerospace, defence aerospace, marine and energy.
628 stories · page 5 of 7
Rolls-Royce sale of Bergen Engines blocked on security grounds
The aero engineer signed an agreement to sell Bergen to TMH in February
Rolls-Royce targets upgraded though strength of travel recovery an issue
Bank of America raised its share price target to 80p from 55p previously
Rolls-Royce expects slow recovery as losses hit £4bn
When EFH reaches 80% Rolls-Royce said it will be generating cash of around £750mln a year.
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FTSE 100 closes in positive territory as US stocks surge and ECB keeps rates on hold
Britain's blue-chip benchmark finished up around 11 points at 6,736
Rolls-Royce and WM Morrison Supermarkets in the spotlight on Thursday
Whether its aerospace or retail the focus is on re-opening and recovery.
FTSE 100 closes firmly higher; Pearson is among top gainers
Britain's blue-chip benchmark added over 88 points at 6,719 on the day
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Rolls-Royce, Just Eat, ITV, insurers and inflation in focus for coming week
Results and updates are also expected from Pearson, Morrisons, Standard Life, Abcam, Berkely and TP Icap
Rolls-Royce appoints ex-Deloitte partner as new Chief Financial Officer
Panos Kakoullis will join in May to replace Stephen Daintith
Rolls-Royce has plenty to do though clouds might be lifting for air travel, says broker
Rolls Royce shares will continue to be weighed down by the underperformance of widebody aircraft segment
Rolls-Royce to put aero engine factory on pause to save costs
The engine maker warned last month that ongoing travel restrictions resulting from the new coronavirus variants were pushing back the prospect of a recovery of long-haul travel
Rolls-Royce blames new Covid strains on worsening outlook for 2021
The engine maker expects to turn cash-flow-positive “at some point” during the second half
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FTSE 100 closes lower as US stocks head north ahead of Biden inauguration
The UK index of leading shares finished down more than seven points at 6,712
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Bitcoin Holds Near Record, Ether Surges Amid Crypto Rally
Bitcoin Holds Near Record, Ether Surges Amid Crypto Rally This article by Joanna Ossinger for Bloomberg may be of interest to subscribers. Here it is in full: Bitcoin held near a record a day after breaching $34,000 for the first time while
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Byron Wien and Joe Zidle Announce the Ten Surprises of 2021
5. The economy develops momentum on its own because of pent-up demand, and depressed hospitality and airline stocks become strong performers. Fiscal and monetary policy remain historically accommodative. Nominal economic growth for the full
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Bitcoin Holds Near Record, Ether Surges Amid Crypto Rally
Bitcoin Holds Near Record, Ether Surges Amid Crypto Rally This article by Joanna Ossinger for Bloomberg may be of interest to subscribers. Here it is in full: Bitcoin held near a record a day after breaching $34,000 for the first time while
Rolls-Royce expects £4.2bn cash outflow after coronavirus second wave hits flights
More than 5,500 jobs will have been axed during the year
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FTSE 100 finishes in red as 'no deal' talk ramps up
The UK index of leading shares closed the day down around 53 points at 6,546
Builders and building materials
Rolls-Royce and Bellway updates round off the week
Also in the diary are results from Polar Capital and Nexus Infrastructure as well as a smattering of US macro data
Rolls-Royce sells part of nuclear business to French engineer
In the past couple of months, the FTSE 100 group has drummed up £4bn via a discounted rights issue and an issue of bonds
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Rolls-Royce concludes rights issue with help of rump placing
The engine maker’s share price jumped from below 70p to above 120p earlier this week on coronavirus vaccine news
Rolls-Royce doubles bond offer element of COVID-19 refinancing to £2bn
Rolls-Royce said it had seen strong demand from bond investors
Short sellers make huge profits from four FTSE 100 stocks in September
“Four of the top five most profitable trades this month were significant loss making trades in August, highlighting the speed at which fortunes can change during this volatile period”
Does Rolls-Royce’s need for a rights issue signal that it is languishing in the past?
Rolls Royce is tapping shareholders for a rescue rights issue, meanwhile, investors have been throwing billions of dollars at Elon Musk’s Tesla this year.
Rolls-Royce launches £2bn rights issue to help it through coronavirus crisis
The rights issue price is 75% below last night’s close of 130p
Rolls Royce shares slump after confirming intentions to raise £2.5bn via equity issue
The group said £2.5bn could be raised via a rights issue and/or another form of equity-based funding
Rolls-Royce Holdings is oversold and now a ‘buy’ - Berenberg
The European investment bank sees "a rapidly improving profit and cash profile from 2022”.
Ocado poaches Rolls-Royce finance head as Tatton-Brown steps down
Duncan Tatton-Brown has been Ocado’s CFO for eight years and is leaving for family reasons
Rolls-Royce posts huge loss and plans disposals to raise cash
Rolls said it also expects to see a cash outflow in 2021
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FTSE 100 closes 1.7% ahead as traders buy back into risk on vaccine hopes
President Trump is reportedly looking to fast-track the approval of a drug that has the potential to be a vaccine
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Coming week to bring half-year figures from Rolls-Royce, Bunzl and WPP
Other firms scheduled to report include doorstep lender Provident Financial and Paddy Power owner Flutter
Rolls-Royce invests in partner helping develop supersonic and hypersonic engines
The aero engine maker is working with various companies on potential supersonic commercial planes, including Virgin Galactic
Rolls-Royce sees exit of activist shareholder ValueAct Capital Management
The San Francisco-based investment company sold its entire stake five years after becoming its largest shareholder
Rolls-Royce mulling rights issue cash-call to raise £1.5bn
A shareholder cash call could bank £1.5bn for the troubled British engineer.
Long haul ahead for Rolls-Royce with air travel subdued says City
“The numbers are stark and will do little to stem recent speculation that the company might need to issue shares or even offload a part of the group to generate cash.”
Rolls-Royce expects civil aircraft market to be subdued well into 2021
The group warned of a US$1.5bn cash hit from reducing a hedging position on future business
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FTSE 100 posts triple digit loss as pandemic fears weigh
Britain's blue-chip benchmark closed down over 106 points, or 1.73% at 6,049
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Rolls-Royce cash-burn in spotlight as it prepares first update since jobs cull
Housebuilders Persimmon and Vistry Group, together with recruiters PageGroup and Robert Walters are also among the notable names in the corporate diary for Thursday
Rolls-Royce undertaking a review of options to strengthen balance sheet
Options under consideration include a share issue of between £1.5-2bn or alternatively a sale of its ITP Aero business, according to reports.
Rolls-Royce to cut 9,000 jobs as part of civil aerospace restructuring
The reduction in headcount, around a sixth of its total workforce, is expected to contribute around £700mln of savings
Rolls-Royce confirms job cut plans and cuts production guidance
The engine maker cut its forecast production of widebody plane engines to around 250 widebody engines in 2020, down from 450
Rolls-Royce urged not to make 'knee-jerk reaction' of further UK job cuts
Savings from any job cuts have been more than eclipsed by the costs from its Trent 1000 engine problems
Rolls-Royce dumps dividend as aircraft maintenance activity slumps
The engine maker had gross cash of £5.2bn as of the end of March
Hardware & electrical equipment
Rolls-Royce downgraded as UBS sees aftermarket as 'most impacted' by coronavirus
Forecasts for component makers Melrose Industries and Meggitt were also cut, thought the former remains a 'buy'
Rolls-Royce upgraded by Merrill Lynch as Trent 1000 “hitting a trough”
After multiple credit and outlook downgrades from ratings agencies, the analysts had had been worried about the risk of an equity raise alongside the results
Rolls-Royce soars as it enjoys "good end" to year but Trent 1000 issues continue
The engine maker said the coronavirus outbreak was “likely to have an impact” on air traffic growth but its guidance for 2020 excludes any material impact
Rolls-Royce's Trent 1000 costs rise to £2.4bn after new delay
There will be a £1.4bn exceptional charge in this year’s results to cover additional customer disruption and provisions for losses on contracts.
Rolls-Royce's Trent 1000 repairs taking longer than expected
In its statement, the aero-engine maker said it 'deeply regretted' the additional disruption the delays will cause customers.
Rolls Royce steadies but Trent 1000 problems still a drag
“We have made good progress on resolving the Trent 1000 compressor issue, though regretfully, customer disruption remains."
Rolls-Royce makes acquisition to accelerate aerospace electrification
“We are at the dawn of the third era of aviation, which will bring a new class of quieter and cleaner air transport to the skies”
Rolls-Royce receives interest from Spain's Indra for majority stake in ITP Aero
The British engine maker has a 53.1% stake in ITP Aero
Legal & General wins largest UK pensions risk transfer deal from Rolls-Royce
The transfer of £4.6bn of assets and liabilities relating to the engine maker's pensioners will reduce its post-retirement obligations by around £4.1bn
Rolls-Royce agrees to accelerated inspection regime for Trent 1000 engines
Rolls-Royce said it a small number of engines that have experienced a higher frequency of flights have needed to have their high-pressure-turbine blades replaced earlier than planned
Rolls-Royce goes into reverse as Singapore Airlines grounds Boeing aircraft due to issues with Trent 1000 engines
On Tuesday, the airline said it had detected durability issues with the engines and had already withdrawn two of the aircraft from service to await replacements
Rolls-Royce dips as JP Morgan cuts target price on “soft” margin guidance from CFO
In a note, the US investment bank said in a results meeting following its full-year results on 28 February the CFO had, for the first time, guided for softer company-defined earnings (EBITA) margins of around 10% for 2023-2024, lower than t
Rolls-Royce falls as it backs out of second engine contract tender in a week
Last Thursday, Rolls said it would not be bidding to power Boeing’s latest plane, while it has now confirmed that it has all but given up on developing the engine for Turkey’s new fighter jet
Rolls-Royce flies lower as it withdraws from race to power Boeing’s new plane
Rolls said it wasn’t confident it could deliver a “sufficiently mature product” within the timeframe proposed by Boeing
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
Investments and investor services
FTSE 100 closes higher but only just as sentiment boosted by trade progress
The UK blue-chip index finished around five points ahead at 7,183
Rolls-Royce higher as Credit Suisse ups to ‘outperform’, believes Trent 1000 issues “appear to be on the mend”
The bank's analysts said: “The Trent 1000 (powering the 787) has been the key execution impediment to the case and it now appears to be showing signs of improvement”
Archive
FTSE 100 closes up as markets buoyed by US/China trade talks
The more UK-company focused FTSE 250 gained over 147 points to close at 18,972
First look at ACCEL – the world’s fastest electric plane being built by Rolls-Royce
A team of Rolls-Royce engineers are toiling in a hangar in south west England, building an all-electric aircraft which they expect will smash speed records
Franco Manca and Real Greek owner Fulham Shore rallies after solid first-half results
Some of the main news-driven risers and fallers in London on Wednesday...
Rolls-Royce confirms guidance, still sees 10% fewer aero engine deliveries
The aero and defence group said it would continue to implement its Brexit contingency plans until it is certain that a deal and transition period had been agreed
FTSE 100 closes higher on speculation Prime Minister May will survive Brexit-related no-confidence vote
The benchmark index also gets a boost from optimism over US-China trade talks
Rolls-Royce shares hit further turbulence on engine production delays
Rolls said it was likely to fall short of its prior engine delivery projection of 550 large engine deliveries for 2018, and is now expecting to deliver around 500 engines
FTSE 100 closes off lows but shoulders drop as US stocks plunge with tech disappointments
At the close, the UK blue-chip index was down 64.54 points, or 0.9% at 6,939.56, albeit bouncing off the hefty session low of 6,851.59 having spent all day heavily in the red
Rolls-Royce shares slide as engine fault causes Iberian flight diversion
The flight was forced to divert to Boston 90 minutes after take-off and make an emergency landing due to a technical fault in one of Rolls-Royce’s Trent XWB engines
Investments and investor services
FTSE 100 set to end the week in volatility as metal tariffs hit Turkish lira
The quarterly update on the health of the UK economy showed something of a recovery from the snowed under first quarter.
Rolls-Royce profits dented by cost of fixing engine problems
Rolls-Royce expects 2018 underlying profit and free cash flows to reach the upper end of its guidance range
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FTSE 100 joins European stocks to close lower as trade worries weigh
FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
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Bank of England widely expected to hike rates but will the decision be unanimous?
A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Farnborough Airshow: Rolls-Royce unveils flying taxi, Boeing lands deal with DHL
A number of deals are expected to be reached at the Farnborough International Airshow this week
Rolls-Royce confirms sale of marine unit to Norwegian firm Kongsberg for £500mln
Rolls-Royce said the decision to dispose of the unit follows a strategic review
Rolls-Royce wins over another sceptical broker
Kepler said the engineer’s defence business should benefit from a better US environment, while talks over the disposal of its commercial marine division continue
Rolls Royce has target price upped by Deutsche Bank over bullish outlook
Analysts said the FTSE 100 engine manufacturer would see its free cash flow increase from £273mln in 2017 to £1.2bn by 2020 and possibly reach over £1.9bn by 2023
Rolls-Royce's price target raised by Credit Suisse and JP Morgan after last week's restructuring announcement
Both brokers are playing catch-up on the share price after the positive reaction last week to the trading update and the capital markets day held on Friday
£500mln wiped from Indivior’s value as generic version of its star asset launched in US
A look at some of the biggest risers and fallers in London on Friday afternoon...
Rolls-Royce shares soar as it again maintains full-year guidance despite upping costs for Trent engine issues
The FTSE 100-listed engine maker also announced ambitious new mid-term financial targets, saying it is aiming for free cash flow per share to exceed 100p in the mid-term
FTSE 100 joins global rout as Trump's trade tactics spook markets
The UK's top share index shed over 131 points at 7,633, while mid-cap brother FTSE 250 was also lower
Rolls-Royce confirms plans to cut 4,600 mainly UK jobs, expects to save £400mln a year by end 2020
The FTSE 100-listed engines maker said the job cuts and overhaul of its business would cost it £500mln and be spread across 2018, 2019 and 2020
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
Rolls-Royce says Trent 1000 issues discovered in another engine type, will require further inspections
The FTSE 100-listed engineer has been working to fix a problem with the compressor in the Trent 1000 Package C engines that power Boeing's 787 Dreamliner jet
Investments and investor services
FTSE 100 closes account firmly higher, bolstered by weaker pound
The UK pound shed 0.38% against the Euro, while it was off 0.30% against the US dollar.
Rolls-Royce slips as it reiterates 2018 profit, cash flow guidance, makes progress with engine inspections
In a statement to be delivered at its annual general meeting today in Derby, the FTSE 100-listed group’s chief executive Warren East said “that the year has started well and that trading is in line with our expectations"
Investments and investor services
FTSE 100 closes above 7,420 but gains capped by fall in Shell, US trade deficit in goods drops
Imports in the period fell 2.1%, while exports increased 2.4%
Shire takeover talk will overshadow results after Takeda upped the ante
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
Rolls-Royce to step up inspections on Trent 1000 jet engines as some turbine blades wearing out faster than expected
The FTSE 100-listed engineer noted that some Trent 1000 engines have needed unscheduled maintenance as the turbine blades have worn out faster than expected
Archive
FTSE 100 closes modestly higher as Syrian fears recede
After an up-and-down day, the FTSE 100 finished in positive territory after a late surge
Rolls-Royce to sell diesel parts business L’Orange to US firm Woodward for €700mln
The FTSE 100-listed group said the proceeds “will be used to improve the resilience of the balance sheet and provide additional capital to judiciously pursue opportunities that will drive greater returns for the Group"
FTSE 100 closes positively as Wall Street rebounds, but Russian stocks hit
The UK blue chip share index finished around 11 points higher at 7,194
Volvere shares gain as it estimates record 2017 revenues
A look at some of the biggest risers and fallers in London on Wednesday
Rolls-Royce swings to annual profit as restructuring pays off
Rolls-Royce expects 2018 results will be affected by costs related to repairs on some aero-engines
Investments and investor services
FTSE 100 closes in positive territory despite Trump trade war fears
Around 3.50pm, the FTSE 100 index was up 13 points at 7,160
Merlin Entertainments shares rise after US activist investor takes stake
The investor that pushed for changes at Rolls-Royce and Microsoft has bought a stake in Merlin Entertainments but the company is understood to be "not alarmed"
Investments and investor services
FTSE 100 ends in red after lacklustre session
The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
Rolls-Royce considers sale of commercial marine business
The company plans to streamline the business into three core units of aerospace, defence and power systems.
Rolls-Royce confirms strategic review of L’Orange arm after reports of potential sale
The company is reportedly seeking to raise as much as US$700mln from the sale of L’Orange