RR.L - Rolls-Royce Holdings plc

LSE - LSE Delayed Price. Currency in GBp
-9.00 (-1.28%)
As of 3:07PM GMT. Market open.
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Previous Close704.40
Bid695.20 x 0
Ask695.40 x 0
Day's Range685.60 - 708.80
52 Week Range679.80 - 1,003.50
Avg. Volume5,545,323
Market Cap13B
Beta (5Y Monthly)0.62
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.12 (1.69%)
Ex-Dividend Date2019-10-24
1y Target EstN/A
  • Even ‘Nice’ Activist Hedge Funds Aren't Miracle Workers

    Even ‘Nice’ Activist Hedge Funds Aren't Miracle Workers

    (Bloomberg Opinion) -- Say what you like about outspoken activist hedge fund investors such as Carl Icahn, Bill Ackman, Paul Singer or Dan Loeb but at least you know where they stand. Nowadays it’s more fashionable for activist funds to refrain from public criticism and work constructively behind the scenes to help managers turn around a business.This is fine, but it becomes a problem when one of the “kindly” investor types resigns abruptly from a board seat they’d pushed to obtain, without providing much explanation. Shares in Rolls-Royce Holdings Plc tumbled as much as 5% on Tuesday when Bradley Singer, a representative of Jeffrey Ubben’s ValueAct Capital, said he has stepped down as a director. ValueAct is the British aircraft engine maker’s largest shareholder.After serving almost four years on the board, Singer said the company was now on a “solid path forward.” His praise rang a little hollow, however, because Rolls-Royce’s shares are close to three-year lows. ValueAct didn’t help matters by failing to clarify whether it plans to keep its stake of about 9%.Singer’s departure may in fact signal that there are limits to what activist investors can achieve, even the ones who ask politely.In fairness, Rolls-Royce is a different company to the one ValueAct bought into. Under chief executive Warren East, it has cut costs, slashed jobs and overhauled a famously bureaucratic culture. The company has ramped up production and reduced upfront losses on engine sales (engine makers typically make money in servicing, not selling the equipment). Its struggling commercial marine business has been sold. Mission accomplished? Hardly. Because of engineering problems involving the Trent engines it supplies for Boeing Co.’s 787 Dreamliner, Rolls-Royce is a long way from being “fixed.” The company will have spent 2.4 billion pounds ($3.2 billion) between 2017 and 2023 dealing with the early deterioration of engine blades, a cash outflow the debt-laden manufacturer can ill afford. Standard & Poors cut its long-term credit rating last month to BBB-, one notch above junk.Fixing the Trent engines is partly a logistics issue — making sure customers are inconvenienced as little as possible while their planes are grounded for repairs. But it’s also an engineering challenge: Rolls-Royce designed a new high-pressure turbine blade for the Trent 1000 TEN engine variant only to discover that it didn’t provide the necessary durability.Getting this right is something Singer, a former Goldman Sachs Group Inc. banker and finance director of Discovery Communications Inc., would have had relatively little influence over. Yet after attending scores of board meetings, he should at least have been well-versed in what is ailing Rolls-Royce. His decision to step away isn’t reassuring.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.

  • Rolls-Royce says ValueAct executive leaves board, shares fall

    Rolls-Royce says ValueAct executive leaves board, shares fall

    British engineering company Rolls-Royce said Bradley Singer, a representative of its largest shareholder the activist investor ValueAct Capital, has resigned from its board, weakening the stock. Rolls-Royce said on Tuesday that Singer, chief operating officer of ValueAct, left on December 9 after nearly four years as a non-executive director. ValueAct owns a 9.35% stake in Rolls-Royce according to Thomson Reuters data.

  • 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.

  • Volatility 101: Should Rolls-Royce Holdings (LON:RR.) Shares Have Dropped 18%?
    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...

  • Investing.com

    Premarket London: Rolls Royce Takes Another Hit From Trent 1000

    Investing.com -- Here is a roundup of regulatory news releases from the London Stock Exchanges on Thursday, 7th November. Please refresh for updates.

  • How Should Investors React To Rolls-Royce Holdings plc's (LON:RR.) CEO Pay?
    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...

  • An Intrinsic Calculation For Rolls-Royce Holdings plc (LON:RR.) Suggests It's 46% Undervalued
    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...

  • Skift

    Virgin Atlantic CEO Predicts Airline’s Issue With Rolls-Royce Engines Is Almost Over

    Virgin Atlantic continues to struggle with reliability issues on Boeing 787 aircraft but expects to have its major troubles with Rolls-Royce engines resolved by year-end, the airline's CEO said in an interview in London. Virgin Atlantic CEO Shai Weiss was more diplomatic in comments about Rolls-Royce than Emirates President Tim Clark, who earlier in the […]

  • How Many Rolls-Royce Holdings plc (LON:RR.) Shares Did Insiders Buy, In The Last Year?
    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...

  • Thomson Reuters StreetEvents

    Edited Transcript of RR.L earnings conference call or presentation 6-Aug-19 8:00am GMT

    Half Year 2019 Rolls-Royce Holdings PLC Earnings Presentation

  • Reuters

    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.

  • Does Rolls-Royce Holdings plc (LON:RR.) Have A Place In Your Dividend Stock Portfolio?
    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...

  • Can You Imagine How Rolls-Royce Holdings's (LON:RR.) Shareholders Feel About The 47% Share Price Increase?
    Simply Wall St.

    Can You Imagine How Rolls-Royce Holdings's (LON:RR.) Shareholders Feel About The 47% Share Price Increase?

    One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...

  • Reuters

    Turkey's Kale eyes F-35 options during U.S. spat

    Turkish aerospace manufacturer Kale Group said on Monday if disagreements between Ankara and Washington curb parts orders and exclude it from an F-35 project, then any lost sales would be offset by turning to civil aviation. Turkish President Tayyip Erdogan has not backed down from the planned purchase of a Russian S-400 missile defense system that the United States has said would compromise the security of stealth F-35 fighter jets, which Turkey also plans to buy. NATO ally Turkey has said it will take delivery of the S-400s in July, even while sources told Reuters earlier this month that Washington had halted delivery of F-35-related equipment to the country, marking the first concrete U.S. step to block its delivery.

  • Reuters

    UPDATE 3-British nuclear submarine yard reopens after brief evacuation

    A shipyard in Barrow-in-Furness, northwest England, that builds Britain's new generation of nuclear submarines reopened on Wednesday after being briefly evacuated due to an incident, defense company BAE Systems said. "Following an extensive sweep of the Devonshire Dock Complex (DDC), including the four Astute class submarines in build, nothing suspicious was found," the company said in a statement. It did not specify the nature of the incident but an unidentified source told The Mail, a publication based in Barrow-in-Furness, that the evacuation followed a warning about a bomb on one of the Astute-class submarines.

  • Does Rolls-Royce Holdings plc's (LON:RR.) CEO Pay Matter?
    Simply Wall St.

    Does Rolls-Royce Holdings plc's (LON:RR.) CEO Pay Matter?

    D. Warren East has been the CEO of Rolls-Royce Holdings plc (LON:RR.) since 2015. First, this article will compare CEO compensation with compensation at other large companies. Next, we'll consider growth that the busines...

  • Rolls-Royce agrees to early inspection of problematic Trent engines

    Rolls-Royce agrees to early inspection of problematic Trent engines

    According to Rolls-Royce, by late February 35 787s had been grounded globally due to engine blades corroding or cracking prematurely. "This blade deterioration is a known issue but it is occurring faster than we expected on some engines," Chris Cholerton, Rolls-Royce President for Civil Aerospace, said on Wednesday. The accelerated inspection regime will allow Rolls-Royce to confirm the health of the more than 180 engines in service over the next few months.

  • Reuters

    European stocks rise before Brexit summit, ECB meeting

    Dunelm Group Plc rose more than 3 percent as the homewares retailer said it expected to top analysts forecasts for full-year profit after surging online demand helped it ride out a tough British retail environment in the latest quarterly report. Shares of ASOS climbed after the British online fashion retailer stuck to its full year guidance for sales, profit margins and capital expenditure despite a plunge in first-half pretax profit.

  • Reuters

    UPDATE 1-Banks stocks lift European shares ahead of ECB, Brexit summit

    Bank stocks helped European shares shrug off early weakness on Tuesday, but gains were kept in check by a drop in shares of Airbus and its suppliers after the United States ratcheted up a trade dispute with the European Union over aircraft subsidies. A rise in bank shares following two days of losses helped the pan-region STOXX 600 index up 0.4 percent in thin trade. Investors are keeping a close eye on a trade summit between the European Union and China on Tuesday in which the bloc will try to coax Beijing to open up its markets.

  • Reuters

    EU plans for own retaliation in aircraft dispute with U.S.

    BRUSSELS/PARIS, April 9 (Reuters) - The European Union has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday, a day after Washington listed EU products it plans to hit with tariffs in their aircraft dispute. The U.S. Trade Representative https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/april/ustr-proposes-products-tariff on Monday proposed a range of EU products ranging from large commercial aircraft and parts to dairy products and wine to target as retaliation for subsidies given to Airbus. A European Commission source said on Tuesday the level of proposed U.S. countermeasures was "greatly exaggerated," adding the amount of retaliation could only be determined by a World Trade Organization arbitrator.

  • Reuters

    UPDATE 2-Tariff threats, global growth jitters trip up Britain's main index

    Britain's FTSE 100 lost ground as the U.S. and European Union exchanged tariff threats, the IMF cut global growth forecasts and oil majors slipped after Russia signaled an output boost, while investors awaited fresh Brexit updates. The FTSE 250 slid by the same amount.

  • Reuters

    Britain's FTSE 100 inches down, trade tensions hit Rolls Royce

    London's main share index lost ground on Tuesday as Rolls Royce weakened after the U.S. proposed a list of EU goods for retaliatory tariffs, while investors awaited updates on a postponement of Britain's exit from the EU. The FTSE 100 was down 0.2 percent with losses across the board and the FTSE 250 was down 0.1 percent at 0725 GMT. Rolls Royce gave up 1.1 percent after the U.S. Trade Representative Robert Lighthizer announced a proposal to impose tariffs on a list of European Union products as retaliation for EU aircraft building subsidies.