RR.L - Rolls-Royce Holdings plc

LSE - LSE Delayed Price. Currency in GBp
287.80
+10.30 (+3.71%)
At close: 4:35PM BST
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Previous Close277.50
Open279.20
Bid287.90 x 0
Ask288.10 x 0
Day's Range274.30 - 289.40
52 Week Range235.50 - 899.60
Volume11,093,847
Avg. Volume17,256,181
Market Cap5.557B
Beta (5Y Monthly)0.94
PE Ratio (TTM)N/A
EPS (TTM)-69.10
Earnings DateAug. 27, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr. 23, 2020
1y Target Est974.81
  • Reuters

    UK's Sunak to map out next moves in COVID recovery plan

    British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown unemployment crisis in the world's sixth-biggest economy. Sunak is already on course to take Britain's borrowing to World War Two levels as he subsidises 9 million jobs - equivalent to more than a third of private-sector employees - alongside other emergency measures. The 40 year-old former Goldman Sachs analyst, who only became finance minister in February, has won plaudits for setting aside the pro-market instincts of his Conservative Party and putting the state at the heart of Britain's COVID-19 response.

  • Bloomberg

    Rolls-Royce Explores Fundraising Options Amid Downturn

    (Bloomberg) -- Rolls-Royce Holdings Plc, the British jet-engine maker, is exploring options to raise funds that would help fortify the company against a downturn in the aerospace industry.The London-based company is in the early stages of reviewing a range of options to strengthen its balance sheet, it said in a statement Friday, confirming a Bloomberg News report.“No decisions have been made,” Rolls-Royce said. “Our current financial position and liquidity remain strong.”Rolls-Royce is examining possibilities including selling shares and divesting assets, people familiar with the matter said, asking not to be identified because the information is private. Its ITP Aero unit is one potential disposal being studied, the people said.The company could seek about 1.5 billion pounds ($1.9 billion) to 2 billion pounds if it decides to proceed with an equity offering, the people said. It hasn’t discussed precise figures and details could change, they said.The U.K. company makes engines for wide-body aircraft, leaving it particularly exposed to fallout from the coronavirus pandemic that’s roiled global travel. While Rolls-Royce has no immediate liquidity issue, the long-haul aircraft market it serves isn’t expected to rebound until at least 2023, according to the International Air Transport Association.Job CutsShares of Rolls-Royce extended losses after the Bloomberg report, falling as much as 12%. They were down 10% as of 4:26 p.m. Friday in London, bringing the year’s drop to more than 60% and reducing the manufacturer’s market value to around 5.1 billion pounds.About half of Rolls-Royce’s revenue comes from its civil aerospace business, according to data compiled by Bloomberg. The grim outlook for industry led S&P Global Ratings to downgrade Rolls-Royce’s credit rating to junk at the end of May, a move which can raise a company’s borrowing costs and lock out certain lenders.The company had 7.4 billion pounds of available liquidity as of June, including 300 million pounds from the U.K.’s Covid Corporate Financing Facility and a 1.9 billion-pound revolving credit facility.Still, its cash receipts for the first half are likely to be significantly lower than normal, as the engine flying hours that traditionally bring in maintenance revenue dropped because of the pandemic.Covid FinancingsRolls-Royce would join discount carrier EasyJet Plc, publisher Informa Plc and online grocer Ocado Group Plc in seeking to sell new stock during the crisis. London-listed companies have raised $18.1 billion in follow-on equity offerings this year, according to data compiled by Bloomberg.Companies are also ripping out costs to cut cash outflows. Rolls-Royce said last month it planned to eliminate 3,000 jobs in the U.K. this year, the first wave of cuts that could ultimately see the company emerge from the downturn a much smaller business.They’re part of the 9,000 global reductions the company announced in May, when it became clear how the Covid-19 crisis is undermining demand for new aircraft.In all, European aerospace manufacturers have set plans to eliminate some 33,000 jobs since the pandemic hit, based on a Bloomberg tally.Manufacturing HealthU.K. manufacturers have raised the alarm about the health of industry. The Make UK trade body warned on Friday that more permanent jobs are at risk after a furlough plan ends in October. JPMorgan Chase & Co. said in May that Rolls-Royce would need to “significantly reinforce” its balance sheet in the coming months. The company is likely to take action after announcing its first-half results and could consider options including material disposals or equity issuance, analysts led by David Perry wrote in a May 18 research report.(Updates with manufacturing group warning in second-to-last paragraph; updates shares. An earlier version of this story corrected the amount of the 1.9 billion-pound credit line)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Norwegian Air cancels 97 Boeing planes, files legal claim for compensation

    Norwegian Air has cancelled orders for 97 Boeing aircraft, including 92 of the 737 MAX and five 787 Dreamliners, the Oslo-based budget carrier said in a statement on Monday. "Norwegian has in addition filed a legal claim seeking the return of pre-delivery payments related to the aircraft and compensation for the company's losses related to the grounding of the 737-MAX and engine issues on the 787," it said.

  • RPT-FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales
    Reuters

    RPT-FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales

    Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic. Numbers on the current age of fleets, together with indications given by some airlines, suggest between 1,500 and 2,600 aircraft could be retired over the next 12 months, more than three times as many as in a typical year.

  • Reuters

    FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales

    Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic. Numbers on the current age of fleets, together with indications given by some airlines, suggest between 1,500 and 2,600 aircraft could be retired over the next 12 months, more than three times as many as in a typical year.

  • Investing.com

    COVID-19: Live Updates for Monday, May 25

    Rolling updates on the latest developments and headlines from around the world on the COVID-19 pandemic.

  • Rolls-Royce to cut 9,000 jobs amid air travel slump
    Reuters Videos

    Rolls-Royce to cut 9,000 jobs amid air travel slump

    Rolls-Royce will cut at least 9,000 jobs and could shut some of its factories. The jet-engine maker made the announcement Wednesday (May 20), and said the cuts were to cope with a severe decline in air travel. Aerospace engineering is the key part of Rolls-Royce business. It supplies engines to both Boeing and Airbus, and is paid by airlines based on how many hours they fly. Its earnings are thus certain to take a hit if air travel demand takes years to recover from the global health crisis. Rolls-Royce relies on aerospace for just over half its annual revenues. In 2019, that totalled around 15 billion pounds – or $18 billion. The company said the job cuts would mostly be in its civil aerospace unit, and could generate annual cost savings of around $1.6 billion. CEO Warren East indicated the majority of jobs cuts will be in the UK where most of its aerospace employees are based. In total, Rolls-Royce hires 52,000 people worldwide and stands to lose 17% of its workforce after Wednesday’s announcement.

  • Investing.com

    Morgan Stanley Sticks to Their Hold Rating for Rolls-Royce Holdings plc

    Morgan Stanley (NYSE:MS) analyst Andrew Humphrey maintained a Hold rating on Rolls-Royce (OTC:RYCEY) Holdings plc on Sunday, setting a price target of £4.6, which is approximately 24.32% above the present share price of $3.7.

  • Rolls-Royce considering cutting up to 15% of its workforce - source
    Reuters

    Rolls-Royce considering cutting up to 15% of its workforce - source

    The company's engines power Airbus SE <AIR.PA> and Boeing Co's <BA.N> widebody jets and Rolls-Royce is paid by airlines based on how many hours its engines fly. The Financial Times earlier reported Rolls-Royce was preparing to lay off up to 8,000 of its 52,000-strong workforce. Last month, Rolls-Royce scrapped its targets and final dividend to shore up its finances to cope with the virus outbreak.

  • Planemakers slow plans for new jets as they focus on survival
    Reuters

    Planemakers slow plans for new jets as they focus on survival

    Planemakers are drastically slowing work on new projects to save cash as they focus on surviving a downturn expected to last well into this decade, industry sources said. Plane giants Airbus and Boeing are expected to emphasise immediate priorities over long-term plans in financial results on Wednesday, as air travel remains severely disrupted by the coronavirus pandemic. The fresh approach was trailed by Boeing's decision to scrap a $4.2 billion tie-up with Brazil's Embraer, whose engineers had been expected to play a key role in developing the next round of Boeing jets.

  • WRAPUP 10-Coronavirus causes historic market drop, global scramble to contain 'invisible enemy'
    Reuters

    WRAPUP 10-Coronavirus causes historic market drop, global scramble to contain 'invisible enemy'

    Coronavirus fears led to a historic drop in U.S. stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the global outbreak. Financial markets had their worst day in 30 years despite emergency action by global central banks to try to prevent a recession, with U.S. stock markets falling 12% to 13%, wiping out trillions of dollars in market value. Just a month ago, financial markets were hitting record highs on the assumption the outbreak would largely be contained in China and not cause disruptions beyond what was seen with earlier viral outbreaks of Ebola, SARS and MERS.

  • Thomson Reuters StreetEvents

    Edited Transcript of RR.L earnings conference call or presentation 28-Feb-20 9:00am GMT

    Full Year 2019 Rolls-Royce Holdings PLC Earnings Presentation

  • British aviation industry outlines plans for net-zero emissions by 2050
    Reuters

    British aviation industry outlines plans for net-zero emissions by 2050

    Britain's aviation industry has set out plans to reach a target of net-zero carbon emissions by 2050, even with the building of a third runway at Heathrow airport which is expected to drive up flight numbers. The plans were published on Tuesday by the Sustainable Aviation coalition of companies in the British sector, including engine-maker Rolls Royce, airline easyJet, BP's aviation fuel arm AirBP and planemaker Airbus. Meeting the emissions target is likely to require several major changes in the industry, such as more efficient aircraft and a significant increase in the use of sustainable aviation biofuels, which are currently not widespread.

  • Are Dividend Investors Making A Mistake With Rolls-Royce Holdings plc (LON:RR.)?
    Simply Wall St.

    Are Dividend Investors Making A Mistake With Rolls-Royce Holdings plc (LON:RR.)?

    Could Rolls-Royce Holdings plc (LON:RR.) be an attractive dividend share to own for the long haul? Investors are often...

  • Investing.com

    Top 5 Things to Watch on Tuesday, Jan. 7

    Investing.com - Global stocks have steadied as concerns over the U.S.-Iran standoff eased, while oil and gold retreated from Monday’s highs as markets recalibrated risk premiums. Automakers are in focus after Rolls-Royce marked a 25% jump in 2019 sales and Tesla started work on its Model Y at its new Shanghai factory. U.S. trade balance data, factory orders and figures from the services sector are up ahead. Here's what you need to know in financial markets on Tuesday, Jan. 7.

  • Rolls-Royce gives first look at one-seater electric plane
    Reuters

    Rolls-Royce gives first look at one-seater electric plane

    British engineering company Rolls-Royce gave a first look at a one-seater electric aircraft on Thursday it hopes will fly in late Spring next year and become the world's fastest all-electric aircraft. Aviation accounts for over 2% of global greenhouse gas emissions and passenger numbers are growing but zero-carbon, long-distance planes carrying hundreds of people are still decades away, aviation experts say. Rolls-Royce unveiled the electric plane, which it is building with partners YASA and Electroflight and others and which will target a speed of over 300 miles per hour, at a hangar in Gloucestershire, western England.

  • Stock market news: December 17, 2019
    Yahoo Finance

    Stock market news: December 17, 2019

    The S&P 500 hit a fresh record intraday and closing high Tuesday as a stock rally continued for a fifth straight session.

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

    Rolls-Royce says ValueAct executive leaves board, shares fall

    British engineering company Rolls-Royce <RR.L> 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.

  • 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...

  • Rolls-Royce takes another £800 million hit to fix problem engine
    Reuters

    Rolls-Royce takes another £800 million hit to fix problem engine

    The bill to fix Rolls-Royce's <RR.L> Trent 1000 engine has risen by another £800 million as the aerospace group battles to reduce disruption to airline customers that have had to ground Boeing 787 passenger planes for repairs. The British engineer said on Thursday its operating profit and cash flow this year would come in at the bottom of its guidance - both at about £600 million - as the cost of the Trent 1000's problems rose to £2.4 billion for 2017-2023. Chief Executive Warren East said Rolls would spend more on parts and replacement engines to reduce the time aircraft are grounded while turbine blades are replaced.

  • 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...

  • Westinghouse to buy Rolls-Royce's North American Civil Nuclear unit
    Reuters

    Westinghouse to buy Rolls-Royce's North American Civil Nuclear unit

    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. Rolls-Royce operates 11 sites in Canada, France, the United Kingdom and the United States, Westinghouse said in a statement.