A Rolls-Royce jet engine and logo on display at a company production facility in Europe. (Photo: ... [+] Omer Messinger/Getty Images)Getty ImagesFollowing on from a remarkable 2023 with share price gains of over 200% on an annualized basis, Rolls-Royce (LON: RR) appears to be carrying over the momentum into the new year.The engineering, energy and aerospace giant recently declared more than doubling of its profits for 2023. Last year's top riser on the U.K.'s FTSE 100, as well as the Stoxx 600, a pan-Europe ...

Rolls-Royce Holdings PLC (LSE:RR.) boss Tufan Erginbilgic has not ruled out the possibility of the company building its first mini nuclear reactors overseas. Citing concern over the sluggish pace of the UK’s small modular reactor (SMR) selection process, Erginbilgic told The Telegraph an initial rollout on the continent was possible. Discussing where the first SMR will be built, he said: “We will do the right thing for Rolls-Royce, and that is an option available to us. “My hope is that [...] we can build i ...

Rolls-Royce Holdings PLC (LSE:RR.) boss Tufan Erginbilgic has well and truly delivered on his promise to turn the company around, according to analysts. Following the company’s report of better-than-expected £1.6 billion full-year profit, eToro’s Adam Vettese said it may well not be long before the engine maker fires up its dividend payments once more. FTSE 100-listed Rolls-Royce has forgone any dividend payments since the pandemic struck in 2020. Indeed, Covid-19 hit the business hard, grounding large swat ...

An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain.LONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year.Rolls-Royce, which manufactures jet engines for commercial aircraft along with power systems for ships and submarines, posted an underlying operating profit of £1.6 billion ($2 billion) in 2023, compared to £652 million in 2022.The group a ...

Rolls-Royce Holdings PLC (LSE:RR.) reported 143% growth in underlying profits for last year, higher than expected as it cut costs and demand for its aircraft engines recovered from the pandemic lull. The FTSE 100 group expects demand to continue to grow this year, with further efficiencies from chief executive Tufan Erginbilgic's transformation plan.  Underlying operating profit came in at £1.6 billion for 2023, up £0.9 billion on the previous year as revenue grew 21% to £15.4 billion. Free cash flow more t ...

Rolls-Royce Holdings PLC (LSE:RR.) has received an order from Starlux Airlines on the back of the carrier's purchase of new Airbus Group (EPA:AIR) jets at the Singapore air show. Starlux penned orders for three Airbus A330neo passenger jets and five A350 freighters, all of which will be powered by Rolls-Royce engines. “We welcome this order for further Trent 7000 and Trent XWB-97 engines, and thank Starlux for its continued confidence in the power of our Trent engines,” Rolls-Royce civil aero boss Ewen McDo ...

Rolls-Royce Holdings PLC (LSE:RR.) will report on a year that saw the manufacturer rise from the ashes to become the FTSE 100’s biggest gainer next Thursday, 22 February. Indeed, the report will come just over a year after chief executive Tufan Erginbilgic equated Rolls-Royce to a “burning platform” on his arrival at the company. Since then, investors have enjoyed a tougher stance on airline engine contracts from Rolls-Royce, a restructuring effort promising to improve productivity and ultimately a boost fr ...

British aerospace large-cap Rolls-Royce Holdings PLC (LSE:RR.) has been dropped by Thai Airways as the exclusive supplier of widebody engines. Bloomberg reported that the Bangkok-based airline placed an order for 45 General Electric-powered Boeing aircraft instead. Thai Airways and Rolls-Royce have priors; last November, the former’s chief executive Chai Eamsiri lambasted Rolls for not offering price concessions on an order of Trent engines. “You should never play hard to your customer. If you play hard, yo ...

Rolls-Royce (LON: RR) share price has pulled back sharply in the past few days as attention shifts to February 22nd when the company will publish its financial results. After peaking at 325.3p, the stock has retreated to almost 300p, making it one of the top FTSE 100 laggards of this year. Full-year results aheadCopy link to sectionRolls Royce Holdings stock price has come under intense pressure and is in the same place where it was when the year started. This performance is a strong reversal considering th ...

Rolls-Royce's mini-nuclear plans have seemingly suffered a setback with the UK’s first privately-funded station set to use reactors built by a US group. Community Nuclear Power told The Telegraph it had reached an agreement with Westinghouse to supply the reactors with an announcement “imminent”. The new station will be on Teesside with power coming from four small nuclear reactors or SMRs. Producing up to 1.5 gigawatts of power or enough for up to two million homes, the target is to have the station up and ...