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Rolls-Royce to detail stellar year in results as attention turns to future
Proactive Investors· 2024-02-16 12:53
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 ...
Rolls-Royce loses Thai Airways as exclusive customer
Proactive Investors· 2024-02-14 11:11
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 share price hits turbulence as focus shifts to Feb 22nd
Invezz· 2024-02-13 12:49
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 snubbed for UK's first private nuclear station
Proactive Investors· 2024-02-08 13:24
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 ...
Here's why the Rolls-Royce stock price just retreated
Invezz· 2024-01-23 13:13
Rolls-Royce Holdings (LON: RR) stock price retreated by more than 2% on Tuesday after the latest General Electric (GE) results. The shares pulled back to 302p, a few points below its all-time high of 312.7p. GE stock retreated by more than 8% in the pre-market session.Like General Electric, Rolls-Royce is a leading player in the civil aviation industry, where it makes engines mostly for wide body aircraft. The two companies are also huge players in the defence industry, where they manufacture engines for th ...
Rolls-Royce engine hours recovering fastest among rivals- analyst
Proactive Investors· 2024-01-19 15:13
Rolls-Royce Holdings PLC (LSE:RR.) enjoyed a more rapid recovery in terms of the flight times of its engines toward 2019 levels than rivals last year, CitiGroup analysts have revealed. Combined hours flown by its engines ended the year 8% off pre-pandemic levels, the bank’s data showed on Friday, having seen a 42% increase in cycles compared to 2022. Though this was off General Electric’s engine times, which closed the year 7% off 2019 levels, Rolls-Royce began the year from a lower base meaning the FTSE 10 ...
Rolls-Royce share price receives a rare analyst downgrade
Invezz· 2024-01-16 11:39
Rolls-Royce (LON: RR) share price drifted downwards on Tuesday after the industrial giant received a rare downgrade. The stock, which peaked at 313p in December, retreated to a low of 292p, the lowest point on January 5th. Despite the retreat, it is one of the best-performing FTSE 100 constituents as it jumped by over 180% from its lowest point in 2023.Rolls Royce shares chart The main reason for the retreat is a negative note from Berenberg analysts who warned that the rally was overstretched. In their not ...
Rolls-Royce hit by rare downgrade, as Berenberg cuts to 'sell'
Proactive Investors· 2024-01-16 10:39
Rolls-Royce Holdings PLC (LSE:RR.) was hit by a rare downgrade on Tuesday, sending shares down by 1.1%. Berenberg has moved the engineer, which was the top performing FTSE 100 stock in 2023, to ‘sell’ from ‘hold’. It thinks some of the drivers of Rolls-Royce’s margin expansion outlook through to 2027, which mostly relate to currency and favourable mix and base effects, will reverse thereafter. “What happens from 2027, when several of these tailwinds should reverse, will be key for the intrinsic valuation, i ...
Rolls-Royce engine flight times expected at top end of estimates - analysts
Proactive Investors· 2024-01-11 15:06
Rolls-Royce Holdings PLC (LSE:RR.) should report collective flight times of its engines at the top end of guidance this year, according to Bank of America analysts. This would see Rolls-Royce engine flight times at roughly 87% of pre-2019 levels, marking a boost given the FTSE 100-listed manufacturer is paid partially based on how much its power units are used. “In our view, wide body recovery and China reopening has continued through the fourth quarter and this has been felt positively on Rolls-Royce’s por ...
Rolls-Royce Motor hails record year as bespoke orders hit high
Proactive Investors· 2024-01-08 12:41
Rolls-Royce Motor Cars has announced that 2023 was a record year for the luxury carmaker, as appetite for high-end vehicles remained strong. An all-time high of 6,032 models were sold over the year, compared to 6,021 in 2022, with each boasting bespoke elements, Rolls-Royce reported on Monday. Bespoke commissions themselves hit a new peak, the BMW-owned carmaker added, driven by demand in the Middle East. “The Middle East maintained its position as the leading source of highly elaborate and technically dema ...