|Bid||918.80 x 344600|
|Ask||919.40 x 265700|
|Day's range||909.20 - 920.60|
|52-week range||747.00 - 1,104.50|
|Beta (3Y monthly)||0.87|
|PE ratio (TTM)||N/A|
|Earnings date||6 Aug 2019|
|Forward dividend & yield||0.12 (1.28%)|
|1y target est||974.81|
Iran would be the only beneficiary of any end to arms exports from Britain to Saudi Arabia, the kingdom's minister of state for foreign affairs said on Thursday, adding that the deployment of weapons in Yemen was legitimate. A UK court earlier found that Britain broke the law by allowing arms sales to Saudi Arabia that might have been used in Yemen's war. The ruling does not halt Britain's arms exports but means the granting of new licences will be paused.
Iran has created a grave situation and jeopardised global oil supplies with its aggressive behaviour, Saudi Arabia's minister of state for foreign affairs said on Thursday, adding that the kingdom was consulting with allies on next steps. The United States and Saudi Arabia are among countries that have blamed Iran for attacks on oil tankers near the Strait of Hormuz, a major transit route for global oil supplies. "I think the situation is very grave because of the aggressive behaviour of Iran," Adel al-Jubeir told reporters in London.
Britain broke the law by allowing arms sales to Saudi Arabia that might have been used in Yemen's war, a court ruled, after activists said there was a clear risk the weapons could be operated in violation of human rights legislation. While the court's decision does not mean Britain must immediately halt arms exports to Saudi Arabia, it does mean that there is a stay on the granting of new export licences to sell arms to the kingdom - Britain's biggest weapons purchaser.
Airbus called on Thursday for a chance to compete for a blockbuster plane order by British Airways owner IAG which stunned industry executives at this week's Paris Airshow by ordering 200 of Boeing's grounded 737 MAX. Airbus launched a long-range version of its successful A321 jet with 226 orders and commitments in Paris, only to see its short-haul position among IAG brands eroded by the huge deal which shores up the embattled 737 MAX. Boeing's top-selling aircraft has been taken out of service worldwide since an Ethiopian Airlines 737 MAX crashed in March, five months after a Lion Air 737 MAX plunged into the sea off Indonesia.
Specialty steelmaker Voestalpine on Wednesday said it had agreed a 10-year deal to supply Rolls-Royce with materials for use in engine disks, landing its biggest contract so far in the engine segment. Voestalpine materials and special forgings are already used in undercarriage, wing, and engine parts in Airbus, Boeing, Embraer and Bombardier models. The materials it will deliver for the rotating engine disks - which are a substantial part of the engine and have to absorb enormous pressure - will operate in conditions of up to 16,500 rotations per minute and temperatures over 2,000° Celsius, Voestalpine said.
Rolls-Royce chief executive Warren East said on Tuesday that uncertainties over Brexit remain an unwelcome distraction for the aerospace industry three years after Britain voted to leave the European Union. A delay to Britain's EU departure and the possibility of it leaving without a deal in October has kept Brexit centre stage at the Paris Airshow, where East said it had dominated a meeting with heads of aerospace companies and a European commissioner. "It's nuts that at a meeting like we had this morning, when we were meant to be talking about new technologies, dealing with global competition, that instead we spend half the time talking about Brexit.
The contest to choose a leader for Britain's governing Conservative Party should not be rushed even though Boris Johnson holds a clear lead, British trade minister Liam Fox said on Tuesday. "We have a process set out where the members of parliament will determine two candidates that go to the whole of our party membership," Fox told Reuters in an interview during a visit to Turkey.
Europe's Airbus has agreed to sell 14 A330neo wide-body passenger jets to Virgin Atlantic in a deal valued at $4.1 billion, the companies announced at the Paris Airshow on Monday, with an option for the airline to order six more. The British airline placed firm orders for the upgraded A330 model, which it had been evaluating against the Boeing 787 Dreamliner. "It happened to be that this one was a fantastic opportunity for Virgin Atlantic to transform its fleet," Weiss told Reuters at the airshow.
Spain on Monday joined a Franco-German project to build a next-generation fighter jet, an initiative touted as key to ensuring Europe can defend itself without depending on allies in an increasingly uncertain world. Dassault Aviation and Airbus will build the warplane which is expected to be operational from 2040, with a view to replacing Dassault's Rafale and Germany's Eurofighter over time. The European project faces competition from Britain, which last year launched its own plans for a new combat jet dubbed "Tempest".
European stock markets closed marginally lower on Monday with a profit warning from Germany's Lufthansa hitting airline stocks, while markets globally awaited clues from the U.S. Federal Reserve on its policy direction. The pan-European STOXX 600 index finished 0.1% lower.
ABU DHABI/PARIS, June 17 (Reuters) - A wholly-owned unit of Abu Dhabi state fund Mubadala, on Monday, sealed a $6.5 billion deal with Rolls-Royce for Trent 700 engine maintenance, tripling the number of those engines it services annually. Sanad Aerotech, previously Mubadala Aerospace Turbine Services & Solutions (TS&S), will provide overhaul services for Trent 700 engines until 2027 under the deal. It will also become a Rolls-Royce Trent 700 Authorised Maintenance Centre.
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British engine maker Rolls-Royce Holdings Plc confirmed on Friday that Spain's Indra Sistemas SA had expressed an interest in taking a majority stake in its Spanish business ITP Aero. In a statement, Rolls-Royce, which makes engines for the Boeing 787 Dreamliner and the Airbus A350 XWB, said it had received a "preliminary and conditional" indication of interest in the holding. Indra confirmed it was in talks with the British company, but said there was no certainty they would lead to a binding agreement.
Mitie Group Plc surpassed its guidance for full-year profit on Thursday and predicted solid growth this year after weathering a tough period for British outsourcers by cutting costs and focusing on its core businesses. The collapse of rival Carillion and Interserve's slide into administration have hurt sentiment towards UK contractors and outsourcing groups, but Chief Executive Officer Phil Bentley was optimistic that Mitie would emerge well placed from the shakeout. Bentley said the company did a "fair bit better" in the year.
Rolls-Royce agreed Britain's largest ever transfer of corporate pension risk, announcing on Thursday it would shift 4.6 billion pounds ($5.8 billion) of assets to insurer Legal & General. Companies are increasingly transferring pension obligations to insurance companies to remove the risk of such schemes from their balance sheets. Consultants predict 30 billion pounds worth of UK pension transfer deals this year.
Air New Zealand Ltd said on Monday it has ordered eight Boeing Co 787-10 Dreamliner jets worth $2.7 billion (2.12 billion pounds) at list prices, to be powered by General Electric Co engines, as part of a drive toward increased efficiency. New Zealand's flag carrier also trimmed its earnings outlook citing higher fuel prices, and said problems with Rolls-Royce Holdings PLC engines and a moderation in demand growth have impacted its financial and operational performance. The new plane order confirmed a Reuters report last week that Boeing had beaten out rival Airbus SE, which had proposed the A350 for the hotly contested deal.
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British aero-engine maker Rolls-Royce said its ability to fix the Trent 1000 fleet problem within budget meant it remained on track to hit its full-year cash and profit targets. Rolls-Royce, which makes engines for large civil aircraft and military planes, has been racing to fix the problem which has angered customers such as British Airways and forced the grounding of many planes. "Our restructuring programme has continued to make progress as we aim to bring down commercial and administrative costs, improve our engineering efficiency and drive lasting culture change at Rolls-Royce," East said.
The PPC is administered by the Chartered Institute of Credit Management and sets standards for payment practices including prompt payment as well as wider payment procedures. The company said it was suspended from the Code as it did not pay at least 95 percent of its supplier invoices within 60 days.
G A Chester is excited by the growth prospects of FTSE 100 (INDEXFTSE: UKX) aerospace giant Rolls-Royce Holding plc (LON:RR).
New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernisation on Thursday, as Europe's plane giant enters a new phase in its titanic rivalry with Boeing. The 51-year-old former planemaking head unveiled the changes a day after the retirement of Tom Enders, the last of the company's founders to leave the scene of recent power battles. "We are in a period of exceptional change in our industry and we need to prepare Airbus for the opportunities and challenges ahead," Faury said in a statement.