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United Kingdom

Rolls-Royce Holdings PLC (RR.L)

RR.L on London Stock Exchange

1,023.50GBp
17 Aug 2018
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8.50 (+0.84%)
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Latest Key Developments (Source: Significant Developments)

Ana Says Domestic Flight Cancellations For Engine Inspection Total 619 Flights In July, 378 In August
Tuesday, 31 Jul 2018 

July 31 (Reuters) - ANA Holdings Inc <9202.T>::JAPAN’S ANA SAYS SEES LOST REVENUES OF 3.5 BILLION YEN ($31.48 million) FROM JULY, AUGUST FLIGHT CANCELLATIONS, PLANS TO CLAIM BACK FROM ROLLS-ROYCE.ANA SAYS DOMESTIC FLIGHT CANCELLATIONS FOR ENGINE INSPECTION TOTAL 619 FLIGHTS IN JULY, 378 IN AUGUST.  Full Article

Rolls-Royce And TSK Agree Contract To Deliver Five Power Plants Across Chile
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE AND TSK TO DELIVER FIVE POWER PLANTS, 475 MW OF BACKUP CAPACITY FOR CHILE’S NATIONAL ELECTRICITY GRID.ROLLS-ROYCE - CONSORTIUM OF EPC CONTRACTOR TSK & CO SIGNED ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACT WITH PRIME ENERGÍA QUICKSTART SPA.ROLLS-ROYCE - ORDER TO DELIVER THE POWER PLANTS TO THE FIRST THREE LOCATIONS HAS BEEN OFFICIALLY PLACED WITH THE CONSORTIUM.ROLLS-ROYCE - ORDER FOR THE TWO ADDITIONAL PLANTS SCHEDULED TO FOLLOW SHORTLY.  Full Article

Rolls-Royce Says Signs MoU To Be Bruce Power's Digital Partner
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Rolls-Royce Holdings PLC ::BRUCE POWER AND ROLLS-ROYCE EXPAND DIGITAL PARTNERING.NEW AGREEMENT EXPANDS THE TWO COMPANIES’ CURRENT T-104 PROGRAM, WHICH HAS EXCEEDED ITS VALUE DELIVERY TARGETS SINCE STARTING IN 2017.ROLLS-ROYCE HAS SIGNED A MEMORANDUM OF UNDERSTANDING TO BE BRUCE POWER'S DIGITAL PARTNER.ALSO AGREED TO BE A CHARTER PARTNER TO BRUCE POWER’S RECENTLY ANNOUNCED ONTARIO NUCLEAR INNOVATION INSTITUTE.  Full Article

Rolls-Royce To Sell Commercial Marine Business To KONGSBERG
Friday, 6 Jul 2018 

July 6 (Reuters) - Rolls-Royce Holdings PLC ::TO SELL ITS COMMERCIAL MARINE BUSINESS, TO KONGSBERG, FOR AN ENTERPRISE VALUE OF £500M AND NET PROCEEDS OF AROUND £350M TO £400M.SALE INCLUDES PROPULSION, DECK MACHINERY, AUTOMATION AND CONTROL.KONGSBERG WILL HAVE ACCESS TO PRODUCTS FROM BERGEN ENGINES, WHICH REMAINS PART OF ROLLS-ROYCE POWER SYSTEMS.ROLLS-ROYCE POWER SYSTEMS WILL CONTINUE TO SUPPLY MTU ENGINES TO A RANGE OF CUSTOMERS IN THE MARINE MARKET.DISPOSAL IS EXPECTED TO HAVE HAD AROUND A £50M POSITIVE PROFIT IMPACT BASED ON 2017 PRO FORMA FIGURES.TRANSACTION HAS BEEN APPROVED BY THE BOARDS OF BOTH ROLLS-ROYCE AND KONGSBERG AND IS EXPECTED TO CLOSE IN Q1 2019.  Full Article

KONGSBERG Enters Into Agreement To Acquire Rolls-Royce Commercial Marine
Friday, 6 Jul 2018 

July 6 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG HAS ENTERED INTO AGREEMENT TO ACQUIRE ROLLS-ROYCE COMMERCIAL.KONGSBERG HAS ENTERED INTO AGREEMENT TO ACQUIRE ROLLS-ROYCE COMMERCIAL.PARTIES HAVE AGREED A VALUE FOR ROLLS-ROYCE COMMERCIAL MARINE OF GBP 500 MILLION (ON A CASH AND DEBT FREE BASIS AND WITH WORKING CAPITAL AT AN AGREED LEVEL).FINAL PURCHASE PRICE, WILL BE DETERMINED BASED ON ROLLS-ROYCE COMMERCIAL MARINE'S CASH, DEBT AND WORKING CAPITAL AT TIME OF COMPLETION OF TRANSACTION..WILL FINANCE ACQUISITION OF ROLLS-ROYCE COMMERCIAL MARINE THROUGH A COMBINATION OF NEW EQUITY AND A NEW BOND LOAN.WILL FINANCE ACQUISITION OF ROLLS-ROYCE COMMERCIAL MARINE THROUGH A COMBINATION OF NEW EQUITY AND A NEW BOND LOAN.PURCHASE PRICE WILL BE PAID IN CASH UPON COMPLETION OF TRANSACTION..  Full Article

Rolls-Royce says accelerating development of permanent fix for Package C engines rotor issue
Wednesday, 30 May 2018 

May 30 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE TRENT 1000 OPERATIONAL RESPONSE.ROLLS-ROYCE - RESPONDING WITH RANGE OF ACTIVITIES TO SUPPORT CUSTOMERS EXPERIENCING DISRUPTION FROM RESULT OF REQUIREMENT FOR INCREASED INSPECTIONS ON TRENT 1000 PACKAGE C ENGINES.ROLLS-ROYCE HOLDINGS PLC - "FULLY RECOGNISE THE UNACCEPTABLE LEVELS OF DISRUPTION OUR CUSTOMERS ARE FACING.".ROLLS-ROYCE - ALSO ACCELERATING THE DEVELOPMENT OF THE PERMANENT FIX TO THE INTERMEDIATE PRESSURE COMPRESSOR ROTOR ISSUE SEEN ON PACKAGE C ENGINES.ROLLS-ROYCE - AIM TO HAVE FIRST PARTS AVAILABLE FOR ENGINE OVERHAUL IN LATE 2018, RATHER THAN 2019 AS ORIGINALLY PLANNED.ROLLS-ROYCE-DEVELOPED NEW ON-WING INSPECTION TECHNIQUES TO SUPPORT AIRLINES IN MEETING REQUIREMENTS OF AIRWORTHINESS DIRECTIVES AS QUICKLY, EFFICIENTLY AS POSSIBLE.ROLLS-ROYCE HOLDINGS PLC - ASSESSMENT OF THE FINANCIAL IMPLICATIONS OF TRENT 1000 PACKAGE C IN-SERVICE ISSUES REMAINS UNCHANGED.ROLLS-ROYCE- EXPECT NUMBER OF AIRCRAFT AFFECTED TO RISE IN SHORT TERM, AS THE DEADLINE FOR COMPLETION OF INITIAL INSPECTIONS APPROACHES.  Full Article

Rolls-Royce Says MT30 Marine Gas Turbine Selected To Power Japan's New Frigate
Monday, 21 May 2018 

May 21 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE SELECTED TO SUPPLY MT30 GAS TURBINE TO POWER NEW CLASS OF FRIGATES FOR JAPAN MARITIME SELF DEFENCE FORCE.  Full Article

Rolls-Royce Says Signs Cooperation Agreement With Siem Offshore
Wednesday, 9 May 2018 

May 9 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE AND SIEM OFFSHORE FORMALISE LONG-TERM COOPERATION WITH FIVE YEAR DECK MACHINERY MAINTENANCE AGREEMENT.FIVE-YEAR MAINTENANCE INSPECTION PROGRAMME IS THE FORMALISATION OF A COOPERATION AGREEMENT BETWEEN ROLLS-ROYCE AND SIEM OFFSHORE.  Full Article

Rolls-Royce Signs Contract To Deliver Ship Design And Equipment To New Fishing Vessel
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Rolls-Royce Holdings PLC ::SIGNED CONTRACT TO DELIVER SHIP DESIGN, EXTENSIVE RANGE OF EQUIPMENT TO A 70-METRE LONG STERN TRAWLER TO BE BUILT FOR OLYMPIC SEAFOOD IN NORWAY.  Full Article

Air New Zealand Updates on Rolls-Royce Engine Issue
Monday, 16 Apr 2018 

April 16 (Reuters) - Air New Zealand Ltd ::WORKING WITH ROLLS-ROYCE ON GLOBAL ISSUE INVOLVING SOME OF TRENT 1000 ENGINES THAT POWER ITS BOEING 787-9 DREAMLINER FLEET.DOES NOT EXPECT ISSUE TO MATERIALLY IMPACT FY18 EARNINGS AND PREVIOUS GUIDANCE REMAINS UNCHANGED.EXPECTS THERE WILL BE SOME CUSTOMER AND OPERATIONAL IMPACT TO ITS INTERNATIONAL SCHEDULE AS A RESULT OF MAINTENANCE CHECKS.ROLLS-ROYCE ADVISES 380 ENGINES GLOBALLY IMPACTED BY DIRECTIVE BY EASA & ROLLS-ROYCE, INCLUDING 9 IN AIR NEW ZEALAND 787 FLEET.  Full Article

Exclusive - ValueAct invests $800 million in financial stocks in second quarter - letter

BOSTON Activist hedge fund ValueAct Capital Management boosted investments in financial stocks by more than $800 million during the second quarter, citing attractive risk-adjusted values of big banks, according to a client letter viewed by Reuters.