Rolls-Royce Holding PLC

Rolls Royce Trent 1000 review provides greater certainty to customers and clarity to investors

DirectorsTalk Interviews FTSE 100

Rolls Royce (LON:RR) has provided its trading & Trent 1000 update. Trading update: ·    Improved trading since the Half Year, however we now expect Full Year operating profit and FCF outcome towards the lower end of guidance ranges ·    At least £1bn FCF in 2020, underpinned by restructuring benefits, operational efficiency improvements, further efforts to reduce inventory and disciplined approach to capital …

Rolls Royce appoint George Culmer as a Non-Executive Director

DirectorsTalk Interviews FTSE 100

Rolls-Royce (LON:RR) has announced the appointment of George Culmer as a Non-Executive Director. He will join the Board with effect from 2 January 2020 and will become a member of the Nominations and Governance Committee, the Audit Committee and its sub-committee that considers cyber and data security and the Safety, Ethics and Sustainability Committee. George is a qualified UK Chartered …

Rolls-Royce update on Trent 1000

DirectorsTalk Interviews FTSE 100

On 6 August 2019, with Rolls-Royce Half Year Results, we cautioned that the rate of recovery in Trent 1000 Aircraft On Ground (AOG) this year was likely to be slower than our original plans, due to the additional Maintenance Repair & Overhaul load resulting from faster deterioration of the high pressure turbine blade on the Trent 1000 TEN. This has …

Rolls-Royce Holding PLC

Rolls-Royce Holdings Good revenue progress with a significant improvement in cash for H2

DirectorsTalk Interviews FTSE 100

Rolls-Royce Holdings (LON: RR.) today announced its 2019 Half Year Results. Warren East, Chief Executive commented: “We delivered further progress across the group in the first half in line with our full year expectations. We expect a significant improvement in cash in the second half as we unwind inventory built up to support customer deliveries and benefit from improved trading …

Rolls-Royce Holding PLC

Rolls-Royce Holdings On track to deliver

DirectorsTalk Interviews FTSE 100

Rolls-Royce Holdings  (LON:RR) are today holding our Annual General Meeting. In his update to shareholders. Chief Executive Warren East will comment: “I am pleased to report that trading is in-line with our expectations. We continue to see a healthy market environment, with strong order intake year-to-date at Power Systems, good flying hour growth in Civil Aerospace and positive order momentum …

Rolls-Royce Holdings Trent 1000 TEN Service Management

DirectorsTalk Interviews FTSE 100

Rolls-Royce Holdings (LON:RR)As part of our work to respond to earlier than anticipated High Pressure Turbine (HPT) blade deterioration identified in a small population of Trent 1000 TEN engines, Rolls-Royce has been working closely with regulatory authorities to establish a plan for inspecting the remaining fleet. This accelerated inspection regime has now been agreed and will be formally communicated to …

Rolls-Royce Holding PLC

Rolls-Royce Holdings Solid progress to make 2018 a breakthrough year, strategically and financially

DirectorsTalk Interviews FTSE 100

Rolls-Royce Holdings (LON:RR), today announced 2018 full year results. Warren East, Chief Executive commented: “Despite the challenges we faced on Trent 1000 in-service issues, solid progress has been made realising our ambition to make 2018 a breakthrough year, both strategically and financially. Underlying financial results are ahead of expectations, with good growth in profit and cash flow. Following the restructuring …

Rolls-Royce Holdings Withdraws From NMA Engine Competition

DirectorsTalk Interviews FTSE 100

Rolls-Royce Holdings (LON:RR) has decided to withdraw from the current competition to power Boeing’s proposed middle of the market – or New Midsize Airplane (NMA) – platform. While we believe the platform complements Boeing’s existing product range, we are unable to commit to the proposed timetable to ensure we have a sufficiently mature product which supports Boeing’s ambition for the …

Rolls-Royce Welcomes Emirates Agreement

DirectorsTalk Interviews FTSE 100

Rolls-Royce (LON:RR) has secured an order for Trent 7000 engines to power 40 Airbus A330neo aircraft from Emirates. The order includes Rolls-Royce’s flagship TotalCare® long term service support. Emirates has also ordered 30 Airbus A350 aircraft, powered by the Trent XWB, also to be covered by TotalCare. Both engine types are the sole powerplant for their respective aircraft. Under an …

Rolls Royce Holdings Plc Good half year progress

DirectorsTalk Interviews FTSE 100, News

Rolls Royce Holdings Plc(LON:RR.), today announced half year results 2018. Commenting on the results, Rolls Royce, Warren East, Chief Executive: “We continued to make good progress in the first half. Financial results were ahead of our expectations with strong growth from Civil Aerospace and Power Systems and we achieved a number of operational and technological milestones. Reflecting our progress to …