The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 440.40
Bid: 439.40
Ask: 439.50
Change: 12.40 (2.90%)
Spread: 0.10 (0.023%)
Open: 429.00
High: 446.70
Low: 420.10
Prev. Close: 428.00
RR. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Norway's suspension of engine maker sale a 'serious concern', Russia embassy says

Wed, 10th Mar 2021 09:27

OSLO, March 10 (Reuters) - Norway's decision to suspend the
planned sale of a maritime engine maker to Russia's TMH Group is
a matter of "serious concern" and suggests possible anti-Russian
sentiment, the Russian embassy in Oslo told Reuters.

Norway on Tuesday ordered Britain's Rolls-Royce Holdings
to pause the sale of Bergen Engines to TMH while the
government assesses national security implications for its navy
and the civilian sector.

"(TMH) is a well-known major private company that has quite
a number of international assets and has been working in the
international market for a long time," the Russian embassy said
in a statement to Reuters.

"The ongoing discussion in Norway with anti-Russian
implication in this connection causes serious concern," it said.

Rolls-Royce last month announced a 150 million euro ($178
million) agreement to sell the Norwegian maker of gas and diesel
engines for marine use and power generation.

Bergen Engines is a supplier to NATO member Norway's navy.

The transaction now faces scrutiny by Norway's NSM security
agency in coordination with other government bodies.

"We are looking at undesirable transfers of technology and
knowledge," Defence Minister Frank Bakke-Jensen of Norway's
Conservative Party told public broadcaster NRK on Wednesday.

He added however that stopping a transaction would be a
serious intervention in an agreement between two companies, and
that Norway remains committed to rules-based international
trade.

Relations between Norway and Russia, which share a border in
the Arctic, gradually improved in the post-Cold War era before
suffering a setback when Moscow annexed Crimea in 2014.

That triggered more tension in the north with a military
build-up on both sides and more frequent manoeuvres.

If the sale of Bergen Engines goes ahead, the navy would
likely have to seek new suppliers, Norway's chief of defence,
General Eirik Kristoffersen, told private broadcaster TV2.

"If there's a Russian company owning a Norwegian firm from
which we are to receive deliveries, we can't take such
deliveries," Kristoffersen said.

TMH Group on Tuesday said it would cooperate with Norwegian
authorities and it was hopeful of completing the transaction.

($1 = 0.8420 euros)
(Reporting by Terje Solsvik and Nerijus Adomaitis; editing by
Jason Neely)

More News
23 May 2024 16:46

London close: Stocks slip on UK election, US jobless claims

(Sharecast News) - London stocks ended lower on Thursday, mirroring Wall Street's decline as jobless claims in the US fell more than anticipated.

Read more
23 May 2024 09:57

TOP NEWS: Rolls-Royce backs outlook as transformation continues apace

(Alliance News) - Rolls-Royce Holdings PLC on Thursday said it made a strong start to 2024, despite continued industry-wide supply chain challenges as it continues its transformation with "pace and intensity".

Read more
23 May 2024 08:05

Rolls-Royce makes 'strong start' to FY24

(Sharecast News) - Aerospace and defence business Rolls-Royce said on Thursday that it had made "a strong start to the year", building on its "record" performance in 2023 despite continued industry-wide supply chain challenges.

Read more
22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a market once seen as the engine of global growth.

Read more
16 May 2024 15:46

UK shareholder meetings calendar - next 7 days

Friday 17 May 
Bank of Cyprus Holdings PLCAGM
Central Asia Metals PLCAGM
Quantum Exponential Group PLCGM re potential substantial investment in company
Monday 20 May 
Georgia Capital PLCAGM
Harworth Group PLCAGM
Hilton Food Group PLCAGM
Itaconix PLCAGM
Malvern International PLCAGM
Windward LtdAGM
Revolution Bars Group PLCGM re fundraising
Tuesday 21 May 
Capita PLCAGM
Centamin PLCAGM
Coca-Cola HBC AGAGM
Dowlais Group PLCAGM
Empresaria Group PLCAGM
Equals Group PLCAGM
Fintel PLCAGM
Forterra PLCAGM
Gamma Communications PLCAGM
GetBusy PLCAGM
HydrogenOne Capital Growth PLCAGM
Impact Healthcare REIT PLCAGM
IWG PLCAGM
JTC PLCAGM
K3 Business Technology Group PLCAGM
M&G Credit Income Investment Trust PLCAGM
Metro Bank Holdings PLCAGM
Portmeirion Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Sherborne Investors (Guernsey) C LtdAGM
TBC Bank Group PLCAGM
Trustpilot Group PLCAGM
US Solar Fund PLCAGM
Wednesday 22 May 
4imprint Group PLCAGM
Bango PLCAGM
Boku IncAGM
Empiric Student Property PLCAGM
Invinity Energy Systems PLCGM re placing of shares
M&G PLCAGM
Mindflair PLCGM
NIOX Group PLCAGM
PPHE Hotel Group LtdAGM
Riverstone Credit Opportunities Income PLCAGM
Spirent Communications PLCGM re Keysight takeover offer
Staffline Group PLCAGM
Stelrad Group PLCAGM
VH Global Sustainable Energy Opportunities PLCAGM
Zotefoams PLCAGM
Thursday 23 May 
Baillie Gifford Shin Nippon PLCAGM
Bakkavor Group PLCAGM
Bank of Ireland Group PLCAGM
Capricorn Energy PLCAGM
Crossword Cybersecurity PLCAGM
Deliveroo PLCAGM
Energean PLCAGM
Essentra PLCAGM
Ferrexpo PLCAGM
Headlam Group PLCAGM
Hill & Smith PLCAGM
Indivior PLCGM re seeking primary US listing
Inspirit Energy Holdings PLCAGM
Legal & General Group PLCAGM
Life Science REIT PLCAGM
N4 Pharma PLCAGM
Norman Broadbent PLCAGM
Petershill Partners PLCAGM
Prudential PLCAGM
Quilter PLCAGM
Regional REIT LtdAGM
Resolute Mining LtdAGM
Rolls-Royce Holdings PLCAGM
Sabre Insurance Group PLCAGM
Shaftesbury Capital PLCAGM
Spectris PLCAGM
Strip Tinning Holdings PLCAGM
Yu Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

Read more
29 Apr 2024 11:20

Turkish Airlines in talks with Airbus, Boeing to buy 235 planes

ISTANBUL, April 29 (Reuters) - Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.

Read more
29 Apr 2024 09:58

Turkish Airlines says it is strengthening ties with Rolls-Royce, Airbus

ISTANBUL, April 29 (Reuters) - Turkish Airlines said on Monday Rolls-Royce was exploring the potential establishment in Turkey of maintenance, repair and overhaul capabilities and further supply chain sourcing, in line with their partnership.

Read more
28 Apr 2024 13:20

Sunday newspaper round-up: Royal Mail, Shein, Canary Wharf

(Sharecast News) - The heads of the Communication Workers Union have acquiesced to Royal Mail's demand to end six-day-a-week letter deliveries, paving the way for historic cuts to postal services. Royal Mail wants to amend its universal service obligation so that it must only deliver second-class post every other day. Nonetheless, first-class mail would continue to be delivered on Saturday, union sources said. Ofcom has yet to respond to Royal Mail's proposals. - The Sunday Times

Read more
23 Apr 2024 08:26

Britain's FTSE 100 blue-chip stock index hits record high

LONDON, April 23 (Reuters) - Britain's blue-chip FTSE 100 index hit a record high on Tuesday, following last week's sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to top U.S. earnings later in the week.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
10 Apr 2024 09:06

Ex-Rolls-Royce CEO to chair under-fire UK air traffic controller NATS

(Alliance News) - UK air traffic controller National Air Traffic Services on Wednesday said it has hired former Rolls-Royce Holdings PLC CEO Warren East as non-executive chair, after having come under pressure from regulators and airlines over a costly outage back in August.

Read more
9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

*

Read more
25 Mar 2024 05:51

UK government to unveil GBP200 million nuclear investment

(Alliance News) - Prime Minister Rishi Sunak will on Monday announce GBP200 million of public investment to boost the UK's nuclear deterrent programme and its civil nuclear industry, which the government says will support 40,000 expected new jobs.

Read more
22 Mar 2024 08:59

LONDON BROKER RATINGS: RBC cuts St James's Place; HSBC cuts Ascential

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.