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: 457.80
Bid: 458.50
Ask: 458.70
Change: -10.00 (-2.14%)
Spread: 0.20 (0.044%)
Open: 468.00
High: 468.20
Low: 452.60
Prev. Close: 467.80
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
26 Jul 2023 16:54

LONDON MARKET CLOSE: Europe falls amid pre-Fed decision caution

(Alliance News) - Blue-chip stock prices in Europe closed lower on Wednesday, as risk aversion set in ahead of a Federal Reserve interest rate decision later.

Read more
26 Jul 2023 11:51

LONDON MARKET MIDDAY: Stocks lower as eyes on US Fed's next move

(Alliance News) - Stock prices in London were lower at midday on Wednesday, following a busy morning of earnings, as well as a key interest rate decision from the US this evening.

Read more
26 Jul 2023 11:19

Rolls-Royce leaps as airline and defence demand lifts profits

Upgrades FY profit, cash flow forecasts

*

Read more
26 Jul 2023 09:01

LONDON MARKET OPEN: Trade muted; Rolls-Royce surges on higher guidance

(Alliance News) - Trading in London was muted on Wednesday morning, as investors eye a key interest rate decision from the US Federal Reserve.

Read more
26 Jul 2023 08:52

TOP NEWS: Rolls-Royce shares take off on raised annual guidance

(Alliance News) - Rolls-Royce Holdings PLC on Wednesday said financial results for the first half of 2023 and for the full year will be materially above market consensus.

Read more
26 Jul 2023 07:52

LONDON BRIEFING: Lloyds raises guidance; Rio Tinto profit down

(Alliance News) - Stocks in London are called to open lower on Wednesday, following a slew of earnings from UK companies, as well as an interest rate decision from the US Federal Reserve.

Read more
26 Jul 2023 07:04

Rolls-Royce hikes guidance after bumper first half

(Sharecast News) - Rolls-Royce surpassed market expectations in its first half, it said in an update on Wednesday, as its ongoing transformation efforts drove improved margins and bolstered its full-year outlook.

Read more
20 Jul 2023 09:47

IN BRIEF: Rolls-Royce names new finance chief, starting in August

Rolls-Royce Holdings PLC - London-based, FTSE 100-listed jet engine manufacturer - Confirms Helen McCabe as next chief financial officer, to succeed Panos Kakoullis effective August 4. Reiterates that Kakoullis will remain at Rolls-Royce until August 31; will disclose full details of his remuneration on August 7.

Read more
18 Jul 2023 15:53

Britain opens competition to develop small nuclear plants by the 2030s

LONDON, July 18 (Reuters) - Britain on Tuesday opened a competition to develop small modular nuclear reactors (SMRs), and is aiming to see them operating in the country by the early 2030's, according to energy security minister Grant Shapps.

Read more
18 Jul 2023 00:01

Britain opens small nuclear reactor competition, launches new nuclear body

LONDON, July 18 (Reuters) - Britain on Tuesday opened a competition to develop small modular nuclear reactors (SMRs), such as those being developed by Rolls-Royce, as it launched its new Great British Nuclear body designed to help drive the expansion of projects in the country.

Read more
10 Jul 2023 16:03

Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar

MUMBAI, July 10 (Reuters) - Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing as airlines place record jet orders, a top executive at the Indian company said.

Read more
20 Jun 2023 17:20

Miners, oil drag London stocks lower after modest China rate cut

Miners down as metal prices fall on strong dollar, China worries

*

Read more
20 Jun 2023 16:48

Paris air show: India centre stage as another big jet deal lands

Air India finalises order for 470 Airbus/Boeing jets

*

Read more
13 Jun 2023 08:45

LONDON BROKER RATINGS: Citigroup cuts Admiral Group to 'sell'

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

Read more
13 Jun 2023 07:51

LONDON BRIEFING: Higher call after surprise fall in UK unemployment

(Alliance News) - Stocks in London were set to open higher on Tuesday, after the unemployment rate in the UK unexpectedly declined in the three months to April and pay growth sped up.

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.