Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 486.10
Bid: 485.80
Ask: 486.10
Change: 0.60 (0.12%)
Spread: 0.30 (0.062%)
Open: 484.50
High: 488.30
Low: 484.50
Prev. Close: 485.50
RR. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Thursday preview: Fed's Powell, Rolls Royce in the spotlight

Wed, 26th Aug 2020 15:54

(Sharecast News) - The market spotlight on Thursday will be on the US central bank and the start of its annual gathering of central banking experts from around the world at Jackson Hole, Wyoming,








In his keynote speech, Fed chairman Jerome Powell is expected to lay out the case for a policy of so-called inflation averaging, which entails maintaining easy monetary policy for longer.

Across the Channel meanwhile, the focus will be on the release of German retail sales figures for July and euro area money supply data covering that same month.

No major economic releases are scheduled in the UK.

Further afield, rate-setters in South Korea are expected to announce their latest policy decision.

Rolls Royce is among the top firms due to update shareholders on Thursday in the UK.

For the company's first half, UBS analyst Celine Fornaro forecasts that the engineer will post a 32% year-on-year drop in sales to reach £5.03bn.

She estimated that would result in a £199m group loss, including £300m of red ink at its aerospace arm and free cash flow guidance of -£3.0bn.

Among the key themes for the call with investors, Fornaro was expecting an update on the company's balance sheet review, trends in 2021/22 flying hours and on their impact on the company's legacy programmes, including the A330.

The analyst was also anticipating updates on asset impairments, on the implications of Roll's underlying performance for taxes and financial charges and as regards one-offs.

In its 9 July trading update, the firm reiterated guidance for original equipment manufacturing of 250 large engines.

It also said it had made "good" progress on its restructuring programme, having achieved £300m out of a projected £700m worth of measures during the half, alongside the start of its 9,000+ of job reductions.

The lion's share of the costs linked to the latter were expected to be booked in the final half of 2020 and 2021 (UBS: £200-300m).

Thursday 26 August

FINALS

Hays

INTERIMS

Anglo Pacific Group, Boston International Holdings, Grafton Group Ut, Macfarlane Group, PureTech Health, Rolls Royce, Total Produce, WPP

AGMs

Angle, Northern 3 VCT, Kodal Minerals, UK Commercial Property Reit Limited

FINAL EX-DIVIDEND DATE

Halma, Henderson Smaller Companies Inv Trust, Downing One VCT, XPS Pensions Group

INTERIM EX-DIVIDEND DATE

Warehouse Reit, Bodycote, Personal Assets Trust, Anexo Group, JPMorgan American Inv Trust, Rights & Issues Inv Trust Income Shares, Aquila European Renewables Income Fund (GBP), JPMorgan Global Growth & Income, Ultra Electronics Holdings, PayPoint, Globaldata, LondonMetric Property, Persimmon, Aberdeen Emerging Markets Investment Company, Atlantis Japan Growth Fund Ltd., VPC Specialty Lending Investments, Carr's Group

QUARTERLY EX-DIVIDEND DATE

BlackRock World Mining Trust

QUARTERLY PAYMENT DATE

Tetragon Financial Group Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

M3 Money Supply (EU) (09:00)

GDP (Preliminary) (US) (13:30)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)

More News
14 Apr 2023 00:01

Britain announces funding for next stage of fighter project with Japan and Italy

LONDON, April 14 (Reuters) - Britain said on Friday it had allocated over $800 million for the next phase of its fighter jet programme with Japan and Italy, with a major contract awarded to BAE Systems.

Read more
6 Apr 2023 16:00

UK defence firms keen to expand in India -business council

NEW DELHI, April 6 (Reuters) - British defence companies are planning to boost tie ups or make new investments in India, amid broader efforts to diversify their supply chains, an industry body said on Thursday.

Read more
31 Mar 2023 09:24

TOP NEWS: Rolls-Royce names BP's Helen McCabe as incoming CFO

(Alliance News) - Rolls-Royce Holdings PLC on Friday named Helen McCabe as its new chief financial officer, to join the jet-engine maker "later this year".

Read more
31 Mar 2023 08:15

Rolls-Royce names Helen McCabe as CFO

(Sharecast News) - Aerospace company Rolls-Royce Holdings revealed on Friday that Helen McCabe will join its board as chief financial officer later in the year.

Read more
31 Mar 2023 07:56

LONDON BRIEFING: UK avoids recession in 2022; house prices down 3%

(Alliance News) - Stocks in London were called to open flat on Friday, amid better-than-expected UK GDP figures.

Read more
31 Mar 2023 07:46

New CEO of UK's Rolls-Royce brings in new CFO, makes leadership changes

Hires BP's Helen McCabe as CFO

*

Read more
31 Mar 2023 07:06

UK's Rolls-Royce names BP executive as new CFO

LONDON, March 31 (Reuters) - British engineering company Rolls-Royce named Helen McCabe, a BP executive, as its new chief financial officer as Tufan Erginbilgic, CEO since January, looks to implement his transformation programme.

Read more
21 Mar 2023 17:26

Banks spur rebound in European stocks as contagion fears recede

S&P says European banks can weather the market turmoil

*

Read more
17 Mar 2023 07:53

LONDON BRIEFING: Emis takeover and BT Openreach get watchdog scrutiny

(Alliance News) - London's FTSE 100 is called to open higher on Friday, ending a tumultuous week in the green.

Read more
17 Mar 2023 07:37

Rolls-Royce inks funding to develop reactor for Moon exploration

(Alliance News) - Rolls-Royce Holdings PLC has received funding from the UK Space Agency to develop a nuclear reactor for a Moon base.

Read more
14 Mar 2023 16:55

LONDON MARKET CLOSE: Stocks green as financial instability fears ebb

(Alliance News) - Stocks in London ended in the green on Tuesday, as easing fears around the financial sector joined market positivity off the back of lower US inflation data.

Read more
14 Mar 2023 16:10

Rolls-Royce tops FTSE 100 after submarine contract award with BAE

(Alliance News) - Rolls-Royce Holdings PLC was the top performing FTSE 100 stock on Tuesday afternoon, as a statement from the UK government said it and BAE Systems PLC have been chosen to build the UK and Australia's SSN-AUKUS submarines.

Read more
14 Mar 2023 12:27

S&P raises Rolls Royce long-term debt rating to BB with 'positive' outlook

(Sharecast News) - Standard and Poor's raised its rating for Rolls Royce long-term debt with a positive outlook.

Read more
14 Mar 2023 08:46

Citi ups Rolls-Royce price target, cites 'clear route to much better cash flow'

(Sharecast News) - Citi lifted its price target on Rolls-Royce on Tuesday to 255p as it cited "a clear route to much better cash flow".

Read more
13 Mar 2023 21:46

Eyeing China, Biden and allies unveil nuclear-powered submarine plan for Australia

SAN DIEGO, March 13 (Reuters) - The leaders of the United States, Australia and Britain on Monday unveiled details of a plan to provide Australia with nuclear-powered attack submarines, a major step involving investment of hundreds of billions of dollars aimed at countering China's ambitions in the Indo-Pacific.

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.