|Bid||714.20 x 0|
|Ask||714.40 x 0|
|Day's range||702.80 - 725.59|
|52-week range||702.80 - 1,003.50|
|Beta (3Y monthly)||0.75|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.12 (1.60%)|
|1y target est||974.81|
Indian federal police have opened an investigation into Rolls-Royce Holdings Plc , alleging the UK-based engine maker and its Indian arm improperly used a third-party to conduct business with three Indian state-owned companies. In a report published on Tuesday, India's Central Bureau of Investigation (CBI) also said officials from the Indian companies - Hindustan Aeronautics Limited (HAL), ONGC and GAIL - may have been involved in improper procurement from Rolls-Royce. Rolls-Royce provided engine spare parts to HAL for servicing gas turbines used by GAIL and ONGC, both of which are involved in the oil and gas sector, the report said.
European stock markets closed marginally lower on Monday with a profit warning from Germany's Lufthansa hitting airline stocks, while markets globally awaited clues from the U.S. Federal Reserve on its policy direction. The pan-European STOXX 600 index finished 0.1% lower.
Turkish aerospace manufacturer Kale Group said on Monday if disagreements between Ankara and Washington curb parts orders and exclude it from an F-35 project, then any lost sales would be offset by turning to civil aviation. Turkish President Tayyip Erdogan has not backed down from the planned purchase of a Russian S-400 missile defense system that the United States has said would compromise the security of stealth F-35 fighter jets, which Turkey also plans to buy. NATO ally Turkey has said it will take delivery of the S-400s in July, even while sources told Reuters earlier this month that Washington had halted delivery of F-35-related equipment to the country, marking the first concrete U.S. step to block its delivery.
A shipyard in Barrow-in-Furness, northwest England, that builds Britain's new generation of nuclear submarines reopened on Wednesday after being briefly evacuated due to an incident, defense company BAE Systems said. "Following an extensive sweep of the Devonshire Dock Complex (DDC), including the four Astute class submarines in build, nothing suspicious was found," the company said in a statement. It did not specify the nature of the incident but an unidentified source told The Mail, a publication based in Barrow-in-Furness, that the evacuation followed a warning about a bomb on one of the Astute-class submarines.
Dunelm Group Plc rose more than 3 percent as the homewares retailer said it expected to top analysts forecasts for full-year profit after surging online demand helped it ride out a tough British retail environment in the latest quarterly report. Shares of ASOS climbed after the British online fashion retailer stuck to its full year guidance for sales, profit margins and capital expenditure despite a plunge in first-half pretax profit.
Rolls-Royce has agreed to an early inspection of some Trent 1000 TEN engines by regulatory authorities, a week after Singapore Airlines Ltd grounded two Boeing Co 787-10 jets fitted with the units. According to Rolls-Royce, by late February 35 787s had been grounded globally due to engine blades corroding or cracking prematurely. "This blade deterioration is a known issue but it is occurring faster than we expected on some engines," Chris Cholerton, Rolls-Royce President for Civil Aerospace, said on Wednesday.
Bank stocks helped European shares shrug off early weakness on Tuesday, but gains were kept in check by a drop in shares of Airbus and its suppliers after the United States ratcheted up a trade dispute with the European Union over aircraft subsidies. A rise in bank shares following two days of losses helped the pan-region STOXX 600 index up 0.4 percent in thin trade. Investors are keeping a close eye on a trade summit between the European Union and China on Tuesday in which the bloc will try to coax Beijing to open up its markets.
BRUSSELS/PARIS, April 9 (Reuters) - The European Union has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday, a day after Washington listed EU products it plans to hit with tariffs in their aircraft dispute. The U.S. Trade Representative https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/april/ustr-proposes-products-tariff on Monday proposed a range of EU products ranging from large commercial aircraft and parts to dairy products and wine to target as retaliation for subsidies given to Airbus. A European Commission source said on Tuesday the level of proposed U.S. countermeasures was "greatly exaggerated," adding the amount of retaliation could only be determined by a World Trade Organization arbitrator.
Britain's FTSE 100 lost ground as the U.S. and European Union exchanged tariff threats, the IMF cut global growth forecasts and oil majors slipped after Russia signaled an output boost, while investors awaited fresh Brexit updates. The FTSE 250 slid by the same amount.
London's main share index lost ground on Tuesday as Rolls Royce weakened after the U.S. proposed a list of EU goods for retaliatory tariffs, while investors awaited updates on a postponement of Britain's exit from the EU. The FTSE 100 was down 0.2 percent with losses across the board and the FTSE 250 was down 0.1 percent at 0725 GMT. Rolls Royce gave up 1.1 percent after the U.S. Trade Representative Robert Lighthizer announced a proposal to impose tariffs on a list of European Union products as retaliation for EU aircraft building subsidies.
Shares of UK-listed exporters rose on Tuesday, lifting the FTSE index, as sterling weakened after parliament failed to find majority support for an alternative path to Theresa May's Brexit withdrawal deal. The more domestically focussed FTSE 250 gave up gains and was virtually flat as weakness in the local currency weighed. The FTSE 250 had opened higher, in a rare break from moving in tandem with sterling and another sign that Brexit uncertainty is upending conventional trading strategies.
European shares hit their highest in half a year on Tuesday, buoyed by autos and insurance stocks and gains among export-heavy London stocks as Brexit uncertainty weakened the pound. "The FTSE has been the big outperformer today, as fears over a no-deal Brexit drag the pound lower," Joshua Mahony, Senior Market Analyst at IG, wrote in a note.
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacement, the airline said in a statement.
Singapore Airlines Ltd said on Tuesday it had grounded two Boeing Co 787-10 jets fitted with Rolls-Royce Holdings PLC Trent 1000 TEN engines after checks of its fleet found premature blade deterioration. The jets have been removed from service pending engine replacements, the airline said in a statement. The Trent 1000 TEN is the latest version of an engine that has had a problematic entry into service.
The pinnacle of high society is the Rolls-Royce. Only the richest TV and movie characters roll up in a Rolls. When they hop out of the back, you know that they're the heirs to a diamond mine or a diabolical supervillain with a huge bank account. So it's not surprising that the back of the first SUV from the automaker exudes an aura of exclusivity that transcends automobile segments. But they let me drive it all the same.