Tag: $Rolls-Royce

Rolls-Royce has raised its profit targets and laid out plans for a share buyback of up to £9bn over the next three years, as the FTSE 100 group continues to benefit from soaring demand for its engines and a sweeping restructuring.

 Swedish state utility Vattenfall said on Thursday it has selected Britain’s Rolls-Royce SMR (RR.L), and U.S. group GE Vernova (GEV.N), as candidates for the planned construction of a series of small modular reactors (SMR).

British aerospace group Rolls-Royce on Tuesday received backing from the U.K. government to build the country’s first small modular nuclear reactors.

Rolls-Royce shares surged to an all-time high on Thursday after the company resumed shareholder payouts, raised midterm guidance and launched a 1 billion-pound ($1.27 billion) buyback.

Rolls-Royce shares were higher Tuesday, making up some of the previous session’s losses after Cathay Pacific
cancelled several flights upon discovering technical issues in aircraft utilizing the British manufacturer’s Trent XWB-97 engines.

Shares of Rolls-Royce jumped more than 11% to hit an all-time high on Thursday after the company reinstated its dividend and raised its profit forecast on the back of strong first-half results.

Rolls-Royce said it would quadruple its profits in the next four years and sell its electric aircraft division as chief executive Tufan Erginbilgic tries to make good on his promise to turn around the UK aerospace company.

LONDON, Oct 17 (Reuters) – Rolls-Royce said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to revamp one of Britain’s most prestigious engineering companies.

Aero-engineer Rolls-Royce on Thursday reported a strong recovery in profit as its new CEO’s turnaround plan gathers pace.

LONDON, July 26 (Reuters) – Aero-engineer Rolls-Royce (RR.L) hiked its full-year operating profit forecast by around 45% on Wednesday after operational improvements, increased military spending and a recovery in long-haul flying delivered a stronger-than-expected first half.

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British engine maker Rolls-Royce said the new CEO’s plan to boost the company’s profitability was moving “at pace”, and it was on track to meet 2023 forecasts, buoyed by cost savings and the ongoing travel recovery.