Rolls Royce Holdings plc ADR (RYCEY) - OTCPK - Current
  • Tue, Jul. 12, 10:40 AM
    • Cost savings of up to £1B are possible but there is no target set yet, Rolls-Royce (OTCPK:RYCEY +0.9%) CEO Warren East told reporters at the Farnborough Airshow.
    • The company is also ready to provide Boeing with an engine should it design a new plane, as a turnaround plan at the British firm gains traction.
    | Tue, Jul. 12, 10:40 AM
  • Mon, Jul. 11, 9:01 AM
    • Rolls-Royce (OTCPK:RYCEY) is buying the outstanding 53.1% shareholding in Industria de Turbo Propulsores, owned by SENER Grupo de Ingenieria, for €720M.
    • The company said the agreement allowed it the flexibility to settle up to 50% of the purchase price in shares.
    | Mon, Jul. 11, 9:01 AM
  • Wed, Jun. 15, 8:11 AM
    • Rolls-Royce (OTCPK:RYCEY) CEO Warren East has told his staff that staying in EU would be best for the company.
    • He also warned that a Brexit could result in some decisions being put on hold - like whether to invest in a new aero-engine testing facility at its Derby plant.
    • The engine maker employs roughly 14K people in continental Europe.
    | Wed, Jun. 15, 8:11 AM
  • Thu, May 19, 7:51 AM
    • Britain's Serious Fraud Office has widened its investigation into Rolls-Royce (OTCPK:RYCEY) to examine allegations of suspected bribery in Nigeria, FT reports.
    • "We are co-operating with the authorities," a company spokesman said. "We have made it clear that Rolls-Royce will not tolerate business misconduct of any kind."
    | Thu, May 19, 7:51 AM
  • Wed, Mar. 2, 5:02 AM
    • Following a series of profit warnings and its first dividend cut in 24 years, Rolls-Royce (OTCPK:RYCEY) has given a board seat to U.S. activist investor ValueAct, which holds a 10.8% stake in the company.
    • The British engine-maker has been suffering from high manufacturing costs that have dragged its margins well below those of rivals, while its aerospace division is struggling with the transition to a new generation of less profitable engines.
    | Wed, Mar. 2, 5:02 AM | 1 Comment
  • Fri, Feb. 12, 4:05 AM
    • Commerzbank (OTCPK:CRZBY) returned to profit in Q4 and announced its first dividend since 2007 after revealing lower bad loan provisions.
    • A raft of new model sales offset a Russia write-down for Renault (OTCPK:RNLSY) as the French carmaker logged a 50% jump in full year profits.
    • Rolls-Royce (OTCPK:RYCEY) slashed its final dividend for 2015, but continued its restructuring efforts with a 20% cut to the top two layers of senior management.
    | Fri, Feb. 12, 4:05 AM
  • Fri, Jan. 29, 7:47 AM
    • Rolls-Royce (OTCPK:RYCEY) is cutting a few dozen senior management jobs, the latest move by its chief executive to revive a company reeling from low oil prices and a slowdown in aero-engine servicing.
    • The layoffs follow the first stage of the company's management shake-up in mid-December, when CEO Warren East East scrapped a two-divisional structure in favor of five business unit heads reporting directly to him.
    • Rolls-Royce's stock has plunged almost 40% over the last twelve months and is down 6% YTD
    | Fri, Jan. 29, 7:47 AM
  • Dec. 21, 2015, 10:30 AM
    • Rolls-Royce's (OTCPK:RYCEY +0.2%) chief executive Warren East has flagged new risks to the performance of the aerospace group’s diesel engine business - the only division to have so far escaped a downgrade in the past five profit warnings.
    • "If you look at our competitors in our reciprocating engines part of the business, there have been some fairly serious downgrades on next year," he said. "When I look at that, I do have a feeling of a little bit of disquiet...I've got to say, that’s a risk area."
    • East told investors last month that he would not rule out a new profit warning after five since February 2014.
    | Dec. 21, 2015, 10:30 AM
  • Dec. 16, 2015, 3:54 AM
    • Engine maker Rolls-Royce (OTCPK:RYCEY) has announced an overhaul of its senior management to revive its fortunes and growth following five profit warnings.
    • As of January 1, the company will operate as five market facing businesses, with the presidents of Civil Aerospace, Defense Aerospace, Marine, Nuclear and Power Systems reporting directly to CEO Warren East.
    • The decision will bring an end to the current divisional structure of Aerospace and Land & Sea, removing a layer of senior management.
    | Dec. 16, 2015, 3:54 AM
  • Dec. 14, 2015, 7:36 AM
    • The U.K. is considering nationalizing the nuclear submarine business of Rolls-Royce (OTCPK:RYCEY) - which powers its Trident missile deterrent - should the crisis at the engineering group deepen, FT reports.
    • The government may also decide to merge some or all parts of Rolls Royce's businesses with BAE Systems (OTCPK:BAESY).
    | Dec. 14, 2015, 7:36 AM
  • Dec. 4, 2015, 8:16 AM
    • ValueAct raised its stake in Rolls-Royce (OTCPK:RYCEY) yesterday to more than 10%, making the fund the firm's largest shareholder.
    • The activist investor has been pushing for a seat on Rolls-Royce's board and has been ramping up pressure for the company to sell its marine engine unit.
    | Dec. 4, 2015, 8:16 AM | 1 Comment
  • Nov. 24, 2015, 6:15 AM
    • Rolls-Royce (OTCPK:RYCEY) is planning a "major restructuring" as the embattled aircraft-engine manufacturer's new chief executive officer moves to streamline senior management and lower fixed costs.
    • "We are undergoing an unprecedented period of change," CEO Warren East said. "These changes, while more painful than we expected in the near-term, are vital to our long-term success."
    • The company is expected to outline a plan to save £150M-£200M a year from 2017 in a presentation today.
    | Nov. 24, 2015, 6:15 AM
  • Nov. 23, 2015, 7:26 AM
    • Rolls-Royce (OTCPK:RYCEY) CEO Warren East is expected to spurn investor demands for a demerger of the company's aero-engine business, The Times reports.
    • The company, which has offered investors a hint to the sale of non-core assets, has issued five profit warning in the past 20 months, prompting a £12B crash in the value of the company.
    | Nov. 23, 2015, 7:26 AM
  • Nov. 16, 2015, 10:33 AM
    | Nov. 16, 2015, 10:33 AM | 3 Comments
  • Nov. 12, 2015, 2:26 PM
    • Boeing (BA -1.5%) and Airbus (OTCPK:EADSY -3.3%) are sharply lower following engine supplier Rolls-Royce's (OTCPK:RYCEY -19.8%) warning of a weaker than expected 2015 earnings outlook and sharply weaker demand in 2016.
    • Rolls-Royce, which makes engines for Boeing’s 787 Dreamliners and Airbus A380 superjumbos, says it expects sharply lower volumes of corporate jets powered by its engines next year, and that its aftermarket service segment had begun to suffer as customers use older, wide-body engines less and shift to more fuel-efficient planes.
    • Rolls-Royce's gloomier outlook also comes as engines made by GE (GE -1.4%) and Pratt & Whitney (UTX +1.1%) for the Airbus A330 reportedly have driven down prices for its Trent 700 engines.
    | Nov. 12, 2015, 2:26 PM | 18 Comments
  • Nov. 12, 2015, 3:43 AM
    • Rolls-Royce (OTCPK:RYCEY) shares are deep in the red after the company announced a weaker earnings outlook for this year and next and warned that it may cut its dividend.
    • Pretax income for 2015 is now expected to be at the low end of its £1.33B-£1.48B range and earnings are expected to suffer a £650M ($990M) hit in 2016 due to declining demand for business-jet engines and maintenance services.
    • It's the second profit warning for CEO Warren East, who issued his first only two days into taking the top job in July.
    • Rolls-Royce shares -18.3% in London.
    | Nov. 12, 2015, 3:43 AM | 8 Comments
Company Description
Rolls Royce Group is a provider of power for use on land, at sea and in the air. Co. operates through its offices, service centers or manufacturing facilities in 50 countries. Through its subsidiaries and joint ventures, Co. operates in the following business segments: Civil Aerospace, Defense,... More
Industry: Aerospace/Defense Products & Services
Country: United Kingdom