Rolls Royce Holdings plc ADR (RYCEY) - OTCPK - Current
  • 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. 4, 2014, 10:21 AM
    • After issuing a major profit warning nearly three weeks ago, Rolls-Royce (OTCPK:RYCEY +1.7%) now says it will cut 2,600 jobs over the next 18 months in a battle to reduce costs.
    • The layoffs will mainly come from the company's aerospace division, costing £120M pounds ($192M) over the next two years, before reducing spend by around £80M once the changes have been fully implemented.
    • Rolls-Royce has also promoted David Smith from aerospace finance director to become the group's CFO, replacing Mark Morris who leaves after 27 years.
    | Nov. 4, 2014, 10:21 AM
  • Oct. 17, 2014, 7:50 AM
    • Shares of Rolls-Royce (OTCPK:RYCEY, OTC:RRCEF) are in a deep dive in London trading after the company issued a profit warning.
    • A revenue decline of 3.5% to 4.0% is now forecast for the year compared to the flat growth guidance issued by Rolls-Royce just a few months ago.
    • Trade sanctions made against Russia have been a factor this year.
    | Oct. 17, 2014, 7:50 AM
  • Jun. 19, 2013, 3:33 PM
    Paris Air Show: Rolls-Royce (RYCEY.PK -1.4%) says it wants to cut costs right across its aero-engine business to match the productivity of its major competitors, even as the U.K. engineering company ramps up production to meet booming demand for more fuel-efficient passenger jets. The company says it plans to slim down its portfolio, targeting increased sales of a narrower range of products.
    | Jun. 19, 2013, 3:33 PM
  • Dec. 6, 2012, 4:00 AM

    Rolls-Royce (RRCEF.PK) -3.2% in London after saying a company review has "identified matters of concern" in its business dealings in China, Indonesia and other markets. Rolls has passed its findings to the U.K.'s Serious Fraud Office, which had made a request for information about allegations of malpractice in Indonesia and China. The company will now appoint an independent auditor to look at its anti-corruption procedures. (PR)

    | Dec. 6, 2012, 4:00 AM
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