Rolls-Royce Holdings

Ticker RR.

Today's data summary

Market closed
% change
+0.09%
Price Pence
907.80
Change
+0.80
As of 12:32 19 Apr 2019
Market cap. Pound sterling
17,289.14 million
As of 12:32 19 Apr 2019

Latest updates

Singapore planes grounded through engine troubles

Singapore Airlines plane
AFP
Not one of the grounded Singapore Airlines planes

Singapore Airlines has grounded two Boeing Co 787-10 jets after experiencing problems with Rolls-Royce engines after checks found premature blade deterioration.

The jets have been removed from service pending engine replacement, the airline said in a statement, but added: "As a result, some flights to destinations served by the 787-10 fleet have been affected".

The Trent 1000 TEN is the latest version of an engine that has had problems.

Rolls-Royce said it told "operators that the high-pressure turbine blades in these engines would have a limited life cycle" but that tests showed "a small number of these engines need to have their blades replaced earlier than scheduled".

By the end of last month 35 787s had been grounded globally due to engine blades corroding or cracking prematurely.

The manufacturer said it was aiming to reduce the number to 10 by the end of the year.

More from the SFO

The SFO has announced it is closing investigations into Rolls-Royce and GlaxosmithKline.

Lisa Osofsky, director of the Serious Fraud Office said: “After an extensive and careful examination I have concluded that there is either insufficient evidence to provide a realistic prospect of conviction or it is not in the public interest to bring a prosecution in these cases.

“In the Rolls-Royce case, the SFO investigation led to the company taking responsibility for corrupt conduct spanning three decades, seven jurisdictions and three businesses, for which it paid a fine of £497.25m."

BreakingSFO announces cases closing

The director of the Serious Fraud Office has announced the closure of the Rolls-Royce and GlaxoSmithKline cases.

Rolls-Royce 'in talks to supply nuclear plant'

Rolls-Royce is reportedly in talks to supply a Chinese nuclear plant in Essex.

The Financial Times reports CGN is in discussion with the British group about installing control systems for the reactors.

The move comes amid growing uncertainty over Britain's nuclear future, following the decision by Japan's Hitachi to suspend work on a multi-billion-pound facility in Anglesey.

Rolls-Royce rallies

Rolls Royce worker
Getty Images

Shares in Rolls-Royce are up nearly 5% after it said its annual profits would be in the "upper half" of its guidance.

There was a Brexit update too. The Derby-based company said it was talking to the European Safety Aviation Agency over shifting design approval for large engines to Germany.

This was a "precautionary and reversible technical action".

The ferry using Rolls-Royce technology that sails itself
Sensors and cameras help this ferry in Finland navigate independently and it can even dock itself.