Rolls-Royce Holdings (RR.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

395.50p
   
  • Change Today:
    -7.00p
  • 52 Week High: 429.10
  • 52 Week Low: 143.30
  • Currency: UK Pounds
  • Shares Issued: 8,417m
  • Volume: 36,550,337
  • Market Cap: £33,288m
  • RiskGrade: 377

Rolls-Royce agrees to EU inspections of Trent TEN engines

By Frank Prenesti

Date: Wednesday 10 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Aircraft engine maker Rolls-Royce on Wednesday said on Wednesday it had agreed with EU authorities to inspect some of its Trent 1000 TEN engines earlier due to blade deterioration issues.
Rolls-Royce said customers would be formally informed of the accelerated inspection regime on Wednesday, adding that guidance for in-service cash costs on the engine in 2019 and 2020 remained unchanged.

A small number of the engines needed to have their high-pressure-turbine blades replaced earlier than scheduled, Rolls-Royce said in a statement.

The company has agreed with the European Union Aviation Safety Agency a plan for inspecting the remaining fleet.

Rolls-Royce civil aerospace president Chris Cholerton said the company regretted the disruption the accelerated inspection regime would cause.

"These inspections will allow us to confirm the health of the Trent 1000 TEN fleet and to improve our understanding of the High Pressure Turbine blade deterioration that we have seen in a small number of engines.

"This blade deterioration is a known issue but it is occurring faster than we expected on some engines. We started development of an enhanced blade last year, which we are now testing. We expect to start incorporating enhanced blades into the Trent 1000 TEN fleet in early 2020."

Rolls-Royce's Trent 1000 TEN engines have been in service since November 2017 and there are currently more than 180 in service, the company said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rolls Royce Market Data

Currency UK Pounds
Share Price 395.50p
Change Today -7.00p
% Change -1.74 %
52 Week High 429.10
52 Week Low 143.30
Volume 36,550,337
Shares Issued 8,417m
Market Cap £33,288m
RiskGrade 377

Rolls Royce Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.9% below the market average95.9% below the market average95.9% below the market average95.9% below the market average95.9% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
99.20% above the market average99.20% above the market average99.20% above the market average99.20% above the market average99.20% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
93.22% below the market average93.22% below the market average93.22% below the market average93.22% below the market average93.22% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
73.05% above the market average73.05% above the market average73.05% above the market average73.05% above the market average73.05% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 0
Strong Sell 1
Total 17
buy
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Rolls Royce Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Oct-19 25-Apr-19
Paid 03-Jan-20 01-Jul-19
Amount 4.60p 7.10p

Trades for 19-Apr-2024

Time Volume / Share Price
14:51 10,000,000 @ 398.40p
14:51 10,000,000 @ 398.40p
16:35 6,688,831 @ 395.50p
16:35 1,133 @ 395.50p
16:35 1 @ 395.50p

Rolls Royce Key Personnel

Chair Anita Frew
CEO Tufan Erginbilgic

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