Rolls-Royce Holdings (RR.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

426.70p
   
  • Change Today:
      4.70p
  • 52 Week High: 430.50
  • 52 Week Low: 143.30
  • Currency: UK Pounds
  • Shares Issued: 8,417m
  • Volume: 15,747,105
  • Market Cap: £35,914m
  • RiskGrade: 377

Rolls-Royce transfers ?4.6bn of UK pension scheme to L&G

By Michele Maatouk

Date: Thursday 06 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Rolls-Royce said on Thursday that its pension scheme has agreed to transfer £4.6bn of assets to Legal & General in what is the UK's largest ever bulk annuity.
The deal covers the transfer of assets and liabilities relating to about 33,000 pensioners who are members of the Rolls-Royce UK Pension Fund out of a total of 76,000, and the aerospace and defence company said it will reduce its post-retirement obligations by around £4.1bn.

It said the residual obligations, "which remain well funded", will be smaller with less risk for the Trustee and Rolls-Royce to manage in the future.

Joel Griffin, head of global pensions & benefits at Rolls-Royce, said: "This agreement will result in increased security for Rolls-Royce pensioners and reduced risk for our business. Legal & General is one of the world's leading insurance companies and as a result of this deal the provision of benefits will be governed by stringent funding requirements, resulting in a secure pension environment for our pensioners."

The deal will see Rolls-Royce make an exceptional cash contribution of around £30m.

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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 426.70p
Change Today 4.70p
% Change 1.11 %
52 Week High 430.50
52 Week Low 143.30
Volume 15,747,105
Shares Issued 8,417m
Market Cap £35,914m
RiskGrade 377

Rolls Royce Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.43% below the market average96.43% below the market average96.43% below the market average96.43% below the market average96.43% 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
99.54% above the market average99.54% above the market average99.54% above the market average99.54% above the market average99.54% 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
93.69% below the market average93.69% below the market average93.69% below the market average93.69% below the market average93.69% 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
73.07% above the market average73.07% above the market average73.07% above the market average73.07% above the market average73.07% 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
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 28-Mar-2024

Time Volume / Share Price
17:41 7,503 @ 427.54p
17:25 482 @ 428.29p
17:19 3,586 @ 426.09p
16:39 23,558 @ 426.70p
16:39 17,695 @ 426.70p

Rolls Royce Key Personnel

Chair Anita Frew
CEO Tufan Erginbilgic

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