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Rolls-Royce Holdings PLC (RR.L)

RR.L on London Stock Exchange

760.53GBp
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Rolls-Royce signs deal with Stena Line for intelligent awareness system
Monday, 20 Mar 2017 09:00am EDT 

Rolls-royce Holdings Plc - : Has signed a deal with Swedish ferry company Stena Line AB, to collaborate in the development of its first intelligent awareness system .Expects to be able to undertake an approval of concept and have its intelligent awareness product commercially available later in 2017.  Full Article

Rolls-Royce wins service contract for MTU engines at Zambia mine
Thursday, 16 Mar 2017 07:07am EDT 

Rolls-Royce Holdings Plc :Rolls-Royce wins long-term service contract for MTU engines at Lumwana mine in Zambia.  Full Article

Rolls-Royce wins Trent 700 engines order from Hawaiian Airlines
Tuesday, 21 Feb 2017 08:42am EST 

Rolls-Royce Holdings Plc :Rolls-Royce wins Trent 700 order from Hawaiian Airlines.  Full Article

Rolls-Royce says John McAdam to remain non-executive director until May 4
Monday, 20 Feb 2017 01:28pm EST 

Rolls-royce Holdings Plc : Board and John McAdam have agreed to extend John's appointment as a non-executive director until our AGM on 4 May .Will not stand for re-election at our annual general meeting.  Full Article

Fitch downgrades Rolls-Royce to 'A-'; outlook stable
Friday, 17 Feb 2017 06:04am EST 

: Fitch downgrades Rolls-Royce to 'A-'; outlook stable . Fitch on Rolls-Royce Holdings- downgrade reflects view that Rolls-Royce will achieve a weaker than expected recovery in its key credit metrics .Fitch on Rolls-Royce Holdings- fines agreed between Rolls-Royce and regulatory bodies in Jan 2017, will not have material impact on company's key credit metrics.  Full Article

Ptt Exploration And Production says has set up committee to investigate allegation connected to Rolls-Royce
Friday, 20 Jan 2017 05:58am EST 

Ptt Exploration And Production Pcl : Refers to media reports on Rolls-Royce's bribery charges, allegedly involved officials at state-owned oil & gas co's during 2000-2013 . Has set up fact-finding committee to investigate procurement of procurement and services with Rolls-Royce during mentioned period .Result of the investigation will be reported to the board of directors within 30 days.  Full Article

Rolls-Royce to cut 800 jobs amid weak maritime market
Thursday, 1 Dec 2016 05:00am EST 

Rolls-Royce Holdings Plc : Rolls-Royce continues marine transformation . Today announced plans to accelerate transformation of its marine business as a result of continuing weakness in maritime market . Measures include a further simplification of structure of business, with a streamlining of senior management team, and a series of cost reduction initiatives . Planned measures include a further simplification of structure of business, with a streamlining of senior management team . Costs of this restructuring are expected to be around 20 mln stg, split between 2016 and 2017 . Cost reduction initiatives which will result in loss of around 800 roles worldwide and an estimated 45-50 mln stg of annualised savings from mid- 2017 .Proposed job reductions are in addition to reduction of 1,000 employees announced in may and October last year.  Full Article

Daily Mail says CFO Stephen Daintith resigned
Thursday, 22 Sep 2016 01:19am EDT 

Daily Mail And General Trust Plc : Directorate change cfo resignation . Stephen Daintith, CFO of company, has resigned to take up role of CFO at Rolls-Royce Holdings Plc . Stephen will continue to provide support to DMGT as cfo pending appointment of his replacement . Board has commenced process to identify appropriate candidates. .Date of his departure from company will be subject of a separate announcement.  Full Article

Rolls-Royce Holdings PLC to cut more senior management positions - Reuters News
Thursday, 10 Mar 2016 07:44am EST 

Rolls-Royce Holdings PLC:Rolls-Royce, the British engineering company under pressure after consecutive profit warnings, said on Thursday it would shed more senior managers as part of its turnaround plan.The company, which makes engines used to power aeroplanes and ships, is reducing its senior manager count by 150 under plans revealed to staff on Thursday, on top of the 50 positions it has said it would cut in the last four months.Warren East, brought in as chief executive in July to help revive the company, announced a restructuring programme last November with the aim of saving between 150 million pounds and 200 million pounds a year, streamlining senior management and improving decision making.Before the restructuring started, Rolls-Royce had about 2,000 senior managers, and the review of that group is still ongoing."Our ongoing transformation programme is designed to remove complexity and reduce cost by simplifying our processes as well as our structure," a spokeswoman for the company said.  Full Article

Rolls-Royce Holdings PLC CEO to announce culling of senior managers -FT - Reuters
Thursday, 28 Jan 2016 11:02am EST 

Rolls-Royce Holdings PLC:Rolls-Royce Holdings PLC's RR.L Chief Executive will on Friday announce job cuts from his 2,000 strong senior manager team, the Financial Times reported - RTRS.Most of the "few dozen" job cuts will affect those who report directly to CEO Warren East or his main executive team, the FT reported - RTRS.Warren East faces intense pressure to reverse the fortunes of the British jet-engine maker, not only because of 4 profit warnings - RTRS.but also because U.S. activist investor ValueAct, which has amassed a 10% stake in the company, is pressing for a board seat and divestment of the company's marine engine business - RTRS.Some of Rolls-Royce's biggest investors have indicated that they would welcome ValueAct as a board member, although others remain opposed, the FT said. - RTRS.In November last year, East said it was a matter for the board to decide whether the hedge fund would be given a seat. - RTRS.San Francisco based ValueAct has been pushing the company to focus on its main aero-engine business, which contributes about half the firm's profits - RTRS.  Full Article

More From Around the Web

Rolls-Royce cancels bonuses for employees forced out after scandal

LONDON, March 9 Rolls-Royce said it has cancelled the bonus payments of employees who were forced to leave the aero-engine maker during an internal investigation into its bribery scandal.