Streetbeat News

RYCEY

Rolls-Royce Holdings Plc

CEO

D. Warren East

Industry

Small Arms Ammunition Manufacturing

Open

6.90

Mkt cap

59B

Volume

313K

High

6.94

P/E Ratio

19.77

52-wk high

7.62

Low

6.86

Div yield

N/A

52-wk low

2.98

Airbus SE (OTC:EADSF) secured an order for 15 additional A350-900s from Emirates Airlines, bringing the total order to 65 aircraft. This follows a public dispute at the Dubai Airshow where Emirates criticized Rolls-Royce Holdings PLC (OTC:RYCEY)(OTC:RYCEF) over engine durability issues. The deal is seen as a compromise after the dispute. Airbus also made sales to Ethiopian Airlines and EGYPTAIR this month. Airbus shares (OTC:EADSY) closed down 1.14% at $35.43.

Portfolio Pulse from Lekha Gupta

November 16, 2023 | 12:34 pm

Emirates has deferred a deal to purchase Airbus A350-1000 jets, citing concerns over the durability of Rolls Royce engines. Emirates President Tim Clark stated the engines' maintenance interval does not meet their operational standards. Despite this, Emirates is open to ordering 35-50 jets if Rolls-Royce addresses these issues. Meanwhile, Airbus secured an order for ten A350-900 aircraft from EGYPTAIR at the Dubai Airshow. Airbus and Rolls-Royce expressed confidence in the engine's performance. Airbus (EADSY) shares closed up by 0.85%, while Boeing (BA) shares traded higher by 0.49% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 1:14 pm

BMW, along with its subsidiaries Mini and Rolls-Royce, plans to incorporate Tesla's electric vehicle charging standard in its future EVs. Owners of electric vehicles equipped with the Combined Charging System (CCS) outlet will gain access to Tesla’s Supercharger network in early 2025. BMW will also begin manufacturing EVs with Tesla’s charging standard integrated into the vehicle that same year.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 3:56 am

Rolls-Royce Holdings PLC plans to cut 2000-2500 jobs globally as part of its multi-year transformation to become a simpler, more streamlined organization. The company aims to enhance capabilities in procurement and supply chain management, remove duplication, and deliver cost efficiencies. Chief Technology Officer Grazia Vittadini will leave the company in April 2024. RYCEY shares closed higher by 1.95% at $2.61 on Monday.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 10:18 am

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