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Rolls Royce

Rolls-Royce to cut up to 2,500 roles in latest efficiency drive

LONDON: Rolls-Royce said on Tuesday it would cut up to 2,500 roles as its new chief executive seeks to build a more...

Published 17 Oct, 2023 12:09pm

Business & Finance

Rolls-Royce raises forecasts powered by civil, defence units

LONDON: British aero-engineer Rolls-Royce raised its full-year operating profit forecast to between 1.2 billion and...

Published 26 Jul, 2023 12:25pm

Business & Finance

Engine maker Rolls-Royce sinks into net loss

LONDON: British engine maker Rolls-Royce on Thursday logged a large 2022 loss on a huge accounting charge linked to...

Published 23 Feb, 2023 02:01pm

Business & Finance

Rolls-Royce rides ongoing luxury demand to sales record in 2022

LONDON: Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for...

Published 09 Jan, 2023 05:45pm

Markets

Rolls-Royce champions energy transition at Farnborough

LONDON: British aircraft engine maker Rolls-Royce is "championing" the energy transition and the decarbonisation of...

Published 20 Jul, 2022 05:32pm

Business & Finance

Rolls Royce offers cash to workers facing high cost of living

British aircraft engine maker Rolls-Royce Holdings said it was offering a cash lump sum of 2,000 pounds to about 70%...

Published 21 Jun, 2022 01:52pm

Markets

Rolls-Royce, defensives drag down UK’s blue-chip index

LONDON: The UK’s top share index closed down on Tuesday as bearish brokerage calls on companies like Rolls Royce...

Published 13 Apr, 2022 06:03am

Markets

Strong demand revs Rolls-Royce car sales to a record high in 2021

LONDON: Luxury carmaker Rolls-Royce, a unit of Germany's BMW, said on Monday its sales soared 49% to a record high ...

Published 10 Jan, 2022 06:32pm

Business & Finance

Rolls-Royce upbeat on cash outflow on market rebound, cost cuts

Rolls-Royce expects its free cash outflow in fiscal year 2021 to be better than the previous guidance of 2 billion...

Published 09 Dec, 2021 01:12pm

Rolls-Royce launches nuclear reactor business

LONDON: UK aircraft engine maker Rolls-Royce launched plans Tuesday to build small low-cost nuclear reactors, backed...

Published 10 Nov, 2021 03:36am

Business & Finance

Luxury carmaker Rolls-Royce to switch to all electric range by 2030

BERLIN: Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other...

Updated 29 Sep, 2021 05:43pm

Markets

Energy stocks, banks lift FTSE 100

LONDON: London's FTSE 100 ended higher on Monday, helped by gains in heavyweight energy and banking stocks, while...

Published 28 Sep, 2021 05:12am

Business & Finance

Rolls-Royce agrees sale of Spanish unit ITP for $2bn

The sale sent Rolls-Royce shares up 10% to 146 pence

Published 27 Sep, 2021 05:24pm

Business & Finance

Rolls-Royce chosen by US for new B-52 engines

LONDON: British engineering company Rolls-Royce said it had won a contest to provide engines for the United States...

Published 27 Sep, 2021 11:30am

World

Rolls Royce wins US Air Force contract worth up to $2.6bn

WASHINGTON: The US arm of Britain's Rolls Royce won a contract worth up to $2.6 billion Friday to supply engines ...

Published 26 Sep, 2021 03:23am

Business & Finance

Rolls-Royce, Babcock sell stakes in AirTanker defence business

LONDON: British engineering companies Rolls-Royce and Babcock International Group are to sell their minority stakes...

Published 14 Sep, 2021 03:55am

Business & Finance

Rolls-Royce plans to sell ITP Aero to Bain and Sener for $1.9bn: report

A price tag of 1.6 billion euros would beat the 1.5 billion at which reports have valued ITP, a turbine blade-make

Updated 04 Aug, 2021 08:05pm

Business & Finance

Rolls-Royce agrees sale of Norway's Bergen for $131mn

After that attempt failed, Bergen will now only return 110 million euros to Rolls

Published 04 Aug, 2021 12:57pm

Business & Finance

Rolls-Royce partners with Shell in sustainable aviation fuel push

The pair signed a memorandum of understanding (MoU) on Wednesday which Rolls-Royce said would help with plans to certify 100% SAF for use in planes.

Updated 30 Jun, 2021 07:47pm

World

Rolls-Royce drives up car luxury with ‘Boat Tail’

CHICHESTER: Rolls-Royce Motor Cars, which along with the wider luxury goods sector is recovering strongly from...

Published 31 May, 2021 03:12am

Business & Finance

World’s rich floor it in post-pandemic luxury car rush

PARIS: The global rebound from the coronavirus pandemic is revving luxury carmakers’ sales to never-before-seen...

Published 31 May, 2021 03:12am

1bn euros seized as Italy hits at ‘PetrolMafias’

ROME: Dozens of people were arrested Thursday, including a Rolls Royce-riding oil heiress, as Italian police...

Updated 09 Apr, 2021 09:25am

Business & Finance

Airbus and Dassault agree joint FCAS fighter proposal

The agreement, first reported by La Tribune, paves the way for political talks to resume among the project's three government backers, France, Germany and Spain, a source close to the matter told Reuters.
"The governments have received an offer from the companies to build the demonstrator for a new combat plane in the framework of FCAS," the French armed forces ministry said, adding that negotiations were continuing on the overall project.

Published 02 Apr, 2021 08:15pm

World

Norway vetoes sale of Rolls-Royce unit to Russian group

OSLO: Norway said Tuesday it would block Rolls-Royce’s sale of a Norwegian engine maker to Russia over concerns...

Updated 24 Mar, 2021 10:12am

Business & Finance

BMW expects at least half of sales to be electric cars by 2030

Sees big rise in 2021 profit from pandemic-hit 2020.
Sees EBIT margin of 6-8% in 2021 vs 2.7% in 2020.
Shares jump as much as 4.9% to 2-1/2 year high.

Published 17 Mar, 2021 06:17pm

Business & Finance

BMW sees significant profit growth in 2021

BMW, which also owns the MINI and Rolls-Royce brands, said it expects the automotive segment.

Published 17 Mar, 2021 01:00pm

Business & Finance

BMW profits slump

FRANKFURT AM MAIN: German luxury carmaker BMW reported Thursday

Published 15 Mar, 2021 05:22am

Business & Finance

Rolls shores up position on Airbus A350, delaying GE showdown

Rolls already had a formal exclusive agreement to provide Trent XWB-family engines on the larger A350-1000 wide-body jet, and held what industry sources have described as "de facto" exclusivity on the stronger-selling A350-900 until 2025.
The decision effectively postpones any re-engining of the A350 to next decade while giving Rolls more clarity as it tackles the costly UltraFan development, industry sources said.

Published 11 Mar, 2021 09:26pm

Business & Finance

Rolls-Royce losses double as virus hits aviation sector

The loss after tax, equivalent to $4.4 billion or 3.7 billion euros, compared with a loss of £1.3 billion in 2019.

Published 11 Mar, 2021 05:14pm

Business & Finance

Rolls-Royce plunges to worse than expected $5.6bn loss

That improvement depends on airlines flying 55% of 2019 levels during 2021. Rolls-Royce said its assumption is for travel to gradually improve this year, accelerating in the second-half as vaccine programmes progress.

Published 11 Mar, 2021 12:36pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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