Rolls-Royce to invest £300m in Goodwood as buyers go bespoke January 8, 2025 Luxury car maker Rolls-Royce has announced a £300 million boost for its Goodwood headquarters. The investment represents the largest injection of capital since the West Sussex factory opened in 2003. Originally home to 300 staff, the Goodwood facility started out by building one car per day. Now more than 2,500 people work at the ‘Home [...]
Rolls-Royce shares worth 820p says City broker January 7, 2025 Despite the strong performance of Rolls-Royce’s stock price over the last two years, a City broker is expecting the aerospace company to keep leading the FTSE 100 in share price growth. In a note published today by Panmure Liberum, analyst Nick Cunningham argued that Rolls-Royce’s shares could still increase by more than 40 per cent [...]
Rolls-Royce shares slip following broker downgrade January 6, 2025 Rolls-Royce shares dipped more than three per cent in early deals this morning after analysts at investment bank Citi downgraded the stock. The analysts downgraded the FTSE 100 giant from a ‘Buy’ to a ‘Neutral’ rating while increasing the price target from 555p to 641p. Despite the stock currently sitting at 576p, the analysts said [...]
How FTSE 100 giant Rolls-Royce became a ‘true phoenix from the ashes story’ after shares success December 17, 2024 If awards were being handed out for the best performer in the FTSE 100 this year, Rolls-Royce would surely be taking home all the top prizes after cementing its position as the index’s darling. The Derby-headquartered giant started 2024 with a share price of 298p which has since ballooned to a high of 594p, catapulting [...]
Rolls-Royce chair and Octopus founder named among industrial strategy panel December 17, 2024 Octopus founder Greg Jackson, Rolls-Royce chair Dame Anita Frew and former Tory business secretary Greg Clark are among the heavyweight names appointed to a new Industrial Strategy Advisory Council, launched by the government on Tuesday to help stimulate growth. The panel, which also includes private sector top dogs like Prudential chair Baroness Shriti Vadera and [...]
I drove a Rolls-Royce Spectre through a super storm December 9, 2024 It’s chucking it down in the airport pick-up zone, the soundtrack a cacophony of announcements, slamming doors, rat-a-tatting wheelie-suitcases, flapping umbrellas and the dull drone of aircraft taking off and landing. The waiting Rolls-Royce’s door closes behind me, and, cosseted inside a shell of black and Tango-orange, things are dramatically different. Rolls-Royce enjoyed record sales [...]
Rolls-Royce Cullinan Black Badge review: Embrace the darkness December 2, 2024 Carbon fibre? In a Cullinan? More often seen in supercars, this lightweight, man-made material looks slightly incongruous inside a 2.7-tonne SUV. The goal here isn’t to save a few grams, though. Rather than fit-for-purpose functionality, this is craftsmanship in carbon fibre. Each of the 23 carbon trim pieces has been woven into a repeating geometric [...]
Rolls-Royce holds guidance but warns on supply chain November 7, 2024 The FTSE 100 firm is expecting underlying operating profit of between £2.1bn to £2.3bn, and free cash flow of £2.1bn to £2.2bn.
Rolls-Royce sells stake in small nuclear reactor division October 29, 2024 Rolls-Royce has sold a minority stake in its small nuclear reactor division to Czech power company CEZ. The Derby-headquartered giant has handed a 20 per cent share in Rolls-Royce SMR in a deal worth hundreds of millions of pounds. CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in [...]
Rolls-Royce shares top the FTSE 100 despite Cathay Pacific engine issues September 3, 2024 Cathay Pacific was forced to ground fleets for inspection after it discovered a "first of its type" component fault in one of its Rolls-supplied engines.