Rolls-Royce CEO’s pay slashed by almost £10m despite rocketing FTSE 100 shares March 6, 2025 The chief executive of Rolls-Royce, Tufan Erginbilgic, has seen his pay slashed by almost £10m despite transforming the fortunes of the FTSE 100 giant. The CEO took home a pay packet of £4.1m for the Derby-headquartered group’s latest financial year, down from the £13.6m he received in the prior 12 months. Erginbilgic’s previous remuneration package [...]
FTSE 100 giants Rolls-Royce and BAE Systems surge following Ukraine defence summit March 3, 2025 UK and European defence shares rose to near-record highs on Monday morning lead by names such as Rolls-Royce and BAE Systems, after the defence summit in London, at which European leaders emphasised support for Ukraine and pledged to raise defence spending. The STOXX 600 rose 0.4 per cent boost, following ten consecutive weeks of gains [...]
Rolls-Royce shares could soar 50 per cent, says BofA February 28, 2025 Shares in engineering giant Rolls-Royce could rise a further 50 per cent following an already stellar two-year rally, analysts at Bank of America have said. Analyst Benjamin Heelan on Friday lifted his price target to 1,150p from 830p, according to Bloomberg, prompting shares to rise over three per cent by mid-day. It came just a [...]
Rolls-Royce shares take off as FTSE 100 giant brings back dividends February 27, 2025 Rolls-Royce has reinstated dividends and unveiled a £1bn share buyback programme as full-year profit comfortably beat expectations. The FTSE 100 engineering giant on Thursday proposed a 6p per share dividend for investors in what marks its first payout since before the pandemic. A £1bn share buyback programme will also commence immediately and be completed through [...]
UK defence stocks surge after Keir Starmer spending pledge February 25, 2025 Stocks in UK weapons manufacturers are having another strong week after Prime Minister Keir Starmer pledged to increase British defence spending to its highest in decades. Starmer announced the “biggest sustained increase in defence spending since the end of the Cold War”, with the UK set to increase arms spending from 2.3 per cent to [...]
New Spectre Black Badge is the most powerful Rolls-Royce ever February 18, 2025 Rolls-Royce has unveiled a new, performance-focused Black Badge version of its electric Spectre coupe. The Black Badge arrives in response to unprecedented customer demand, as the British company prepares to invest £300 million in its Goodwood headquarters. Chris Brownridge, chief executive at Rolls-Royce Motor Cars, said: “Black Badge Spectre is one of the clearest statements [...]
Rolls-Royce signs £9bn submarines deal to create 1,000 jobs January 24, 2025 Rolls-Royce has signed a £9bn submarines deal which will create 1,000 jobs and is the biggest UK Ministry of Defence (MoD) contract in its history. The eight-year Unity contract covers research and technology, design, manufacture and in-service support of the nuclear reactors that power the Royal Navy’s fleet of submarines. The Derby-headquartered FTSE 100 giant [...]
Rolls-Royce worth £50bn again after FTSE 100 surge January 20, 2025 Rolls-Royce has returned to a market capitalisation of more than £50bn after its shares rallied. The Derby-headquartered FTSE 100 giant passed the milestone for the first time at the start of December 2024 before its share price fell back. However, Rolls-Royce has surpassed the £50bn barrier once again after a jump in its share price [...]
FTSE 100 hits all-time high as investors bet on interest rate cuts January 17, 2025 The FTSE 100 has hit a new all-time high this morning, surpassing the previous peaks it reached in spring last year, as investors ramp up their bets on an interest rate cut by the Bank of England next month. The value of London’s 100 largest listed companies has grown 3.2 per cent in the last [...]
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 [...]