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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rolls-royce Holdings Plc | LSE:RR. | London | Ordinary Share | GB00B63H8491 | ORD SHS 20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.50 | -1.29% | 421.00 | 421.00 | 421.10 | 428.00 | 420.90 | 427.00 | 7,206,514 | 13:59:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Aircraft Engine,engine Parts | 16.49B | 2.41B | 0.2884 | 14.58 | 35.17B |
From May 2021 to May 2024
By Ian Walker
Rolls-Royce Holdings PLC said Tuesday that it has established the Rolls-Royce Small Modular Reactor business as part of the U.K. Government's net zero strategy and 10-point plan.
The engine maker said that it, BNF Resources UK Ltd. and Exelon Generation Ltd. will invest 195 million pounds ($264.5 million) into the nuclear-reactor business over three years. It also expects to get a GBP210 million grant from the U.K. Government as part of its plan for a "green industrial revolution."
The new business will now start the search for sites for factories to manufacture the models that enable on-site assembly of the power plants.
"The business could create up to 40,000 jobs, through U.K. deployment and export enabled growth. As a major shareholder in Rolls-Royce SMR, we will continue to support its path to successful deployment," Rolls-Royce Chief Executive Warren East said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 09, 2021 02:38 ET (07:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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