Ocado poaches Rolls-Royce executive after online grocer’s finance chief retired having earned more than £26m and built up shareholding worth £38m By Tom Witherow For The Daily Mail Published: 22:37 BST, 27 August 2020 | Updated: 22:37 BST, 27 August 2020 Ocado has poached a Rolls-Royce executive after the online grocer’s finance chief retired having … Read more
Rolls-Royce expected to post a half-year loss of £1.1bn in its results By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 August 2020 | Updated: 21:51 BST, 23 August 2020 Rolls-Royce is expected to post a half-year loss of £1.1billion in its results this week. Demand for the Derby firm’s jet engines has … Read more
Rolls-Royce has partnered with aerospace firm Reaction Engines to create a propulsion system for a new supersonic business jet designed by Virgin Galactic. Richard Branson-owned Virgin Galactic this month unveiled the plane’s design that will fly up to 19 passengers at up to three times the speed of sound. Reaction Engines, based in Oxfordshire, signed … Read more
City sources claim Ministers are ‘concerned’ about Rolls-Royce’s precarious financial position By Ben Harrington, Financial Mail on Sunday Published: 21:59 BST, 15 August 2020 | Updated: 21:59 BST, 15 August 2020 Ministers are ‘concerned’ about Rolls-Royce’s precarious financial position, City sources claim. Investment bankers said they have heard rumours the Government is ‘starting to get … Read more
Rolls-Royce discovers cracks inside another set of engines: Issues will cost up to £50m to put right By Francesca Washtell For The Daily Mail Published: 22:01 BST, 11 August 2020 | Updated: 22:01 BST, 11 August 2020 Rolls-Royce’s reputation has been dealt a further blow after it found cracks inside another set of engines. It … Read more
Rolls-Royce shares dip to lowest level for more than decade as analysts warn it could need to raise at least £6bn in order to survive coronavirus crisis By Francesca Washtell For The Daily Mail Published: 22:03 BST, 3 August 2020 | Updated: 22:03 BST, 3 August 2020 Rolls-Royce shares dipped to their lowest level for … Read more
Aviation giant Rolls-Royce has thrown its significant expertise behind a project hoping to build the world’s fastest civil aircraft. Boom Supersonic is building a plane called Overture which, when completed, may be capable of flying at more than twice the speed of sound, with a range of 5,180 miles. It could take passengers from London to … Read more
Rolls-Royce hoping to raise up to £1.5bn by selling new shares By Daily Mail City & Finance Reporter Published: 22:26 BST, 29 July 2020 | Updated: 22:26 BST, 29 July 2020 Rolls-Royce is hoping to raise up to £1.5billion by selling new shares after the coronavirus outbreak triggered a slump in global air travel. The … Read more
New junk rating spells engine trouble at Rolls-Royce: Demand for its services to fall further By Francesca Washtell For The Daily Mail Published: 21:58 BST, 27 July 2020 | Updated: 21:58 BST, 27 July 2020 Rolls-Royce was dealt yet another blow as a second influential agency slashed its credit rating to ‘junk’ status. Moody’s made … Read more
Rolls-Royce was granted some respite from what has been a punishing year as it was picked to work on a design for a US army helicopter. The engineering juggernaut will provide the engines for Bell Textron’s V-280 Valor aircraft – which is one of two models competing for a potentially mammoth deal to make the … Read more