Few companies are more critical to Britain’s manufacturing future than aero-engine giant Rolls-Royce. That’s why, along with BAE Systems, it is protected from overseas takeovers by a golden share. Understandably, there is huge anxiety as to why Rolls-Royce chief executive Warren East has decided that a quick bounce back from a Covid-19 induced slump is … Read more
Aerospace giant Rolls-Royce said today it plans to cut at least 9,000 jobs in the latest blow to the aviation industry as it continues to be hammered by the coronavirus crisis. The Derby-based manufacturer, which has 52,000 employees worldwide, said it had been forced to conduct a ‘major reorganisation’ of the business to adapt to … Read more
Rolls-Royce says it will be the first UK car maker to resume production from 4 May – ahead of luxury rival Bentley Bosses at the British car maker said 1,000 employees will return on Monday That’s around half the total workforce at the Goodwood factory near Chichester It means Rolls-Royce will be back making cars … Read more
Rolls-Royce shares slump nearly 7% on reports it is planning to cut up to 8,000 jobs By Daily Mail City & Finance Reporter Published: 22:10 BST, 4 May 2020 | Updated: 22:10 BST, 4 May 2020 Rolls-Royce shares slumped nearly 7 per cent yesterday on reports it is planning to cut up to 8,000 jobs. … Read more
Engineering giant Rolls-Royce preparing to cut up to 8,000 jobs in jet engine business By Harriet Dennys, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 14:04 BST, 3 May 2020 Engineering giant Rolls-Royce is preparing to cut up to 8,000 jobs in its jet engine business. An insider said the company’s … Read more
Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 6 June 2019 | Updated: 21:51 BST, 6 June 2019 Rolls-Royce has offloaded a £4.6billion chunk of its pension scheme covering 33,000 members to Legal & General, in the biggest … Read more
Rolls-Royce joins rush to cut dividends with 13 firms suspending or cancelling payouts worth £636m in just one day By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:22 BST, 6 April 2020 Dividends worth £17.6billion have now been axed so far this year as British investors continue to … Read more
Amid the carnage on world markets caused by fears surrounding the coronavirus health catastrophe, not all shares were deeply in the red. On a day when the FTSE 100 dropped 3.2 per cent and shares of Willie Walsh’s International Airlines Group plummeted 8.4 per cent, stock in Britain’s aircraft engine maker Rolls-Royce was the great … Read more