Rolls-Royce share price jumps as it announces plans to cut 2,600 jobs November 4, 2014 Shares in Rolls-Royce jumped 2.63 per cent in mid-afternoon trading after it announced plans to lay off 2,600 staff – including its finance director. In a statement to the stock market today, the company said the cuts, which will mainly take place in its aerospace division, were "consistent" with plans announced last month. It added [...]
Rolls-Royce share price dives following profit warning October 17, 2014 Rolls-Royce Holdings share price fell this morning after warning that its underlying revenue may be 3.5 to four per cent lower in 2014 compared to last year, on the back of worsening economic conditions and tightening Russian trade sanctions. The British engine maker said leading customers had cancelled orders particularly in the Nuclear & Energy [...]
Rolls-Royce flying high after new $440m Norwegian deal October 9, 2014 ROLLS-Royce has been selected to supply Norwegian with Trent 1000 engines for nine additional Boeing 787-9 Dreamliner planes and has been signed up for a maintenance and servicing contract worth $440m (£272m). The deal will see Norwegian’s leased planes powered by the Trent 1000-TEN, which Rolls-Royce claims boasts the “best through-life fuel efficiency, lowest emissions [...]
Rolls-Royce share price up following engine deal with Norwegian October 9, 2014 Shares in Rolls-Royce went up by 1.8 per cent to £9.61 in trading this morning, after Norwegian selected it to provide engines for nine more of its leased Boeing 787-9 Dreamliner aircraft. Rolls Royce Trent 1000 engines are known for their high fuel efficiency, low emissions and low noise. They are already used to [...]
Car Review: Rolls-Royce Phantom – as big, luxurious and iconic as ever August 12, 2014 Alan Sugar drives one. So does Simon Cowell. But, by and large, owners of the Rolls-Royce Phantom prefer discretion. For every ostentatious celeb with a Roller there will be 10 discreet owners who hide behind the tinted, double-glazed windows. Yet it’s impossible to avoid people stopping and staring when you drive one. It may have [...]
Strong sterling hits British aerospace firms Rolls-Royce and BAE systems July 31, 2014 The pound’s strength yesterday continued to strike a blow to the profits of major British companies. Huge aerospace and defence firms Rolls-Royce and BAE systems, as well as engineering company Weir Group all announced that their profits had taken a hit from the currency’s rise. Both BAE and Rolls-Royce also said they had suffered from [...]
Rolls-Royce car sales motor to new record July 8, 2014 Luxury car maker Rolls-Royce yesterday announced that it had accelerated to a new sales record in the first half of this year, up one-third in comparison to last year. The company, owned by German carmaker BMW since 2002, sold a total of 1,968 cars worldwide, it said. “This is an excellent half-year result and demonstrates [...]
Rolls-Royce to collaborate with Chinese nuclear reactor vendors June 18, 2014 UK engineering giant Rolls-Royce yesterday signed a memorandum of understanding with CGN, the Chinese nuclear reactor vendor. The Rolls-Royce-CGN deal will open the way to collaboration in nuclear engineering support, the supply of emergency diesel generators and supply chain management, and comes just a day after Rolls-Royce inked a deal with CGN’s rival, SNPTC. China [...]
Rolls Royce share price dives on cancelled Emirates order June 11, 2014 Shares in Rolls-Royce slumped 2.8 per cent yesterday after Emirates Airline cancelled an order for 70 Airbus jets, for which the aerospace giant makes the engines. “As a result of today’s announcement, our order book will reduce by around 3.5 per cent or £2.6bn,” said the FTSE 100-quoted firm. Rolls-Royce said it remained confident that [...]
Rolls-Royce and airline share price falls put FTSE in a spin June 11, 2014 Trouble in the skies and a reduction in the World Bank’s global forecast and a couple of companies going ex-dividend yesterday brought the FTSE down. The FTSE 100 closed down 34.68 points at 6,838.87, a fall of 0.50 per cent. The cancellation of Emirates Airlines’ major order for 70 new Airbus A350s hit shares of [...]