Rolls-Royce reportedly mulling £1.5bn rights issue to counter aviation slump July 29, 2020 Engine maker Rolls-Royce is reportedly considering a share issue to raise up to £1.5bn after the slump in aviation due to the coronavirus pandemic left a large dent in its financial position. Earlier this month the engineer, which makes engines for the Boeing 787 and Airbus 350 planes, reported cash outflows today of £3bn for [...]
Rolls-Royce to swing axe at 9,000 employees over coronavirus May 20, 2020 Rolls-Royce warned today it will look to make at least 9,000 workers to cut £1.3bn in annual costs as it copes with the economic downturn from coronavirus. The British engine-maker warned it will swing the axe mostly at staff in its civil aerospace division as it begins consulting unions. That prompted the government to say [...]
Coronavirus: Rolls-Royce shares jump as engine maker shores up finances April 6, 2020 Shares in engine-making giant Rolls-Royce rose over 14 per cent this morning as the firm unveiled a raft of measures to shore up its finances during the coronavirus crisis. The blue-chip firm, which supplies engines to aerospace giants Airbus and Boeing, is paid by airlines according to the number of hours flown using its engines. [...]
Rolls-Royce falls to £852m loss as engine trouble persists February 28, 2020 FTSE 100-listed Rolls-Royce today reported a loss of £852m after problems with its Trent 1000 engine overshadowed record engine deliveries at the firm. The figures Operating profit rose 25 per cent to £808m, ahead of £616m last year, driven largely by an improvement in the engine maker’s civil aerospace division. Revenue increased seven per cent [...]
Rolls-Royce unveils electric plane for world record attempt December 19, 2019 Rolls-Royce have unveiled the plane it hopes will break the world record for the fastest all-electric aircraft. The plane, which was revealed at Gloucestershire Airport today, is expected to make its record attempt early next year. Read more: World’s first fully electric commercial flight takes off in Canada The current record speed stands at 210 [...]
Rolls-Royce shares move down a gear as analysts cut rating November 27, 2019 Rolls-Royce shares have fallen 2.8 per cent today, after analysts on both sides of the Atlantic lowered their rating of the firm’s stock. Analysts at Morgan Stanley cut their rating to a neutral “equal-weight” assessment. Read more: ‘Hailstorm’ of jet engine fragments cause chaos in Rome They said the firm’s weaker underlying cash flow was [...]
Rolls Royce share price suffers as it reveals engine setback September 20, 2019 Rolls Royce said this morning it will take longer than expected to get its Trent 1000 engines back in the air after one fell apart over Italy earlier this year. The company said that it has had to remove more engines than expected from planes. Read more: Rolls-Royce: Engine issues still in focus after ‘storm [...]
Rolls-Royce: Engine issues still in focus after ‘storm of steel and iron’ falls from plane August 14, 2019 On a sunny, 30C-degree afternoon in Fiumicino, near Rome, residents of the airport town thought they were experiencing a sudden hail storm. But when witness Paola Di Lazzaro looked outside, she saw “a storm of steel and iron,” she told Italian newspaper Il Messaggero. Hundreds of shards of incandescent metal were falling down to earth [...]
Rolls-Royce shares drop after ‘hailstorm’ of jet engine fragments cause chaos in Rome August 12, 2019 A “storm of steel and iron” raining down on people in a busy suburb of Rome over the weekend sent engine maker Rolls-Royce’s market value tumbling more than half-a-billion pounds today. Romans were forced to take cover on Saturday as hot fragments of metal fell from a Boeing 787 Dreamliner jet flying over the Fiumicino [...]
Rolls-Royce boss still cannot call time on Trent 1000 engine issue August 6, 2019 Rolls-Royce’s chief executive Warren East was today unable to predict when he will draw a line under a long-running engine problem which has grounded hundreds of passenger jets and already cost the firm billions of pounds. The blue-chip engineer today announced a further £100m loss on the Trent 1000 engine, which powers the popular long-haul [...]