Trends - Rolls Royce - Business Recorder

Business & Finance

Rolls-Royce losses double as virus hits aviation sector

The loss after tax, equivalent to $4.4 billion or 3.7 billion euros, compared with a loss of £1.3 billion in 2019.

Published 11 Mar, 2021 05:14pm

Business & Finance

Rolls-Royce plunges to worse than expected $5.6bn loss

That improvement depends on airlines flying 55% of 2019 levels during 2021. Rolls-Royce said its assumption is for travel to gradually improve this year, accelerating in the second-half as vaccine programmes progress.

Published 11 Mar, 2021 12:36pm

Business & Finance

Norway suspends Rolls-Royce asset sale on security grounds

Rolls-Royce must pause sale of Norway's Bergen Engines.
Norway fears national security could be at risk.
Sale to Russia's TMH Group was announced last month.

Updated 09 Mar, 2021 09:33pm

Business & Finance

Norway wants to halt Rolls-Royce unit sale over security concerns

"There is therefore a need to halt this process to gather sufficient information to evaluate the transaction," she added.

Published 09 Mar, 2021 05:26pm

Markets

FTSE rises as miners, energy stocks gain

• Rolls-Royce up after appointing new CFO • Mitchells & Butlers rises on plans to raise $486.05m LONDON:...

Published 16 Feb, 2021 04:07am

Business & Finance

Travel troubles force Rolls-Royce to cut 2021 flight forecasts

Flying hours for engines in 2021 lower due to restrictions.
Cash outflow seen at 2 billion pounds, more than expected.
Roll-Royce still sees positive cash flow in second half.

Published 26 Jan, 2021 05:25pm

Business & Finance

Jet engine maker Rolls-Royce cuts 2021 forecasts on travel slump

To ride out the pandemic, Rolls-Royce plans to sell assets worth 2 billion pounds. It is also cutting more than 1 billion pounds in costs by axing 9,000 jobs and closing factories.

Published 26 Jan, 2021 02:31pm

Business & Finance

Pandemic tests Rolls-Royce resilience after prolonged engine trouble

The problems are particularly unsettling for Airbus, which depends on Rolls for all wide-body jets after the A380’s demise.

Published 18 Dec, 2020 05:26pm

Business & Finance

Rolls-Royce starts search for next chairman

Rolls-Royce's board has begun the process of identifying a successor to Ian Davis, the report said, adding an appointment was unlikely to be announced until well into next year.

Updated 12 Dec, 2020 08:06pm

Business & Finance

Rolls-Royce kicks off disposal plan with nuclear instrument sale

Rolls-Royce said in a statement that it was selling the business, which has operations in France, Czech Republic and China and employs 550 staff, to French engineering company Framatome.

Published 07 Dec, 2020 04:13pm

Business & Finance

Britain's Rolls-Royce raises 2bn pounds with rights issue

94% of shareholders sign up for new shares.
Remaining 6% sold in rump placing at 90 pence each.
Shares trade down 8% at 90 pence.

Published 12 Nov, 2020 06:26pm

Business & Finance

Rolls-Royce shareholders approve 2bn stg rights issue

The approval of the capital raise boosts the group's total liquidity by 5 billion pounds by unlocking extra debt options for Rolls.
"The single resolution is passed overwhelmingly," chairman Ian Davis told an online meeting.

Published 27 Oct, 2020 05:04pm

Business & Finance

Rolls-Royce seeks $2.6bn in make-or-break share issue

At stake is the future of a company which has been at the heart of manufacturing in Britain for more than 100 years.
"We find the terms of the proposed rights issue to be reasonable," Glass Lewis said in a note, while ISS said the rationale was "compelling".

Updated 26 Oct, 2020 07:13pm

Business & Finance

Rolls-Royce to raise $6.5bn to cope with COVID cash crunch

Rolls shares were down 8pc to 119.6 pence at 0936 GMT, their lowest level since 2004, after it said that it would raise about 2 billion pounds through a 10 for 3 discounted rights issue.

Published 01 Oct, 2020 03:15pm

Business & Finance

Rolls-Royce ends talks with sovereign funds ahead of 2bn stg fund raise

The British aero-engine group is planning to go ahead with the planned equity raise without the participation of sovereign wealth funds including Singapore's GIC.
The company had last week stated that no final decision had been made on allotting shares to potential investors.

Published 01 Oct, 2020 01:14am

Business & Finance

Rolls-Royce shares hit 2004 low over mooted $3bn equity raise

The company has a plan to sell assets to try to raise at least 2 billion pounds and said it is also looking at new debt options.

Published 21 Sep, 2020 04:00pm

Business & Finance

Rolls-Royce says demand for luxury cars is recovering

Torsten Muller-Otvos said the demand meant Rolls-Royce Holdings Plc was the first car company to resume car production in the United Kingdom on May 4.

Published 01 Sep, 2020 11:43pm

Business & Finance

Rolls-Royce to carry out extra inspections on some Trent XWB engines

Rolls-Royce said on Tuesday that the issue would not cause significant customer disruption or material cost, as it affected a small number of XWBs of a certain age.

Published 11 Aug, 2020 03:55pm