Historical moment: Rolls-Royce and Easyjet announce world’s first hydrogen engine run WORLD'S FIRST Rolls-Royce and Easyjet have made aviation history as they announced today the first successful run of a hydrogen-powered plane engine. The test was conducted using a hydrogen demonstrator powered by wind and tidal energy generated in the Orkney Islands. Rolls-Royce’s chief technology officer Grazia Vittadini said it was a “landmark achievement.” “We are pushing the [...]
Ineos in talks with Rolls-Royce to build mini nuclear reactor and power Scottish chemical refinery MINI NUCLEAR REACTOR Ineos is reportedly in talks with Rolls-Royce to build a mini nuclear reactor and power its Scottish chemical refinery. Jointly owned by China’s PetroChina, the Grangemouth factory will need to reach net-zero by 2045 to comply with the Scottish government’s environmental targets, the Sunday Telegraph reported. While Scottish First Minister Nicola Sturgeon has opposed the [...]
Defence sector boosts Rolls-Royce as Asia recovery lags under Covid-19 aerospace Aerospace giant Rolls-Royce’s recovery continues to lag in Asia due to ongoing Covid-19 measures, as the firm makes headway again in the US and Europe. The London-listed company, which builds jet engines, has been particularly vulnerable to supply chain disruptions and inflation, as it continues to restore back to full health following the pandemic. Rolls-Royce, [...]
Rolls-Royce enters next era as first fully-electric motor car goes on display, in gold October 18, 2022 Rolls-Royce has unveiled its first fully-electric motor car. The British manufacturer said the first customer cars of the new Spectre model will be delivered late next year. The model, displayed in gold by Rolls-Royce, fulfils a “prophecy” by the maker’s founder, Charles Stewart Rolls, who said in 1900 the electric car is “perfectly noiseless and [...]
Rolls-Royce: Automotive veteran appointed to head subsidiary September 20, 2022 Automotive veteran Jorg Stratmann has been appointed as boss of Rolls-Royce’s subsidiary firm, Power Systems. Stratmann, who stepped down as chief executive of automotive supplier Mahle last year, will join the engine maker on 15 November. The automotive veteran will report to the wider group’s boss Warren East until the end of the year, when [...]
Rolls-Royce finalises £1.5bn sale of Spanish subsidiary to Bain September 15, 2022 Rolls-Royce has finalised the €1.8bn (£1.5bn) sale of Spanish subsidiary ITP Aero to a group of investors led by private equity giant Bain. Following the £1.5bn sale, shares went up 3 per cent. “ITP Aero will remain a key strategic supplier and partner for Rolls-Royce across both Civil Aerospace and Defence programmes,” Rolls Royce said [...]
BAE backed spacecraft designer Reaction Engines prepares for IPO August 24, 2022 Boeing and Rolls-Royce backed aerospace engineering firm Reaction Engines is preparing to launch a more than £1bn initial public offering (IPO). The Oxfordshire-headquartered spaceplane designer has told shareholders it intends to raise a pre-IPO round of funding, with a view to listing its shares on public markets as soon as 2024, Sky News first reported. [...]
Rolls-Royce shares dive as soaring costs squeeze profits August 4, 2022 Rolls-Royce reported a slowdown in profits in the first six months of the year as a cocktail of snarled supply chains, soaring inflation and war in Ukraine caused costs to spiral.
Union rejects Rolls Royce’s £2k one-off ‘cost of living’ payment to workers June 21, 2022 A union representing Rolls Royce workers has snubbed the offer of a £2,000 one-off payment from the firm to help ease the cost of living crunch on staff.
Rolls-Royce gives staff £2k to help with cost of living crunch June 20, 2022 Rolls-Royce is set to pay three-quarters of its workers £2,000 help with the cost of living crunch.