Union rejects Rolls Royce’s £2k one-off ‘cost of living’ payment to workers unions 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 rolls-royce Rolls-Royce is set to pay three-quarters of its workers £2,000 help with the cost of living crunch.
KPMG fined £3.4m over Rolls Royce audit failings BIG FOUR FIRM FINED Big four firm KPMG has been fined £3.4m over its audit of Rolls Royce. The company was slapped with the penalty by the financial regulator over its failings to address problems at the company in a 2010 audit. This is the fourth fine imposed on KPMG in 2022 according to the FT. The Financial Reporting [...]
Rolls-Royce trading in line with expectations following aviation recovery May 12, 2022 Rolls-Royce’s trading in the first four months of the year has remained in line with expectations following the aviation sector’s gradual recovery and investments into defence. Despite market volatility and other macroeconomic and geopolitical headwinds, the group said today it was expecting “positive momentum in our financial performance in 2022” and maintained its financial guidance [...]
BAE Systems and Rolls Royce win £2bn contracts to boost submarine nuclear programme May 9, 2022 BAE Systems and Rolls-Royce have been granted defence contracts worth more than £2bn to boost the country's nuclear deterrent programme.
Terrible Tuesday for Rolls-Royce as shares plunge after JP Morgan downgrades firm and slashes target price April 12, 2022 Shares in engineering giant Rolls-Royce tanked this morning after bankers at JP Morgan downgraded the stock to ‘underweight’ and slashed its target price.
Rolls Royce boss Warren East to step down as profits rebound February 24, 2022 Rolls-Royce reported a rebound in performance this morning as underlying profits hit £414m after the firm implemented a wide ranging overhaul which saw 9000 jobs cut permanently.
Rolls-Royce seeks to lease disused nuclear sites in Wales and Cumbria to deploy its mini reactors February 16, 2022 Rolls-Royce is seeking to enter negotiations with the UK’s Nuclear Decommissioning Authority (NDA), to lease disused nuclear sites from the public body, as it pushes forwards with plans to deploy a fleet of mini nuclear reactors across various sites in Wales and the North of England. The British engineering company plans to lease sites from [...]
Rolls-Royce Motor Cars sales soar as demand for luxury vehicles surges January 10, 2022 Despite Covid concerns and ongoing supply chain issues, luxury car maker Rolls-Royce has reported record highs in 2021, with sales going up 49 per cent compared with the previous year. Delivering the highest annual sale since its foundation in 1906, Rolls-Royce shipped 5,586 cars, registering record figures in most regions including China, the Americas and [...]
Rolls-Royce sells off Bergen Engines for €63m in bid to streamline business January 4, 2022 Rolls-Royce has cut a deal with engineering group Langley for its liquid fuel and gas engines business. The aerospace giant is set to sell Bergen Engines for €63m, following a strategic review of the business, as Rolls-Royce looks to build a “more focussed group”. The deal forms part of Rolls-Royce’s target of selling off £2bn [...]