Rolls-Royce confirms supply talks for Chinese-backed nuclear project in Essex January 21, 2019 Rolls-Royce has confirmed it is considering supplying equipment for a power plant China’s largest state-owned nuclear firm plans to build in Essex. China General Nuclear Power Group (CGN) is looking to ease concerns over national security on the project planned for Bradwell on the Essex shoreline, which using Rolls-Royce as a supplier could help with. [...]
Rolls-Royce profit before tax tumbles while dividends increase July 30, 2015 After it issued its fourth profit warning in less than 18 months, Rolls-Royce said today that its order book had roared – despite revenue and profits before tax falling. The figures Rolls-Royce said underlying revenue had fallen three per cent to £6.3bn in the first half of the year, compared with £6.5bn last year. The company said [...]
Rolls-Royce secures two aerospace contracts worth over £1bn July 20, 2015 After a rocky few months in which its share price has plummeted, Rolls-Royce delivered some positive news to investors with the announcement of two new corporate contracts together worth over £1bn. Read more: Rolls-Royce share prices down 8pc following profit warning Rolls-Royce's share price rose just under one per cent in early trading after it announced [...]
Rolls-Royce share prices down 8pc following profit warning July 6, 2015 Shares in Rolls-Royce are down 8 per cent following the company's profit warning, in an unscheduled update on its guidance in which it also announced it has suspended its £1bn share buyback programme. The UK engineering group has lowered profit expectations for its marine division by £85m for both 2015 and 2016, as offshore markets continue [...]
Rolls-Royce “exploring opportunities” to not cut jobs June 11, 2015 Rolls-Royce says it is exploring ways to “mitigate the need for compulsory redundancies wherever possible”. The engine maker, which announced its intention to cut a tenth of its 6,000-person marine workforce in May, said in a statement it has been “engaged in constructive dialogue with union representatives”, and that it has “Made significant progress” [...]
Rolls-Royce in €80m contract to deliver new British Army tanks May 27, 2015 Power systems manufacturer Rolls-Royce has signed an €80m (£57m) contract with General Dynamics European Land Systems to deliver 589 MTU Series 199 diesel engines for new British Army armoured vehicles. Delivery of the engines is to start in 2016, with the last engines to be delivered in 2022. According to Rolls-Royce, this will be the [...]
Rolls-Royce share price edges down as it announces plans to cut 600 jobs in its marine business May 18, 2015 Roll-Royce has announced plans to cut 600 further jobs in its marine business by the end of this financial year, amid challenging market conditions. This will be in addition to plans to lay off 2,600 staff – including its finance director – announced in November. And while the reductions will be global, around half of the [...]
Rolls Royce hit with £350m forex blow May 8, 2015 Rolls-Royce expects to see its restructuring efforts bear fruit in the second half of the financial year, but expects a massive forex hit of £350m. The £350m is a translation effect: from translating revenues back into pounds to report results. This creates a year on year differences, depending on the behaviour of currencies during that [...]
Car review: The Phantom’s little bro grows up – meet the Rolls-Royce Ghost II April 27, 2015 Drive the Rolls-Royce Phantom for any length of time, as City A.M. did last August, and there’s a strong chance you’ll come away deeply impressed. Your CEO may well own one and, you’ll undoubtedly agree, he/she is a person of great taste. Alan Sugar has a Phantom. So does Simon Cowell, Kim Kardashian and [...]
Rolls-Royce share price opens higher as John Rishton stands down as chief executive to be succeeded by Warren East April 22, 2015 Shares in troubled engineering giant Rolls-Royce opened four per cent higher this morning, at 1,049p, after chief executive John Rishton announced his intention to stand down. Rishton, who has been with the company for four years with the company, was promoted to the top job four years ago. He'll step down on 2 July. He [...]