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AEROSPACE and defence giant Rolls-Royce yesterday outlined a new strengthened ethics policy, as it awaits the outcome of a fraud investigation into allegations of bribery and corruption. In its annual report, the FTSE 100-quoted firm said it had re-launched an ethics hotline available 24 hours a day, where individuals can raise any concerns. It also [...]
Rolls Royce has said this morning that it’s won a $90m (£54m) production contract for engines to power MV-22 aircraft operated by the US Marine Corps. The defence company will provide 40 Rolls Royce AE 1107C engines, which it’ll manufacture in Indianapolis, Indiana. The AE product family has over 5,800 engines in service, with the [...]
ROLLS-ROYCE said its profits fell more than a third in the last year, and warned there will be no growth in 2014 either, sending its shares tumbling almost 14 per cent and dragging the FTSE 100 lower yesterday. The engineering giant reported pre-tax profits of £1.76bn, down 36 per cent on the previous year, though [...]
TWO MEN were arrested yesterday after the Serious Fraud Office co-ordinated raids across London as part of its investigation into Rolls-Royce. The fraud squad, which opened a criminal probe into claims of bribery and corruption at Rolls-Royce in December, confirmed the property searches and the arrests. The National Crime agency and the City of London [...]
TWO of Britain’s luxury car brands enjoyed unprecedented global sales last year, driven by booming demand in the Middle East and parts of Asia. Rolls-Royce Motor Cars said today it delivered 3,630 vehicles in 2013, up 1.5 per cent to give the firm its fourth record-breaking year in a row. The UK has been “stable” [...]
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