Rolls-Royce lays out plans to be net zero by 2050 June 17, 2021 Engine-maker Rolls-Royce has today said that it will reach net zero emissions by 2050 as it looks to boost investment into carbon dioxide-free technologies. The FTSE blue chip said that it would lift the percentage of its yearly research and development spend – which was about £1bn a year before the pandemic – that it [...]
Rolls-Royce names Anita Frew as new chair to succeed Ian Davis June 9, 2021 Rolls-Royce today said that Anita Frew would succeed Ian Davis as chair, making her the first woman to chair the company. Frew, 63, is currently chair of chemicals group Croda and a non-executive director of mining firm BHP Group. She will take over from Davis on 1 October, when he retires after nine years in [...]
Airline stocks dive and bosses fume after Portugal axed from UK travel ‘green list’ June 4, 2021 Airline stocks dropped as London’s markets opened for trading today after the government removed the one popular holiday destination from its travel “green list”. Wizz Air led the fallers on the FTSE 250, dropping 3.5 per cent by the mid-afternoon, while Easyjet shed 1.9 per cent. Easyjet had added hundreds of extra flights to Portugal [...]
Rolls-Royce newest convertible is picnic ready May 27, 2021 Rolls-Royce have released details of a new convertible which contains cocktail tables, fridges for champagne and a matching parasol – all custom made for a single, ultra-wealthy, individual. Named the ‘Boat Tail’, the rear of the car is shaped like a racing yacht. It was hand-built and took four years to make. Rolls-Royce have not [...]
Rolls-Royce sticks to guidance as wait for travel restart continues May 13, 2021 Engineer Rolls-Royce this morning maintained that it would return to positive free cash flow in the second half of 2021 as vaccinations kick in and travellers return to the skies. In a trading update this morning, the blue-chip stock said that its performance so far this year to had been in line with expectations. It comes [...]
Rolls Royce puts Norwegian unit back up for sale after Oslo blocked deal with Russians May 10, 2021 FTSE blue-chip Rolls Royce’s Norwegian maritime engine unit Bergen is back up for sale, less than two months after Oslo blocked a previous deal for it to be sold off to a Russian company. “The sale process has restarted,” a source told Reuters today. Norway in March stopped Rolls Royce from selling Bergen for €150m [...]
Rolls-Royce in ‘constructive talks’ over ITP Aero sale April 23, 2021 Rolls-Royce this afternoon hit back at claims that the sale of one of its Spanish subsidiaries could be blocked, saying it was in “constructive talks” with authorities over the issues. The FTSE 100 engine maker is in the process of selling off £2bn worth of assets in a bid to fix its finances after the [...]
Luxury watchmaker Bremont pumps £25m in new London hub March 23, 2021 Luxury watch manufacturer Bremont is expected to boost the market in the UK with a watchmaking hub in London. The £25m investment is expected to bolster the company’s headcount by 20 per cent, reaching 180 employees within two to three years, in a bid to focus its supply chain in the UK. “For over 60 [...]
Norway blocks Rolls-Royce sale on security grounds March 23, 2021 The Norwegian government has today said it will block Rolls-Royce’s attempt to sell an engine-making firm to a Russian company on national security grounds. Last month the FTSE blue chip firm announced it would sell Norwegian firm Bergen Engines to TMH Group for €150m (£132.5m). The disposal is part of plans by the aerospace giant [...]
Rolls-Royce joins with Scandi carrier Widerøe to launch all-electric plane by 2026 March 11, 2021 Rolls-Royce has today announced a new partnership with Scandinavian regional carrier Widerøe to develop an all-electric commuter aircraft ready for service by 2026. The 11-seat plane is being designed for initial use in Norway, where extremely short flights are very common due to the country’s mountainous territory. The project is part of Norway’s plan to [...]