Rolls-Royce shares halve after £2bn rights issue approved October 28, 2020 Rolls-Royce’s stock halved today after the the engine-maker’s shareholders voted in favour of a £2bn rights issue. After the morning’s trading, the blue chip’s stock was trading at 94.85p, down 56.7 per cent for the day. It’s the lowest the shares have traded at in over 15 years, and means that the stock has shed [...]
Rolls-Royce shareholders approve £2bn rights raise plan October 27, 2020 Rolls-Royce shareholders have this morning approved the engine maker’s £2bn rights issue as it seeks to bolster its finances. As a result, the group’s liquidity will rise by £5bn, as the capital raise opens up new options including a £2bn bond issue and the extension of a two-year loan by £1bn. Chairman Ian Davis told [...]
Rolls-Royce shares sink 10% after it taps shareholders for £2bn in fresh funding October 1, 2020 British industrial titan Rolls-Royce shares closed down more than 10 per cent after it confirmed plans to raise £2bn from shareholders as it seeks to rebuild its battered balance sheet after Covid-19. In total, the firm unveiled a restructuring package worth £5bn in total, with plans to raise an additional £1bn from the bond market [...]
Rolls-Royce reportedly mulling £1.5bn rights issue to counter aviation slump July 29, 2020 Engine maker Rolls-Royce is reportedly considering a share issue to raise up to £1.5bn after the slump in aviation due to the coronavirus pandemic left a large dent in its financial position. Earlier this month the engineer, which makes engines for the Boeing 787 and Airbus 350 planes, reported cash outflows today of £3bn for [...]
Rolls-Royce to swing axe at 9,000 employees over coronavirus May 20, 2020 Rolls-Royce warned today it will look to make at least 9,000 workers to cut £1.3bn in annual costs as it copes with the economic downturn from coronavirus. The British engine-maker warned it will swing the axe mostly at staff in its civil aerospace division as it begins consulting unions. That prompted the government to say [...]
Coronavirus: Rolls-Royce shares jump as engine maker shores up finances April 6, 2020 Shares in engine-making giant Rolls-Royce rose over 14 per cent this morning as the firm unveiled a raft of measures to shore up its finances during the coronavirus crisis. The blue-chip firm, which supplies engines to aerospace giants Airbus and Boeing, is paid by airlines according to the number of hours flown using its engines. [...]
Rolls-Royce falls to £852m loss as engine trouble persists February 28, 2020 FTSE 100-listed Rolls-Royce today reported a loss of £852m after problems with its Trent 1000 engine overshadowed record engine deliveries at the firm. The figures Operating profit rose 25 per cent to £808m, ahead of £616m last year, driven largely by an improvement in the engine maker’s civil aerospace division. Revenue increased seven per cent [...]
Rolls-Royce unveils electric plane for world record attempt December 19, 2019 Rolls-Royce have unveiled the plane it hopes will break the world record for the fastest all-electric aircraft. The plane, which was revealed at Gloucestershire Airport today, is expected to make its record attempt early next year. Read more: World’s first fully electric commercial flight takes off in Canada The current record speed stands at 210 [...]
Rolls-Royce shares move down a gear as analysts cut rating November 27, 2019 Rolls-Royce shares have fallen 2.8 per cent today, after analysts on both sides of the Atlantic lowered their rating of the firm’s stock. Analysts at Morgan Stanley cut their rating to a neutral “equal-weight” assessment. Read more: ‘Hailstorm’ of jet engine fragments cause chaos in Rome They said the firm’s weaker underlying cash flow was [...]
Rolls Royce share price suffers as it reveals engine setback September 20, 2019 Rolls Royce said this morning it will take longer than expected to get its Trent 1000 engines back in the air after one fell apart over Italy earlier this year. The company said that it has had to remove more engines than expected from planes. Read more: Rolls-Royce: Engine issues still in focus after ‘storm [...]