Rolls-Royce hoping to prevent further rounds of job losses by shutting its factories for first time ever this summer The aerospace giant will close plants in its jet engine division for two weeks to save cash on salaries, energy and other costs Dates for the two-week shutdown have not been decided yet by chief executive … Read more
Rolls-Royce to burn through another £2bn of cash as new Covid variants put the brakes on air travel By Francesca Washtell For The Daily Mail Published: 22:56 GMT, 26 January 2021 | Updated: 23:24 GMT, 26 January 2021 Engine maker Rolls-Royce warned it will burn through £2billion this year as the spread of new Covid … Read more
Rolls-Royce and UK Space Agency team up to develop nuclear-powered spacecraft engine that could get us to Mars in just three months The firms will explore the potential of nuclear power as a source of energy A nuclear-powered spacecraft engine could cut journey times to Mars in half They could also reduce the dose of … Read more
Rolls-Royce workers receive £100m windfall early after taking 10% pay delay from April Nearly 50,000 staff at the engineer had 10 per cent pay deferred from April It made the payout on Christmas Eve, bringing it forward by three months By Alex Lawson For The Mail On Sunday Published: 22:16 GMT, 26 December 2020 | … Read more
Rolls-Royce pins hopes on green trains and boats, but wants airspeed record: Change of course as boss fears flights will take FIVE YEARS to recover By Alex Lawson, Financial Mail On Sunday Published: 21:52 GMT, 12 December 2020 | Updated: 21:52 GMT, 12 December 2020 Rolls-Royce is throwing its weight behind a string of green … Read more
Investors eager to hear if Rolls-Royce burned through £1bn in latter six months of 2020 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 4 December 2020 | Updated: 21:50 GMT, 4 December 2020 Rolls-Royce boss Warren East wasn’t exaggerating when he said 2020 had been a ‘historic shock’ for the aviation industry. Rolls, … Read more
She reportedly set a new auction record by spending half a million dollars on a diamond ring in September. And it appears Francesca Packer-Barham, 26, can’t stop splashing the cash – as she’s rumoured to now be the proud owner of a jaw-dropping Rolls-Royce Phantom, which retails at around $1 million. The niece of billionaire … Read more
Rolls-Royce bosses will be breathing a sigh of relief after it completed a bumper £2billion fundraising that will unlock even more emergency cash. Britain’s flagship engineering group was aiming to sell 6.5bn new shares to existing investors in what is known as a rights issue. Rolls earns a hefty chunk of its money from maintaining … Read more
Rolls-Royce to create 6,000 new jobs in Britain over the next five years and build 16 new mini nuclear power stations Over the next 15 years, the Rolls-Royce led group hopes to create 35,000 jobs 80% of the power station components set to be made in Midlands and the North By Jane Denton For Thisismoney … Read more
It was another grim day for Rolls-Royce investors – and staff – as shares tumbled and its mass job-cutting programme gathered pace. The engineering giant said it would cut almost 1,400 jobs in its civil aerospace division, its hardest-hit arm which makes and maintains plane engines. Around 950 will be in the UK, while 420 … Read more