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Rolls-Royce said it needs to lay-off at least 9,000 of its 52,000 staff

Rolls-Royce to lay-off 9,000 people due to Covid-19

Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation industry dealt by the coronavirus pandemic.

Business • 20 May 20

Rolls-Royce, which makes engines for large civil and military planes, has been hit hard by the pandemic as its airline customers park hundreds of planes

Rolls-Royce scraps targets, dividend on pandemic hit

British aero-engine maker Rolls-Royce said it was scrapping its targets and its final dividend, taking steps to shore up its finances as airlines around the world ground planes due to the coronavirus pandemic.

Business • 06 Apr 20

BMW sold a total of 2.52 million BMW, Mini and Rolls-Royce vehicles last year

BMW sold 2.52 million cars last year

BMW said it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019, making it the best-selling premium car group, ahead of rival Daimler.

Business • 10 Jan 20

The aero-engine maker said on Tuesday it had made good progress on fixing problems with its Trent 1000 engines, although customer disruption remained

Rolls-Royce forecasts cash improvement

British engineer Rolls-Royce said a build-up of inventory such as the Trent 7000 engine that powers the Airbus A330neo would unwind in the second half and drive a "significant improvement" in cash flow.

Business • 06 Aug 19

Rolls-Royce said it was continuing with its Brexit contingency plans

Rolls-Royce continuing with Brexit contingency plans

British aero-engine maker Rolls-Royce said it was continuing with contingency plans as uncertainty grows on whether Prime Minister Theresa May's Brexit plan will receive parliamentary backing.

Business • 16 Nov 18

The disposal will leave Rolls-Royce focused on providing engines for civil aircraft, military planes and ships, and engines for ships, yachts, trains, trucks, mining and nuclear power stations

Rolls-Royce to sell commercial marine business

Rolls-Royce Holdings said it would sell its loss-making commercial marine business to Kongsberg Gruppen for an enterprise value of £500m.

Business • 06 Jul 18

Rolls-Royce announced a plan yesterday to save £400m a year by 2020 by cutting 4,600 jobs

Rolls-Royce soars as it issues ambitious mid-term goals

Britain's Rolls-Royce said it would exceed its 2020 guidance as it announced new ambitious mid-term goals today.

Business • 15 Jun 18

Rolls-Royce is due to cut more than 4,000 jobs this week

Rolls-Royce says engine problem has spread

Rolls-Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine.

Business • 11 Jun 18

Rolls-Royce had announced in January that it was reviewing strategic options for L'Orange.

Rolls-Royce sells parts maker L'Orange to Woodward

Rolls-Royce has agreed to sell its Germany-based diesel parts maker L'Orange to US-based engineering company Woodward for €700m, as part of a plan to simplify its business.

Business • 09 Apr 18

Rolls-Royce said its 2016 profit fell by 49% to £813m on an underlying basis

Rolls-Royce posts record reported loss in 2016

Rolls-Royce today posted a record reported loss of £4.6 billion as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker.

Business • 14 Feb 17

Rolls-Royce comfortable with its outlook for the year, despite the Brexit vote.

Rolls-Royce says committed to UK

British engineering company Rolls-Royce confirmed its commitment to the UK in the wake of the country's vote to leave the EU, as it said it was comfortable with its outlook for the year.

Business • 28 Jun 16

Rolls-Royce said it now expected profit headwinds of £650m next year, up from the £300m drag identified in July

Rolls-Royce cuts profit forecast again

Rolls-Royce issued its fourth profit warning in just over a year and said it may cut its dividend due to sharply weaker demand for spares and services for existing aero-engines.

Business • 12 Nov 15

Rolls-Royce says it has been selected by Saudi Arabian airline SAUDIA to provide engine maintenance and servicing for its Trent 700 engines on 20 A330 aircraft

Rolls-Royce wins two new aircraft engine contracts

British engineering company Rolls-Royce, under pressure after successive profit warnings, has announced its aero-engine business won two new contracts totalling $2.23bn.

Business • 20 Jul 15

Rolls-Royce seeing lower demand for some of its aero-engine programmes

Rolls-Royce cuts profit forecasts for 2015 & 2016

Rolls-Royce cut its profit forecasts for this year and next, citing continued weakness in oil and gas markets plus lower demand for some of its aero-engine programmes.

Business • 06 Jul 15

Rolls-Royce had benefited from expanding its model range beyond the flagship Phantom

Rolls-Royce's shift to smaller cars boosts sales

Luxury car maker Rolls-Royce is upbeat about sales this year after smaller, more sporty cars gained appeal with younger customers.

Business • 06 Jan 15

Rolls-Royce blames worsening economic conditions and tightening Russian trade sanctions for hitting results

Rolls-Royce won't return to profit growth in 2015

Rolls-Royce warned that it would not return to growth next year, having previously said that it would, as economic conditions have deteriorated and customers were delaying decisions.

Business • 17 Oct 14

Rolls-Royce's European sales were up by more than 60%

Rolls-Royce H1 sales in Europe up by 60%

Rolls-Royce has enjoyed a record-breaking first half of 2014, new figures show today.

Business • 08 Jul 14

Rolls-Royce on track to meet its guidance for this year and next

Rolls-Royce to return £1 billion to shareholders

Rolls-Royce plans to launch a £1 billion share buyback, saying that with no major acquisitions on the horizon, it would return to investors the proceeds from a recent disposal.

Business • 19 Jun 14

Rolls-Royce facing allegations of malpractice in Indonesia and China

Bribery probe into Rolls-Royce

The UK's Serious Fraud Office (SFO) has opened a criminal investigation into bribery and corruption allegations at Rolls-Royce.

Business • 23 Dec 13

Rolls Royce reveals corruption probe

Engines giant Rolls Royce has disclosed it is in talks with the UK Serious Fraud Office in relation to concerns about bribery and corruption.

Business • 06 Dec 12

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