Rolls-Royce on target to test superfast electric plane: Spirit of Innovation set for first record attempt in early 2021 By Daily Mail City & Finance Reporter Published: 21:51 BST, 24 September 2020 | Updated: 21:51 BST, 24 September 2020 Rolls-Royce has insisted it is months away from its first attempt at breaking the 300mph record … Read more
ALEX BRUMMER: Government must support Rolls-Royce – jobs, engineering skills, R&D and Britain’s future as an aerospace champion are at stake Rolls-Royce is Britain’s premier engineering business, with a reputation for excellence It is a victim of Covid-19 and the failure of Boris Johnson’s government to keep the skies open in the pandemic By Alex … Read more
Rolls-Royce shares slide as the engine maker says it’s looking at raising up to £2.5bn in fresh funding following restructure Rolls-Royce says it’s considering a rights issue or other fundraiser Reports say the company will consider investments from sovereign wealth funds Last month the engineering giant reported a £5.4bn half-year loss In May the … Read more
Rolls-Royce set to tap investors for £2.5bn as shares near 16-year low By Ben Harrington, Financial Mail on Sunday Published: 21:53 BST, 19 September 2020 | Updated: 21:53 BST, 19 September 2020 Rolls-Royce is on the cusp of launching an emergency fundraising to tap shareholders for between £2billion and £2.5billion. City sources said the FTSE100-listed … Read more
Ask any resident of Barnoldswick in Lancashire where they live, and they’ll tell you: ‘Barlick’. They will insist most robustly, despite some boundary changes nearly 50 years ago, that their market town is actually in Yorkshire. And they might well tell you, too, how proud they are to be associated with the prestigious name of Rolls-Royce, … Read more
Rolls-Royce battles for its survival: Engineer to sell £2bn of assets after posting record £5.4bn loss By Francesca Washtell For The Daily Mail Published: 22:19 BST, 27 August 2020 | Updated: 22:19 BST, 27 August 2020 Rolls-Royce is aiming to raise £2billion by selling parts of its business as it struggles to survive the coronavirus … Read more
Ocado poaches Rolls-Royce executive after online grocer’s finance chief retired having earned more than £26m and built up shareholding worth £38m By Tom Witherow For The Daily Mail Published: 22:37 BST, 27 August 2020 | Updated: 22:37 BST, 27 August 2020 Ocado has poached a Rolls-Royce executive after the online grocer’s finance chief retired having … Read more
Rolls-Royce expected to post a half-year loss of £1.1bn in its results By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 August 2020 | Updated: 21:51 BST, 23 August 2020 Rolls-Royce is expected to post a half-year loss of £1.1billion in its results this week. Demand for the Derby firm’s jet engines has … Read more
Rolls-Royce has partnered with aerospace firm Reaction Engines to create a propulsion system for a new supersonic business jet designed by Virgin Galactic. Richard Branson-owned Virgin Galactic this month unveiled the plane’s design that will fly up to 19 passengers at up to three times the speed of sound. Reaction Engines, based in Oxfordshire, signed … Read more
City sources claim Ministers are ‘concerned’ about Rolls-Royce’s precarious financial position By Ben Harrington, Financial Mail on Sunday Published: 21:59 BST, 15 August 2020 | Updated: 21:59 BST, 15 August 2020 Ministers are ‘concerned’ about Rolls-Royce’s precarious financial position, City sources claim. Investment bankers said they have heard rumours the Government is ‘starting to get … Read more