Rolls-Royce to Shed 2,600 Jobs as Revenues Recede
Nov 4 14
Rolls-Royce to shed 2,600 jobs as revenues recede Rolls-Royce reported that 2,600 staff would lose their jobs over the next 18 months after it had issued its second profit warning in 2014. Most of the jobs will be lost in the aerospace side of the business.
Rolls Royce plc Wins Military $25.5 Million Federal Contract Award
Apr 30 14
RRolls-Royce PLC, Filton, United Kingdom, won a $25.5 million federal contract from the U.S. Naval Air Systems Command, Patuxent River, Md., for T-45 F405 engine component improvement program and engineering investigations.
Rolls Royce plc Announces Consolidated Earnings Results for the Year Ended December 31, 2013
Apr 8 14
Rolls Royce plc announced consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of £15,513 million against £12,161 million a year ago. Operating profit was £1,536 million against £1,378 million a year ago. Profit before financing and taxation was £1,871 million against £2,077 million a year ago. Profit before taxation was £2,109 million against £2,766 million a year ago. Profit for the year was £1,639 million against £2,335 million a year ago. Profit attributable to ordinary shareholders was £1,627 million against £2,321 million a year ago. Net cash inflow from operating activities was £1,713 million against £843 million a year ago. Additions of intangible assets were £503 million against £250 million a year ago. Purchases of property, plant and equipment was £669 million against £435 million a year ago. Underlying revenue was £15,505 million against £12,209 million a year ago. Underlying profit before tax was £1,760 million against £1,434 million a year ago. Underlying profit before financing costs and taxation was £1,832 million against £1,495 million a year ago. Underlying profit for the year was £1,326 million against £1,117 million a year ago.