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February 26, 2014
07:18 EDTRYCEY Rolls-Royce plans more efficent aircraft engine, Reuters reports
Rolls-Royce says it plans a new aircraft engine called the "Advance" which would be up to 6% more efficient than its latest model and could be ready by the end of this decade, reports Reuters. The "Advance" could be a successor to its Trent XWB which is due to enter service later this year.Reference Link
News For RYCEY From The Last 14 Days
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October 5, 2015
06:03 EDTRYCEYRolls-Royce to cut up to 400 jobs in Marine business
Rolls-Royce has announced plans to continue the transformation of its Marine business through a program of increased investment in research and development and further efficiencies, as it positions the business for the future, following the continuing impact of the sharp fall in oil prices. These proposals will build on a series of cost reduction initiatives carried out over the past two years, and focus on improving competitiveness by reducing corporate and administrative costs with most of the early savings being reinvested in increased R&D activity. Profit and revenue guidance for our Marine business, as set out in July, remains unchanged. The number of employees will be reduced by up to 400 worldwide by the end of next year, in addition to the reduction of 600 employees previously announced in May, which was also driven by the impact of the low price of oil and subsequent fall in orders. The company expects the proposals will generate full year savings of GBP40M, with incremental benefits from 2016 onwards; most of the early savings will be invested in increased R&D activity. Due to the timing of actions being taken, this will now see GBP20M charged in 2015 and GBP10M taken in 2016.
October 4, 2015
12:23 EDTRYCEYRolls-Royce to cut 400 management jobs in marine unit, FT says
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September 30, 2015
05:25 EDTRYCEYRolls-Royce reinstated with a Buy at Goldman
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September 29, 2015
10:31 EDTRYCEYAmerican Airlines, Rolls-Royce to dissolve Texas Aero Engine partnership
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September 28, 2015
19:11 EDTRYCEYRolls-Royce to face second inquiry over Petrobras links, Guardian says
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