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Rolls-Royce Plunges To Worse-Than-Expected $5.6 Billion Loss

Rolls' model of charging airlines for the number of hours its engines fly meant much of its income dried up last year when travel stopped. In 2020, it secured a total of 7.3 billion pounds in debt and equity to help it survive.

Norway Suspends Rolls-Royce Asset Sale On Security Grounds

BW Online Bureau

Companies & Markets Sector Reports

Bergen Engines makes medium-speed gas and diesel engines for marine and power generation customers. It employs about 950 people and had revenue of 239 million pounds ($332 million) in 2019.

Rolls-Royce Names Former Deloitte Partner Kakoullis As CFO

BW Online Bureau

Companies & Markets Sector Reports

The pandemic has shattered Rolls-Royce's finances because it is paid by airlines on a flying-hours basis, and the company warned in January that the start of this year was even more difficult than expected.

HAL, Rolls-Royce expand partnership with MRO and supply chain MoUs

Raj Kantak

HAL, Rolls-Royce expand partnership with MRO and supply chain MoUs

Pandemic Tests Rolls-Royce Resilience After Prolonged Engine Trouble

BW Online Bureau

Companies & Markets Sector Reports Auto

Engine makers were locked in a long-running chess game even before the pandemic, which analysts say Rolls entered more dependent on out-of-favour intercontinental jets than its most direct rival General Electric.

Coronavirus Pandemic Worsens 2020 Outlook For Rolls-Royce

BW Online Bureau

Companies & Markets Sector Reports Auto

Shares in Rolls-Royce were down 7% to 118.5 pence at 0834 GMT, paring some of the 80% gains the stock has made since positive vaccine news emerged in early November.

Rolls-Royce, Infosys announce strategic partnership for aerospace engineering in India

Raj Kantak

Rolls-Royce, Infosys announce strategic partnership for aerospace engineering in India

Rolls-Royce To Temporarily Close Factories, Cut Benefits

BW Online Bureau

Companies & Markets Sector Reports Auto

Rolls Royce staff were notified last week by email that the company was looking at new measures in its current cost-cutting drive to cope with the collapse in aircraft demand in the aftermath of the COVID-19 pandemic

Rolls-Royce To Deliver 29 MW Gas Power Plant For Dhamra LNG Regasification Terminal In India

BW Online Bureau

Rolls-Royce Taps Shareholders For 2 Billion Pounds, Adds Debt To Survive Crisis

BW Online Bureau

Companies & Markets Sector Reports

The pandemic has battered Rolls's finances as airlines pay the company according to how many hours its engines fly in wide-body jets.

Rolls-Royce Shares Hit 2004 Low Over Mooted $3 Billion Equity Raise

BW Online Bureau

Companies & Markets Sector Reports Auto

The company has a plan to sell assets to try to raise at least 2 billion pounds and said it is also looking at new debt options.

Rolls-Royce Plans $1.9 Billion Share Issue To Bolster Finances

BW Online Bureau

Companies & Markets Sector Reports Auto

The British aerospace engineer is expected to pursue a rights issue with new shares offered to existing investors at a discount to the market price

Rolls-Royce Posts Cash Outflow Of 3 Billion Pounds In First Half

BW Online Bureau

Companies & Markets Sector Reports Auto

The British company, which makes engines for the Boeing 787 and Airbus 350, said it expected to see an improvement in the second half, resulting in free cash outflow for the full year of about 4 billion pounds.