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Rolls-Royce Holdings PLC Shares News & Articles

Rolls-Royce unveils huge shake-up as global airline industry faces ‘years’ of struggle

FTSE 100 aero-engine maker Rolls-Royce (RR.) has unveiled plans to axe a third of its 52,000 of its global workforce as adapts to the collapse of the airline industry. Rolls-Royce, one Britain’s best known industrial companies, supplies engines for large aircraft such as the Boeing 787 and the Airbus A350, said on Wednesday that ‘at least 9,000’ jobs would be cut as it closes some of its ...

UK markets higher as Rolls-Royce slashes costs, but oil rally runs into headwind

UK markets made a strong start in this shortened trading week with European equity futures rising this morning as some commentators turn less gloomy. At 9am, the benchmark FTSE 100 index is up 2.7% at 5,563.52, led by aero-engineer Rolls-Royce (RR.), while the rally of the mid cap FTSE 250 is even firmer, jumping 4.6% at 14,752.45.A slowdown in the growth rate of new US coronavirus cases may ...
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