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Rolls-Royce Holdings PLC Shares News & Articles

Rolls-Royce targets £400m of savings, AVEVA rallies but Petra Diamonds falls as new shares flood market

There’s a major business shake-up underway at Rolls-Royce (RR.) as the FTSE 100 aero-engineer confirms that it will cut 4,600 jobs as part of a plan to simplify its business and save £400m a year by the end of 2020. Those hoped-for streamlined costs go down well with investors, sending the stock more than 3% higher in early trade on Thursday to 854p, topping the FTSE 100 leader ...

Market report: RBS agrees $4.9bn penalty to satisfy US regulators; BT slumps on growth return plans

Banking group Royal Bank of Scotland (RBS) has agreed to pay a $4.9bn fine to resolve a US probe into its past sale of mortgage-backed securities. This is a far smaller penalty than many investors feared the bank would have to pay, with some estimates predicting up to $12bn in fines. This sends shares in RBS jumping more than 5% to 290.6p in early trade on Thursday, one of the FTSE 100’s ...
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