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...A stronger Rolls-Royce would benefit all stakeholders, he insisted, including customers. “I want Rolls-Royce to stand on its own and create a company in this country that no one needs to worry about”....
...“Our drive is to create value for all the stakeholders of Rolls-Royce.”...
...Tony Roulstone Former Managing Director of Rolls-Royce Nuclear; Lecturer on Nuclear Energy, University of Cambridge, UK...
...Rolls-Royce is no newcomer to restructurings. The 117-year-old company’s recent history is marked by successive turnaround plans launched by different chief executives....
...However, unlike Rolls-Royce, they benefit from making higher-margin engines for narrow-body planes....
...“It’s been a really useful discussion which has pushed the thinking,” said Rolls-Royce’s Perry....
...Rolls-Royce is to sell its electric aircraft division and target savings of up to £500mn a year as part of a sweeping shake-up under new chief executive Tufan Erginbilgic....
...Rolls-Royce is relying on cost cuts for some of the growth. It is seeking annual savings of up to £500mn and last month announced plans to cut up to 2,500 jobs....
...“Rolls-Royce knows what we want it to do and it would then re-enter the mix of assessment for our fleet plan,” he said....
...Australia and the UK have signed a defence and security treaty and announced £2.4bn in Australian investment in Rolls-Royce’s nuclear reactor facilities as the two nations tighten ties in the face of rising...
...Erginbilgic has promised to set out longer-term plans next month, a bigger test....
...The revamped 10-year plan, known as the National Biodiversity Economy Strategy, envisages particular financial benefits for Black communities historically excluded from the white-dominated wildlife and conservation...
...Rishi Sunak last week declared it a “moral mission” to reform welfare in the UK, to cut the benefits bill and bring people with health conditions back to work....
...McKinsey, the consultants, were brought in this year to advise Rolls-Royce on the revamp. About half of Rolls-Royce’s workforce is in the UK. The group employs 10,800 in Germany and 5,400 in the US....
...Alan Newby, director of research and technology at Rolls-Royce, said that finding a supply of hydrogen would be one of the industry’s biggest challenges....
...Rolls-Royce said its turnaround plan was starting to deliver as the British engineer raised its profit forecast for the year after a better than expected performance in the first half....
...Rolls-Royce is benefiting from a rebound in long-haul travel that is driving demand for engine maintenance from airlines as well as from its turnaround plan....
...Rolls-Royce’s first-half profits surged fivefold after the rebound in international travel and better pricing for servicing engines helped buoy its performance....
...The new CEO, who starts next month, has previously worked at Rolls-Royce Motor Cars, as CFO of Aston Martin before its stock market listing, and as CFO of the Land and Sea division of Rolls-Royce....
...If we average the gains achieved by the Stoxx 600’s seven highest-performing stocks since the start of 2023, we get a figure of 172 per cent (mainly due to Rolls-Royce)....
...The 47-year-old fears that a government push to cut the welfare bill will strip people such as him of vital financial support, with ministers arguing that many benefits claimants previously assessed as being...
...The £763mn investment, which includes more than £400mn from industry including BAE, Rolls-Royce, Babcock International and EDF, will create about 5,000 new apprenticeships over the next four years....
...The purchase commitments mean 2023 will be the best year for Rolls-Royce in terms of new orders for 15 years....
...Greggs had reaped the benefits of keeping prices low, “as value has become a much more important driver of choice for consumers”, he added....
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