Sumary of Rolls-Royce to reveal results after dismal 18 months:
- Rolls-Royce investors could be forgiven for being nervous about the company’s half-year results, which will come out next Thursday.
- This is more than likely to have continued to hit Rolls’ civil aerospace arm.
- ‘ To counter the downturn Rolls raised extra cash and embarked on a huge cost-cutting plan that included slashing 9,000 jobs and selling parts of the business worth £2billion.
- Hoy added: ‘We’re expecting an update on Rolls’ progress on the disposal of ITP Aero and whether or not it’s on track to deliver on its target of £1.3bn savings per year.