Rolls-Royce to reveal results after dismal 18 months

rolls royce to reveal results after dismal 18 months

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.

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