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Rolls-Royce all-electric aeroplane heading for record breaking flight in coming weeks Rolls is confident that the batteries developments driving the Spirit of Innovation into the air are “very similar” to the characteristics that air-taxis will require Rolls-Royce Holdings PLC (LON:RR.) said its all-electric aircraft will take to the air “within weeks”, ahead of a wider launch of the battery technology into the flying car and air taxi market.  Named ‘Spirit of Innovation’, the twin-propeller vehicle is claimed to be the fastest electric plane in the world, going for a run in the ...

FTSE 100 little changed despite resurgence of aerospace-related stocks Companies Follow John on: FTSE 100 little changed despite resurgence of aerospace-related stocks Rolls-Royce and IAG were the top blue-chip risers, even as the pandemic stubbornly refuses to go away FTSE 100 down 6 points AstraZeneca little changed after a spate of regulatory announcements Former Post Office boss resigns from boards of Morrisons and Dunelm London has got off to a quiet start to the week despite the best efforts of AstraZeneca PLC (LON:AZN), which has issued three releases. The FTSE 100 was down 7 points (...

11 March 2021 | 08:57am StockMarketWire.com - Rolls Royce has said its performance in 2020 has been 'significantly affected by the COVID-19 pandemic' as it reports a fall in revenue to £11.8 billion. The underlying revenue of £11.8 billion reflected lower activity and included a £1.1 billion revenue impact from Civil Aerospace LTSA contract accounting catch-ups. The underlying operating loss of £2 billion included £1.3bn of one-off charges largely due to COVID-19 comprising charges for LTSA catch-ups, contracts that have become loss-making in the year and customer provisions. In a state...

11 March 2021 | 16:36pm StockMarketWire.com - A strong start to the trading day in the US helped the FTSE 100 erase its lunchtime losses to trade 0.2% higher at 6,736.96 by the close. At 4.30pm UK time the S&P 500 was up 1.4% to 3,954.48 as yesterday's weaker than expected inflation number and the passing of a big US stimulus package helped boost sentiment. Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to 'Covid costs', despite a rise in sales and revenue for the high street supermarket chain. Its shares ticked dipped 1% to 175.25p. Rolls R...

UK stocks open 1% higher on vaccine optimism; oil strength