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Cost cuts, asset sales keep Rolls-Royce on track despite weak travel

Cost cuts, asset sales keep Rolls-Royce on track despite weak travel
oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.

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Rolls Royce Reports YTD Operational, Financial Performance In Line With Expectations

LONDON (dpa-AFX) - Rolls-Royce Holdings plc (RYCEF.PK, RR.L, RYCEY.PK) said it is confident that the significant restructuring actions it took in 2020 would deliver permanent cost reductions, positioning ....

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Rolls-Royce says its pre-tax loss widened to £2.91 billion in 2020.

The aerospace and defence firm reports £11.82 billion of revenue.
The British multinational s shares jumped 4% in premarket trading.
Rolls-Royce Holdings plc (LON: RR) said on Thursday that its pre-tax loss widened in 2020 amidst the COVID-19 pandemic that weighed on its revenue. The company also warned that the ongoing health emergency makes it harder to predict future performance with confidence at the moment.
Rolls-Royce shares jumped roughly 4% in premarket trading on Thursday but lost almost half of the intraday gain on market open. Including the price action, the stock is now exchanging hands at £1.14 per share. In comparison, Rolls-Royce had started the year 2021 at a per-share price of £1.03. The price action should come in handy if you are interested in investing in the stock market. ....

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Rolls-Royce CEO: Worst is now behind us

By Reuters Staff
1 Min Read
FILE PHOTO: Warren East, CEO of Rolls Royce, speaks at the Confederation of British Industry s (CBI) annual conference in London, Britain, November 19, 2018. REUTERS/Toby Melville
LONDON (Reuters) - Rolls-Royce’s chief executive said the worst was now behind the company after it posted a 4 billion pound ($5.57 billion) loss for 2020.
“2020 certainly marks the low point. We think that the worst is now well behind us,” Chief Executive Warren East told reporters on a call on Thursday.
($1 = 0.7179 pounds) ....

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Rolls Royce Names Former Deloitte Partner Kakoullis As CFO

The pandemic has shattered Rolls-Royce s finances because it is paid by airlines on a flying-hours basis, and the company warned in January that the start of this year was even more difficult than expected., , rolls-royce, COVID-19, Sandy Morris ....

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