Rolls-Royce, a prominent jet engine manufacturer for commercial aircraft along with power systems for ships and submarines and other major projects posted an underlying operating profit of £1.6 billion in 2023, compared to £652 million in 2022. Rolls-Royce was the top performer in the UK’s FTSE 100 in 2023, climbingRead More →
Rolls-Royce, the British manufacturer of aircraft engines, amongst many other products announced on Tuesday 16th October 2023, that it plans to axe up to 2,500 jobs worldwide. The company said that the decision is part of its plans for a simpler, more streamlined, and more efficient organisation. The job cutsRead More →
Profits up! Rolls-Royce share price soared by 20% in july 2023 after it raised its profit guidance and reported strong demand in its jet engine and defence businesses. The company, which makes engines for aeroplanes, ships and submarines, repoertedly said it expects to make between £1.2 billion and £1.4 billionRead More →
The first transatlantic flight using 100% sustainable aviation fuel (SAF) is scheduled to take off on Tuesday, 28th November 2023. UK Government funded project The flight is operated by Virgin Atlantic and will fly from London’s Heathrow to New York’s JFK airport. The flight is part of a UK government-funded projectRead More →