Rolls Royce

Rare Rolls-Royce electric car returns to factory for repair work

Rare Rolls-Royce electric car returns to factory for repair work

British luxury automobile maker Rolls-Royce has announced that its first electric vehicle (EV) that was rolled out from its production line around half a decade ago has returned to factory for repa

FTSE slipped after crossing 5,900 levels

Uncertainty over A380 engines triggered the slipping of engine maker Rolls Royce shares and the Britain's top shares were pulled down as the investors gained heavily from previous session.

By the 0908 GMT, FTSE 100 slipped by 19.32 points to reach at 5,855.87 but closed at 5,875.19 by gaining 0.4 percent. On Tuesday it just managed to cross 5,900 levels for the very first time since June 6, 2008.

Shares of the Randgold Resources, the Gold miner, jumped sharply after announcing of its third quarter budget but again fell by 2.4 percent later.
The shares of BP also lost 1.2 percent.

Rolls-Royce Achieves Profit but Aero Slowdown

Rolls-Royce, which makes engines and turbines for passenger planes, fighter jets, ships and power stations, posted a 4 percent rise in full-year profit. There was growth in its defense and marine units with a counterbalance of slowdown in civil aerospace resulting in no recovery in aviation markets.

Rolls Royce bags big orders from Air China and Ethiopian Airlines

UK engineering firm Rolls-Royce announced that it bagged orders worth about $2 billion from Air China and Ethiopian Airlines.

Rolls-Royce will supply Trent 700 engines to Air China for a value of $1.5 billion to Air China, which will use them to power 20 A330 aircrafts.

The deal includes maintenance, repair and overhaul of the engines.

Second order was from Ethiopian Airlines, which ordered Trent XWB engines worth $480 million. Ethiopian Airlines will use the engines to power 12 Airbus A350s.