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Rolls-Royce Announces £111M Loss

DALLAS – Rolls-Royce has announced an underlying loss of £111 million before tax for the first half of 2022. The company blamed pressures from soaring inflation brought on by the war in Ukraine and supply chain issues, which it believes will continue throughout the year.

Shares in the FTSE 100 company fell by 10.5% to 82 pence in Thursday’s mid-morning trade in London. The company shares have lost over 35% since the start of 2022.

Still on Track

But Warren East, who will soon step down as the boss of one of the world’s leading engine makers, has insisted that the read more ⇒

Source:: “Airways Magazine”

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