While Rolls-Royce has lost billions and continues to burn through cash, investors will take some limited reassurance from this set of results. Chief executive Warren East forecast that the company will turn cash positive in the second-half of this year, and that the number of hours its engines spend in the air – a vital metric as the company only earns money when planes fly – will increase this year, although only to 55% of pre-pandemic levels.
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HMRC slammed as phone line waits get even longer
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It has used an answer by text service and told MPs that it did not have the resources to...
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Bars and restaurants struggle with staff isolating
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Ian Payne, chairman of the nationwide Stonegate group of pubs, wrote on social media that the chain has around...
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US to ban American investments in China tech sector
admin, , Business, 0
But Ms Bauerle Danzman, a professor of international studies at Indiana University, said despite US efforts to target its...
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Inflation: Food and furniture cost drive inflation higher
admin, , Business, 0
As cuts in VAT for hospitality and tourism end at the end of March and energy prices rise, “that...
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Rental market unusually uncertain, Nationwide says
admin, , Business, 0
“As well as the enormous uncertainty surrounding the near-term path for the economy, there is also scope for the...
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Rail passengers told to avoid travel in heatwave
admin, , Business, 0
Jac Starr, chief executive of the Rail Delivery Group, said: “During hot weather, it’s really important to carry water...
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UK job vacancies highest for a year as lockdown eases
admin, , Business, 0
The pattern is, though, as uneven as the lifting of the restrictions. Hospitality and retail jobs are still well...
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