Rolls-Royce increases cost-saving plans
Rolls-Royce has raised its cost-saving targets in a bid to cut between £150m and £200m from its budget.
The aero engine maker said the savings would be at the top end of its target amid a challenging period ahead.
The company said demand for its engines for extra wide body aircraft had stayed strong.
However, Rolls was losing ground in business aviation, while problems in offshore oil and gas markets meant its marine orders were "very weak".
In a trading update, the group maintained its outlook for lower revenues as well as profits this year.
Chief executive Warren East said:... read more
- 13:58 Show your support at Pride in Sutton event
- 13:58 Vienna Festival Ballet presents Cinderella at Auditorium
- 13:58 Coventry gang stole £38,000 from hotel bedrooms across Britain
- 13:58 Tesco to cut petrol and diesel prices by 2p ahead of Mother’s Day
- 13:58 Prince’s Trust team smashes target
- 13:58 LIVE: Red Nose Day 2017 across the Harrogate district
- 13:58 REVEALED: The East Midlands’ favourite beauty spots
- 13:58 Ofsted: Inspiring Tadcaster school earn high praise
- 13:58 Dereck Chisora confirms heavyweight rematch: He will return to ring...
- 13:57 McDonald's branch in Carlisle closed for a month for refit
- 13:57 PS4 games news: CHEAP new sale items are too good to turn down
- 13:57 Children left without heating after break-in at school
- 13:57 Take That split? Gary Barlow speaks out on dwindling band members...
- 13:57 More ‘smart motorway’ work to begin next week
- 13:57 Can YOU see the hidden portrait? Japanese psychologist reveals...
- 13:57 Man United Transfer News: Mourinho jets abroad to sign £35m man,...
- 13:57 Prince’s Trust team smashes target
- 13:57 Students to make Tour trophy from chocolate
- 13:57 Watch: Drugs raid and police crackdown sees four arrested across...
- 13:57 Karen completes charity challenge to swim length of English Channel...
- 13:56 More ‘smart motorway’ work to begin next week
- 13:56 Did robbery victim bang on your car window?
- 13:56 Stockport County v Tamworth: Players and fans are urged to believe
- 13:55 More ‘smart motorway’ work to begin next week
- 13:54 Westminster terror attack: Police make two more 'significant' arrests
- 13:54 Woman robbed by man holding a jagged metal can
- 13:53 Syrian SDF forces reach Tabqa dam-Raqqa campaign spokeswoman
- 13:53 Syria's Ja'afari says U.S. action on Raqqa would be illegitimate
- 13:53 Flowers for fallen hero
- 13:53 Watch: Slideshow of your Hartlepool Red Nose Day pictures.