Rolls-Royce to cut 9,000 jobs

Rolls-Royce to cut 9,000 jobs

Britain’s Rolls-Royce will cut at least 9,000 jobs from its global staff of 52,000 and could shut factories to adapt to the much smaller aviation market that will emerge from the coronavirus pandemic. Rolls-Royce, one Britain’s best known industrial names,...
Rolls-Royce to cut 9,000 jobs

Stocks adrift as vaccine rally falters

Asian stocks have struggled to extend the week’s rally and gold and bonds firmed as a sceptical press report dented some hopes for a COVID-19 vaccine and concerns about bumps in the global recovery from the pandemic returned. MSCI’s broadest index of...
Rolls-Royce to cut 9,000 jobs

Alliance Aviation sees big rise in profit

Alliance Aviation shares have soared to a four-month high after announcing it expects to make a $40 million profit before tax this fiscal year, making it a rare aviation company to benefit from the coronavirus crisis. “The board is of the view that this is an...