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City

Rolls-Royce names former BP executive as new boss

Engine maker Rolls-Royce has named former BP executive Tufan Erginbilgic as its new chief executive to succeed outgoing boss Warren East. The group said Mr Erginbilgic will take on the role on January 1 next year. It comes after Mr East announced in ...

26 Jul 2022 at 09:40

City

Rolls-Royce shakes up leadership team amid revival efforts

Rolls-Royce has unveiled a shake-up of its leadership team after launching a strategic review into the company in a bid to become more profitable. Helen McCabe is set to become the British engineering giant’s new chief financial officer, stepping ...

31 Mar 2023 at 11:09

City

Rolls-Royce targets £500m in savings and may sell electric plane division

Engine-maker Rolls-Royce has set out an ambitious new plan to boost its profits which includes an aim of cutting costs by up to £500 million. The business is also proposing to sell the part of its business which is developing electric planes as ...

28 Nov 2023 at 09:01

City

Rolls-Royce to axe up to 2,500 jobs across business

Rolls-Royce is to cut up to 2,500 jobs globally as part of an overhaul under its new boss. Tufan Erginbilgic, who was appointed as chief executive in January, said the shake-up will make the Derby-based engineering giant “a more streamlined ...

17 Oct 2023 at 12:14

City

Rolls-Royce promises more after profits rise as airlines recover

The chief executive of Rolls-Royce said it is “capable of much more” as he launched a strategic review into the company and reported a jump in profit. The engineering giant – known for its plane engines – said the airline industry had ...

23 Feb 2023 at 08:13

City

Rolls-Royce to resume dividends for first time since pandemic as outlook hiked

Engine maker Rolls-Royce has raised its full-year profit outlook and announced plans to resume shareholder dividend payouts for the first time since the pandemic. The group saw shares surge 10% as it cheered investors with news that ...

01 Aug 2024 at 09:47

City

Rolls-Royce says supply chain ‘challenging’ but sales remain on track

Engineering giant Rolls-Royce has said supply chain conditions remain “challenging” but sales are on track amid its transformation programme. The company said it has been supported by strong demand in its civil aerospace business. ...

07 Nov 2024 at 08:57

City

Rolls-Royce says trading ‘strong’ despite tariffs and supply chain issues

British engineering giant Rolls-Royce has hailed a “strong start” to the year despite growing uncertainty due to tariff increases and continued supply chain issues. The London-based company stressed it expects to “offset” the ...

01 May 2025 at 08:09

City

Rolls-Royce says defence spending hike to create more UK jobs ‘without doubt’

The chief executive of Rolls-Royce has said a hike in UK defence spending will bring more jobs, grow the economy and help technology development in the country. Tufan Erginbilgic said defence programmes “contribute to ...

27 Feb 2025 at 09:27

City

Rolls-Royce chief executive’s pay package falls by nearly £10m

Rolls-Royce boss Tufan Erginbilgic took a nearly £10 million reduction in his pay package in 2024, despite leading the engine-maker through a financial turnaround. Mr Erginbilgic’s pay packet was £4.1 million last ...

06 Mar 2025 at 14:24

City

Rolls-Royce to give trading snapshot amid year of dramatic share gains

Rolls-Royce will report back on the latest steps in its impressive turnaround on Thursday as a boom in defence spending has helped propel the stock to record highs in 2025. The group hiked its earnings outlook in ...

07 Nov 2025 at 15:04

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