The UK named four companies, including a division of Rolls Royce Plc, to proceed to the next stage of a contest to build the country’s first small modular nuclear power plant, a potentially key technology for reaching net-zero emissions.
UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
Rolls-Royce has named BP veteran Tufan Erginbilgic as its next chief executive officer, replacing Warren East when he steps down at the end of this year.
The Qatar Investment Authority (QIA) has reached a deal with Rolls-Royce to invest in new small-scale nuclear power.
Green hydrogen firm Protium has announced a handful of new board appointments to support its accelerating strategic plans.
London’s blue-chip FTSE 100 Index fell 106.54 points, or 1.73%, to 6,049.62 as Covid-19 continued to weigh heavily on the world’s leading financial markets today.
Rolls-Royce has agreed to sell its loss-making commercial marine business to Norwegian firm Kongsberg for an enterprise value of £500 million.
Plans by Rolls-Royce to cut 4,600 jobs over the next few years have sparked calls to protect posts at the engineering firm’s bases in northern Scotland.
Rolls-Royce Holdings Plc says it will take 12 years to build its prototype small nuclear reactor in the U.K.
Shares in Rolls-Royce rose sharply on Wednesday after the engine maker announced a wide-ranging restructuring that could include a sale of its commercial marine business.
Two former Rolls-Royce Holdings Plc executives pleaded guilty to U.S. charges that they orchestrated international bribes over more than a decade, continuing an Obama-era effort to hold individuals responsible for corporate misconduct.
Rolls Royce today reported a healthy profit for the first half of the year.
Energy service firm Amec Foster Wheeler (AFW) will lead a UK Government funded nuclear power research programme after winning a £2.9million contract.
Around 800 jobs are being axed worldwide at Rolls-Royce as the group announced plans to slash costs in its embattled marine business.
Rolls Royce has said 150 jobs will go from its operations in Norway.
Engine maker Rolls-Royce said it will cut an extra 400 jobs from its marine division due to the continued slump in the price of oil.
German engineering giant Siemens has developed a new turbine for the oil and gas industry based on the Rolls Royce jet engines that have powered thousands of the world's airliners.
Power systems company Rolls-Royce has been awarded a £24million subsea contract for work in Norway. It will supply a module handling system to the subsea construction vessel Aker Wayfarer, which was built in 2010.