Rolls-Royce shares plunge

Shares in aerospace group Rolls-Royce have sunk 20 per cent after it warned “sharply weaker demand” would hit its profits, reports BBC.
It said profits this year would be at the low end of expectations, while next year it would face £650million of “headwinds” - more than previously forecast.
Rolls-Royce is carrying out a review of its business, which it said was likely to involve job losses among its 2,000 senior managers.
It has previously announced 3,600 job cuts across the group.
Rolls-Royce also said it would review of its shareholder payments policy, signalling the possibility that dividend payments could be cut. By mid-morning, shares in Rolls-Royce were down 134.5p at 532.5p. The company’s shares have now nearly halved since April.
In July, the company warned lower deliveries of its Trent 700 engine would affect profits in 2016 and 2017.
It also said at the time that profits in 2015 would be between £1.325billion and £1.475billion.

Rolls-Royce shares plunge

Shares in aerospace group Rolls-Royce have sunk 20 per cent after it warned sharply weaker demand would hit its profits, reports BBC. It said profits this year would be at the low end of expectations, while next year it would face 650million of headwinds - more than previously forecast. Rolls-Royce is carrying out a review of its business, which it said was likely to involve job losses among its 2,000 senior managers. It has previously announced 3,600 job cuts across the group. Rolls-Royce also said it would review of its shareholder payments policy, signalling the possibility that dividend payments could be cut. By mid-morning, shares in Rolls-Royce were down 134.5p at 532.5p. The companys shares have now nearly halved since April. In July, the company warned lower deliveries of its Trent 700 engine would affect profits in 2016 and 2017. It also said at the time that profits in 2015 would be between 1.325billion and 1.475billion.