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Engine maker Rolls-Royce logs record £4b loss

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Mr East says more needs to be done to ensure that the company drives sustainable margin improvements within the business.

London

BRITISH engine maker Rolls-Royce slumped into a record £4-billion (S$7 billion) annual net loss in 2016, ravaged by a Brexit-fuelled collapse in the pound and a corruption fine.

The loss after tax, equivalent to US$5.0 billion or 4.8 billion euros, contrasted with a slender

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