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Engine maker Rolls-Royce logs record £4b loss

Published Wed, Feb 15, 2017 · 09:50 PM

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 profit of £84 million in the 2015, the company said in a results statement.

Rolls took a vast £4.4-billion hit from the …

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Companies & Markets

Engine maker Rolls-Royce logs record £4b loss

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million

Boeing reports first revenue drop in 7 quarters as deliveries decline

Volkswagen to keep China market share stable as price war rages

COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill

Tesla profits tumble but shares rise on new vehicle plan

Volvo Cars see good demand this year after higher Q1 unit sales

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