ValueAct Capital now owns 10.01 per cent of the group
Shares routed and hedge fund’s board hopes rise as profit forecast is set £350m lower
Sewell recounts the story of Henry Royce, the self-taught Edwardian engineer who built the Silver Ghost, and Charles Rolls, the educated aristocrat who was to sell it
The move follows on from the 2010 agreement to enhance defence co-operation including sharing aircraft carriers, joint expeditionary forces and training
British Airways has ordered 18 new Airbus A350 aircraft as part of a move to phase out a fleet of 30 Boeing aircraft over the next 10 years.
It experienced a wretched year that saw its chief executive step down and the failure of one of its engines that could have resulted in the crash of an Airbus plane carrying 469 passengers. Then last week one of its bosses accompanied David Cameron on his ill-fated tour to bang the drum for Britain's defence industry.
We have seen concern over the A380 engines on Qantas. What about other airlines that have the same aircraft/engine combination? The travelling public need assurance that the aircraft we are flying in are safe.
Rolls-Royce has landed a $1.8bn (£1.1bn) order from Air China – a second major deal in the last fortnight that offers a welcome respite from concerns over safety.
The cascade of errors suffered by an Australian airliner were described as unprecedented yesterday, as the British manufacturer of its engines struggled to cope with increasing criticism from within the industry.
Manufacturing giant Rolls-Royce today said it had identified the faulty part behind an engine failure which forced an A380 superjumbo into an emergency landing and was making efforts to fix the problem.
An investigation was under way tonight after a London to Sydney superjumbo with 433 passengers on board made an emergency landing after flames were seen pouring from one of its engines.
Boeing's new "lean and green" Dreamliner aircraft, due to be delivered to a number of UK airlines, has suffered another delay, it was announced today.
David Cameron sparked a diplomatic row yesterday by warning that Pakistan should not be allowed to "promote the export of terror" to the rest of the world. Speaking during a two-day visit to India, the Prime Minister increased the pressure on Pakistan following this week's leak of classified documents about the war in Afghanistan, which suggested that Pakistan's ISI intelligence agency could be supporting the Taliban insurgency.
Plane safety requirements did not cover the particular ice problem which probably caused a Boeing 777 to crash-land at Heathrow Airport two years ago as the risk was "unrecognised at that time", an official accident report said today.