Tag: slumps

Coronavirus: Rolls-Royce reports record loss as travel slumps

Image copyright Getty Images Engineering giant Rolls-Royce, which makes jet engines, has reported record losses after the coronavirus pandemic caused demand for air travel to slump. The firm reported a pre-tax loss of £5.4bn for the first half of this year. Rolls-Royce is in the middle of the biggest restructuring of its business in its history. On Wednesday, it confirmed… Read more →

NatWest slumps to loss on bad loan provision

Image copyright Reuters Image caption Chief executive Alison Rose was appointed in 2019 Banking giant NatWest Group has put aside another £2.1bn in case more people and firms default on loans because of the pandemic. That meant it reported a £770m loss for the first half of 2020. Last year it made a £2.7bn profit. Earlier this month, chief executive… Read more →