Rolls-Royce set to post record loss
Rolls-Royce is set to announce one of the biggest ever losses in corporate history this week, according to city analysts.
Reports over the weekend suggest that the company will post a pre-tax loss of £4bn on Tuesday, its worst ever performance, at the end of year that has seen it reeling from Brexit and an alleged corruption scandal.
Rolls-Royce will be forced to follow accountancy rules and write down the value of its currency hedges to mirror sterling's slump. Derby company hedges billions of pounds to protect itself against curr... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
