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The Rolls-Royce share price jumped this week Would I still buy?

The Rolls-Royce share price jumped this week Would I still buy?
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Rolls Royce significantly affected by Covid-19 as revenue falls | 11 March 2021

11 March 2021 | 08:57am StockMarketWire.com - Rolls Royce has said its performance in 2020 has been significantly affected by the COVID-19 pandemic as it reports a fall in revenue to £11.8 billion. The underlying revenue of £11.8 billion reflected lower activity and included a £1.1 billion revenue impact from Civil Aerospace LTSA contract accounting catch-ups. The underlying operating loss of £2 billion included £1.3bn of one-off charges largely due to COVID-19 comprising charges for LTSA catch-ups, contracts that have become loss-making in the year and customer provisions. In a statement, the company said: In May 2020 we launched a major restructuring programme to fundamentally re-size the cost base and capital requirements of our Civil Aerospace business. In total we expect the restructuring to lead to the reduction of at least 9,000 roles by the end of 2022, most of which are in Civil Aerospace.

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Rolls Royce significantly affected by Covid-19 as revenue falls

By BFN News | 08:57 AM | Thursday 11 March, 2021 Rolls Royce has said its performance in 2020 has been significantly affected by the COVID-19 pandemic as it reports a fall in revenue to £11.8 billion. The underlying revenue of £11.8 billion reflected lower activity and included a £1.1 billion revenue impact from Civil Aerospace LTSA contract accounting catch-ups. The underlying operating loss of £2 billion included £1.3bn of one-off charges largely due to COVID-19 comprising charges for LTSA catch-ups, contracts that have become loss-making in the year and customer provisions. In a statement, the company said: In May 2020 we launched a major restructuring programme to fundamentally re-size the cost base and capital requirements of our Civil Aerospace business. In total we expect the restructuring to lead to the reduction of at least 9,000 roles by the end of 2022, most of which are in Civil Aerospace.

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EDF:Mobilisation and solidarity during the health crisis; Acceleration of Renewables 2030 target upgraded ; 2020: Resilient EBITDA, 2020-2022 action plan on cost reduction and disposals undertaken ; 2021-2022: Financial targets confirm

EDF:Mobilisation and solidarity during the health crisis; Acceleration of Renewables 2030 target upgraded ; 2020: Resilient EBITDA, 2020-2022 action plan on cost reduction and disposals undertaken ; 2021-2022: Financial targets confirm
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