Rolls Royce leads blue chips plunge as sterling falls - The Irish News
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Rolls Royce leads blue chips plunge as sterling falls

Engine maker Rolls-Royce has posted the biggest loss in its history after it slumped into the red by £4.64 billion after being hit by the pound's plunge and a corruption scandal. The blue chip giant said the mammoth pre-tax loss for 2016 came after it was forced to make a £4.4bn write-down from the collapse of the pound since the Brexit vote, as well as its £671 million penalty to settle bribery allegations PICTURE: Rolls Royce/PA
Ben Woods
LONDON'S top-flight index slipped into the red as shares in Rolls-Royce plunged after the embattled engine maker reported one of the biggest losses in UK corporate history. The blue chip giant slumpe[...]

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