Rolls-Royce soars to £1.6bn profit with cost cuts 'well under way'

Engine-maker says it has made £150m of its £400m to £500m savings target, with up to 2,500 jobs to go Business live - latest updates The British engine-maker Rolls-Royce has said cost-cutting plans that will result in it axing up to 2,500 jobs by the end of next year are "well under way", as it swung to a £1.6bn underlying operating profit for 2023. The aerospace engineering specialist's results for last year compared with £652m in 2022, helped by cost savings and better-than-expected reven...