Rolls-Royce chairman Sir Ralph Robins said several expressions of interest had been received for Tyneside-based Parsons Generation Systems and Derby-based International Combustion units. He said he was confident of achieving a sale.
The company announced pre-tax losses of £169m during the six months to the end of June after provisions for disposal of its steam power generation companies.
But operating profits from the ongoing business rose 50% to £96m. First half sales from ongoing businesses rose 19.3% to £1.77bn.
- Financial Times 30/08/96 page 14 (Lex), page 15
- The Daily Telegraph 30/08/96 page 25
- The Times 30/08/96 page 27
- The Guardian 30/08/96 page 16
- The Independent 30/08/96 page 17
