Aero-engine giant Rolls-Royce has cut its dividend by 50% after a torrid year.
The company, which has issued a string of profit warnings over the year, also announced profits in line with the guidance it gave last year, albeit at the lower end of the range it outlined.
The chief executive said it had been a year of considerable change for the company.
Rolls-Royce employs more than 21,000 people in the UK, with more than 12,000 employed at its Derby aerospace engines and submarines division.
Last year, the company announced 3,600 job cuts and warned that some of its 2,000 senior managers would depart.
