Rolls-Royce recovery revs up, but CEO stays cautious
London
WARREN East's reboot of struggling industrial giant Rolls-Royce Holdings Plc gathered pace as the aircraft-engine maker's first-half profit more than doubled, aided by the chief executive's restructuring plan.
At the same time, Mr East left his 12-month outlook for "modest" performance improvements unchanged in guidance on Tuesday, warning that the London-based company faces production hurdles in the second half that will make or break its year and indicate whether the recovery has truly taken hold.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Indian billionaire Birla said to mull US$1.2 billion in Novelis IPO
Apple’s China iPhone shipments soar 12% in March after discounts
Indian banks to step up IT spends as regulatory scrutiny rises
Puma returns to sales growth in Americas despite ‘volatile’ market
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
AstraZeneca lifts FTSE 100 to record high