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Rolls-Royce boss says no to break-up

London

ROLLS-Royce Holdings plc Chief Executive Officer Warren East said a review begun when he took over in July has concluded that the engine maker is better off retaining its current focus, resisting investor calls for a break-up and rejecting arguments for re-entering the narrow-body market.

Some 60 per cent of Rolls's non-aerospace revenue comes from businesses with good competitive positions, Mr East said in an investor briefing, arguing that the nuclear sector is fast growing and that even the...

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