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...East was chief executive of Rolls-Royce between 2015 and 2022....
...Rolls-Royce will build the nuclear reactors for the submarines for both the UK and Australia....
...East has taken several new roles since leaving Rolls-Royce at the end of 2022, including at a carbon capture developer and a fusion energy start-up....
...Rolls-Royce said annual profits more than doubled last year and forecast further growth in 2024 driven by the recovery in aviation and strong defence spending....
...“Our drive is to create value for all the stakeholders of Rolls-Royce.”...
...The results also surpassed the most recent guidance Rolls-Royce published last July....
...Rolls-Royce’s market cap of about $32bn is dwarfed by $356bn for the Bagsvaerd-based company, according to LSEG data....
...He added: “When I joined Rolls-Royce we had a business where 96 per cent of the revenue depended on setting fire to fossil fuels....
...Graeme Forster, portfolio manager at Orbis, which bought into Rolls-Royce shares about seven years ago, argues that some credit is also due to Rolls-Royce’s “no-nonsense” chair, Anita Frew....
...If he delivers his targets, Rolls-Royce can close this gap....
...Rolls-Royce is to sell its electric aircraft division and target savings of up to £500mn a year as part of a sweeping shake-up under new chief executive Tufan Erginbilgic....
...Tony Roulstone Former Managing Director of Rolls-Royce Nuclear; Lecturer on Nuclear Energy, University of Cambridge, UK...
...Rolls-Royce will also divest assets with the aim of raising between £1bn and £1.5bn over the next five years....
...Rolls-Royce defended the engine, saying it had “proved again and again to be a winning combination” with the A350....
...Rolls-Royce defended its engine, rejecting the suggestion that it was “defective”....
...Rolls-Royce will cut up to 2,500 jobs as part of a global restructuring as the UK engineering group looks to streamline its operations and cut duplication....
...At Rolls-Royce, BMW’s luxury brand, a separate division has been set up to deal with personalised features....
...That would explain why Rolls-Royce has kept its full year £1.2bn-£1.4bn underlying operating profit guidance, which was upgraded in July....
...“It’s been a really useful discussion which has pushed the thinking,” said Rolls-Royce’s Perry....
...This will create problems for Rolls-Royce longer term. But at the moment, the UK jet engine group is at cruising altitude....
...McKinsey, the consultants, were brought in this year to advise Rolls-Royce on the revamp. About half of Rolls-Royce’s workforce is in the UK. The group employs 10,800 in Germany and 5,400 in the US....
...More than 70 per cent of top-end models from automakers such as Bentley, Lamborghini and Rolls-Royce that were purchased in Korea last year were under corporate accounts, according to industry data from...
...Australia and the UK have signed a defence and security treaty and announced £2.4bn in Australian investment in Rolls-Royce’s nuclear reactor facilities as the two nations tighten ties in the face of rising...
...The biggest movers on European bourses on Thursday include drugmaker Indivior, engine maker Rolls-Royce, insurer Beazley and outsourcing group ISS....
...Alan Newby, director of research and technology at Rolls-Royce, said that finding a supply of hydrogen would be one of the industry’s biggest challenges....
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