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...There have been other changes since Erginbilgic formally took the helm at Rolls-Royce in January. Some shareholders have previously questioned whether Rolls-Royce should sell the power-systems unit....
...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....
...The new chief executive of Rolls-Royce has made a paper profit of close to £22mn on his holdings in the British engineer following a powerful rally in its share price....
...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....
...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...
...If he delivers his targets, Rolls-Royce can close this gap....
...Rolls-Royce will also divest assets with the aim of raising between £1bn and £1.5bn over the next five years....
...At Rolls-Royce, BMW’s luxury brand, a separate division has been set up to deal with personalised features....
...Rolls-Royce defended its engine, rejecting the suggestion that it was “defective”....
...That would explain why Rolls-Royce has kept its full year £1.2bn-£1.4bn underlying operating profit guidance, which was upgraded in July....
...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....
...The Rolls-Royce boss will, however, end the company’s electric and hydrogen propulsion efforts....
...The best-performing share in the FTSE 100 this year is one of our holdings, Rolls-Royce: the share price is up more than 127 per cent....
...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....
...Rolls-Royce’s first-half profits surged fivefold after the rebound in international travel and better pricing for servicing engines helped buoy its performance....
...The boom in travel and tourism pushed up volumes for Rolls-Royce’s civil aviation division....
...Rolls-Royce is benefiting from a rebound in long-haul travel that is driving demand for engine maintenance from airlines as well as from its turnaround plan....
...John Rose Former Chief Executive, Rolls-Royce Holdings PLC (not a shareholder) Advisory Board COP28, London SW13, UK...
...Rolls-Royce’s closest rival Bentley will be bringing its first all-electric car to market in 2025. In launching Spectre now, Rolls-Royce has arrived first to market....
...Letter in response to this article: Britain is prey to muddled thinking on nuclear power / From John Rose, Former Chief Executive, Rolls-Royce Holdings PLC (not a shareholder), Advisory Board COP28, London...
...While conservative stocks such as Lloyds, GSK and Rolls-Royce are popular with AJ Bell’s over-65 clients, chipmaker and AI darling Nvidia was the fourth most popular buy in the year to date, after its share...
...Erginbilgic, who is in the middle of a radical transformation of Rolls-Royce, told reporters at the show that progress was being made....
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