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...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....
...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....
...“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 said annual profits more than doubled last year and forecast further growth in 2024 driven by the recovery in aviation and strong defence spending....
...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....
...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...
...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 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 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....
...Rolls-Royce defended the engine, saying it had “proved again and again to be a winning combination” with the A350....
...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....
...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....
...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....
...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 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....
...The Rolls-Royce boss will, however, end the company’s electric and hydrogen propulsion efforts....
...Rolls-Royce’s first-half profits surged fivefold after the rebound in international travel and better pricing for servicing engines helped buoy its performance....
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