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...East was chief executive of Rolls-Royce between 2015 and 2022....
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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....
...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....
...Rolls-Royce has said its annual profits more than doubled in 2023 and forecast further growth in 2024, extending a powerful rally in its share price over the past year....
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...Rolls-Royce, headed by new chief executive Tufan Erginbilgiç, said it saw “significant scope for us to deliver materially higher profit, cash flows and returns” following a post-pandemic rebound in the aviation...
...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....
...Investors in Rolls-Royce, who in recent years have had little reason to celebrate, are in a cheery mood at the start of the new year....
...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....
...A more rational approach is required. Rolls-Royce has achieved reasonable scale; less discounting is needed....
...Tony Roulstone Former Managing Director of Rolls-Royce Nuclear; Lecturer on Nuclear Energy, University of Cambridge, UK...
...Executives at Rolls-Royce expect UK regulators will take four and a half years to assess the safety of its design for a small modular reactor....
...Rolls-Royce left the market more than a decade ago when it pulled out of a joint venture with Pratt & Whitney of the US. P&W remains the most obvious partner, according to analysts....
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...Rolls-Royce defended the engine, saying it had “proved again and again to be a winning combination” with the A350....
...A picture caption in this article has been updated to say that one of the images is the interior of a Rolls-Royce Phantom, rather than a Bentley...
...that the company had “just closed a deal this morning”....
...Restructurings at Rolls-Royce are a bit like British trains. There are plenty of them but they do not always reach their destination. The failure of past turnarounds does not bother Tufan Erginbilgic....
...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....
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