Rolls-Royce Group has released its results for H1 2014, indicating a slight decline in revenue. The OEM reports a current order book worth £70.4bn which is a decline of 2%. Underlying revenue was $6.8bn, a decline of 7%. Underlying pre-tax profit was down 20% at £644 million, while reported pre-tax profit is £717 million. Rolls-Royce also announced the sale of the Energy business to Siemens, the completion of which is expected by the end of 2014. A £1bn share buyback is conditional on the sale’s completion. The company also agreed the acquisition of Daimler’s 50% ownership of Power Systems, and
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