Rolls-Royce Holdings plc presents update on review of operations

Rolls-Royce has presented the initial findings of Chief Executive Warren East’s review of operations including further details on the actions being taken to improve disclosure and transparency. The review of operations founds clear areas for business improvement for an organization with a complex business model and high embedded costs. One of the findings was that previous disclosure “undermined confidence in the business model in the face of changing markets conditions in several businesses”. Going forward, the company hopes that “enhanced disclosure and simplification will help improve transparency while reducing costs and inefficiencies”. Rolls-Royce also announced proposals to increase revenue segmentation,