Shares in Rolls-Royce have fallen around 7.8% in trading today following yet another profit warning – the third in less than two years. This latest warning comes as Rolls Royce also announced a suspension of its share buyback program, which is only at the halfway point at this stage. This latest warning is likely connected to the arrival of Warren East as CEO as he clears the decks for the future. Rolls-Royce cut its earnings target for 2015, with group underlying pre-tax profit now expected to be between £1.33bn and £1.48bn, from a previous range of £1.4bn to £1.55bn. The
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