Rolls-Royce updates shareholders at AGM

At the company’s Annual General Meeting (AGM), Rolls-Royce Chief Executive Warren East expressed his confidence that the restructuring actions taken in 2020 would deliver permanent cost reductions that would position the company well for the rebound in international air travel. He confirmed that the company had made good progress on the targeted £1.3bn of annualised cost savings, adding: “We are progressing well on our disposal programme with an encouraging range of interested parties for ITP Aero and will provide an update when appropriate.” In an operational and financial update, Rolls-Royce confirmed that performance to date was line with expectations across