27 February 2025
Britain's Rolls-Royce lifted its mid-term targets to reflect its confidence in future profit growth after a plan to improve engines and cut costs helped its results beat expectations, pushing its shares up 15%.
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Rolls-Royce Holdings plc (RR.L)
735.80
+104.80
Rolls-Royce is to hand £1.2bn to shareholders after the engineering giant’s chief executive smashed his profit targets two years early.
Tufan Erginbilgic on Thursday said the business was moving “with pace and intensity” as he stormed past a milestone previously pegged for 2027.
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