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The Latest Breaking News from Tufan Erginbilgic

Rolls-Royce says trading ‘strong’ despite tariffs and supply chain issues

The London-based company stressed it expects to ‘offset’ the impact of announced US tariffs and is taking mitigating actions.

Evening Standard

Rolls-Royce chief executive’s pay package falls by nearly £10m

Tufan Erginbilgic had received a £7.5 million buyout in company shares the previous year, to make up for him leaving his old job in private equity.

Evening Standard

Rolls-Royce says defence spending hike to create more UK jobs ‘without doubt’

The engine manufacturer’s boss said more military spending will ‘contribute to economic growth’ as its shares soared on a recovery in profit.

Evening Standard

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Rolls-Royce shares soar as group to hit profit targets ahead of schedule

Rolls-Royce will reach its midterm profit targets two years earlier than planned

The Independent UK

Rolls-Royce says supply chain ‘challenging’ but sales remain on track

The company said it has been supported by strong demand in its civil aerospace business.

Evening Standard

Rolls-Royce tops FTSE 100 as turnaround plan helps profits take off

CEO Tufan Erginbilgic says ‘there is no silver bullet’ as he pledges further improvement

Evening Standard

FTSE 100 Live: Index closes flat, Rolls-Royce up 5% on new long-term goals

Rolls-Royce shares have continued their strong run after chief executive Tufan Erginbilgic set out his mid-term profit ambitions for the engines giant.

Evening Standard

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Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the U.K. jet engine maker

The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel. Rolls-Royce, based in Derby, central England, didn't disclose where jobs will be cut.

WEKU

Rolls-Royce is cutting up to 2,500 jobs in an overhaul of the UK jet engine maker

Jet engine maker Rolls-Royce says it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out

The Independent UK

Rolls-Royce CEO who once described the company as a ‘burning platform’ is planning to cut up to 2,500 white collar jobs

Rolls-Royce, whose customers include world governments and British Airways, has been tightening costs under CEO Tufan Erginbilgic’s leadership.

Fortune

Rolls-Royce reports bumper profits after the CEO recently called it a 'burning platform' in need of saving

The company was hit hard by the COVID-19 pandemic, but it has since turned a corner.

Fortune

Rolls-Royce should have been quicker to raise prices, boss says, after profits surge

Decision to increase charges for servicing jet engines feeds £673m earnings and jump in share price

The Guardian - UK

Rolls-Royce shares soar amid boom in travel and defence demand

Engineering firm expects big jump in profits after post-Covid revival in airline flying hours

The Guardian - UK

Rolls-Royce ready to rejoin smaller jet engines market, says boss

Tufan Erginbilgic says move may take a decade until next generation of single-aisle planes are produced

The Guardian - UK

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The Guardian - UK

Rolls-Royce appoints first female finance chief in boardroom shake-up

Helen McCabe joins from BP where she worked alongside Rolls-Royce CEO Tufan Erginbilgic

The Guardian - UK

Top marks for ambition, but new Rolls boss still has to set hard targets

Tufan Erginbilgic is saying the right things but the engine-maker’s performance is still a shocker

The Guardian - UK

New Rolls-Royce boss launches strategic review despite profits rise

Tufan Erginbilgic outlines need for further changes after announcing 57% rise in profits to £650m

Birmingham Post

Revenue and profit hike at Rolls-Royce as change programme gathers pace

Newly installed chief executive Tufan Erginbilgic says engineering giant must move at pace to create a high-performing and competitive business

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The Guardian - UK

Rolls-Royce is a ‘burning platform’ that must transform, says new CEO

‘We underperform every key competitor out there,’ staff are told in global address by Tufan Erginbilgic

Birmingham Post

Rolls-Royce on 'path to investment' after repaying £2bn debt

In its latest trading update, the aerospace giant confirmed it had sold off its engineering business ITP Aero

Birmingham Post

Rolls-Royce appoints new chief executive to power systems division

Dr Jörg Stratmann will join the aerospace company in November

Birmingham Post

Rolls-Royce profits hit by inflation and war in Ukraine

Operating margins at the engine maker have been squeezed in the first half of the year

The Guardian - UK

Unilever demonstrates an impressive degree of pricing muscle

Upgrading its revenue guidance is reassuring after the firm’s failed tilt at GSK’s consumer arm, but things remain volatile

The Guardian - UK

Can Rolls-Royce’s new boss rev up its fortunes?

A veteran of BP, Tufan Erginbilgic arrives with a reputation for ‘creation of significant value’

Benzinga

Benzinga Before The Bell: Walmart's Outlook Cut, Apple's Self Driving Car Dreams, Coinbase's SEC Investigation And Other Top Financial Stories Tuesday, July 26

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