Summary
SHARES in engineering and aerospace giant Rolls-Royce revved up 8 per cent yesterday as the group soared past City expectations with a forecast-beating 9 per cent jump in underlying interim profits.
The stock closed up 32.75p at 408p as the group unveiled a profit of GBP 445 million against GBP 410m last time, as the City decided the outperformance outweighed the company's warning that recession would continue to affect its markets.See the full content of this document
Extract
Rolls-Royce Results Please City Despite Note of Caution
The City consensus profit expectation for the six months to end- June was ...
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