Rolls Royce Group Plc , the world’s second-largest aircraft-engine maker, may report its first decline in annual profit in almost a decade because of the cost to fix faulty A380 superjumbo engines and develop new turbines.
Rolls-Royce Group Plc ’s future chief John Rishton may find his biggest challenge will be to keep his engineers busy beyond 2013, when Airbus SAS and Boeing Co. take a respite from new jetliner projects.
The industrialist praised by Labour Party leader Ed Miliband as “the true face of British business” in a speech that said the U.K. needs “not financial engineering, but real engineering” has just become a banker.
London Mining Plc and African Minerals Ltd. tumbled in London trading after saying they were imposing measures to protect staff and operations in Sierra Leone from an outbreak of the deadly Ebola virus in the country.
Rolls-Royce Group Plc Chief Executive Officer John Rose , who turned the company into the world’s second-biggest aircraft engine maker, will retire next year and be succeeded by Royal Ahold NV CEO John Rishton
Rolls-Royce Group Plc said it will miss its 2010 profit target and Airbus SAS said deliveries of its A380 may suffer next year as the fallout from an engine blowout on the flagship aircraft ripples through the industry.