Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Rolls-Royce Warns Defence Cuts To Take Toll On 2014 Revenues And Profits

Recommended Posts

http://www.theguardian.com/business/2014/feb/13/rolls-royce-defence-cuts-2014-revenues-profits

Rolls-Royce warned that revenue and profit would be flat in 2014 – its first year without growth for a decade – as defence cuts in major markets take their toll.

The engine maker said this year would see a "pause" in revenue and profit growth after a strong 2013 and that sales would pick up again the following year. Its shares tumbled more than 10% in early trading, wiping £2bn off its market capitalisation.

The chief executive, John Rishton, said: "This is a break in a 10-year trend that will be followed by more growth in 2015. In the last two years we have surprised on the upside in terms of defence performance.

"We have defied gravity for a couple of years compared with other defence companies and the impact of a couple of things is coming together in 2014."

Private company profits struggling because taxpayers cut back spending.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   206 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.