Sunday 22 October 2017

Rolls-Royce ramps up cost savings as markets remain mixed

Paul Sandle

Rolls-Royce, the British jet engine maker, said it would deliver costs savings at the top end of its £150m to £200m target as it restructures to become more efficient.

The company said the market outlook was mixed. Demand for its engines for extra wide body civil aircraft was strong, but there was further weakening in business aviation and no sign of recovery in offshore oil & gas markets for marine, where its order book remains "very weak", it said on Wednesday.

Reuters

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