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The Latest Breaking News from Tufan Erginbilgic

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 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

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

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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

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

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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

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

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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

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

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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

CNBC

Birmingham Post

Rolls-Royce names former BP boss Tufan Erginbilgic as new chief executive

He will take over from Warren East who is stepping down after eight years at the helm

The Independent UK

Rolls-Royce names former BP executive as new boss

Tufan Erginbilgic will succeed outgoing chief executive Warren East on January 1 next year.

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