The Latest Breaking News from Warren East

Tufan Erginbilgic outlines need for further changes after announcing 57% rise in profits to £650m

Chemicals giant wants to produce zero-carbon electricity to power planned hydrogen systems at Grangemouth refinery

Upgrading its revenue guidance is reassuring after the firm’s failed tilt at GSK’s consumer arm, but things remain volatile

A veteran of BP, Tufan Erginbilgic arrives with a reputation for ‘creation of significant value’

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

Record heat reaffirms urgency to decarbonise, but technical challenge is far greater for aviation than for most other parts of economy

London (AFP) - British aircraft engine maker Rolls-Royce is "championing" the energy transition and the decarbonisation of aviation, its outgoing chief executive Warren East told AFP on Tuesday at the Farnborough airshow.

A union representing Rolls Royce Holdings plc (OTC:RYCEY) workers in the U.K. rejected the company's offer of a £2,000 one-off payment to beat the crippling inflation, the BBC reports. The offer also included a 4% pay hike. The union known as Unite argued that the offer "falls far short of the real cost…