Rolls-Royce CEO, Warren East, has revealed the initial findings of his review of operations, which includes an update on the company's profit forecast for 2015 and the outlook for 2016.
Following the announcement, the British engine maker’s shares dropped more than 23% to a low of 510p at one stage before closing on Friday at 514p – down from a high of 709p on November 4. Rolls-Royce blamed falling demand for corporate jets in Brazil, China and South East Asia following China’s economic slowdown, as well as the slump…
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