Rolls Royce, the British aero-engine manufacturer, unveiled profits of £652m in 2022, £238m higher than the previous year. The increase, which was driven by its civil aerospace and power systems divisions, also reported free cash flow of £505m versus an outflow of £1.5 billion in the prior year. Charlie Huggins, head of equities at Wealth Club, said: “It’s not uncommon for a new CEO to do some kitchen sinking. But when the incoming leader describes the existing business as a ‘burning platform’…
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