Article: Rolls-Royce warns its profits are set to stall.(Business)(Financial report)

Article from:
Daily Mail (London)
Article date:
November 4, 2009
Copyright

Byline: Karl West

JET engine maker Rolls-Royce spooked investors by saying profit is likely to be flat this year and there were no signs of a sustained recovery in its main aviation and defence markets.

Rolls reported a pretax profit of [pounds sterling]872m in 2008, on sales of [pounds sterling]8.7bn.

The group is forecast to record profits of about [pounds sterling]852m this year.

In a third quarter update, Rolls' chief Sir John Rose said: 'Global economic activity remains depressed.

'While some emerging economies have shown signs of recovery, there is no evidence yet of a sustained and general return to growth across the ...

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