Rolls-Royce: 2017 has started well; shares slightly up.
(CercleFinance.com) - Shares in British aircraft engine-maker Rolls-Royce rose almost 1 per cent in early trading on Friday after the company maintained its full-year targets.
In a statement issued before the Paris Air Show, the group said that 2017 has started well, with all businesses performing in line with expectations.
As a result, the group's expectations for first half revenue, profit and free cash flow remain unchanged from that provided in May.
Looking at the year as a whole, against a backdrop of mixed market conditions, Rolls-Royce said it remains focused on growing its free cash flow.
Rolls-Royce plans to meet investors over the next two weeks, principally at the Paris Air Show, which will kick off next Monday.
Shares are currently up 0.8 per cent at 902 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In a statement issued before the Paris Air Show, the group said that 2017 has started well, with all businesses performing in line with expectations.
As a result, the group's expectations for first half revenue, profit and free cash flow remain unchanged from that provided in May.
Looking at the year as a whole, against a backdrop of mixed market conditions, Rolls-Royce said it remains focused on growing its free cash flow.
Rolls-Royce plans to meet investors over the next two weeks, principally at the Paris Air Show, which will kick off next Monday.
Shares are currently up 0.8 per cent at 902 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.