Rolls-Royce Shares Rise on Increased Profit Forecast
UKPulse Money Desk
Rolls-Royce shares have risen following the aero-engineering firm's announcement of an expected underlying operating profit of £4.7 billion to £4.9 billion for this year.
- Rolls-Royce expects underlying operating profit of £4.7bn to £4.9bn this year.
- This forecast surpasses previous expectations.
- The firm attributes the profit boost to data centres and defence spending.
Rolls-Royce shares have seen an increase today after the aero-engineering firm revealed an updated profit forecast. The company now anticipates an underlying operating profit between £4.7 billion and £4.9 billion for the current year, a figure that exceeds earlier forecasts.
This projected boost in profits is reportedly driven by performance in data centres and increased defence spending.