1342 GMT - Rolls-Royce has shaken off any concerns that its recovery story might lose momentum, as its results and upgraded guidance show that is not the case, AJ Bell investment director Russ Mould writes. It's no longer about stabilizing the business, with the narrative shifting to growth, and Rolls-Royce is making solid progress, he says. The company expects bigger profit margins across its civil aerospace, defense and power systems markets, and orders are piling up for areas like small modular reactors and submarines. "Rolls-Royce is delivering every bit of good news imaginable, and it's no wonder the share price has hit a new record high." Shares rise 18% to 745 pence. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 08:42 ET (13:42 GMT)
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