21st Dec 2015 06:56
LONDON (Alliance News) - Rolls-Royce Holdings PLC Chief Executive Warren East has raised concerns about new risks to the performance of the group's diesel engine business, the Financial Times reported on Sunday.
According to the report, East voiced "disquiet" about trading conditions in the unit. The diesel engine business is the only part of the broader aerospace group to have avoided a downgrade in the past five profit warnings, the FT noted.
"If you look at our competitors in our reciprocating engines part of the business, there have been some fairly serious downgrades on next year,? East said in an interview with the FT. "When I look at that, I do have a feeling of a little bit of disquiet...I've got to say, that?s a risk area."
http://www.ft.com/cms/s/0/bc3650c8-a729-11e5-955c-1e1d6de94879.html#axzz3uw2gL7s6
By Samuel Agini; [email protected]; @samuelagini
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