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Rolls-Royce: new captain plots course to higher profits

Favourable trends are putting the wind under the wings of chief executive Tufan Erginbilgic’s turnaround
Chief executive Tufan Erginbilgic has promised to bring discipline to Rolls-Royce

A mother’s response when a child declares they want to become a pilot when they grow up? You cannot do both.

Joking aside, maturity problems have plagued UK aero-engine maker Rolls-Royce for years. Chief executive Tufan Erginbilgic, in the job since the start of the year, promises to bring discipline. Wednesday’s profit upgrade sent shares higher by as much as 20 per cent.

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