The spectre of tariffs is stalking Europe today after Donald Trump announced last night he will soon hit goods made in the European Union with tariffs of 25%.
It’s quite a turnaround since Covid-19 buffeted Rolls-Royce, which makes and services jet engines, runs a defence arm, and produces a range of power and propulsion products, including small modular nuclear reactors and nuclear propulsion plants for the Royal Navy’s nuclear submarines.
Based on our 2025 guidance, we now expect to deliver underlying operating profit and free cash flow within the target ranges set at our Capital Markets Day, two years earlier than planned.
The Transport Secretary, Heidi Alexander, is due to announce today whether she has granted a development consent order which could allow more than 100,000 extra flights a year at the West Sussex airport.
The BBC reports that on Tuesday Alexander told the annual dinner of trade body Airlines UK in London that she had “no intention of clipping anyone’s wings,” and said aviation was good for growth, adding:.