UK's Rolls-Royce confident on profit growth despite supply chain woes
LONDON, Nov 7 (Reuters) - Britain's Rolls-Royce (RR.L), opens new tab stuck to guidance for annual profit growth of at least 30% this year as its airline customers flew more and demand for power for data systems and defence equipment continued to grow.
Rolls-Royce sticks to outlook despite supply chain woes
Rolls-Royce has stuck to its guidance for profit growth this year as a surge in international travel continues to drive demand for its aircraft engines despite persistent supply chain challenges. Shares in the FTSE 100 group fell nearly 4 per cent in early trading in London on Thursday after hitting a new 52-week high of 572.
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