Rolls-Royce shares soar on upbeat profit forecasts

Engine-maker restores dividend as chief executive hails company's transformation from burning platform'

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Rolls-Royce has continued its remarkable resurgence, raising its profit forecasts and restoring shareholder payouts, in a half-year results statement that sent the engine-maker's shares roaring to their highest level in more than a decade.

Revenues climbed by 19% to 8.2bn, boosted by the post-Covid recovery in civil aerospace, while pre-tax profit almost doubled from 524m to 1bn when stripping out exchange rate effects.