Photographer: Chris Ratcliffe/Bloomberg

Rolls-Royce CEO Faces Biggest Challenge After Slowing Slide

  • East cheers City by maintaining outlook, reporting progress
  • But dividend halved and management cut with more pain to come

Rolls-Royce Holdings Plc Chief Executive Officer Warren East impressed investors enough to send the engine-maker’s stock up the most in 12 years after ending a run of profit warnings and reporting that the beleaguered business is showing signs of stability.

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