UK's Rolls-Royce confident on outlook despite Middle East disruption

Rolls-Royce said it remains confident of meeting its annual forecasts despite disruption from the war in the Middle East. The company also expects to fully mitigate the financial impact of the conflict, reducing near-term earnings risk. The update is supportive for sentiment but does not include any new quantitative guidance changes.

Analysis

Rolls-Royce said it remains confident of meeting its annual forecasts despite disruption from the war in the Middle East. The company also expects to fully mitigate the financial impact of the conflict, reducing near-term earnings risk. The update is supportive for sentiment but does not include any new quantitative guidance changes.