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Rolls-Royce On Track for Share Buyback

2014-11-13 12:33:32| Industrial Machines - Topix.net

Rolls-Royce Holdings PLC expects to complete the sale of its energy gas turbine business to Siemens AG by year-end, clearing the way for a A 1 billion share repurchase. The British turbine maker also said on Thursday that it is sticking to full-year guidance earnings guidance which it had lowered earlier this month when it announced a major cost cutting drive to boost profitability.

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