For a firm best-known for building engines to make things go forward fast, Rolls-Royce appears to have stopped dead in its tracks. On July 6th, the day after a new boss, Warren East, started work, it was forced to issue another profit warning-the fourth in 18 months. Having made £1.6 billion ($2.5 billion) of pre-tax profits last year, it now expects £1.4 billion, give or take £75m, this year. Unsurprisingly, investors' and analysts' grumbles about the firm's strategy are getting louder.
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