Rolls-Royce Holdings plc (RR.L, RYCEY.PK) announced that trading in the first quarter has been consistent with the Group's expectations. The Group continues to expect modest growth in underlying revenue and good growth in underlying profit in full year, with cash flow around breakeven. Guidance for the business segments remains unchanged, the Group said.
Rolls-Royce also announced the appointment of Tony Wood as President - Aerospace. He replaces Mark King who has decided to resign from the company at the end of June. Tony, presently President - Marine, has worked for Rolls-Royce for 12 years. The Group appointed Lawrie Haynes, currently President - Nuclear, to a new position, President - Marine & Nuclear.
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