cnbc_topnews

Rolls-Royce hikes guidance as it benefits from both the defense boom and AI data center buildout

📰 source: cnbc_topnews · 💼 business

rolls-royce hiked its full-year profit and cash flow guidance after strong first-half earnings. underlying operating profit hit £2.5b, up 46%, and revenue rose 24% to £11.3b. the new profit forecast is £4.7-4.9b, up from £4-4.2b, and free cash flow is seen at £3.8-4b, up from £3.6-3.8b. shares rose 6%.

the company is benefiting from two big trends: higher defense spending and ai data center buildout. cfo helen mccabe said data center power orders grew over 50% in the first half, as operators seek backup power. she also cited long-term defense commitments from the uk and nato. ceo tufan erginbilgic said the transformation is delivering and unlocking new growth.

why it matters: defense and ai data demand drive rolls-royce's upgraded guidance, signaling a broader industrial shift.

source: cnbc_topnews
sentiment: +0.70 · impact: 0.60

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects