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Rolls-Royce (RR.L) was gliding at the top of the FTSE 100 this morning following a strong set of interims.
It returned to profit in the first half of 2021, but warned that the pandemic-hit international aviation industry is not set to recover until after 2022.
Still, the vehicle maker faces pressures: "There is no question that Rolls-Royce continues to face significant challenges due to the slow summer for aviation given its recent decision to ask its 19,000 staff to take unpaid leave for two weeks as it strives to preserve cash," said Michael Hewson, chief market analyst at CMC Markets.