Rolls-Royce's operating margins have been squeezed in the first half of 2022 as inflationary pressures, supply chain constraints and the war in Ukraine continue to pose a challenge to the business.
The aerospace giant, which has UK bases in Derby and Filton, near Bristol, saw underlying operating profits more than halve to £125m for the first six months of 2022 - down from £307m a year ago. The company said profitability should improve over the final months of 2022, however.
The engine maker said it the expected issues, such as rising inflation and the war in Europe, to persist in 2023.
