Emirates Airline tells Rolls-Royce: Go back to basics, get engines right

The head of Dubai’s Emirates has urged Rolls-Royce to go “back to basics” and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits.

Shares in the British engineering firm rose after CEO Tufan Erginbilgic unveiled a strategy on Tuesday to revive the engine maker’s fortunes including a sharp increase in profit margins and “value-driven pricing,” suggesting higher servicing bills.