Rolls-Royce upbeat despite Marine slowdown - UPDATE

Engine and power systems giant Rolls-Royce has maintained its outlook for the full year despite lowering its assumptions for underlying growth in the Marine division.

Engine and power systems giant Rolls-Royce has maintained its outlook for the full year despite lowering its assumptions for underlying growth in the Marine division.

The news comes as the group announced the retirement of its Chief Operating officer (COO) Mike Terrett at the end of 2012 after five years in that position.

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