Rolls-Royce issues another profit warning

This week FTSE 100 engineering giant Rolls-Royce issued its fourth profit warning in less than 18 months. What's gone wrong, and is it worth buying?

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Rolls-Royce: locked in a downward spiral?

This week FTSE 100 engineering giant Rolls-Royce(LSE: RR)issued its fourth profit warning in less than 18 months, and halted its half-finished £1bn share buyback programme, just days after new chief executive Warren East took the helm. The company had expected to make £1.4bn-£1.55bn profit in 2015, but it cut its expectations to £1.325bn-£1.475bn.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri