LOSING POWER

Feb 2014: Rolls-Royce says 2014 profits will be flat after a decade of growth Oct: Warns on falling 2014 revenues, 2015 profits flat at best Nov: Plans announced to cut 2600 jobs Feb 2015: Cuts 2015 guidance again because of the worsening economic environment July: New boss Warren East reduces 2015 profit guidance yet again — no guidance for 2016