Rolls-Royce slips on GE read-across

Rolls-Royce Holdings PLC (LSE:RR.) was the biggest FTSE 100 faller today, sliding on the back of a weak outlook from General Electric for the first quarter of 2024. Shares dipped 2.3% to 301.8p, having risen over 170% over the past 12 months, as GE’s first-quarter profit forecast for the combined operations fell short of Wall Street estimates. The company's predicted earnings per share of 60 to 65 cents a share was below the 70-cent average of analyst estimates compiled by Bloomberg. Results from London-lis ...