The outlook gets better and better at Rolls-Royce

With fingers in various highly lucrative pies, maybe the firm becoming LSE’s most valuable isn’t as fanciful as it seems

Tufan Erginbilgiç, the chief executive of Rolls-Royce, seemed to be getting ahead himself when he said a year ago that the engine-maker had the potential to become the most valuable company on the London Stock Exchange.

Yes, everyone knows about the remarkable turnaround. Rolls was a corporate calamity during the Covid shutdown of global aviation, then a tenfold increase in the share price followed under Erginbilgiç. But it still required a leap of imagination to think the firm could challenge the very top of the capitalisation charts one day.