Rolls-Royce saw its order book up £2.8bn to £76.5bn in H1 15. Underlying revenues were however down 3% to £6.3bn (H1 14: £6.5bn) and most significantly underlying profit before tax was down 32% to £439m (H1 14: £646m). The RoS was down 3.2 percentage points to 7.3%, largely reflecting the H1 15 revenue mix and a higher R&D charge. Continuing with its progressive dividend policy the payment to shareholders is increased to 9.27p per share, up 3%. Looking
