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1 pence a share, the first cut for 24 years

Bush in 2004. Politics, they, too, are a minority, accounting for 24% of the electorate. And though they voted overwhelmingly for Romney, they would not go as far as some on the right wanted to take them.CNN’s Belief Blog: The faith angles behind the biggest storiesOnly a quarter of white evangelicals believe that abortion should always be illegal, and opposition of Todd Akin in Missouri and Richard Mourdock in Indiana to abortion even in cases of rape seem to have cut into their white evangelical base.

Chief Executive Warren East, appointed in 2015 to revive the ailing British industrial icon, is grappling with falling revenue from older engine programmes and the need to invest more in new technology, for example to power the A330neo aircraft.After announcing that full year underlying pretax profit halved to 813 million pounds, East said on Tuesday that further change was required and promised to set out his long term vision for the business in the coming months.we have made good progress in our cost cutting and efficiency programmes, more needs to be done to ensure we drive sustainable margin improvements within the business, he said.Rolls Royce cheap canada goose outlet canada goose outlet canada goose outlet , which makes engines for wide body civil jets, and defence and marine customers, said it expected performance improvements this year and would aim to keep its free cash flow at a similar level to 2016.Last year, after a string of profit warnings, Rolls halved its dividend to 7.1 pence a share, the first cut for 24 years.It maintained the final payout at the same level this time. Chief Financial Officer David Smith said it appropriate to increase it given the demands for cash on the business.Rolls is developing new engines for the Airbus A350 1000 and A330neo, and it is targeting a more than 50 percent share of the widebody installed base by the early 2020s.East said the group had made good progress in ramping up production, increasing rates to around 500 large engines in 2017 from 357 last year.MARINE BUSINESS SINKS One top five investor in Rolls, Baillie Gifford, backed East strategy, which achieved 60 million pounds in savings in 2016.are heartened to see that he is as focused on the culture of the business as on the strategy, a spokeswoman said, also welcoming efforts to turn the page on bribery allegations.FILE PHOTO Rolls Royce Trent XWB engines, designed specifically for the Airbus A350 family of aircraft, are seen on the assembly line at the Rolls Royce factory in Derby, November 30, 2016. REUTERS/Paul Ellis/Pool/File Photoare confident that the company will now put these issues behind them and the strategic turnaround of Rolls Royce will remain firmly on course.All of Rolls divisions posted a drop in underlying profit, including a 60 percent slump in civil aerospace, while its marine business fell into the red.The company has been hit by a slowdown in high margin aircraft engine servicing, in part caused by the reduced use of older aircraft, and lower sales of its Trent 700 engine that powers the Airbus A330, which is being superseded by the A330neo.However, East said growing demand for long haul air travel and the roll out of new engines such as the Trent XWB, 1000 and 7000, gave him confidence in his civil aerospace strategy.Slideshow (2 Images)Prospects are not as bright for its marine business, which has been hit by weak demand from shipping and energy customers.

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