Rolls-Royce share jump as profit beats expectationsRolls-Royce's profit halved. The FTSE 100 engineering firm said rising profitability across all of its ⁠divisions ​resulted in £2.5bn ​underlying operating profit for the first half, up 46 per cent in the same period last year. It now expects to ​make £4.7bn to £4.9bn in underlying operating ⁠profit, up from its previous targets of between £4bn and £4.2 bn. “We are demonstrating that Rolls-Royce is now a very different company to that of the past,” he said. Rolls-Royce’s defence hopesThe company is also £1.4bn through a £2.5bn share buyback programme for the year, which will then run on until 2028.