That show of state support enabled a wider refinancing that got Rolls through its financial crisis and ensured that the “burning platform”, as Erginbilgiç called it, was still intact when he arrived in 2023 to lead what has been the most astonishing improvement at a major UK company in years. The share price has risen from 90p to almost £13.52, up another 3% as Thursday’s full-year numbers came (yet again) with raised guidance on medium-term profits. Rolls is now the UK’s fifth most valuable listed company.