🔴 Rolls-Royce is trading 7.57% down after Safran warned of softening wide-body jet growth

Rolls-Royce is trading at £1,164.20, down 7.57% at the October 23 close, the latest session available on October 26, after French aerospace peer Safran warned of softening growth in the wide-body jet market.

• A report said Rolls-Royce was nearing a potential UK government subsidy deal for a short-haul engine; the deal was not confirmed.
• The decline also occurred amid broader market weakness; the FTSE 100 fell 0.32%.