- Rolls-Royce said trading to date was in line with expectations and that it remained on track to meet its full-year targets.

The company said it remained confident in meeting its underlying operating profit and free cash flow target of £700m +/- £100m. It added that it expected higher cash flow in the second half of the year with higher invoiced engine deliveries and planned inventory reductions in its Civil Aerospace unit.

Rolls-Royce said it was continuing to fix the problems in its Trent 1000 engines, noting that redesigned high-pressure turbine blades would be ready for introduction to the fleet in early 2020. It said its guidance for the cost of fixing the problems remained unchanged.

At 8:39am: [LON:RR.] RollsRoyce Group PLC share price was -3.3p at 912.5p

Story provided by