- Rolls-Royce said it had received an approach from Indra to acquire a majority stake in engine manufacturer ITP Aero.

Rolls-Royce, which was confirming media speculation, said the approach was a preliminary indication of interest subject to a number of conditions

'ITP Aero is a key partner for Rolls-Royce, and Rolls-Royce intends to retain a long-term relationship with the business across its civil aerospace and defence programmes,' the company said.

At 1:13pm: [LON:RR.] RollsRoyce Group PLC share price was -2.2p at 894.8p

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