More trouble for Rolls-Royce, with news of problems with its Trent 1000 engines on the Boeing Dreamliner.
Japan's All Nippon Airways said it was repairing five of the 787 jets due to a defect with the engine, prompting a Rolls spokesman to tell Reuters:
We have identified that a component on Trent 1000 engines fitted to Dreamliners has a reduced service life. As a protective measure, this component is being replaced in a number of engines.
With analysts at UBS repeating their sell recommendation ahead of the company's half year results due to its 20% premium to its peers, the shares have fallen 15.5p to 843.5p. UBS said it expected underlying earnings to rise 14%, but added:
Marine margins [are] likely to be under pressure from increased competition, although last year's deferrals should keep sales up. [There could be] signs of slowing aftermarket as older RB211 engines are utilised less/retired.
