Rolls-Royce has issued its third profit warning in just over a year، blaming lower oil prices and weaker demand for some of its aircraft engines.
Rolls last issued a profit warning in February، claiming the sharp fall in oil prices had “increased uncertainty for many of our markets and customers”.
It had previously said its 2015 profit would be between £1.4bn and £1.55bn. But on Monday، the engineering firm lowered its profit outlook again، this time to between £1.325bn and £1.475bn.
Rolls-Royce shares had fallen nearly 9% to 780p on the profit downgrade.
Source: BBC/Business