Rolls-Royce shares nosedive after fresh Trent 1000 incident

Shares in Derby-based Rolls-Royce dropped by 3.5% during trading on Monday after reports of parts of one of its Trent 1000 engines falling off a plane taking off from Rome.

Trading in Rolls-Royce shares closed down over 27p at 752.2p yesterday.

The incident happened on Saturday morning when a Boeing 747 with 298 passenagers on board was taking off from Rome for Los Angeles. It was forced to return immediately due to an engine problem with fragments up to 5cms long falling from the plane during an emergency landing.

Norwegian airlines called the incident a “technical problem”, while Rolls-Royce said it was “aware of the event” and is working with Norwegian to “provide support and technical assistance.

Rolls-Royce has set aside £1.6bn to solve the problems surrounding its Trent 1000 engine, which first emerged in 2016.