Rolls-Royce has issued its 3rd profit warning in just over 12 months, citing reduced oil prices and a fall in demand for some aircraft engines.

The previous profit warning was issued in February, suggesting that the significant, sharp drop 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 £1.5bn.

But on Monday, the firm reduced its profit forecast again, this time between £1.325bn and £1.475bn.


Rolls-Royce said lower demand and pricing for its Trent 700 engines and reduced demand for its business jet engines would hit profits by £300m.


Source: BBC Business