Rolls-Royce Stock News

Rolls-Royce's share price has held steady over the past few weeks, moving up from a year-to-date low of 1,159p to the current 1,264p. Still, it remains well below its year-to-date high of 1,586p.

Britain ​must back Rolls-Royce's bid to return to the narrowbody jet market to ‌fend off global competition and secure future aerospace jobs, even as the engine maker posts record profits, its industry minister said on Friday.

Rolls-Royce's share price is in a bear market, a trend that accelerated after its top competitors published their earnings. The stock plunged to 1,160p on Friday before stabilizing at 1,220p today, and technicals suggest further downside over time.

Rolls-Royce is nearing a deal for British ​government subsidies of up to £200 million ($267.9 million) ‌to help fund the development of a new engine for short-haul aircraft, with an announcement possible as early as ​next week, the Financial Times reported on ​Friday.

Rolls-Royce share price has been in a strong sell-off this month and is now hovering at its lowest level since June 15. It has slumped by 16% from the year-to-date high as the company contends with several major challenges.

Rolls-Royce stock price has sold off substantially in the past few weeks as the momentum it had earlier this year stalled. It tumbled to 1,404p on Wednesday, down by 11.4% from the highest point this year, meaning that it is in a deep correction.

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British engine maker Rolls-Royce will invest £300 million ($397.9 million) to build and upgrade manufacturing and engineering ​facilities in the UK for aerospace and ‌defence, it said on Monday.