French aircraft engine maker Safran's Chief Executive Olivier Andries said on Tuesday he saw an appetite from Britain's Labour Party government to work with the European Union on industrial policy.
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.
French jet engine maker Safran reported higher third-quarter revenue on Friday, driven by growth in its core engine business, and reaffirmed its 2026 outlook.
MTU Aero Engines CEO Johannes Bussmann warned on Thursday that diverging French and German fighter aircraft requirements could threaten the company's engine partnership with France's Safran after the collapse of the Future Combat Air System (FCAS) programme.
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