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Rolls-Royce profits hit by engine faults

The engineering firm takes a 554m charge in the first half to fix problems with its Trent 1000 engine.

"A shame for Derby", as Rolls-Royce announces thousands of jobs will go at its headquarters in the city.

The engineering firm will shed the jobs over two years, hitting back office and management roles in the UK.

The jet engine maker has refused to confirm or deny claims that 4,000 jobs are to be axed.

The 200,000 Cullinan will compete with rivals from the likes of Bentley and Lamborghini.

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