Ticker: RYCEY

Rolls-Royce CEO Tufan Erginbilgic announced the company's exit from the flying taxi market due to rising costs and regulatory hurdles. The initial cost of £1 million ballooned to £3 million, hampering mass-market viability. Traders should watch this pivotal industry shift.

Rolls-Royce (LON: RR) shares rose slightly after Cathay Pacific's fleet audit revealed engine issues in its A350s, causing flight cancellations. With maintenance ongoing, traders should monitor updates, as this volatility may impact stock performance in the aerospace sector.