FTSE LIVE: Rolls-Royce restructure plan puts 4600 jobs at risk


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The troubled engine maker Rolls-Royce has announced a wide ranging restructure that puts 4600 jobs at risk as it seeks to cut costs by £400m. It has faced repeated troubles with its key Trent 1000 plane engine over recent years.

The market as a whole is in red territory as investors digest an interest rate rise by the US Federal Reserve. 

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