Rolls-Royce is FTSE 100’s biggest faller as Cathay Pacific inspects A350 fleet

Shares in engineering firm slide as airline cancels flights after finding engine component failure on aircraft

Shares in Rolls-Royce, the leading British engineering company, were the biggest faller on the FTSE 100 on Monday after Cathay Pacific Airways identified an engine component failure on an aircraft and began inspecting its entire Airbus A350 fleet.

The Hong Kong-based airline, which has cancelled 24 return flights so far while it performs the precautionary" checks, said a number of aircraft would be out of service for several days. Shares in Rolls-Royce closed down 6%.