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Britain's Rolls-Royce ​needs a decision ‌from the UK government soon on ​whether it ​will provide a ⁠subsidy to help ​the engineering ​company develop a new engine for narrowbody ​aircraft, said ​its CEO.

Rolls-Royce builds customized vehicles for customers at its factory in Goodwood, England. Clients can choose from tens of thousands of customization options, from color to woodwork.

Rolls-Royce share price has moved in a tight range in the past few months and is hovering around its all-time high. It was trading at 1.480p today, July 7, after rising by 52% in the last 12 months.

The FTSE 100 Index remained in a tight range in June as investors focused on the UK's political situation, Bank of England (BoE) action, and the US and Iran situation. It rose to 10,500 points, up by 3.70% from its lowest level in June.

JP Morgan has raised its price target on Rolls-Royce Holdings PLC (LSE:RR.) to 1,625p from 1,500p, pointing to a brighter outlook for the engineering group's Power Systems arm.