Rolls-Royce reports 4% rise in profits

Rolls-Royce, the world's second-largest aircraft-engine maker, has reported a 4% rise in profits, beating analysts expectations.

It also raised its dividend. Retiring CEO Sir John Rose said the bulk of provisions for compensation to Qantas following disruptions to A380 services late last year was included in the 2010 results.

It is estimated that figure could be as high as £50m but some analysts reckon it could go higher, particularly if Airbus gets into the action.

Julia Caesar reports.

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