Rolls-Royce boss pushes for UK taxpayer support for new jet engine

Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planesThe chief executive of Rolls-Royce has pressed ministers for taxpayer support for a new jet engine, on a day the company also announced record profits and promised to give up to £9bn back to shareholders.The £3bn engine project, designed to power smaller commercial planes, would allow Rolls-Royce to re-enter the lucrative short-haul flights market. Continue reading...