Shares in focus: A smooth ride to profits for Rolls-Royce?

Rolls-Royce shares are flying high, but is the income worth paying for? Phil Oakley investigates.

Ask people what best symbolises Rolls-Royce and they’ll probably talk about the big luxury cars with the famous Spirit of Ecstasy ornament on the bonnet. Yet the car business is now owned by German giant BMW and, in any case, cars were never its bread and butter.

Rolls-Royce was set up by Charles Rolls and Henry Royce in 1906. The backbone of the company has always been aircraft engines. Its Merlin engines acquired legendary status due to being fitted to Hurricane and Spitfire aircraft [...]

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