FTSE LIVE: Rolls-Royce reveals engine troubles

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Rolls-Royce has warned that it will incur unforeseen additional costs after discovering technical issues with another set of its engines. The news comes on the heels of revelations that it is considering axing up to 4000 workers in a cost-cutting effort. 

Elsewhere ‘big four’ auditor KPMG has been fined £4.5 million by the accountancy watchdog over its audit of insurance firm Quindell.

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