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Activist investor ValueAct raises Rolls-Royce stake to over 10 pct

Reuters - UK Focus

LONDON, Nov 19 (Reuters) - Activist investor ValueAct has raised its stake in British engineering company Rolls-Royce to more than 10 percent, regulatory filings showed on Thursday, raising pressure on the troubled company.

The U.S (Other OTC: UBGXF - news) . activist fund has been pressing for a seat on Rolls-Royce's board and is rumoured to want the company to focus on the aero-engine business. It (Other OTC: ITGL - news) also manufactures engines for the marine and power systems sectors.

ValueAct bought a 5.44 percent stake in Rolls-Royce in August.

Rolls-Royce issued its fourth profit warning in just over a year this month and said it could cut dividend payments, sending its shares plunging. (Reporting by Sarah Young; editing by Jason Neely)