Engineering group Dyson has reported record profits in 2014, driven by demand in Asia and a strong performance of its new technology. The company, which made its name manufacturing distinctive bag-less vacuum cleaners, said profits were up 13% to £367m. It now sells 90% of its products outside the UK with a turnover rising to nearly £1.4b. Dyson said it had doubled the size of its business in China. It has a strong presence in other Asian markets, such as Japan and also showed strong sales in Europe. Sir James said "We spent an additional 40% on research and development last year and now spend £3m a week as we develop expertise in entirely new areas."