Rolls-Royce announces £1.5B buyback
Rolls-Royce announced a 1.5 billion pound share buyback and reaffirmed its full-year profit guidance amid strong engine demand. Large engine flying hours grew 4 percent year on year, lifting company shares.
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ROLLS-ROYCE HOLDINGS PLC announced a £1.5 billion share buyback on Thursday morning after reporting a large engine order backlog of 2,500 units. The British engineering firm reaffirmed its full-year guidance on strong civil aerospace demand. The capital return underscores robust cash generation across the manufacturer's core divisions.
