Reginal Thomas
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Rolls Royce Is Preparing For A 1 Billion Pound BuyBack


In an effort to restore investors confidence, Rolls Royce announced it will return 1 billion pounds to shareholders, instead of buying another company. Rolls Royce shares climbed 7.4% after it made the announcement. The stock has dropped 17% in value over the last six months. Espirito Santo analyst Edward Stacey said, The buyback is good news because it shows the company is committing itself t very tight capital disciple, prioritizing rewarding shareholders ahead of expanding the footprint. This is exactly the message we were looking for after a challenging six months”