0931 GMT - Rolls-Royce is firing on all cylinders, with the unexpected announcement of a 1 billion pound share buyback lighting a fire under the shares, Richard Hunter, head of markets at interactive investor, says. The potent combination of the group's three units--all of which are making significant strides--has led to a headline set of numbers which should keep investors' interest on high alert, he says. This was achieved despite the constraints of supply chain issues for key components which have blighted the entire sector. "Investor appetite for the stock remains undiminished and the market consensus of the shares as buy will almost certainly remain intact." Shares jump 15% to 727.40 pence. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 04:31 ET (09:31 GMT)
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