Rolls-Royce's Massive Stock Buyback & Soaring Profits
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Rolls-Royce Holdings unveils a £9 billion stock buyback, raising midyear earnings targets due to surging demand for aircraft engines and data center power systems. The company plans to complete £2.5 billion of the buyback this year, with shares reaching an all-time high in London trading. Under CEO Tufan Erginbilgic, Rolls-Royce forecasts underlying operating profit of £4.9-5.2 billion by 2028, with margins potentially reaching 20%. The company also declared a dividend of 5p per share and is exploring a £1.6 trillion market for smaller engines.
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