Rolls-Royce share price slips as £200m buyback grinds on and valuation debate returns
Rolls-Royce shares fell 1.3% to 1,264 pence in early London trading after the company disclosed further buybacks under its £200 million programme. The drop follows a sharp rally that pushed the stock to a twelvefold gain since January 2023. Analysts flagged the forward P/E ratio at 44.2 as “exceptionally high” ahead of full-year results due Feb. 26.