Rolls-Royce (RR.L) share price closes higher on defence bid and buyback update — what to watch next week
Rolls-Royce shares closed up 0.98% at 1,285.5 pence Friday after the company bought back 460,628 shares on Jan. 15 as part of its ongoing repurchase program. Defence stocks rose in London following Ukraine-related developments. Rolls-Royce has now repurchased 4,632,900 shares at an average 1,262.56 pence each. Full-year results are due Feb. 26.