Rolls-Royce stock pops in London after fresh buyback disclosure as defence shares surge
Rolls-Royce shares rose 1.95% to 1,283.5 pence in early London trading Thursday after the company bought back 434,889 shares under its £200 million interim programme. The move followed a surge in European defence stocks after U.S. President Trump called for higher defence spending. Rolls-Royce plans to cancel the repurchased shares and will report full-year results on Feb. 26.