Rolls-Royce shares jump on fresh buyback update as defense stocks rally
Rolls-Royce shares firmed on Thursday after the company disclosed another round of share repurchases, buying 434,889 shares on Jan. 7 through UBS and saying it would cancel them. The purchase, split between the London Stock Exchange and CBOE CXE, was done at prices between 1,244 and 1,268 pence a share, and brings the total bought back since the program began to 1,843,755 shares, the company said.