Rolls-Royce buyback impact fades before July 30 cash review
Rolls-Royce Holdings plc has now spent about £1.034 billion, or 45%, of its £2.3 billion buyback so far. The firm paid an average price last week that was within 0.3% of Berenberg’s 1,430p target. With the gap closing, the buyback looks less like cheap share retirement and more like a difficult capital-allocation call.