Rolls-Royce shares hit fresh highs in 2026 rally as valuation debate heats upLondon,
Rolls-Royce shares climbed to 1,286 pence Thursday, up 8.5% in the first week of 2026. The stock drew retail and institutional interest as defence-linked shares rallied after U.S. President Trump called for a $1.5 trillion military budget. Rolls-Royce reported £0.9 billion of a planned £1 billion buyback completed and reaffirmed 2025 profit guidance. Full-year results are due Feb. 26.