Rolls-Royce Share Price Slides Again Despite Fresh Buyback as FTSE Selloff Deepens
Rolls-Royce shares fell 2.44% to 1,161 pence Friday, extending losses and leaving the stock 18% below its February peak. The drop came as European markets slid and traders priced in a likely Bank of England rate hike. Rolls-Royce bought back 2.47 million shares this week as part of a planned £7–9 billion program. The company recently raised profit targets after 2025 operating profit hit £3.5 billion.