Rolls-Royce Holdings plc Stock Price Slips Despite New UK Investment in Rotherham
Rolls-Royce shares fell 1.4% to 1,166 pence by midday Tuesday, despite announcing a £21.3 million investment to double output at its Rotherham turbine-blade plant. The drop followed a recent record high after strong profits and a planned buyback, as rising oil prices and a wider market selloff weighed on economy-sensitive stocks.