Rolls-Royce shares soar to all-time high on reinstated dividend, raised profit guidance
Shares of Rolls-Royce jumped more than 11% to hit an all-time high on Thursday after the company reinstated its dividend and raised its profit forecast on the back of strong first-half results. Shares had pared gains slightly to trade 8.8% higher by 8:24 am London time. The British aerospace and defense company reported underlying profit of £1.1 billion ($1.4 billion) in the first half of the year, and said it expects that figure to rise to between £2.1 billion and £2.3 billion for 2024, ahead of market expectations.
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