Rolls-Royce has launched a £200m 'interim' share buyback scheme after completing a £1bn programme last month.
The London-listed manufacturing giant, which has bases across the º£½ÇÊÓƵ including in Bristol, Coventry, Derby, Barnoldswick in Lancashire and in Washington in Sunderland, said the scheme was expected to run from January 2 until February 26 when it announces its full-year results.
The total quantum of share buybacks for 2026 remains subject to board review, the company said on Tuesday, and approval and is expected to be announced alongside the the firm's results in February.
Rolls-Royce has entered into a non-discretionary agreement with UBS AG London Branch (UBS) which will undertake the programme on its behalf by making market purchases.
The maximum number of shares that may be acquired under the programme is 850,489,698 and was authorised at Rolls-Royce's annual general meeting in May.
Rolls-Royce's share price is up around 90 per cent so far this year after reaching an all-time high of almost 1,200p in September, before falling to 1,114.5p this week.
Last month, the company projected a full-year profit increase of 26 per cent compared to the previous financial year, thanks to significant boosts from its civil aerospace and defence sectors.
The group, which makes engines used in large Boeing and Airbus planes, revised its operating profit forecast upwards, now expecting between £3.1bn and £3.2bn - an improvement on its earlier guidance of £2.7bn to £2.9bn.
The London-listed firm has capitalised on the recovery of international air travel, which has strengthened its civil aerospace division, while escalating geopolitical tensions have led to increased government spending, ensuring steady demand for its defence sector, it said.
