Shares in Rolls-Royce have fully rebounded from the plunge they took when President Donald Trump sent global markets into a tailspin by announcing a series of tariffs at the beginning of April.
The FTSE 100 heavyweight experienced a significant drop in its share price following the US president's so-called "Liberation Day" on 2 April, as reported by .
The announced tariffs caused shares in the Derby-based group to fall from 779.4p on 1 April to 635.8p by the close of trading on 7 April.
This decrease in Rolls-Royce's share price resulted in more than £10bn being wiped off its market capitalisation.
However, since then, its share price has been steadily recovering and has now exceeded its pre-"Liberation Day" level. Shares in Rolls-Royce are currently trading at around 783p, giving the group a market capitalisation of £66.4bn.
This price is still below the all-time high of 812.8p that the group reached in mid-March.
Although Rolls-Royce did experience a substantial drop in its share price following the tariff announcement, their value never fell below where they had been trading before a significant spike in value at the end of February.
That increase, triggered by promising financial results and a Ukraine defence summit, saw its share price soar from 6062p to 805.2p within days.
Shares in Rolls-Royce began to bounce back on 8 April, and the group surpassed the £60bn valuation mark on 22 April.
At the start of May, Rolls-Royce expressed confidence that it would achieve an underlying profit of nearly £3bn in 2025.
The London-headquartered engineering behemoth maintained a previously guided underlying profit range of between £2.7bn and £2.9bn.
It is also projecting a free cash flow of between £2.7bn and £2.9bn.
