Shares in Rolls-Royce have begun to recover after shedding over £10bn in value following the announcement of President Donald Trump's tariffs.
The Derby-based group's shares had reached an all-time high of 812p in mid-March before dropping to 635p on Monday, as reported by .
They have since started to bounce back, currently trading at around 666p, marking a 4.75 per cent increase.
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Despite the slump triggered by Trump's tariff announcement last week, it did not entirely erase the gains experienced when Rolls-Royce's share price soared from 606p to over 800p at the end of February and into March.
This surge occurred as Rolls-Royce reinstated dividends and announced a £1bn share buyback programme after full-year profits significantly exceeded expectations.
At the end of February, the FTSE 100 engineering behemoth proposed a 6p per share dividend for investors, its first payout since before the pandemic.
This was announced as underlying profit hit £2.5bn, far surpassing a previous forecast of between £2.1bn and £2.3bn. Revenue of £17.8bn also outperformed analysts' consensus of approximately £17.3bn.
On Friday, Rolls-Royce shares plummeted as much as 10 per cent amid escalating fears of a global trade war.
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The 海角视频 was hit with a ten per cent import tax during Trump's 'Liberation Day' speech, which set the baseline rate.
The decline in the group's share price means the FTSE 100 giant is now valued at around £54bn.
The last time it reached this milestone was in December 2024 and again in January of the current year.
Rolls-Royce part of FTSE 100 recovery
Rolls-Royce's share price has seen a partial recovery, contributing to the FTSE 100's opening 1.5 per cent higher this morning, bouncing back from losses over the past three trading days.
Yesterday witnessed the FTSE 100 plunging more than four per cent as global stock markets grappled with the potential impact of a worldwide trade war.
However, early deals this morning saw the market making a cautious recovery.
The domestically-focused FTSE 250 leapt 1.6 per cent in early deals, while the Stoxx Europe index 600 climbed 1.4 per cent.
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Commodities-focused stocks on the FTSE 100 led the market upwards, buoyed by rising commodity prices. BP saw a 2.6 per cent increase, while mining companies Antofagasta and Glencore both rose by three per cent.
US-focused tech stocks on the FTSE 100, such as Scottish Mortgage Investment Trust and Polar Capital Technology Trump, also posted strong performances this morning.
In other news, the pound increased by 0.46 per cent after hitting a one-year low yesterday of around $1.27.