Shares in FTSE 100 heavyweight Rolls-Royce are on the rise, having now regained more than half of their value lost following President Donald Trump's tariff declarations.
The Derby-based group's shares are currently trading at approximately 734p, marking an increase of over 10 per cent since the start of today's trading, as reported by .
This is a significant recovery from Monday's recent low of 635p. Prior to Trump's tariff announcement last week, Rolls-Royce shares had been trading at a record high of 812p in mid-March.
The partial recovery coincides with a surge in the FTSE 100 – as markets opened this morning following President Donald Trump's tariff backtrack on Wednesday. London's blue-chip index saw gains of over six per cent – a rise of nearly 500 points.
This followed the FTSE closing down three per cent yesterday, before Trump sent global markets skyrocketing with a 90-day halt on his 'Liberation Day' levies.
Wall Street also made a comeback on Wednesday following the news. The S&P 500 rallied 9.5 per cent and the Dow Jones 7.9 per cent.
The Nasdaq soared over 12 per cent as major tech giants reversed losses. Apple was up 15 per cent and Tesla 22 per cent.
In other news, at the end of February, Rolls-Royce proposed a 6p per share dividend for investors, marking its first payout since before the pandemic.
This came as underlying profit reached £2.5bn, significantly ahead of a previous forecast of between £2.1bn and £2.3bn.
Revenue of £17.8bn also surpassed analysts' consensus of around £17.3bn.
Rolls-Royce recently resumed dividends and launched a £1bn share buyback scheme as its full-year profit significantly exceeded expectations.
