Shares of British aerospace giant Rolls-Royce hit all-time high on upbeat outlook, profit beat

British aerospace group Rolls-Royce reported stronger-than-expected full-year earnings, with a 57% increase in operating profit to £2.46 billion in 2024. The company upgraded its mid-term guidance, now expecting operating profit to reach between £3.6 billion and £3.9 billion, two years ahead of schedule. Rolls-Royce also declared a £1 billion share buyback and reinstated a dividend of 6 pence per share, leading to a surge in its stock price by as much as 19.4%.

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