Feb 22 (Reuters) - Rolls-Royce Holdings will this week unveil plans to return more than 1 billion pounds ($1.35 billion) to investors, Sky News reported on Sunday. Reuters could not immediately verify
Rolls-Royce Plans $2 Billion Share Buyback, Sky News Reveals
Rolls-Royce Share Buyback Announcement
Feb 22 (Reuters) - Rolls-Royce Holdings is expected to announce alongside its annual results this week that it will launch a fresh share buyback worth as much as 1.5 billion pounds ($2.02 billion) to investors, Sky News reported on Sunday.
Reuters could not immediately verify the report. Rolls-Royce did not immediately respond to a request for comment outside regular business hours.
Profit Guidance and Financial Performance
Rolls-Royce upgraded its full-year profit guidance at the half-year stage last July, increasing the top end of its operating profit guidance by 300 million pounds to 3.2 billion pounds and its free cash flow by 200 million pounds to 3.1 billion pounds, according to its latest guidance.
Previous Share Buyback Initiatives
Rolls-Royce had launched a 1 billion pound share buyback around this time last year, as it reported results.
Currency Exchange Rate Information
($1 = 0.7417 pounds)
(Reporting by Disha Mishra in Bengaluru; Editing by Ros Russell)
