Rolls-Royce shares surged over 11% to reach a record high on Thursday 1st August 2024 following the reinstatement of its dividend and an increase in its profit outlook, buoyed by robust first-half results
The British aerospace and defence giant announced an underlying profit of £1.1 billion for the first half of the year and projected this to grow to between £2.1 billion and £2.3 billion for the full year of 2024.
This projection surpasses the previous forecast of £1.7 billion to £2.0 billion made in its full-year results for 2023 and exceeds market expectations.
Rolls-Royce one-year share price as of: 1st August 2024 (12pm)
