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Rolls-Royce shares soar 15% after profit forecast upgrade and £1 billion buyback announcement.
Rolls-Royce's shares surged by over 15% after the company upgraded its profit forecast and announced a £1 billion stock buyback.
The positive outlook boosted the FTSE 100 and was driven by improved financial performance and plans for increased UK defense spending.
In contrast, WPP's shares fell over 15% due to a decline in client spending.
Rolls-Royce also resumed dividend payments, marking a significant recovery from the financial difficulties caused by the pandemic.
Despite strong gains, some analysts remain cautious about the company's long-term prospects.
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Las acciones de Rolls-Royce se elevan un 15% después de la actualización de las previsiones de beneficios y el anuncio de recompra de £1 mil millones.