Rolls-Royce shares rise nearly 4% after £1.5 billion buyback announcement

An announcement of a new share buyback programme - a kind of dividend to shareholders - worth £1.5 billion (approximately 20 billion kronor) is being welcomed by investors.

Rolls-Royce shares have risen 19 per cent since the beginning of the year and look “exceptionally attractive”, according to analyst David H Perry at JPMorgan.