What Happened
British Industrial Giant Diversifies Portfolio Amid Share Price Stability
Rolls-Royce is expanding its industrial footprint through a GBP 1.4 billion nuclear supplier programme and a new engine contract with Philippine Airlines. The company has also closed a USD 1 billion investment phase in Indiana and seen its share price hold near yearly highs. According to reports, Bernstein has lifted its target to 1,600p, as the company continues its buyback programme. This development was first reported by Unknown Source.