Rolls-Royce Holdings PLC hit a new 52-week high, surpassing its previous peak of £6.50, which the company achieved on February 19th.

Rolls-Royce Holdings PLC closed 2.89% short of its 52-week high of £6.50, which the company reached on February 19th.

Rolls-Royce said it would hit its profit targets two years early and launched a £1bn share buyback as the UK aerospace company benefited from strong demand for its jet engines, sending its shares up 15 per cent on Thursday.