Rolls-Royce Holdings is expected to announce alongside its annual results this week that it will launch a fresh share buyback worth as much as £1.5 billion, Sky News has reported.
Reuters could not immediately verify the report.
Rolls-Royce declined to comment.
Rolls-Royce upgraded its full-year profit guidance at the half-year stage last July, increasing the top end of its operating profit guidance by £300m, to £3.2 billion, and its free cash flow by £200m, to £3.1 billion, according to its latest guidance.
Rolls-Royce had launched a £1 billion share buyback around this time last year, as it reported results.
