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Rolls-Royce CEO ends M&A speculation

Shares up as engine maker opts for £1b share buyback

[LONDON] Rolls-Royce Holdings plc, the second biggest manufacturer of jetliner engines, signalled that it is ready to sit out a boom in industrial mergers, opting instead for a £1 billion (S$2.1 billion) share buyback.

Rolls-Royce shares rose the most in almost two years after chief...