Most recently, we could see a surge in the value of the company's shares at the opening of the stock market on Wednesday, after the company announced that the Spanish government had approved their planned sale of ITP Aero to a private equity-led consortium.

The sale was already scheduled to take place in September 2021 for a sum of 1.7 billion euros to a consortium led by Bain Capital. The long-planned transaction, which had to be approved by Spain, is expected to take place within a few weeks.

Rolls-Royce said ITP will remain a key strategic supplier and partner for both civil and defence programmes.

Movement of Rolls-Royce Holindgs PLC’s price in the last five years. (Source: Investing)

Sources: Reuters, Investing, CNBC