A 12-month share price gain of more than 230 per cent is not unheard of in UK markets, but it’s more common among smaller, racier technology stocks than a FTSE 100 heavyweight such as Rolls-Royce (RR.).
The Derbyshire-based engine maker has experienced an even more rapid appreciation than US chipmaker Nvidia (up 200 per cent), which isn’t bad for a company that chief executive Tufan Erginbilgic described as a “burning platform” within weeks of taking charge in January.