Rolls-Royce to give its 42,000 employees £700 of shares.

Since the changes, the firm’s fortunes have changed, with its revival in recent months pushing shares to a all-time of 501p on Thursday, after the business upgraded its profit forecast and reinstated its dividend for the first time since the pandemic.

“These results have been made possible thanks to your hard work and our collective actions. You are making the difference. It is therefore important that you share in our success.”, Mr Erginbilgic told employees in the memo.

“That is why we are giving you the opportunity to own part of Rolls-Royce.

“We want to recognise your contribution to our future success and reward you for the role you will play in it,” he added.

Russ Mould, investment director at AJ Bell, said Rolls-Royce had delivered “one of the most impressive turnarounds in living memory”.

“It’s certainly unusual for a company of its size to be able to produce such strong share price returns, but that just goes to show that Rolls-Royce was once stuck in a very deep hole and it has managed to climb back out,” he added.