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Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 423.60
Bid: 424.20
Ask: 424.40
Change: -10.30 (-2.37%)
Spread: 0.20 (0.047%)
Open: 434.20
High: 439.40
Low: 423.60
Prev. Close: 433.90
RR. Live PriceLast checked at -

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Miners drag FTSE 100 lower on China concerns

Mon, 06th Mar 2023 17:24

Clarkson up on upbeat annual profit

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Rolls Royce gains on PT raise

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FTSE 100 down 0.2%, FTSE 250 adds 0.7%

March 6 (Reuters) - The UK's blue-chip FTSE 100 fell on Monday as mining stocks slumped after top metals consumer China's decision to set a modest growth target, while a surge in luxury carmaker Aston Martin's shares lifted the mid-cap FTSE 250.

The export-oriented FTSE 100 fell 0.2%, dragged down by a 3.3% slide in industrial metals miners.

Copper prices were in the red as China set a lower-than-expected gross domestic product target of 5% for the year. Policy sources had recently told Reuters that Beijing could set a range as high as 6%.

"We've got a little bit of caution and we saw commodities a little bit lower because of that modest growth expectation from China which is impacting the general market mood at the start of the day," Giles Coghlan, chief market analyst at HYCM, said.

The domestically-focussed FTSE 250 was up 0.7%, lifted by Aston Martin shares, which rose for seventh straight sessions.

Both the large-cap and mid-cap FTSE indexes had a strong run in the previous week after data showed resilience in the domestic economy and hopes grew that the Bank of England is closer to the end of its monetary tightening cycle.

Among other stocks, Rolls Royce and Flutter Entertainment Plc rose 2.1% and 4.6%, respectively, after brokerages raised their price targets. Shares in Rolls Royce hit their highest level since March 2020.

Although AstraZeneca said a mid-stage trial of its cancer drug Enhertu showed positive results for treating other tumours as well, its stock slipped 0.4%

Clarkson shares rose 1.8% after the shipping services provider reported a strong annual profit. (Reporting by Johann M Cherian and Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips, Shailesh Kuber and Alexander Smith)

More News
31 Oct 2023 07:56

Barclays upgrades Rolls-Royce to 'overweight'

(Sharecast News) - Barclays has raised its stance on engineering giant Rolls-Royce from 'equal weight' to 'overweight' after recent weakness in the share price.

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31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

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22 Oct 2023 10:14

PRESS: Rolls-Royce investors eye corruption scandal compensation

(Alliance News) - Rolls-Royce Holdings PLC may face a class action lawsuit worth GBP350 million from shareholders related to a corruption scandal from back in 2017, the Telegraph reported on Sunday.

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17 Oct 2023 12:06

LONDON MARKET MIDDAY: European markets uneasy but FTSE 100 outperforms

(Alliance News) - London's FTSE 100 higher was higher around midday, though it was defensive stocks such as utilities and pharmaceuticals which led the charge, suggesting there is still lingering discomfort in markets amid tensions in the Middle East.

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17 Oct 2023 09:18

TOP NEWS: Rolls-Royce confirms to axe up to 2,500 jobs to cut costs

(Alliance News) - Rolls-Royce Holdings PLC on Tuesday confirmed media reports that it plans to reduce its number of jobs for restructuring.

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17 Oct 2023 08:49

LONDON MARKET OPEN: Stocks rise as UK wage inflation eases

(Alliance News) - Stock prices in London opened higher on Tuesday, buoyed by an improvement in wider market sentiment amid potential diplomatic developments in the Middle East, as well as encouraging signs wage inflation pressures are easing in the UK.

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17 Oct 2023 07:47

LONDON BRIEFING: Rolls-Royce confirms plan to axe at least 2,000 jobs

(Alliance News) - Stocks in London are called lower on Tuesday, as uncertainty over developments in the Middle East weighs on sentiment.

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17 Oct 2023 07:39

Rolls-Royce to cut up to 2,500 jobs as part of streamlining plans

(Sharecast News) - Engine maker Rolls-Royce said on Tuesday that it will cut up to 2,500 jobs worldwide as part of a plan to streamline the organisation.

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16 Oct 2023 21:42

PRESS: Rolls-Royce set to axe 2,500 jobs in cost-cutting drive - Sky

(Alliance News) - Rolls-Royce Holdings PLC it set to axe 2,500 jobs as part of a cost-cutting plan, driven by its new chief executive, according to Sky News reports on Monday.

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2 Oct 2023 08:46

LONDON MARKET OPEN: Stocks rise; United Utilities and Pennon impress

(Alliance News) - London's FTSE 100 made a solid start to the final stretch of the year, though the mood was still uneasy despite a deal being struck in the US to avert a government shutdown.

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2 Oct 2023 05:59

UK invests GBP4 billion in nuclear-powered submarine project

(Alliance News) - Britain has signed contracts worth GBP4 billion to finance a new phase of the SSN-Aukus next-generation attack submarine project, according to government officials.

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27 Sep 2023 09:18

IN BRIEF: Senior wins 12-year contract extension with Rolls-Royce

Senior PLC - Hertfordshire, England-based auto and aircraft components and systems manufacturer - Senior's Aerospace division wins 12-year contract extension with Rolls-Royce Holdings PLC for the supply of precision machined structures and components. Senior Aerospace Chief Executive Officer Launie Fleming says: "Rolls-Royce is a very important customer for Senior and we are pleased to be awarded this long-term contract extension." Says contract extension begins in January 2026 with manufacturing being undertaken at Senior Aerospace's Ketema facility near San Diego, California.

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27 Sep 2023 08:51

LONDON MARKET OPEN: Stocks flat; bidding war begins for Pendragon

(Alliance News) - The FTSE 100 was tentatively higher at the open on Wednesday but failed to make substantial gains as investors remained cautious amid an uncertain economic backdrop.

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27 Sep 2023 07:47

LONDON BRIEFING: Flutter buys MaxBet stake; LandSec sees strong demand

(Alliance News) - Stocks in London are set to open lower on Wednesday as investors remained in a risk-off mood amid the prospect of interest rates staying higher for longer in the US.

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27 Sep 2023 07:14

Senior secures 12-year contract extension with Rolls-Royce

(Sharecast News) - FTSE 250 engineering and manufacturing group Senior said on Wednesday that its aerospace division has been awarded a 12-year contract extension with Rolls-Royce for the supply of precision machined structures and components.

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