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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: 453.40
Bid: 453.20
Ask: 453.40
Change: 2.40 (0.53%)
Spread: 0.20 (0.044%)
Open: 451.10
High: 457.10
Low: 449.80
Prev. Close: 451.00
RR. Live PriceLast checked at -

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Miners, oil drag London stocks lower after modest China rate cut

Tue, 20th Jun 2023 17:20

Miners down as metal prices fall on strong dollar, China worries

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Lower oil prices pull energy stocks down

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Rolls-Royce up on CEO comments

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Ocado down after several PT cuts

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FTSE 100 down 0.3%, FTSE 250 off 0.6%

June 20 (Reuters) - Britain's main share indices fell on Tuesday, dragged down by miners and energy stocks as commodity prices took a hit following a smaller-than-expected interest rate cut by top consumer China.

The resource-heavy FTSE 100 slipped 0.3%, hitting a one-week low, while the FTSE 250 mid-cap index fell 0.6%.

Copper prices dipped as China's benchmark rate cuts failed to soothe investor concerns around the top consumer's economic growth, dragging industrial metal miners 2% lower.

"Given expectations across the world whether China was going to see strong recovery post-COVID, it hasn't really materialized that way," said Daniela Hathorn, senior market analyst at Capital.com.

"It's likely that the authorities are concerned about growth, but they also don't want to taunt inflation."

China-exposed insurer Prudential slipped 2.5%.

Heavyweight energy stocks lost 1.1% as oil prices trickled lower, while precious metal miners also responded negatively to lower gold prices, down 1.4%.

Investor focus will now shift to domestic inflation data due Wednesday, to assess the state of economy, leading up to the Bank of England's policy decision on Thursday, with traders widely expecting another 25-basis-point hike.

Meanwhile, industry data showed British grocery inflation eased slightly for the third month in a row in June.

The personal care, drug and grocery stores index gained 0.5%.

Shares of engine maker Rolls-Royce rose 2.1% to a one-month high. It was among top gainers on the FTSE 100 after CEO Tufan Erginbilgic said the company did not rule out future partnerships in the narrowbody airplane market.

U.S. Federal Reserve Chair Jerome Powell's semi-annual monetary policy testimony on Wednesday will also be on the watchlist, after the central bank projected more rate increases this year following a pause last week.

Among other movers, Lookers jumped 33.9% as Global Auto Holdings is set to buy the British car dealership chain for about 465.4 million pounds (about $595 million) in cash.

Ocado Group lost 2.5% after several brokerages cut their target prices for the online supermarket and technology firm's stock. ($1 = 0.7849 pounds)

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29 May 2023 17:28

India files graft case against BAE Systems, Rolls-Royce

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29 May 2023 16:32

Rolls-Royce says it continues to assist Indian authorities in probe into company

LONDON, May 29 (Reuters) - Rolls-Royce said on Monday that it was continuing to assist Indian authorities in their investigation against the engine maker, adding that the allegations being probed were disclosed back in 2017 when it paid a fine to UK authorities.

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29 May 2023 09:52

India's investigation agency files graft case against BAE Systems, Rolls-Royce -document

NEW DELHI, May 29 (Reuters) - India's Central Bureau of Investigation (CBI) has filed a graft case against Britain's Rolls-Royce Holdings and BAE Systems PLC for "criminal conspiracy" in the procurement of 24 Hawk 115 advanced jet trainers, according to a federal police document dated May 23.

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28 May 2023 21:50

Sunday newspaper round-up: Debt deal, Rolls-Royce, supermarkets

(Sharecast News) - The legislation needed to implement the debt deal agreed between president Joe Biden and House speaker Kevin McCarthy is being urgently worked on so that it can be put to a vote in Congress. Lawmakers were expected to be given the details of the agreement on Sunday with McCarthy aiming for it to be brought to the floor of the House on Wednesday. Biden was nevertheless confident that the deal would pass in Congress. - Guardian

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25 May 2023 19:44

Embraer backs embattled jet engine maker Pratt & Whitney

LISBON, May 25 (Reuters) - Brazilian aircraft manufacturer Embraer voiced "full support" for Pratt & Whitney as it battles durability problems on recent jet engines, but blamed a separate tussle with engine makers for the suspension of a new turboprop plane project.

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23 May 2023 12:51

Rolls-Royce abandons carbon capture plan - report

(Sharecast News) - Rolls-Royce is reportedly abandoning part of its carbon capture operation as part of a streamlining of the engineering group under its new boss.

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Rolls-Royce hails "game changer" test of new efficient jet engine

(Alliance News) - Rolls-Royce Holdings PLC on Thursday reported "successful" testing of a new fuel efficient aerospace engine, culminating "many years work" alongside the UK and European Union.

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LONDON MARKET OPEN: Stocks drift up amid unease over US debt talks

(Alliance News) - Stock prices in London edged into the green at Tuesday's open, but investors failed to muster much enthusiasm following weak Chinese economic data and fears of a US debt default.

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11 May 2023 17:43

UK's FTSE index ends flat; little reaction to BoE rate decision

BoE lifts benchmark rate to 4.5% as expected

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