Advertisement
UK markets open in 3 hours 2 minutes
  • NIKKEI 225

    37,721.30
    -738.78 (-1.92%)
     
  • HANG SENG

    17,292.29
    +91.02 (+0.53%)
     
  • CRUDE OIL

    82.84
    +0.03 (+0.04%)
     
  • GOLD FUTURES

    2,324.50
    -13.90 (-0.59%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,596.21
    -1,829.81 (-3.42%)
     
  • CMC Crypto 200

    1,391.57
    -32.53 (-2.28%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Rolls-Royce: Reverses course after ValueAct ups stake in co

** Rolls-Royce's shares up 1.5 pct, reversing course after weakness earlier in the day, as activist investor ValueAct ups its stake in the British engine maker whose shares have been hammered by a series of profit warnings

** Regulatory filing says ValueAct increases stake in co to more than 10 pct; had bought a 5.44 pct stake in RR in August

** Stock was down about 0.5 pct before announcement

** Volumes in co also jumped, with nearly 60 pct of co's 30-day daily avg vol having gone through

** Co suffered 2nd-worst ever on-the-day share price decline last week (-19.6%) when it issued 4th profit warning in a yr (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)