Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

UK market update – Rolls-Royce investor calls for board shake-up

Stock MarketsAug 31, 2021 08:35
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Samuel Indyk – At 08:32BST, the FTSE 100 is trading lower by 0.1% at 7,141. The midcap FTSE 250 is trading higher by 0.1% at 24,071.

In FX markets, GBP/USD is trading at 1.3793, EUR/GBP is trading at 0.8574. The US Dollar Index is down 0.2%.

Today’s calendar highlights include German labour market data, UK lending data, Eurozone CPI, Canadian GDP, US house price data, and Chicago PMI.


GlaxoSmithKline PLC (LON:GSK) - SK bioscience and GSK begin Phase 3 trial of adjuvanted Covid-19 vaccine candidate. Will evaluate the vaccine candidate against the Oxford/AstraZeneca Covid-19 vaccine. Aim is for global supply through COVAX facility in H1 2022.

Bunzl (LON:BNZL) - H1 revenue up 6.3% at constant exchange rates to £4.867 billion. Adjusted operating profit up 14.7% to £366.8 million. Boosts dividend by 2.5% to 16.2 pence per share. Outlook for 2021 unchanged.

Rolls-Royce (LON:RR) - The company’s largest investor, Causeway Capital, has called on incoming Chair Anita Frew to “refresh” the board. Causeway Capital also wants the company to consider the future of its power systems business.

Sainsbury 's (LON:SBRY) - Reportedly considering offloading its banking unit to Centerbridge, which could be worth around £200 million.

Computacenter (LON:CCC) - Current market forecasts remain below the Board’s expectations. Computacenter says even with a flat performance in H2 2021 compared to H2 2020, the company would finish the year 10% above current market expectations for FY adjusted profit before tax.

Hochschild Mining (LON:HOCM) - Announces interim dividend of $0.195 per share (previous: nil), paid on 28th September to shareholders on 10th September.

Old Mutual  (LON:OMU) - H1 gross flows up 7% to ZAR 96.989 billion. Announces interim dividend of 25c per share. Significant improvement in most key performance indicators and momentum from strategic initiatives in H1 has provided the base to increase medium term targets for 2023.

BHP (LON:BHPB) - Entered partnership with Caterpillar (NYSE:CAT) to develop zero-emissions mining equipment at BHP sites. 

The Renewables Infrastructure Group (LON:TRIG) - Offering shares via PrimaryBid at a price of 124 pence per share, a discount of 3.6% to the mid-market closing price on Friday. 

Meggitt (LON:MGGT) - Parker-Hannifin has entered into a new $2 billion term loan facility for the purpose of, amongst other things, financing any amount payable under or in connection with the acquisition of Meggitt.

Weir Group (LON:WEIR) - Upgraded to buy from hold at Peel Hunt. 

UK market update – Rolls-Royce investor calls for board shake-up

Related Articles

Caterpillar Earnings, Revenue beat in Q4
Caterpillar Earnings, Revenue beat in Q4 By - Jan 28, 2022 - Caterpillar (NYSE:CAT) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Caterpillar announced...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Graham Kinnear
Graham Kinnear Aug 31, 2021 14:34
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What is proposed for the power system business. It certainly shouldn't simply be sold off. There's no shareholder value in that.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email