Rolls-Royce shares gain on talk of Sunday newspaper story - reported rumour
06 MAY 2017
Rolls-Royce [LON:RR] shares gained 5% on Friday, 5 May, partly due to trader speculation that the FTSE-100 engineering company could be the subject of a report in a forthcoming Sunday newspaper, the Financial Times reported. The newspaper's market report section did not cite a source for the speculation.
As the gossip lacked details, speculation centred on previous chatter such as a break-up of Rolls-Royce or a merger with another UK company, according to the report.
Rolls-Royce’s share price gained 41.0p to 853.5p at the close of trading in London on Friday, giving the company a market capitalisation of GBP 15.70bn (EUR 18.51bn).