UK stock preview: Rolls-Royce, Shell, Avacta
Here are three LSE mainboard stocks to watch this week.
- Rolls-Royce shares are up 1.5% on Monday morning (06 September 2021)
- Avacta share price jumped up nearly 3% as it made new appointments to its Scientific Advisory Board
- Shell shares rose 0.6% on the confirmation of 2Q 2021’s interim dividend rate
- Keen to trade these three FTSE 100 stocks? Open an account with us to get started.
Rolls-Royce (LON: RR)
Rolls-Royce Holdings appointed UBS as its joint corporate broker with immediate effect from last Thursday.
UBS will work alongside Morgan Stanley, the Company's existing corporate broker. This means RR’s other long-time house broker Jefferies is out.
This move confirmed earlier reports that the aviation engineer was reportedly seeking to replace both Jefferies and Morgan Stanley as part of a plan to rebuild its market valuation.
The FTSE 100 company was said to have invited other investment firms to pitch for the position.
Observers said that one of the first things on UBS’ expected agenda would be to revive investor interest in the Rolls-Royce stock, which has been wiped out by over 50% since the start of the Covid-19 pandemic.
Avacta (LON: AVCT)
Avacta Group has announced new appointments to its Scientific Advisory Board (SAB).
The SAB provides the biotech company’s Therapeutics Division with scientific and clinical advice to support its drug development decision making and pipeline strategy.
The appointments are expected to help further Avacta’s transition into a clinical stage company.
“The wealth of knowledge these individuals will bring, both scientific and clinical, as well as their strategic and commercial insight, will be a major benefit to us as we expand our preclinical programmes and take the next drug candidates into the clinic,” said Dr Alastair Smith, Chief Executive Officer of Avacta Group.
The three new members of the SAB are Professor James Spicer MB., BA., PhD., FRCP, Professor Krishnan Komanduri, MD, and Dr Stéphane Champiat MD, PhD.
What’s your view on these FTSE 100 Index stocks?
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Read more: Top 5 UK stocks to buy in September 2021
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