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.
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Shell (LON: RDSA, RDSB)
Royal Dutch Shell’s board has confirmed the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2021 interim dividend at US$0.24 per A ordinary share (A Share) and B ordinary share (B Share).
Dividends on A Shares will be paid, by default, in euros at the rate of €0.2024 per A Share. Holders of A Shares who had validly submitted US dollars or pounds sterling currency elections by 27 August 2021 will be entitled to a dividend of US$0.24 or 17.38p per A Share, respectively.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 17.38p per B Share. Holders of B Shares who had validly submitted US dollars or euros currency elections by 27 August 2021 will be entitled to a dividend of US$0.24 or €0.2024 per B Share, respectively.
This dividend will be payable on 20 September 2021 to those members whose names were on the Register of Members on 13 August 2021.
Read more: Top 5 UK stocks to buy in September 2021
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