MARKET REPORT: Rolls-Royce shares down nearly 10%

Shares in Rolls Royce tumbled by nearly 10 per cent yesterday as it emerged the company is looking for ways to bolster its battered finances.  The ailing British engineering group is considering a £1.5-2billion shares sale, as well as flogging assets such as Spanish subsidiary ITP Aero to raise cash, according to Bloomberg.  The coronavirus … Read more

MARKET REPORT: FTSE breaks 6000 mark as vaccine hopes grow

The FTSE 100 surged above 6000 last night amid hopes that a coronavirus vaccine and more stimulus measures could power an economic recovery.  As global markets rallied, the Footsie rose 4.3 per cent, up 248.82 points, to 6048.59. This marked its highest close this month and its biggest one-day percentage jump since late March.  Traders … Read more