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Summary
- BP has announced plans to sell its oil assets in Iraq due to non-conducive environment.
- Aerospace and car maker Rolls Royce has announced an MoU with Royal Dutch Shell to decarbonise the aviation sector.
- Apollo, a US investment firm, has said that it is considering making a rival offer for Morrison.
There are many stocks on FTSE who keep the markets buzzing. In this article we would be exploring 5 FTSE stocks that are likely to remain in action during day’s trade, these include: BP PLC, Rolls Royce, WM Morrisons Supermarkets PLC, Royal Mail and Tesco.
- BP PLC (LON: BP)
FTSE 100 listed British oil and gas giant BP PLC announced plans to sell its oil assets in Iraq. Russia’s Lukoil also announced its plans to withdraw from the region. BP and Lukoil are the latest among several other oil majors exiting the region, such as Shell and ExxonMobil.
According to Iraq’s oil minister Ihsan Abdul Jabbar, the current environment in Iraq had made it difficult for large companies to carry on operations in the country.
BP’s shares closed at GBX 324.25, up by 0.89 per cent on 5 July. In last one year, the stock has given a return of over 16 per cent.
- Rolls Royce (LON: RR)
Another FTSE 100 constituent Rolls Royce signed a Memorandum of Understanding with oil and gas major Royal Dutch Shell (LON: RDSA) in order to decarbonise the aviation sector and achieve net zero carbon emissions. The agreement will aim to bring sustainable aviation fuels to certification.
Rolls Royce’s shares closed at GBX 104.98, up by 2.34 per cent on 5 July. In the last one year, the stock has given a return of over 237 per cent.
- WM Morrisons Supermarkets PLC (LON: MRW)
Supermarket major Morrisons’ on Monday agreed to a takeover offer from Softbank owned Fortress Investment Group for £6.3 billion. Apollo, a US investment firm, has said that it is considering making a rival offer, though still there has been no official confirmation.
Other private equity companies which have expressed interest in Morrisons’ includes Clayton, Dubilier & Rice (CD&R).
Morrisons’ shares closed at GBX 267.50, up by 11.55 per cent on 5 July. In the last one year, the stock has given a return of over 44 per cent.
Also Read: Morrisons shares surge 11% after accepting £6.3 billion takeover deal
- Royal Mail (LON: RMG)
Royal Mail’s announced on Monday that it plans to roll out US style post boxes in order to reduce dog attacks faced by its postal workers.
The move comes after dog related incidents dropped by almost 33 per cent in the past year due to delivery changes amid the pandemic.
Royal Mail’s shares closed at GBX 578.00, down by 0.21 per cent on 5 July. In the last one year, the stock has given a return of over 237 per cent.
- Tesco PLC (LON: TSCO)
Another FTSE 100 constituent and supermarket giant Tesco reportedly plans to add autonomous retail features to its High Holborn store in London.
The features include using artificial intelligence and other latest software technology to enable shoppers to use QR codes to select items for purchase and leave the store without going through checkouts.
Tesco’s shares closed at GBX 231.50, up by 3.07 per cent on 5 July. In the last one year, the stock has given a return of over 6 per cent.
Also Read: Stiff Competition for Tesco and Likes, Mere to Open 300 Stores Across the UK
