Stocks to watch on July 1: Dixons, Babcock, Saatchi, Shell, and Rolls Royce

2 min read | July 01, 2021 07:34 AM BST | By Kamalika Ghosh

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Stocks to watch on July 1: Dixons, Babcock, Saatchi, Shell, and Rolls Royce — Image source: G-Stock Studio, Shutterstocks.com

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These FTSE listed companies – Dixons Carphone, Babcock, Saatchi, Shell, and Rolls Royce – are likely to make headlines today.

Dixons Carphone Plc (LON: DC.)

The company’s pre-tax profits increased by 34 per cent for the year ended 1 May. The company made almost £5 billion in online sales through electrical products like televisions, video games, and laptops as several people remained indoors because of lockdowns and restrictions.

Shares of the company closed at GBX 132 on 30 June.

Babcock International Group PLC (LON: BAB)

The engineering and defence business company is in discussion for export prospects of its budget frigate to five countries. CEO David Lockwood confirmed discussions about the export of the Type 31 vessel. Indonesia, Poland, Ireland, and Brazil are currently prospective buyers.

Shares of the company closed at GBX 290 on 30 June.

M&C Saatchi (LON: SAA)

The media and advertising firm reported a narrowing of losses for 2020. The company lifted its full-year guidance for 2021, saying that the full year figures would be ahead of expectations. For the first half of 2021, it expects its headline pre-tax profit to be over £10 million as the company had a robust five months till May.

Shares of the company closed at GBX 160 on 30 June.

Royal Dutch Shell Plc (LON: RDSA)

It has been reported that Royal Dutch Shell Plc is planning to exit Aera, a Dutch’s oil and gas- joint venture based in California, with Exxon Mobil Corp. Shell has this year quit several of its carbon intensive assets. It sold its Washington refinery to Holly Frontier Corp. It has also divested its stake in a refining joint venture based in Houston to Petroleos Mexicanos. Shell is planning to shift its new investments into renewables and power.

Shares of the company closed at GBX 160 on 30 June.

Rolls Royce (LON: RR.)

British engineering company would be partnering with oil behemoth Shell to develop sustainable aviation fuel (SAF), which aligns with both the company’s aim to achieve zero emissions by 2050. On Wednesday, the companies signed a memorandum of understanding which said that Rolls-Royce would be helping on how to certify 100% SAF that could be used in planes.

Shares of the company closed at GBX 98.92 on 30 June.

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