What’s the Buzz Around IAG, Royal Mail, BP, Rolls Royce and Vodafone?

Summary

  • Airline group IAG announced transaction in its own shares purchasing over 1 million ordinary shares as part of its share plans.
  • Royal Mail launched its first EV fleet as part of its net zero goals
  • Roll Royce has unveiled its latest vehicle, the Boat Tail convertible.

The UK markets have made a positive start on 28 May after making a flat closing in the last session. The FTSE 100 and FTSE 250 stocks were showing gains of over a quarter per cent in the early deals.

In this article, we will take a look at some of the market movers of last session, such as International Consolidated Airlines Group SA, Royal Mail PLC, BP PLC, Rolls Royce Holdings PLC and Vodafone Group PLC which were trending on 27 May and what drove their shares to trend on the LSE:

  1. International Consolidated Airlines Group SA (LON: IAG)

FTSE 100 listed and multinational airline holding company International Consolidated Airlines Group announced on 27 May transaction in its own shares, purchasing shares from a director’s shareholding.

The group purchased 1,512,210 ordinary shares priced at EUR 0.10 per share and will hold them as treasury shares as part of the group’s IAG share plans.

(Image Source: Refinitiv)

IAG’s shares closed at GBX 201.25, down by 0.81 per cent on 27 May. It has made a positive start, trading up by 0.12 per cent at GBX 201.55 at 8:12 AM.

Also Read: Why British Airways owner IAG posted a record loss of €7.43bn in 2020 

  1. Royal Mail PLC (LON: RMG)

FTSE 250 listed company Royal Mail is a UK based multinational postal service firm. The company launched its first all-electric vehicle based delivery fleet in its Bristol East Central Delivery Office, replacing all of its 23 diesel fuel based fleets. The move is part of the company’s aim to reduce carbon emissions.

(Image Source: Refinitiv)

RMG’s shares closed at GBX 595.60, down by 0.03 per cent on 27 May. The stocks were marginally in red on 28 May morning deals, down by 0.20 per cent at GBX 594.40 at 8:15 AM.

  1. BP PLC (LON: BP)

FTSE 100 listed BP is a UK based oil and gas company. The company announced its payments to governments for FY 2020 on Thursday.

It made a total of US$11,999 million to 21 governments across seven different payments, including production entitlements, taxes, royalties, fees, bonuses, infrastructure improvements and dividends. However, BP did not make any dividend pay-outs to governments in FY 2020.

(Image Source: Refinitiv)

BP’s shares closed at GBX 306.55, down by 1.34 per cent, while the FTSE 100 closed at 7,019.67, down by 0.10 per cent on 27 May. Today (28 May), the stock has made a positive start, trading up by 0.47 per cent at GBX 308.00 at 8:16 AM.

  1. Rolls Royce Holdings PLC (LON: RR.)

Rolls Royce is a jet propulsion engine and luxury car maker. The company unveiled its latest vehicle, the Boat Tail convertible. RR’s shares surged following the announcement. Additionally, the company announced that coachbuilding will be a permanent aspect of its future portfolio of cars.

(Image Source: Refinitiv)

RR’s shares closed at GBX 107.06, up by 3.90 per cent on 27 May. The stocks seem to be suffering some profit booking in the early trades on 28 May, trading down by 0.67 per cent at GBX 106.34 at 8:18 AM.

Also Read: Rolls-Royce Holdings PLC Makes a Bullish Engulfing Pattern, How are the bulls placed?

  1. Vodafone Group PLC (LON: VOD)

FTSE 100 constituent and telecom major Vodafone announced the transaction in its own shares on 27 May. It purchased 5,707,175 shares from financial services firm Morgan Stanley at a volume weighted average price of 127.99 pence per share.

(Image Source: Refinitiv)

VOD’s shares closed at GBX 128.38, up by 1.10 per cent on 27 May. The stock has extended the momentum on 28 May with a positive start, up by 0.48 per cent at GBX 129.00 at 8:20 AM.

Also Read: Lens on 2 FTSE 100 Chemicals Stocks: Croda International and Johnson Matthey

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