FTSE falls back but Rolls-Royce rises as it talks with active investor

Aero engine maker bucks downward trend but mining shares hit by Chinese data

With mining shares under pressure after poor Chinese manufacturing data, the UK market made a downbeat start to the month.

But Rolls-Royce rose 47p or nearly 6% to 841p on talk it could speed up turnaround plans after activist investor ValueAct bought a 5.44% stake to become the aero-engine maker’s biggest shareholder.

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Source: The Guardian Circular Economy RSS