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