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Friday news I missed last week from Rolls-Royce and Imperial Brands

By Chris Bailey of Financial Orbit | Sunday 27 March 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I was a bit busy on Friday and missed two things.  The first was that Rolls-Royce (RR.) shares pushed up nicely, which is good news given I am a fan of the stock (as last noted here, in February).  I was pleased to read that “the owner of Air India is looking to snap up around 30 Airbus aircraft, which are powered by engines built by the UK’s leading engineering group”.  That was nice, but the real reason for the rise in shares was a few bid rumours based on the fact that, as the Mail on Sunday puts it, “arch-rival BAE Systems (BA.) could be a contender”.  All good fun…but don’t ever bet on bids alone.  Meanwhile, I want to talk about Imperial Brands (IMB)…

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