The FTSE 100 gets off to a strong start for the week, up 0.5% to 7,715.82 ahead of US president Donald Trump’s pivotal summit with North Korean leader Kim Jong Un.
Aircraft engine manufacturer Rolls-Royce (RR.) slips 1% to 827.4p as it reveals a mechanical problem in a second class of engine and says it will have to carry out more inspections.
The company had already warned of durability issue affecting the Intermediate Pressure Compressor in Trent 1000 engines, known as Package C engines. A similar issue had now been identified on a small number of high life Package B engines.
Private healthcare specialist NMC Health (NMC) gains 2.4% to £35.16 on a potential joint venture healthcare platform with Hassana Investment Company, the investment arm of Saudi Arabian pension fund the General Organization for Social Insurance.
The joint venture would have a combined bed capacity of 1,489, with 664 contributed by NMC and 825 by National Medical Care Company.
Car auction specialist BCA Marketplace (BCA) gains 8.8% to 229.5p as it reveals it had rejected a £1.6bn takeover bid from private equity group Apax. The offer, which was received on 9 May, was rejected after 'careful consideration,' BCA says. Apax is now weighing options
Pest control firm Rentokil (RTO) is up 1.3% to 353p as HSBC boosts its recommendation on the stock from ‘hold’ to ‘buy’ and increases its price target from 290p to 440p.
Financial outfit Old Mutual (OML) says it will offer shares in the Quilter asset management business at a price range of 125p and 155p each, as part of its planned de-merger deal.
Online performance marketing group XLMedia (XLM:AIM) falls 29% to 120.5p as it warns on profit, blaming regulatory issues in Australia and Europe.
