UK stock preview: Rolls-Royce, AstraZeneca, Argo Blockchain
Here are three LSE mainboard stocks to watch this week.
![FTSE stocks watch preview LSE London Stock Exchange company announcements share price movement trade buy sell](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/news-article-image-folder/bg_lse_london_stock_exchange_249733540.jpg/jcr:content/renditions/original-size.webp)
- Rolls-Royce (LON: RR) share price rallied 1.2% on Monday morning (13 September 2021), after it agreed to sell its stake in AirTanker Holdings
- AstraZeneca (LON: AZN) share price hits 8,212 pence following two positive phase 3 trial results
- Argo Blockchain (LON: ARB) share price dips in early trading, as it enters a new £18.05 million loan agreement
- Feeling bullish or bearish about these three stocks? Open an account with us to start trading them.
Rolls-Royce (LON: RR)
Rolls-Royce said on Monday it will sell its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189 million.
This includes the repayment of shareholder loans and accrued and deferred interest of approximately £47 million.
The transaction is expected to complete by the end of the first quarter of 2022, subject to regulatory approvals.
There is no merger control condition in the deal. Proceeds will be used to reduce net debt. Remaining AirTanker shareholders have pre-emption rights over the Rolls-Royce shares and loan notes.
AirTanker Holdings Limited is a joint venture with Airbus, Babcock, and Thales.
Argo Blockchain (LON: ARB)
Argo Blockchain announced on Friday (10 September) that it has entered into a £18.05 million (US$25 million) loan agreement with a maturity date of 29 October 2021 with Galaxy Digital LP.
The loan agreement will use a portion of ARB’s Bitcoin holding as collateral.
Argo Blockchain’s outstanding loan with Galaxy Digital of £14 million (US$20 million) will be rolled into the new loan agreement, which will result in a total outstanding principal amount of £32.05 million (US$45 million).
The proceeds of the loan will be used, in conjunction with funds raised by the company previously, to continue the build out of the company's West Texas data centre and to meet its operating cash flow requirements.
The loan will also enable Argo to retain its current Bitcoin holding, whilst further expanding its mining operations, the company added in a press release.
AstraZeneca (LON :AZN)
AstraZeneca announced ‘positive results’ from the Poseidon Phase 3 trial last Thursday (09 September).
The results showed that AstraZeneca's Imfinzi (durvalumab) and tremelimumab, when added to platinum-based chemotherapy, ‘demonstrated a statistically significant and clinically meaningful improvement in overall survival and progression-free survival compared to chemotherapy alone in the 1st-line treatment of patients with Stage IV (metastatic) non-small cell lung cancer’.
The biopharmaceutical giant also announced ‘positive high-level results’ from the Mandala and Denali Phase 3 trials of PT027 (albuterol/budesonide) for asthma patients.
The fixed-dose combination of both albuterol and budesonide demonstrated significant benefits for asthma patients, as compared with individual components of albuterol and budesonide.
Keen to take a shot at these FTSE 100 stocks?
Go short and long with CFDs on Rolls-Royce, AstraZeneca, Argo Blockchain and 16,000+ shares with the SG’s best online trading platform.* Learn more about trading shares with us, or open an account to get started today.
* Awarded the Best Online Trading Platform by Influential Brands in 2019 and 2022.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.