Rolls-Royce has faced serious difficulties since the pandemic began, but has bounced back over the last few months, even as ESG concerns linger for the group.
Simon Murphy, manager of the VT Tyndall Real Income fund, said the firm's shares have rallied "very aggressively" over the last six months, rising 125% from mid-October lows. Murphy attributed this to three reasons: The firm's new CEO, a strong recovery after lockdowns ended, and the fact that the stock price was still down about 60% from its August 2018 high meant it had room to rally. Rolls-Royce share price (pence) Victoria Scholar, head of investment at interactive investor, added to Murphy's last point, noting that the stock was still trading at half its value from five year...
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