LG buys controlling stake in Rolls-Royce fuel cell business

28th Jun 2012 07:38

Rolls Royce, the power systems manufacturer, has announced a tie-up with Korean outfit LG over its fuel cell business.LG has spent $45m buying a 51% stake in Rolls Royce's subsidiary, Fuel Cell Systems, which is based in North Canton, Ohio.The business has now been renamed LG Fuel Cell Systems but will continue to research, develop, test and commercialise solid oxide fuel cell technology.BS

Top Risers

Share	Price	Change
GCM Resources (GCM)	3.75	20.97%
Pci-pal (PCIP)	51.00	15.91%
Empresaria Group (EMR)	25.50	13.33%
Essentra (ESNT)	108.20	12.12%
Northamber (NAR)	25.00	11.11%

Top Fallers

Share	Price	Change
AB Dynamics (ABDP)	760.00	-28.71%
Mothercare (MTC)	0.75	-16.67%
IQE (IQE)	39.80	-16.03%
Petrel Resources (PET)	0.85	-15%
Luceco Plc (LUCE)	222.00	-12.94%

Top By Volume

Share	Price	Volume
Premier African Minerals (PREM)	0.017	849,217,591
Forgent (FORG)	0.013	806,337,931
Buccaneer Ergy (BUCE)	0.01	103,555,314
Tertiary Minerals (TYM)	0.075	102,840,162
Ironveld (IRON)	0.023	88,420,608

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.