Trending tickers: Tesla | BMW | Vistry | The Restaurant Group

A look at the stocks making headlines on Monday

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes
Elon Musk, CEO of SpaceX and Tesla and owner of Twitter. Photo: Gonzalo Fuentes/Reuters

Tesla (TSLA)

Tesla shares were up around 6% in premarket trading on Monday as it was upgraded from a "hold" to a "buy" by analysts at Morgan Stanley.

Morgan Stanley thinks the new DoJo supercomputer could increase the electric carmaker's market value by $500bn (£399.4bn), with the possible rise of robocars and network services.


German car maker BMW was hitting British headlines on Monday as it set out a plan to increase its investment in its UK operations.

BMW will lay out plans to invest hundreds of millions in a new Mini factory near Oxford as it gears up to produce the next generation of electric vehicles. Production of the Minis would begin at the plant in Cowley in 2026.

Read more: LIVE: FTSE and pound gain as traders weigh 'peak' UK rates

The move should secure the future of both factories at Cowley and in Swindon, which employ around 4,000 people.

Stock rose around 1% on Monday morning.

The Restaurant Group (RTN.L)

Wagamama owner The Restaurant Group (TRG) was on the up on Monday, with stock rising 5.3%.

The bump came after it revealed it is set to slim down its portfolio with the sale of chains Frankie & Benny's and Chiquito to the owner of Cafe Rouge.

Read more: Stocks that are trending today

TRG will pay Big Table Group £7.5m to take 75 restaurants off its hands.

The deal is set to close in October, but TRG will continue to provide some services until the end of March next year.

Vistry (VTY.L)

Vistry stock tore more than 16% higher on Monday morning in London as the housebuilder vowed to concentrate on its division that partners with local government and housing associations.

It also said it would return $1bn to its investors over the next three years via dividends or buybacks starting with a £55m buyback.

While this was good news for shareholders, it was worse news for workers, as the company said it would also cut jobs in its shift away from private projects.

Watch: BMW discontinuing heated seat subscription plan

Download the Yahoo Finance app, available for Apple and Android.