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1 Nov 2013 08:28

Friday tips round-up: Royal Dutch Shell, BG Group

Royal Dutch Shell´s shares dropped on Thursday after unveiling a fall in profits. However, accounting profits include non-cash items, in this case those related to Nigeria. In that regard, the company´s cash-flow remains strong. Its operating cash-flow is 4.4bn pounds year-to-date, down only five pe

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1 Nov 2013 07:26

Friday newspaper round-up: ECB, Shell, Marks and Spencer

Pressure grew on the European Central Bank (ECB) on Thursday to cut interest rates after inflation slowed sharply in the euro-area. Meanwhile, Germany hit back at a jibe from the US Treasury that laid the blame for deflationary trends at Berlin's door. The euro area's annual inflation rate unexpecte

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31 Oct 2013 20:37

WRAPUP 2-Big Oil faces pressure from shareholders over costs

* Spending on new fields seen peaking * Costs driving worry over capacity to pay dividend * Analysts grumble about lagging stock prices By Andrew Callus and Anna Driver LONDON/HOUSTON, Oct 31 (Reuters) - Oil industry shareholders concerned about poor returns and costly pro

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31 Oct 2013 20:20

Shell's Auger oil platform restart still set for Q4

NEW YORK, Oct 31 (Reuters) - Royal Dutch Shell told analysts on Thursday it still expects the 55,000 barrel-per-day (bpd) Auger crude oil production platform in the Gulf of Mexico to restart in the fourth quarter 2013. The Auger platform was shut in July to connect a new oil field, Cardamom

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31 Oct 2013 16:22

London close: FTSE drops 46 points as data comes in mixed

- FTSE declines 46 points - Fed decision continues to weigh heavy - Data across the globe comes in mixed techMARK 2,662.03 -0.11% FTSE 100 6,731.43 -0.68% FTSE 250 15,479.95 -0.66% The FTSE 100 fell 46 points by the close on Thursday as investors took stock of the Federal Reserve's policy decisio

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31 Oct 2013 14:18

UPDATE 3-Exxon's output rises but refining weakness hits profit

* EPS $1.79 v Street view $1.77 * Output up 1.5 percent, first gain since 2011 2nd qtr * Shares rise 1 percent By Anna Driver Oct 31 (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, reported higher-than-expected quarterly results on Thursday a

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31 Oct 2013 14:05

CORRECTED-UPDATE 2-Exxon's quarterly profit down but output rises

(Correct second paragraph to read first nine months, not first three) * EPS $1.79 v Street view $1.77 * Output up 1.5 percent, first gain since 2011 2nd qtr * Shares edge up By Anna Driver Oct 31 (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil c

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31 Oct 2013 13:26

FTSE 100 movers: BT jumps after impressing with Sport package

Telecomms heavyweight BT today reported a 13 per cent decline in half-year pre-tax profits to 948m pounds, but said the recently introduced BT Sport package had made a 'confident start'. Shares in the group floated higher, encouraged by a 13 per cent jump in the interim dividend to 3.4p and a reaffi

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31 Oct 2013 11:50

Spending cutbacks will damage oil industry -Shell CFO

LONDON, Oct 31 (Reuters) - Cutbacks in oil company investment to fund higher shareholder payouts will damage investors' long term interests and encourage boom-bust oil prices just as such actions did at the turn of the century, a top Shell executive said on Thursday. Wading into a fierce ar

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31 Oct 2013 08:45

London open: FTSE swoops lower, dragged by Croda Intl

- FTSE led lower by Croda Intl - Guidance sought from abroad - German consumer confidence falls techMARK 2,646.30 -0.70% FTSE 100 6,753.63 -0.36% FTSE 250 15,493.32 -0.58% The FTSE offered up few treats on Thursday, swooping 24 points lower in early trade, following the Federal Open Market Committ

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31 Oct 2013 08:15

UPDATE 2-Shell profits hit by weak refining, higher costs, Nigeria

* Nigeria outages cost 65,000 barrels a day * Shares down 5 pct at 2,079 pence in early trade

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31 Oct 2013 07:19

RPT-Shell Q3 misses forecasts as refining, Nigeria weigh

LONDON, Oct 31 (Reuters) - Royal Dutch Shell's third quarter profits undershot analysts' forecasts on Thursday as a weak refining environment and production losses due to disruption in Nigeria weighed on its performance. Third quarter earnings excluding identified items and on a current co

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31 Oct 2013 07:17

Shell spooks with earnings miss and cautious outlook

- Q3 earnings down 32 per cent - 'Headwinds' in near term - Pledge to increase the pace of asset sales Earnings declined more than expected at Royal Dutch Shell due to weaker refinery conditions, higher costs and lower volumes. Chief Executive Officer Peter Voser said headwinds that continued to

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31 Oct 2013 07:15

Shell Q3 misses forecasts as refining, Nigeria weigh

LONDON, Oct 31 (Reuters) - Royal Dutch Shell's third quarter profits undershot analysts' forecasts on Thursday as a weak refining environment and production losses due to disruption in Nigeria weighed on its performance. Third quarter earnings excluding identified items and on a current co

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31 Oct 2013 06:46

Qatar fund builds small stakes in BofA, Samsung-sources

* Qatar Holding has BofA stake worth $1 billion - sources * Fund has stake in Samsung worth $200-$300 mln * Qatar fund picking minority stakes in large global firms * Samsung says investment reflects Qatar support for management By Dinesh Nair and Miyoung Kim DUBAI/S

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