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Broker tips: Shell, BP, Ashtead, N Brown

Wed, 10th Dec 2014 11:49

Deutsche Bank has downgraded its rating for Shell (to 'hold') but upgraded BP (to 'buy') as part of its review of the oil sector in light of the recent plunge in crude prices, now trading at their lowest levels in five years."In a sector where all are under pressure there are no easy calls. Our bias is towards those that offer improved cash flow visibility, project momentum and/or have the potential for the material change," the bank said.Berenberg has repeated its 'buy' recommendation for Ashtead, saying the consensus forecasts should rise after the equipment-rental company's strong first half."The results show that the company continues to benefit from the non-residential construction recovery in the US, take market share and improve its margin as it benefits from its scale and strong underlying rate growth in the market," said Berenberg analysts Josh Puddle and Simon Mezzanotte.A pick-up in trading towards the end of the third quarter at N Brown should please the market, according to Peel Hunt, though a 'hold' recommendation was maintained for the stock."Following a shaky start, market forecasts for the next two-three years now materially lag the picture set out in February's strategy day, an opportunity for investors if management can restore confidence over peak and deliver an accelerating performance into 2016 fiscal year," he also said.
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17 Jan 2022 10:06

Crown Estate Scotland offers 17 projects seabed rights for offshore wind

LONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has made option agreements to 17 projects which reserve the rights to specific areas of seabed in its ScotWind leasing round which is aimed at supporting wind energy development.O...

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17 Jan 2022 09:20

UPDATE 2-FTSE 100 hits two-year high as GSK boosts

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Unilever worst performer on the FTSE 100* Homebuilders gain as UK home prices soar in early 2022* Taylor Wimpey expects annual results in-l...

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14 Jan 2022 17:48

UPDATE 1-Alberta prioritises oil sands' carbon storage hub, energy minister says

(Adds more details on CCUS)By Nia WilliamsCALGARY, Alberta, Jan 14 (Reuters) - The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region...

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14 Jan 2022 13:56

UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

(Recasts with details, context)SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA (Petrobras) on Friday lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapu and Sepia oilfields.Brazil's state-run ...

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14 Jan 2022 11:57

For BP, car chargers to overtake pumps in profitability race

* BP focusing on fast battery chargers, executives says* Fast chargers almost as profitable as petrol filling* BP and rivals targeting big growth in EV chargingBy Ron BoussoLONDON, Jan 14 (Reuters) - BP says its fast electric vehicle chargers are on...

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14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

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13 Jan 2022 18:49

Shell to hand over Deer Park refinery to Pemex next week -sources

By Ana Isabel MartinezMEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.Royal Dutch S...

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13 Jan 2022 09:50

Shell seismic tests approval complied with rules, S.Africa minister says

JOHANNESBURG, Jan 13 (Reuters) - Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's e...

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13 Jan 2022 06:49

UPDATE 3-Activists behind Shell climate verdict target 30 multinationals

* KLM, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds company responses)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutc...

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13 Jan 2022 06:49

UPDATE 2-Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds other companies receiving letters; edits)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDO...

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13 Jan 2022 03:00

Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to moveBy Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutch wing of environm...

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12 Jan 2022 06:43

UPDATE 4-Equinor warns of $1.8 bln UK oilfield impairment

* Mariner field is producing less oil than expected* Reserve estimate downgraded* Operator Equinor holds a 65% stake (Adds partners comment, background)By Terje Solsvik and Nerijus AdomaitisOSLO, Jan 12 (Reuters) - Norwegian energy group Equinor wa...

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10 Jan 2022 12:16

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell

FRANKFURT, Jan 10 (Reuters) - Thyssenkrupp's hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday.The ...

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7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

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7 Jan 2022 09:12

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

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