Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 100 movers: Brent crude price crash hits oil and gas stocks

Mon, 08th Dec 2014 14:29

Shell registered losses as the price of Brent crude dropped to its lowest in five years. Brent touched a low of $66.77 on Monday, its worst intraday level since October 2009. Morgan Stanley lowered its forecast for the average price of Brent oil in 2015 to $70 from $98, expecting it to trough in the second quarter at $57. Tullow Oil, among other oil and gas stocks, registered losses as the price of Brent crude dropped to its lowest in five years. Brent touched a low of $67.35 a barrel on Monday morning, a level not seen since October 2009. Morgan Stanley lowered its forecast for the average price of Brent oil in 2015 to $70 from $98, expecting it to trough in the second quarter, at $57.Marks and Spencer Group plummeted after problems with the firm's delivery service, where customers were warned that Christmas orders could take up to two weeks to arrive. The delay follows a backlog of Black Friday orders, which have also caused the next day delivery service to be suspended.Analysts at JP Morgan and Canaccord today both cut their price targets on shares of BHP Billiton, with the former doing so to 1,870p from 2,050p beforehand.Hotels operator Intercontinental Hotels Group (IHG) caused its shares to drop with the news it has accepted a €330m (£261m) offer for its Le Grand building in Paris. The company, which said it will use the proceeds for general corporate purposes, will retain a 30-year management contract of the hotel, with 10-year extension rights at IHG's discretion, giving an expected contract length of 60 years.Hargreaves Lansdown dropped following the departure its chief financial officer on Friday, with brokerage Liberum issuing a "sell" note on the company on Monday.Precious metal producer Randgold Resources saw shares rocket as gold and silver prices advanced. The company was also boosted by Deutsche Bank, which lifted its ratings on the stocks to 'buy', saying that the recent plunge in oil prices and weaker currencies should help the company to lower costs. The broker added that free cash flow growth should accelerate over the next 12 months.FTSE 100 - RisersARM Holdings (ARM) 963.50p +1.80%Bunzl (BNZL) 1,832.00p +0.99%TUI Travel (TT.) 453.80p +0.84%ITV (ITV) 214.60p +0.66%Admiral Group (ADM) 1,286.00p +0.63%Friends Life Group Limited (FLG) 382.20p +0.45%Aviva (AV.) 508.00p +0.40%Carnival (CCL) 2,816.00p +0.39%Experian (EXPN) 1,059.00p +0.38%Direct Line Insurance Group (DLG) 292.80p +0.38%FTSE 100 - FallersWeir Group (WEIR) 1,746.00p -5.01%easyJet (EZJ) 1,703.00p -3.29%Marks & Spencer Group (MKS) 483.90p -2.62%Royal Dutch Shell 'B' (RDSB) 2,179.00p -2.31%Hargreaves Lansdown (HL.) 968.50p -2.27%Royal Dutch Shell 'A' (RDSA) 2,102.00p -2.19%BHP Billiton (BLT) 1,442.00p -2.17%SABMiller (SAB) 3,349.00p -2.13%CRH (CRH) 1,547.00p -2.03%Smiths Group (SMIN) 1,122.00p -2.01%
More News
3 Dec 2021 09:44

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

Read more
3 Dec 2021 08:43

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

Read more
2 Dec 2021 18:54

UPDATE 2-Shell scraps plans to develop Cambo North Sea oilfield

(Adds detail)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists seeking to ...

Read more
2 Dec 2021 18:54

UPDATE 1-Shell scraps plans to develop Cambo North Sea oilfield

(Adds Siccar Point statement, background)LONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain's devel...

Read more
2 Dec 2021 18:54

UPDATE 3-Shell scraps plans to develop Cambo North Sea oilfield

(Adds investor comment)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists s...

Read more
2 Dec 2021 18:02

Shell and partner scrap plans to develop North Sea oilfield

LONDON, Dec 2 (Reuters) - Royal Dutch Shell and Siccar Point have decided not to go ahead with the development of the Cambo oilfield in the British North Sea due to a weak economic case, Shell said on Thursday."After comprehensive screening of the...

Read more
2 Dec 2021 17:05

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

Read more
2 Dec 2021 12:03

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

Read more
2 Dec 2021 10:08

UPDATE 2-European stocks fall as Omicron worries rattle investors

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* STOXX 600 gives back a chunk of Wednesdays gains* Apple suppliers hit by report on slowing demand* Vifor Pharma surges on takeover speculat...

Read more
2 Dec 2021 08:31

SSE and Equinor to proceed with $4 bln Dogger Bank C offshore wind farm

OSLO, Dec 2 (Reuters) - British utility SSE and Norwegian energy company Equinor have secured financing to proceed with the construction of the 3 billion pound ($3.98 billion) Dogger Bank C offshore wind farm in Britain, the companies said on Thu...

Read more
2 Dec 2021 07:03

Shell launches $1.5bn buyback from Permian sale

(Sharecast News) - Royal Dutch Shell has launched a $1.5bn share buyback as the first stage of returning cash to shareholders from the sale of its Permian business in the US.

Read more
1 Dec 2021 12:10

German oil lobby seeks net zero CO2 emissions by 2045

FRANKFURT, Dec 1 (Reuters) - Germany's oil industry will aim for net zero carbon emissions by 2045, moving away from fossil fuel to low carbon products such as biofuels and renewable energy-derived hydrogen, the industry's lobby group en2x said on...

Read more
1 Dec 2021 12:10

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

Read more
1 Dec 2021 08:54

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

Read more
30 Nov 2021 17:33

UPDATE 3-U.S. security review stalls sale of Shell Texas refinery to Mexico's Pemex

(Updates with comment from congressman critical of sale)By Erwin SebaHOUSTON, Nov 30 (Reuters) - A U.S. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.