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FTSE 100 movers: Tesco rises on reports profit mis-guidance was limited

Mon, 20th Oct 2014 15:21

Travel stocks were putting in a decent performance on Monday, following recent volatile trading amid the growing Ebola crisis.There was good news from several continents on the state of efforts to contain the outbreak, with 48 people coming off a risk list in Texas, Nigeria being declared free of the epidemic and Spanish nurse Teresa Romero testing negative for the virus.IAG in particular was flying higher after Liberum named the stock as its top pick in the European airline industry. The broker highlighted "opportunities for the brave" across the sector after concerns about Ebola, Eurozone growth and excess capacity hammered sentiment over the past few weeks.Supermarket group Tesco was trading in positive territory following a report in the Times which said that several private equity groups were lining up a bid for the grocery chain's Asian arm. As well, reports indicate that its "profit misguidance" - a source of worries for investors - may have been largely limited to the first half of this year. Sector peer Sainsbury moved lower after respected retail analyst Nick Bubb revived speculation about a rights issue.Oil stocks tracked brent crude prices lower, with BG Group, Petrofac, Tullow Oil and Shell all firmly in the red. Petrofac was doubly hit following cuts to its target price from three investment banks. BG Group was also the object of criticism over the pay packet awarded to its new CEO to lure him on board.Rolls-Royce was subdued following a 11% drop the previous session after the engine maker lowered its full-year revenue guidance. Analysts at JPMorgan Cazenove, Investec and Liberum all lowered their ratings on the stock on Monday.Sanford C. Bernstein dragged Arm Holdings into negative territory after reiterating its 'underperform' rating on the chip maker ahead of its results, on Tuesday.FTSE 100 - RisersInterContinental Hotels Group (IHG) 2,233.00p +3.57%Associated British Foods (ABF) 2,642.00p +2.84%Tesco (TSCO) 179.50p +2.84%Barclays (BARC) 218.15p +2.37%TUI Travel (TT.) 345.60p +1.92%International Consolidated Airlines Group Land Securities Group (LAND) 1,043.00p +0.97%Direct Line Insurance Group (DLG) 267.10p +0.94%Fresnillo (FRES) 805.00p +0.88%Royal Bank of Scotland Group (RBS) 347.30p +0.70%FTSE 100 - FallersBG Group (BG.) 1,023.00p -3.94%Petrofac Ltd. (PFC) 1,028.00p -3.02%ARM Holdings (ARM) 849.00p -2.97%Tullow Oil (TLW) 509.00p -2.86%Kingfisher (KGF) 290.50p -2.84%Royal Dutch Shell 'A' (RDSA) 2,092.00p -2.65%Ashtead Group (AHT) 936.00p -2.60%Royal Dutch Shell 'B' (RDSB) 2,185.50p -2.45%GKN (GKN) 299.10p -2.19%Mondi (MNDI) 970.50p -2.17%
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23 Nov 2021 09:15

UPDATE 1-Shell halves Singapore refining capacity, to change chemical feedstock

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21 Nov 2021 19:52

UPDATE 2-NZ's Meridian Energy sells Australia unit for $528 mln to Shell-consortium

(Adds comment from Shell paras 5,6)Nov 22 (Reuters) - Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian inves...

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21 Nov 2021 19:52

UPDATE 1-NZ's Meridian Energy sells Australia unit for $528 mln to Shell-consortium

(Adds detail on deal, quote)Nov 22 (Reuters) - Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian investment m...

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21 Nov 2021 19:36

NZ's Meridian Energy sells Australia energy unit for $528 mln to Shell-consortium

Nov 22 (Reuters) - Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to global energy giant Royal Dutch Shell and Australian investment manager Infrastructure Capital Group.The agr...

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19 Nov 2021 09:48

UPDATE 2-British shares log weekly loss as commodity, travel stocks weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Travel stocks slammed by lockdown fears* UK retail sales rise by 0.8% in October* Kingfisher slips as Q3 sales drop* FTSE 100 down 0.5%, FT...

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19 Nov 2021 07:48

REFILE-UPDATE 1-Ryanair drops London listing, citing costs

(Fixes headline)DUBLIN, Nov 19 (Reuters) - Ryanair gave notice on Friday of its intention to delist from the London Stock Exchange next month, saying the volume of trading did not justify the costs related to retaining an additional listing.The ...

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19 Nov 2021 07:48

UPDATE 1-Ryanair drops London Stock Exchange, citing dual listing costs

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18 Nov 2021 16:15

UPDATE 1-Oil shares dip as Asian nations consider releasing oil reserves

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18 Nov 2021 13:39

Oil shares dip as Asian nations consider releasing oil reserves

By Danilo MasoniMILAN, Nov 18 (Reuters) - Shares in oil companies fell on Thursday as plans by the world's top consuming nations to release strategic reserves sent crude prices to multi-week lows, curbing enthusiasm for one of the best performing ...

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18 Nov 2021 13:16

Shell acquires 51% stake in Irish floating offshore wind project

LONDON, Nov 18 (Reuters) - Royal Dutch Shell said on Thursday it had acquired a 51% stake in an floating wind project off the west coast of Ireland aiming to develop up to 1.35 gigawatt in electricity capacity.Shell bought the stake in the Western...

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18 Nov 2021 12:50

GLOBAL MARKETS-Stocks shine once again, Turkey's lira plunges on rate cut

* Brent crude under pressure at $80* Turkish currency drops as cenbank cuts rates* Dollar, stocks pause after hot November so far* European gas prices consolidate 60% surge this month* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn* Graph...

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18 Nov 2021 12:10

LONDON MARKET MIDDAY: FTSE left behind as CAC and DAX hit records

LONDON MARKET MIDDAY: FTSE left behind as CAC and DAX hit records

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17 Nov 2021 16:02

UPDATE 2-U.S. Gulf of Mexico auction attracts pent up demand from oil drillers

(Adds sale results)By Nichola GroomNov 17 (Reuters) - The Biden administration's auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any government offs...

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17 Nov 2021 16:02

UPDATE 1-U.S. offshore oil auction begins under court order, shadow of climate deal

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17 Nov 2021 16:02

UPDATE 3-Chevron, Exxon are among top spenders at Biden offshore auction

(Recasts, adds industry and environmentalist comments, details from sale, Biden FTC letter)By Nichola GroomNov 17 (Reuters) - U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S...

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