Roundtable Discussion; The Future of Mineral Sands. 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

London close: FTSE closes marginally higher as Fed reveals divide

Fri, 01st Nov 2013 16:22

- FTSE inches higher by close- Barlcays suspends six FX traders- Fed officials reveal their divided opinions - PO staff call off Monday's strike at bigger branchestechMARK 2,657.61 -0.17%FTSE 100 6,734.74 +0.05%FTSE 250 15,455.69 -0.16%The FTSE ultimately settled marginally higher after small movements either side of the opening level throughout the session. Making headlines this afternoon was Barclays, which revealed it had suspended six FX traders while it investigated allegation of global currency market manipulation - it stressed there was no evidence of wrongdoing. Monday's proposed strike by Post Office staff at larger branches has been called off, with renewed talks to begin next week, the Communication Workers Union said.In other news, the government has announced its intention to take "action on water bills", with details of its plan to tackle the rising utility price set to be unveiled next week. Over in the US, the Institute for Supply Management's factory index climbed to 56.4 in October, the highest since April 2011, from 56.2 a month earlier. It exceeded the 50 reading that signals expansion and a forecast of 55. Earlier the US Markit manufacturing sector purchasing managers´ index (PMI) nudged higher to 51.8 in October, after a reading of 51.1 the prior month. Economists had pencilled in a reading of 51.1. Much-anticipated comments from Fed officials revealed their dividend positions on the subject of monetary policy, with Charles Plosser, who is the President of the Philadelphia Fed, saying he is ready to taper, and James Bullard of St. Louis backing the programme whole-heartedly. Back on this side of the pond, UK manufacturing purchasing managers index (PMI) slipped to 56.0 in October from a revised reading of 56.3 in September. That was a shade below the consensus estimate of 56.1 for the month but Markit pointed out the rate of expansion was only moderately below the two-and-a-half year high recorded in August.Meanwhile, October Chinese factory activity gave investors some cause for concern because although it climbed from 51.1 to 51.4 month-on-month, there was in fact a significant gap between big and small manufacturers, with the smaller companies actually experiencing a contraction in the four-week period. Meggitt shares hammered after updateMeggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had given guidance of mid single digit revenue growth for the full year at its interims in August.RBS was also significantly lower after it said it will not split into 'good' and 'bad' banks and will instead create an internal 'bad bank' where it will shelve off £38bn of its toxic assets. The group reported a 14% fall in core operating profit to £1.28bn in the third quarter, while non-core operating losses widened to £845m from £586m a year earlier due to exit and restructuring costs as the bank prepares to return to privatisation. Meanwhile, shares in Vodafone were lifted by growing speculation that US giant AT&T was plotting a takeover of the UK mobile company. Executives at AT&T were putting together plans for a possible takeover of the company next year, reported Bloomberg citing people familiar with the situation. IAG climbed after Deutsche Bank reiterated its 'buy' rating on the stock, with a target price of 360p, ahead of its results due out next week. Shares in Royal Dutch Shell regained some of yesterday's heavy losses, which occurred after the group said its earnings declined more than expected due to weaker refinery conditions, higher costs and lower volumes. Chief Executive Officer Peter Voser said headwinds that continued to "erode the near term outlook" included weak industry refining margins and security issues in Nigeria but pointed to a strong flow of new projects and said Shell would increase the pace of asset sales. FTSE 100 - RisersVodafone Group (VOD) 232.50p +3.56%International Consolidated Airlines Group SA (CDI) (IAG) 353.90p +1.72%Schroders (SDR) 2,617.00p +1.47%Royal Dutch Shell 'B' (RDSB) 2,189.50p +1.39%Royal Dutch Shell 'A' (RDSA) 2,097.50p +1.01%Shire Plc (SHP) 2,778.00p +0.98%Smith & Nephew (SN.) 804.50p +0.94%Rio Tinto (RIO) 3,184.00p +0.82%HSBC Holdings (HSBA) 687.30p +0.76%Persimmon (PSN) 1,273.00p +0.63%FTSE 100 - FallersMeggitt (MGGT) 509.00p -11.09%Royal Bank of Scotland Group (RBS) 340.00p -7.51%Randgold Resources Ltd. (RRS) 4,507.00p -2.87%Barclays (BARC) 256.30p -2.77%G4S (GFS) 254.80p -2.56%Glencore Xstrata (GLEN) 332.25p -2.28%Antofagasta (ANTO) 837.00p -2.11%Fresnillo (FRES) 957.50p -1.85%Experian (EXPN) 1,247.00p -1.81%Hargreaves Lansdown (HL.) 1,169.00p -1.76%FTSE 250 - RisersGreencore Group (GNC) 187.50p +4.11%IP Group (IPO) 151.00p +2.72%RPS Group (RPS) 297.20p +2.48%Kenmare Resources (KMR) 20.80p +2.21%WH Smith (SMWH) 920.50p +2.16%Ashtead Group (AHT) 668.50p +2.06%Bovis Homes Group (BVS) 800.00p +1.91%Hiscox Ltd (HSX) 673.50p +1.81%Partnership Assurance Group (PA.) 414.60p +1.62%Direct Line Insurance Group (DLG) 228.50p +1.56%FTSE 250 - FallersPolymetal International (POLY) 566.50p -5.50%Afren (AFR) 150.00p -4.88%Senior (SNR) 286.00p -3.96%Go-Ahead Group (GOG) 1,626.00p -3.33%Kazakhmys (KAZ) 254.00p -3.02%Supergroup (SGP) 1,137.00p -2.99%Imagination Technologies Group (IMG) 270.00p -2.84%Enterprise Inns (ETI) 147.30p -2.77%Wood Group (John) (WG.) 790.00p -2.71%Fenner (FENR) 389.90p -2.52%FTSE TechMARK - RisersPuricore (PURI) 48.50p +5.43%Ark Therapeutics Group (AKT) 0.36p +4.35%Skyepharma (SKP) 103.00p +3.26%Wolfson Microelectronics (WLF) 145.00p +3.20%E2V Technologies (E2V) 148.50p +3.12%Torotrak (TRK) 27.75p +1.83%SDL (SDL) 255.50p +1.39%Promethean World (PRW) 19.50p +1.30%Ricardo (RCDO) 616.50p +0.98%Microgen (MCGN) 121.50p +0.62%FTSE TechMARK - FallersPhoenix IT Group (PNX) 141.00p -3.75%Electronic Data Processing (EDP) 70.50p -1.40%Oxford Biomedica (OXB) 2.71p -0.73%BATM Advanced Communications Ltd. (BVC) 18.12p -0.68%Vectura Group (VEC) 109.50p -0.45%Optos (OPTS) 156.00p -0.16%IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 179.72 -0.04%NR
More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

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.