focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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 extends gains ahead of FOMC statement

Wed, 30th Apr 2014 16:59

- FTSE ends 10.12 points higher at 6,780.03- US GDP misses expectations - Focus very much of FOMC meeting statementtechMARK 2,780.50 -0.39%FTSE 100 6,780.03 +0.15%FTSE 250 15,817.20 -0.50%UK indices ended today's session slightly higher following a raft of corporate announcements, mixed data from abroad as well as a number of stocks going ex-dividend. The FTSE 100 closed 10.12 points higher at 6,780.03. Gains were notably limited by nervousness ahead of this evening's policy decision by the US Federal Reserve, which has prompted many to scale back risk.The Federal Open Market Committee began its two-day policy meeting yesterday and is widely expected to continue tapering its asset purchase programme by $10bn each meeting. This will bring the monthly stock of bond buying down from $55bn to $45bn.This afternoon's focus was already on the US, as investors digested the latest gross domestic product (GDP) reading, which came in significantly below expectations. GDP expanded at a 0.1% annualised clip during the first three months of the year according to the Commerce Department. The consensus estimate had been for a rise of 1.1%.It followed an expansion of 2.6% in the last quarter of 2013 and 1.9% over all of last year. Meanwhile, the MNI Chicago purchasing managers' index (PMI) for April printed at 63 points, accelerating sharply from last month's level of 55.9, compared to an expected reading of 57.Eurozone inflation picks up but misses consensusEurozone inflation rose less than expected in April, according to the flash estimate published by Eurostat today.The annual rate of consumer price inflation rose to 0.7% this month after prices rose by 0.5% in March. However, this compared to the consensus estimate for a 0.8% rise.Nevertheless, some economists had said that the figure could miss forecasts after data on Tuesday showed that German inflation was lower than expected.Back in the UK, it was estimated by the Office for National Statistics that around 1.4m people were employed on zero-hour contracts in January and February. That compared to the figure of 583,000 - equal to 2% of the UK workforce - estimated for the period between October and December last year. The statistics also showed that those on zero-hour contracts, which do not guarantee a minimum number of working hours, were also employed in at least one other job. Busy day for corporate earnings Housebuilder Barratt Developments clawed back yesterday's losses, claiming its place in the top spot after Deutsche Bank named it as one of its top picks. Oil major Royal Dutch Shell rose strongly as first-quarter underlying earnings fell by 3% but beat expectations. Bottom-line earnings, however, were hit by £2.9bn of impairments in its Downstream division.Meanwhile, insurance group Admiral fell after going ex-dividend, along with a number of others including Tesco, Weir and Reed Elsevier. The strength of sterling had a big impact on results at GlaxoSmithKline (GSK) in the first quarter, while sales fell short of analysts' expectations due to weakness in the US market, prompting shares to slide. Core turnover during the first three months of the year dropped by 10% on a reported basis to £5.61bn, with sales dampened by a stronger pound against the dollar, euro, yen and a range of emerging market currencies.On the second tier, shares in Heritage Oil surged today after the company announced that it had received a takeover offer from Energy Investments Global, part of Qatar's Al Mirqab Capital. The company also reported its full-year results which unveiled that profits doubled in 2013 on the back of record production from its flagship OML 30 lock in Nigeria.Ladbrokes also climbed after saying it would maintain its dividend payment, despite posting a decline in its first-quarter operating profit. The confirmantion underlines the bookmaker's belief it will return to growth in the second half of the year. Strong performances in Asia and its casino business drove total quarterly revenues higher at Playtech in the first three months of 2014, lifting shares higher. The online gaming software supplier said a group revenue increase of 17.4% from €87.5m to €102.7m was largely thanks to a quarterly Casino revenue rose 25.6% from €44.1m to €55.4m. Meanwhile, technology group CSR shares fell sharply after its first-quarter revenue fell 24% to $180.8m.Home Retail failed to impress despite reporting a return to annual sales and profit growth thanks to like-for-like improvements at both Argos and Homebase. However, including exceptional items, statutory pre-tax profits fell 41.1% mainly due to restructuring charges at Argos and a payment protection insurance provision. FTSE 100 - RisersBarratt Developments (BDEV) 369.50p +5.18%Royal Dutch Shell 'B' (RDSB) 2,520.00p +3.66%Shire Plc (SHP) 3,378.00p +3.52%WPP (WPP) 1,274.00p +3.07%Royal Dutch Shell 'A' (RDSA) 2,347.00p +2.94%Capita (CPI) 1,085.00p +2.84%Rolls-Royce Holdings (RR.) 1,050.00p +2.84%Anglo American (AAL) 1,582.00p +2.56%William Hill (WMH) 354.70p +2.16%Smiths Group (SMIN) 1,335.00p +1.91%FTSE 100 - FallersTesco (TSCO) 292.95p -3.41%Admiral Group (ADM) 1,398.00p -3.05%British American Tobacco (BATS) 3,417.00p -2.01%GlaxoSmithKline (GSK) 1,632.00p -2.01%ARM Holdings (ARM) 891.50p -1.93%Imperial Tobacco Group (IMT) 2,557.00p -1.84%Standard Chartered (STAN) 1,281.50p -1.80%Hammerson (HMSO) 570.50p -1.64%easyJet (EZJ) 1,637.00p -1.56%Centrica (CNA) 330.00p -1.49%FTSE 250 - RisersHeritage Oil (HOIL) 315.20p +23.32%Aveva Group (AVV) 2,108.00p +7.83%Ladbrokes (LAD) 153.30p +6.90%Ophir Energy (OPHR) 263.60p +4.94%Playtech (PTEC) 667.00p +4.46%Soco International (SIA) 432.10p +3.25%Bellway (BWY) 1,439.00p +2.86%Afren (AFR) 157.50p +2.74%Henderson Group (HGG) 250.80p +2.70%Taylor Wimpey (TW.) 105.10p +2.44%FTSE 250 - FallersCSR (CSR) 574.50p -10.44%Hansteen Holdings (HSTN) 102.90p -4.72%IP Group (IPO) 172.00p -4.44%Spirent Communications (SPT) 95.15p -4.18%Oxford Instruments (OXIG) 1,289.00p -4.16%Hunting (HTG) 846.50p -3.97%SIG (SHI) 191.50p -3.82%Polymetal International (POLY) 566.00p -3.74%Fisher (James) & Sons (FSJ) 1,291.00p -3.73%Xaar (XAR) 789.00p -3.72%NR
More News
30 Dec 2021 09:28

UPDATE 2-FTSE 100 edges down as COVID fears dull festive cheer

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Industrial stocks eye best performance in 23 years* Travel and leisure hit by Omicron fears* Ashtead the top YTD performer on FTSE 100* UK ...

Read more
30 Dec 2021 05:33

UPDATE 5-Oil prices rise slightly ahead of OPEC+ meeting next week

* U.S. crude, fuel stocks fell last week; output rises -EIA* Saudi king says OPEC+ pact 'essential' for oil market stability (New throughout, updates prices, market activity and comments to settlement, adds OPEC+ meeting details and PSM details)By...

Read more
28 Dec 2021 09:41

S.African court halts Shell's offshore seismic survey

CAPE TOWN, Dec 28 (Reuters) - A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for...

Read more
27 Dec 2021 14:01

Mexican president says Pemex to close Deer Park deal in January

MEXICO CITY, Dec 27 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) will complete its purchase of a controlling interest in a Texas oil refinery in January, Mexican President Andres Manuel Lopez Obrador said on Monday.Mexico's go...

Read more
24 Dec 2021 10:03

UPDATE 1-Russia says Europe missing out on gas with Nord Stream 2 delay

(Recasts, adds quote, background)MOSCOW, Dec 24 (Reuters) - Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signalled on Friday.Deputy Prim...

Read more
24 Dec 2021 08:26

Russia's Novak: Nord Stream 2 hindered by politics

MOSCOW, Dec 24 (Reuters) - The launch of the Nord Stream 2 natural gas pipeline is being hindered by politics, but Russia still hopes its certification will be completed by mid-2022, Russian Deputy Prime Minister Alexander Novak said on Friday.The...

Read more
24 Dec 2021 08:19

Russia says Nord Stream 2 a bargaining chip for U.S., EU, Interfax reports

MOSCOW, Dec 24 (Reuters) - The Nord Stream 2 gas pipeline project linking Russia with Europe has become a bargaining chip in a game played by the United States and the European Union, Russian Deputy Foreign Minister Sergei Ryabkov said on Friday, ...

Read more
23 Dec 2021 14:14

Third Point's Loeb slams activists after UK fund chairman quits

LONDON, Dec 23 (Reuters) - Hedge fund Third Point's boss Dan Loeb on Thursday blamed the departure of the chairman of the firm's London-listed fund on "inexperienced" and "juvenile antics" of activist investors.Third Point Investors Limited (TPIL)...

Read more
22 Dec 2021 20:56

Shell declares force majeure on Nigerian Forcados crude

LAGOS, Dec 22 (Reuters) - Royal Dutch Shell's Nigerian subsidiary SPDC has declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path by a malfunctioning barge, the company said in a statement.The actio...

Read more
22 Dec 2021 13:49

UPDATE 3-Mexico says U.S. approves Deer Park refinery deal, sees completion early 2022

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery in a transaction that should conclude early next year,...

Read more
22 Dec 2021 13:49

UPDATE 2-Mexico says U.S. government approves Deer Park refinery deal

(Adds context, comment from Pemex CEO)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manu...

Read more
22 Dec 2021 13:49

UPDATE 1-Mexico says U.S. government approves Deer Park refinery deal

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manuel Lopez Obrador said on...

Read more
22 Dec 2021 13:15

Mexico says U.S. government approves Deer Park refinery deal

MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manuel Lopez Obrador said on Wednesday.Lo...

Read more
21 Dec 2021 19:06

UPDATE 1-Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

(Adds U.S. Treasury, CFIUS decline to comment)By Stefanie Eschenbacher and Gary McWilliamsMEXICO CITY/HOUSTON, Dec 21 (Reuters) - A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico's state oil company Petroleos M...

Read more
21 Dec 2021 18:32

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

By Stefanie EschenbacherMEXICO CITY/HOUSTON, Dec 21 (Reuters) - A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico's state oil company Petroleos Mexicanos (Pemex) from taking control of a Texas refinery, claimin...

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.