Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. 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: Stocks end lower on lacklustre UK GDP

Thu, 28th Jan 2016 16:07

(ShareCast News) - London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data.The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analysts.However, year-on-year GDP growth fell to 1.9% in the fourth quarter from 2.1% in the previous quarter.GDP also slowed overall in 2015 to an annualised rate of 2.2% from 2.9% a year earlier."The preliminary estimate of UK GDP in Q4 confirmed that the recovery ended last year on a slightly lacklustre note, with growth a bit below its trend rate and still driven entirely by the services sector," said Vicky Redwood, chief UK economist at Capital Economics.Redwood said she believes growth was not strong enough to meet one of Bank of England Governor Mark Carney's three conditions for raising interest rates.The BoE announces its latest policy decision next Thursday but it is expected to keep interest rates unchanged at 0.5% amid weak global growth and low inflation.The Federal Open Market Committee also expressed concerns about the global economic slowdown, as it voted unanimously to maintain rates at 0.50% on Wednesday, as expected by analysts.In the Fed's accompanying statement, it said it was closely monitoring global economic and financial developments, providing little indication on when it might next raise rates.US data on Thursday showed durable orders dropped 5.1% last month, more than the 0.7% that was forecast and compared to the 0.5% decrease in November, according to the Commerce Department.US jobless claims fell by 16,000 to 278,000 in the week ending 23 January from an upwardly-revised 294,000 the previous week, the Labor Department revealed. Economists had been expecting claims to come in at 282,000.US pending home sales nudged up just a touch in December, according to data from the National Association of Realtors. The NAR's monthly index rose just 0.1% to 106.8 in December from a downwardly-revised 106.7 the previous month, as a large increase in the Northeast outpaced declines in the other three major regions. This fell well short of economists' expectations for a 0.8% increase.Elsewhere, consumer confidence in the Eurozone fell more than expected in January. The European Commission's economic sentiment indicator slipped to 105 from 106.7 in December, falling short of economists' expectations for a reading of 106.4.Germany's inflation, harmonised to compare with other European countries (HICP), rose an annualised 0.4% in January, as forecast by analysts, up from a 0.2% gain in December, preliminary data from the Federal Statistics Office showed.Meanwhile, oil prices were sitting higher amid reports that Russia said it might cooperate with Saudi Arabia and other OPEC countries to control the global oversupply. Brent crude rose 3.7% to $34.38 per barrel and West Texas Intermediate increased 3.4% to $33.45 per barrel at 1634 GMT.Oil producers gained on the pick-up in crude prices, including Royal Dutch Shell, BP, BG Group, Tullow Oil and Petrofac.BG Group and Shell were also given a boost by news that shareholders from both sides have approved their proposed merger. Shell's £35bn takeover offer will create the world's largest liquefied natural gas trader.Anglo American surged as investors welcomed its fourth quarter production report. Output for the three months rose 3% from the end of 2014 and the third quarter, while output for the year as a whole was up 5%.Centrica's shares slid after Societe Generale downgraded the stock to 'sell' from 'hold'.Melrose Industries plunged after it returned around £2.4bn in cash back to shareholders. The company gave 240p for each share held after the £3.3bn disposal of its Elster business to Honeywell International in December.FirstGroup tumbled after the transport operator lowered its operating profit guidance for the current financial year amid a challenging trading environment.Mitchells & Butlers advanced after the pub company reported strong Christmas and New Year sales limited the damage to its sales figures for the nine weeks to 23 January.Kier Group jumped after saying full-year trading is in line with expectations, sending shares surging. Market MoversFTSE 100 (UKX) 5,927.10 -1.06%FTSE 250 (MCX) 16,190.83 -0.55%techMARK (TASX) 3,099.78 -1.72%FTSE 100 - RisersAnglo American (AAL) 275.90p 8.73%Tesco (TSCO) 166.45p 3.39%Royal Dutch Shell 'B' (RDSB) 1,496.00p 2.33%Antofagasta (ANTO) 384.00p 2.29%Royal Dutch Shell 'A' (RDSA) 1,495.00p 2.19%BP (BP.) 368.45p 1.53%Smiths Group (SMIN) 923.00p 1.48%BHP Billiton (BLT) 679.60p 1.45%BG Group (BG.) 1,043.50p 1.36%Old Mutual (OML) 161.60p 1.19%FTSE 100 - FallersAshtead Group (AHT) 890.00p -7.77%Carnival (CCL) 3,384.00p -6.42%International Consolidated Airlines Group SA (CDI) (IAG) 524.50p -5.07%Centrica (CNA) 200.20p -4.71%ARM Holdings (ARM) 953.50p -4.22%Shire Plc (SHP) 3,887.00p -4.02%CRH (CRH) 1,793.00p -3.86%Mondi (MNDI) 1,124.00p -3.85%Vodafone Group (VOD) 215.30p -3.54%TUI AG Reg Shs (DI) (TUI) 1,173.00p -3.46%FTSE 250 - RisersVedanta Resources (VED) 236.40p 10.78%Drax Group (DRX) 252.00p 7.42%Tullow Oil (TLW) 163.50p 6.93%Ted Baker (TED) 2,958.00p 5.30%Euromoney Institutional Investor (ERM) 924.50p 4.35%Petrofac Ltd. (PFC) 782.50p 4.33%Cranswick (CWK) 2,069.00p 4.23%Wood Group (John) (WG.) 625.00p 3.73%Kier Group (KIE) 1,259.00p 3.45%Aggreko (AGK) 856.00p 3.44%FTSE 250 - FallersMelrose Industries (MRO) 290.60p -84.92%FirstGroup (FGP) 90.30p -11.73%Go-Ahead Group (GOG) 2,382.00p -5.63%Smith (DS) (SMDS) 342.80p -5.56%PayPoint (PAY) 788.50p -5.00%Home Retail Group (HOME) 143.00p -4.41%OneSavings Bank (OSB) 310.10p -4.26%UDG Healthcare Public Limited Company (UDG) 523.50p -4.12%Supergroup (SGP) 1,451.00p -3.91%CLS Holdings (CLI) 1,613.00p -3.70%
More News
26 Nov 2021 09:02

LONDON MARKET OPEN: Stocks plunged into red as new Covid variant grips

LONDON MARKET OPEN: Stocks plunged into red as new Covid variant grips

Read more
25 Nov 2021 07:44

UPDATE 2-Oil trader Vitol snaps up UK's Vivo Energy in $2.3 bln deal

* Vitol to buy Vivo for $1.85 per share* Vivo shares jump 21%* Top investor Vitol to buyout Helios too (Adds shares, context, background)By Yadarisa ShabongNov 25 (Reuters) - Commodities trader Vitol will buy Britain's Vivo Energy in a deal valued ...

Read more
24 Nov 2021 16:58

LONDON MARKET CLOSE: FTSE 100 continues outperforming on oil strength

LONDON MARKET CLOSE: FTSE 100 continues outperforming on oil strength

Read more
24 Nov 2021 14:48

UPDATE 1-Dogger Bank in long-term wind power deal with Danske Commodities, Shell and Centrica

(Updates with other companies signing contracts)COPENHAGEN/LONDON, Nov 24 (Reuters) - Britain's Dogger Bank, which is expected to become the world's largest wind farm, has secured long-term deals with Danish energy trading company Danske Commoditi...

Read more
24 Nov 2021 12:37

Shell ponder biofuels plant to meet rising Asian aviation demand

By Florence TanSINGAPORE, Nov 24 (Reuters) - Global major Royal Dutch Shell may build a biofuels plant in Singapore to meet the region's rising demand for sustainable aviation fuels (SAF), the head of its downstream business said on Wednesday.The ...

Read more
24 Nov 2021 11:05

Shell lifts force majeure on Bonny Light crude loadings

LONDON, Nov 24 (Reuters) - The Nigerian subsidiary of Royal Dutch Shell, SPDC, lifted force majeure on Bonny Light crude oil loadings on Monday, a spokesperson said on Wednesday.Shell had declared force majeure on loadings at the end of October af...

Read more
24 Nov 2021 10:44

LONDON BROKER RATINGS: Barclays ups Hochschild Mining after price fall

LONDON BROKER RATINGS: Barclays ups Hochschild Mining after price fall

Read more
24 Nov 2021 09:13

LONDON MARKET OPEN: US President Biden unable to stop rising oil price

LONDON MARKET OPEN: US President Biden unable to stop rising oil price

Read more
23 Nov 2021 17:01

LONDON MARKET CLOSE: FTSE 100 avoids Europe malaise as oil prices jump

LONDON MARKET CLOSE: FTSE 100 avoids Europe malaise as oil prices jump

Read more
23 Nov 2021 10:50

Shell launches shareholder talks to win backing for HQ move, sources say

* Shell sets up dozens of meetings with investors* Proxy advisory Glass Lewis recommends support* Move will see Shell HQ and tax base shifting to UKBy Ron BoussoLONDON, Nov 23 (Reuters) - Royal Dutch Shell has launched talks with investors to secure...

Read more
23 Nov 2021 10:30

UPDATE 2-Shell halves Singapore refining capacity, to change chemical feedstock

* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuels (Adds details)By Florence TanSINGAPORE, Nov 23 (Reuters) - Royal Dutch Shell has halved https://www.reuters.com...

Read more
23 Nov 2021 10:27

LONDON BROKER RATINGS: Hochschild Mining hit with three downgrades

LONDON BROKER RATINGS: Hochschild Mining hit with three downgrades

Read more
23 Nov 2021 09:34

UPDATE 2-Commodity-linked shares lift FTSE 100, AO World plummets on shortages warning

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* European stocks hit by renewed fears around COVID-19* River and Mercantile Group rises on two takeover approaches* FTSE 100 up 0.3%, FTSE ...

Read more
23 Nov 2021 09:30

Kremlin calls new U.S. sanctions linked to Nord Stream 2 illegal

MOSCOW, Nov 23 (Reuters) - The Kremlin on Tuesday said new sanctions imposed by the United States in connection with the Nord Stream 2 gas pipeline were illegal and wrong, especially at a time when Moscow and Washington are attempting to rebuild ...

Read more
23 Nov 2021 09:15

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

(Corrects to remove reference that suggests pyrolysis oil is not an oil-based hydrocarbon in paragraph 7)* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuelsBy Flore...

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.