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 midday: Markets extend gains on US stimulus hopes

Fri, 15th Nov 2013 11:38

- Stimulus hopes continue to drive markets after Yellen comments- Eurozone CPI inflation in line with initial estimate- IAG raises profit forecast for 2015techMARK 2,653.33 +0.15%FTSE 100 6,692.14 +0.39%FTSE 250 15,283.74 +0.17%UK stocks were registering decent gains on Friday morning following yet another record close on Wall Street last night, as investors continue to react to a dovish stance from soon-to-be Federal Reserve Chairwoman Janet Yellen.Yellen, who is due to take over from Ben Bernanke in January, said yesterday that the US economy is still performing "far short of [its] potential", sparking hopes that the central bank will continue with its quantitative easing programme for the time being. Both the Dow Jones Industrial Average and S&P 500 rose to all-time highs in New York on Thursday evening."The positive sentiment from the record highs in US indices last night has found its way into European trade this morning," said Brenda Kelly, Senior Market Strategist at IG. "The FTSE has pushed marginally higher on expectations that the Fed QE punchbowl contains enough servings for another few rounds," she said.The final revision of Eurozone inflation data for October was in focus this morning following last week's rate cut by the European Central Bank. As expected, consumer prices rose at an annual rate of 0.7%, in line with the initial estimate. Nevertheless, this was still a sharp unexpected drop from a rate of 1.1% the month before.Economic data Stateside will also be in focus today with the Empire State manufacturing index, import prices, industrial production and manufacturing output figures all due out this afternoon.IAG ups profit guidance, Vedanta dropsIAG was trading in the red but managed to erase some earlier losses after it lifted its profit guidance for 2015, helped by improving margins at British Airways and the ongoing recovery of Spanish airline Iberia. The firm is now targeting a €1.8bn operating profit in 2015, up 12.5% from its previous €1.6bn forecast. After a decent start, mining group Vedanta Resources dropped sharply lower as investors reacted to a 17% drop in first-half revenue to $6.2bn on the back of falling commodity prices. In contrast, other miners including Fresnillo, Antofagasta and Anglo American were among the best performers this morning. Oil stocks were also making gains with Shell and Petrofac heading higher by midday.Defence, security and transport products firm Ultra Electronics was a heavy faller after warning that revenue for 2013 would be slightly below the previous year's, hit by "a number of headwinds", in particular the US government-funded market.Others exposed to the defence sectors, including BAE Systems and Rolls-Royce were also trading lower this morning.Financial services group Hargreaves Lansdown gained after JPMorgan Cazenove initiated coverage of the stock with an 'overweight' rating, saying that the stock's seemingly expensive valuation - trading at a prospective price-to-earnings ratio of 31 - is "justified".FTSE 100 - RisersFresnillo (FRES) 938.00p +2.51%Mondi (MNDI) 1,016.00p +2.01%Antofagasta (ANTO) 818.50p +1.80%Royal Dutch Shell 'B' (RDSB) 2,179.50p +1.73%WPP (WPP) 1,365.00p +1.71%Royal Dutch Shell 'A' (RDSA) 2,086.50p +1.68%Anglo American (AAL) 1,434.00p +1.67%Pearson (PSON) 1,347.00p +1.66%Hargreaves Lansdown (HL.) 1,183.00p +1.63%TUI Travel (TT.) 387.10p +1.57%FTSE 100 - FallersVedanta Resources (VED) 955.00p -6.74%Centrica (CNA) 337.80p -2.17%CRH (CRH) 1,591.00p -1.61%International Consolidated Airlines Group SA (CDI) (IAG) 368.00p -1.34%Shire Plc (SHP) 2,809.00p -1.09%BAE Systems (BA.) 449.60p -1.01%Sainsbury (J) (SBRY) 411.00p -0.87%Burberry Group (BRBY) 1,476.00p -0.87%Rolls-Royce Holdings (RR.) 1,225.00p -0.81%National Grid (NG.) 775.50p -0.77%FTSE 250 - RisersGenus (GNS) 1,294.00p +3.69%African Barrick Gold (ABG) 200.80p +3.61%Imagination Technologies Group (IMG) 246.60p +3.27%Pace (PIC) 304.00p +3.05%Atkins (WS) (ATK) 1,317.00p +2.89%Electrocomponents (ECM) 302.50p +2.72%Renishaw (RSW) 1,853.00p +2.43%Telecity Group (TCY) 657.00p +2.34%Polymetal International (POLY) 570.00p +2.33%Serco Group (SRP) 428.40p +2.22%FTSE 250 - FallersUltra Electronics Holdings (ULE) 1,775.00p -6.38%Xaar (XAR) 981.00p -3.35%Perform Group (PER) 445.00p -3.26%Rotork (ROR) 2,808.00p -2.97%BTG (BTG) 440.00p -2.81%Essar Energy (ESSR) 105.40p -2.68%Dignity (DTY) 1,330.00p -2.56%Galliford Try (GFRD) 1,077.00p -2.18%Bwin.party Digital Entertainment (BPTY) 130.70p -2.10%Daejan Holdings (DJAN) 4,002.00p -1.96%BC
More News
21 Dec 2021 12:00

Oman's gas project for block 10 in Saih Rawl filed is expected to reach production of 0.5 bln cubic feet per day - ministry

Cairo, Dec 21 (REUTERS) - Oman's energy ministry said on Tuesday that the gas project for block 10 in the Saih Rawl gas field is expected to reach production of 0.5 billion cubic feet of gas per day.It added on Twitter that the project start up is...

Read more
21 Dec 2021 09:41

UPDATE 2-European shares rebound from Monday sell-off as energy stocks, miners jump

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* ING to quit French retail banking business* Sanofi's $1 bln Amunix buyout to add to drugmaker's pipeline* European chipmakers rise on Micr...

Read more
20 Dec 2021 11:27

Britain consults on climate checks for new oil and gas licences

LONDON, Dec 20 (Reuters) - Britain on Monday called for views on potential checks for new oil and gas licences to assess whether projects are in line with the country’s climate commitments.Britain has a target to reach net zero emissions by 2050 a...

Read more
20 Dec 2021 09:54

UPDATE 2-UK shares fall as Omicron concerns hit commodity, travel stocks

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Standard Chartered fined $61.51 mln for regulatory lapses* Oil, metal prices fall as Omicron fuels demand worries* FTSE 100 down 1.0%, FTSE...

Read more
17 Dec 2021 17:04

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

Read more
17 Dec 2021 16:35

UPDATE 4-Brazil's oil auction raises $2 billion as Total, Shell pile in

(Adds comments from analyst, TotalEnergies)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Malaysia's Petronas and Qatar Energy on Friday scooped up big offshore field...

Read more
17 Dec 2021 16:35

UPDATE 3-Brazil's offshore field raise $2 billion as Total, Shell pile in

(Adds details on production, updates share prices)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Petrobras, Malaysia's Petronas and Qatar Energy scooped up big offsho...

Read more
17 Dec 2021 16:35

UPDATE 2-Total, Shell pile into Brazil's offshore fields in $2 billion sale

(Adds details on bids, adds analyst comment)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - TotalEnergies SE , Royal Dutch Shell PLC, Petrobras, Petronas and Qatar Energy scooped up two blockbuster offshore fiel...

Read more
17 Dec 2021 16:35

UPDATE 1-Foreign oil firms pile into Brazil's offshore fields in $2 billion sale

(Updates with results of auction)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - Petrobras, Petronas, TotalEnergies SE, Royal Dutch Shell and Qatar Energy scooped up two blockbuster offshore fields in Brazil on ...

Read more
17 Dec 2021 11:24

Just Eat adds Asda to platform, first UK partnership in grocery sector

Just Eat adds Asda to platform, first UK partnership in grocery sector

Read more
17 Dec 2021 11:00

Top oil majors set for 2nd shot at coveted Brazil 'pre-salt' offshore fields

By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - The world's top oil majors will compete in Brazil on Friday for the chance to snatch up some of the world's most coveted offshore oilfields, a test of the nation'...

Read more
17 Dec 2021 09:52

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

Read more
17 Dec 2021 07:59

Just Eat strikes first British grocery deal with Asda

AMSTERDAM, Dec 17 (Reuters) - Just Eat Takeaway.com said on Friday it had struck a deal with British supermarket group Asda to sell groceries through its delivery platform.The deal, Just Eat's first with a major British supermarket chain, comes a...

Read more
17 Dec 2021 07:51

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

Read more
16 Dec 2021 22:13

UPDATE 3-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds bakground from Pemex source)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican state...

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.