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 midday: Markets quiet ahead of Christmas but stocks extend gains

Mon, 22nd Dec 2014 11:35

UK stocks were set to hit a two-week high on Monday as the 'Santa Rally' continued into its fifth straight day, with energy shares providing a boost on a continued rebound in crude prices.London's FTSE 100 was up 0.8% at 6,597 by around midday. It has not closed above this mark since 8 December."In mid-morning trading the FTSE 100 is [...] higher, as the pre-Christmas rally continues on its merry way," said analyst Chris Beauchamp from IG."The City is quietening down rapidly, while the corporate and economic calendars are emptying too. Yet there are still buyers active, as the year-end window dressing pushes major indices higher," he said.The FTSE 100 surged 4% last week, rising nearly 6% over the past four sessions alone. This was the Footsie's best weekly performance since December 2011 after the Federal Reserve promised to be "patient" about the first rate rise and markets rebounded strongly after a recent sell-off.UK equity markets are open as normal until Wednesday when they close half a day early for Christmas Eve. They will not open again until Monday 29th December.Economic data was thin on the ground on Monday, though figures from Haart showed that London house prices fell below £500,000 on average in November. The survey revealed that London house prices fell overall by 1.9% with prices in some of the wealthier south-western districts in the capital plunging by 14%, further evidence that 2014's property boom is cooling.Energy stocks trade oil higherOil producers such as Shell, BP, Ophir Energy, Nostrum Oil & Gas and Afren were making decent gains on Monday. Brent crude for February delivery was up 0.5% at $61.66 a barrel, as it continues to rebound after dropping below the $60 mark last week for the first time since mid-2009.Mining stocks were however limiting upside on stock markets with precious metal miners Randgold and Fresnillo among the worst performers. Anglo American and Antofagasta also fell.Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m.Kier Group was in demand after its joint venture with Clancy Docwra was named as the preferred bidder for a £1bn Thames Water infrastructure project. The contract, which an estimated value to the KCD joint venture of £500m over the next five years, will run for up to 15 years.Market MoverstechMARK 2,953.64 +0.57%FTSE 100 6,597.02 +0.79%FTSE 250 15,940.25 +0.32%FTSE 100 - RisersAdmiral Group (ADM) 1,343.00p +2.60%Kingfisher (KGF) 331.70p +2.31%Barratt Developments (BDEV) 468.40p +2.03%WPP (WPP) 1,352.00p +1.81%Johnson Matthey (JMAT) 3,411.00p +1.79%Standard Chartered (STAN) 943.10p +1.74%Smith & Nephew (SN.) 1,108.00p +1.74%Royal Dutch Shell 'B' (RDSB) 2,260.50p +1.71%Imperial Tobacco Group (IMT) 2,903.00p +1.61%Compass Group (CPG) 1,103.00p +1.57%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 4,286.00p -3.27%Fresnillo (FRES) 726.00p -1.76%TUI AG Reg Shs (Post- 16/12/14)(DI) (TUIJ) 1,055.00p -1.68%Tullow Oil (TLW) 418.50p -1.34%Weir Group (WEIR) 1,880.00p -1.31%Antofagasta (ANTO) 737.50p -0.94%Anglo American (AAL) 1,183.00p -0.84%RSA Insurance Group (RSA) 446.20p -0.76%Tesco (TSCO) 184.00p -0.76%Aviva (AV.) 493.00p -0.40%FTSE 250 - RisersEvraz (EVR) 139.80p +7.46%Nostrum Oil & Gas (NOG) 446.60p +6.33%Home Retail Group (HOME) 201.20p +4.96%Afren (AFR) 49.55p +4.16%Polymetal International (POLY) 571.50p +3.91%Hunting (HTG) 545.50p +3.31%Ophir Energy (OPHR) 140.50p +3.08%Bank of Georgia Holdings (BGEO) 1,945.00p +2.96%Ocado Group (OCDO) 391.40p +2.59%Regus (RGU) 204.90p +2.55%FTSE 250 - FallersPets at Home Group (PETS) 200.90p -5.15%Centamin (DI) (CEY) 55.35p -4.90%IP Group (IPO) 217.30p -4.65%Synthomer (SYNT) 223.30p -4.65%Zoopla Property Group (WI) (ZPLA) 203.90p -2.95%Soco International (SIA) 300.00p -2.82%Renishaw (RSW) 1,960.00p -2.68%Homeserve (HSV) 325.00p -2.14%Allied Minds (ALM) 336.00p -2.11%RPC Group (RPC) 524.00p -2.06%
More News
7 Jan 2022 08:17

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

Read more
7 Jan 2022 07:57

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

Read more
7 Jan 2022 07:49

Shell to proceed with share buyback 'at pace' despite weaker oil performance

(Sharecast News) - Royal Dutch Shell said its $7bn share buyback programme would continue "at pace" despite weaker oil product sales due to the Omicron Covid variant and forex headwinds in Turkey.

Read more
7 Jan 2022 07:27

UPDATE 3-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds share price)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from t...

Read more
7 Jan 2022 07:27

UPDATE 1-Shell to continue $7 bln buyback programme 'at pace'

(Adds detail)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COV...

Read more
7 Jan 2022 07:27

UPDATE 2-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds details, graphics)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue its $7 billion share buyback programme after selling ...

Read more
7 Jan 2022 07:10

Shell to continue $7 bln buyback programme 'at pace'

LONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COVID-19 variant.(Reporting b...

Read more
6 Jan 2022 23:48

U.S. court rejects laundromat owners' bid to block sale of Texas oil refinery to Mexico's Pemex

By Stefanie EschenbacherHOUSTON/MEXICO CITY, Jan 6 (Reuters) - A U.S. court on Thursday tossed out a request from two laundromat owners to block Mexican state oil company Petroleos Mexicanos (Pemex) from acquiring majority control of a Texas oil r...

Read more
6 Jan 2022 12:16

UPDATE 2-Key Kazakh oil fields pump despite protests

(Updates with Shell, details, background)By Ron Bousso and Rowena EdwardsLONDON, Jan 6 (Reuters) - Oil production at Kazakhstan's top three fields is continuing even as some contractors gathered outside the largest Tengiz field in support of protes...

Read more
6 Jan 2022 12:00

Shell-backed U.S. solar developer raises $775 million in equity

By Nichola GroomJan 6 (Reuters) - Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell, on Thursday said it raised $775 million in equity capital from new and existing investors.The announcement comes as renewable energ...

Read more
5 Jan 2022 09:54

UPDATE 2-Commodity-linked stocks lift UK's FTSE 100 after dull start

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Ocado, LSEG, Ferguson gain as brokerages raise share ratings* Gains in oil majors offset risk-off sentiment* FTSE 100 up 0.2%, FTSE 250 of...

Read more
4 Jan 2022 17:00

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

Read more
4 Jan 2022 12:04

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

Read more
3 Jan 2022 13:26

U.S. refiner HollyFrontier warns of lower than expected throughput

Jan 3 (Reuters) - U.S. oil refiner HollyFrontier Corp's fourth-quarter throughput will be lower than forecast, hit by weather and turnaround setbacks at refineries in Washington, New Mexico and Oklahoma, the company warned on Monday.Flooding in B...

Read more
31 Dec 2021 13:08

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

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.