The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: UK stocks drop as Greek negotiations hit rough patch

Fri, 12th Jun 2015 11:44

The UK stock market was firmly in the red on Friday as jitters about ongoing Greek debt talks continued to weigh on sentiment.The FTSE 100 was down 0.61% at 6,805.13 by midday after the International Monetary Fund's technical team quit discussions due to a lack of progress from Athens.The IMF on Thursday said there were still "major differences" to be overcome and chose to leave negotiations taking place in Brussels and return to Washington. Particular areas of contention are pension and labour market reform."A lack of progress in the Greek debt talks has seen the IMF throw in the towel and head home, leaving Greece´s confident prognosis about discussions looking very hollow," said IG analyst Alastair McCaig.A report in newspaper Bild has also worried investors after suggesting that German Chancellor Angela Merkel's advisers are holding discussions on how to deal with a Greek default.In economic data on Friday, the Office for National Statistics said it had revised up its historic estimates for construction output, meaning that UK GDP probably expanded by 3.1% in 2014 instead of the initially reported 2.8%.Meanwhile, investors will be on the lookout for producer price index numbers from the States later on, along with the preliminary estimate of the University of Michigan consumer confidence index.Petra and Bwin dropShares in Petra Diamonds slumped 9% after the company said that full-year revenues are likely to be lower than expected due to reduced prices for diamonds. Petra said it now expects to report revenue of $430m, which is below market expectations of about $450m.Gambling outfit Bwin.party also dropped around 9% after two of its largest shareholders, Emerald Bay and Stinson Ridge, sold 50m shares. Bwin's board was not party to the placing arrangements, but the company said they were consistent with the trustees' obligations to sell down their holdings before the end of October 2015.Oil and gas stocks were mostly lower, including heavyweight producer Royal Dutch Shell, as Brent crude fell 0.63% to $64.70 a barrel.Catering group Compass is on the decline after Exane BNP Paribas downgraded the stock to 'neutral', while Bernstein was weighing on shares of Severn Trent and United Utilities after cutting the stocks to 'market perform'. Market MoverstechMARK 3,200.82 -0.31%FTSE 100 6,805.13 -0.61%FTSE 250 17,987.98 -0.56%FTSE 100 - RisersRoyal Mail (RMG) 506.00p +2.57%BT Group (BT.A) 452.10p +1.17%ITV (ITV) 267.80p +0.45%Shire Plc (SHP) 5,325.00p +0.38%Imperial Tobacco Group (IMT) 3,277.00p +0.31%Anglo American (AAL) 1,010.50p +0.30%Antofagasta (ANTO) 729.50p +0.27%Barclays (BARC) 269.45p +0.26%easyJet (EZJ) 1,580.00p +0.25%Glencore (GLEN) 281.90p +0.23%FTSE 100 - FallersHikma Pharmaceuticals (HIK) 1,905.00p -2.86%Johnson Matthey (JMAT) 3,136.00p -2.00%Kingfisher (KGF) 376.40p -1.72%Weir Group (WEIR) 1,845.00p -1.65%CRH (CRH) 1,855.00p -1.59%Unilever (ULVR) 2,804.00p -1.58%St James's Place (STJ) 886.50p -1.55%TUI AG Reg Shs (DI) (TUI) 1,207.00p -1.55%Royal Dutch Shell 'B' (RDSB) 1,896.00p -1.51%Sainsbury (J) (SBRY) 260.10p -1.48%FTSE 250 - RisersDaejan Holdings (DJAN) 5,720.00p +2.05%Ted Baker (TED) 2,869.00p +1.92%Telecom Plus (TEP) 832.50p +1.77%Synergy Health (SYR) 1,784.00p +1.65%Vedanta Resources (VED) 603.50p +1.43%BlackRock World Mining Trust (BRWM) 305.70p +1.16%Clarkson (CKN) 2,636.00p +1.11%Euromoney Institutional Investor (ERM) 1,173.00p +1.03%Home Retail Group (HOME) 166.10p +1.03%Moneysupermarket.com Group (MONY) 283.10p +0.78%FTSE 250 - FallersPetra Diamonds Ltd.(DI) (PDL) 155.50p -8.74%Bwin.party Digital Entertainment (BPTY) 95.90p -8.67%Lonmin (LMI) 132.50p -5.15%Card Factory (CARD) 350.10p -4.60%Evraz (EVR) 154.00p -3.87%Soco International (SIA) 178.90p -2.77%Serco Group (SRP) 126.20p -2.55%AO World (AO.) 149.30p -2.42%Domino's Pizza Group (DOM) 796.50p -2.39%Greencore Group (GNC) 319.50p -2.26%
More News
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

Read more
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

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.