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: Vodafone leads UK markets higher, but resource stocks weigh

Tue, 11th Nov 2014 11:34

Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high.The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back slightly after hitting an intraday high of 6,632.57 early on.Investors were treading cautiously after the index closed Monday's session at 6,611.25, its first finish above 6,600 since 30 September.Across the Atlantic, both the S&P 500 and Dow Jones Industrial Average benchmark indices closed at record highs again on Monday evening.Market analyst Jasper Lawler from CMC Markets said to expect "another day of drift [...] as investors wait for more fundamental catalysts later in the week at home and abroad".No major economic data was due out in the States due to the Veteran's Day holiday, though the equity markets will still be open. Stock futures on Wall Street were up around 0.1% across the board ahead of the opening bell.Vodafone and real estate stocks gainVodafone shares surged nearly 6% after the mobile telecoms group impressed with its interim results and outlook, with earnings guidance for the full year now guided towards the higher end of expectations. Strong consumer demand for data helped revenues rise 8.9% in the six months to 30 September to £20.8bn, marginally ahead of forecasts.Land Securities wasn't far behind after reporting a massive increase in profits in its first half and a higher net asset value, saying that its portfolio is "now in much stronger shape". Pre-tax profit totalled £1,031m in the six months to 30 September, compared with just £397.9m the year before.Others in the property sector including British Land and Hammerson were also in demand.Housebuilder Taylor Wimpey was also wanted as it upgraded its margin guidance for the full year ahead of analysts' expectations as it hailed healthy demand in the UK housing market. Analyst Robin Hardy from Shore Capital said that Tuesday's update was "the most positive so far this season".Leading the downside were oil producers Tullow Oil and Shell, and mining counterparts Fresnillo, Anglo American, Randgold, Rio Tinto, Antofagasta and BHP Billiton as commodity prices weakened. Brent oil was trading at a four-year low, while Citigroup dampened sentiment amongst the miners after cutting its forecast for iron ore prices.Renishaw jumped 10% as the engineering firm beat forecasts with its full-year guidance, saying that it continues to see "strong demand" across its product lines. The engineering group expects a 35-50% increase in adjusted full-year profits, ahead of the 20% growth expected by analysts.Building-materials firm CRH declined after saying that like-for-like sales growth slowed to 3% in the third quarter from 5% in the first half. Market MoverstechMARK 2,829.23 +0.86%FTSE 100 6,617.93 +0.10%FTSE 250 15,618.49 +0.14%FTSE 100 - RisersVodafone Group (VOD) 219.75p +5.73%Sainsbury (J) (SBRY) 263.10p +3.30%Land Securities Group (LAND) 1,144.00p +2.97%easyJet (EZJ) 1,586.00p +2.19%Aggreko (AGK) 1,572.00p +2.08%Babcock International Group (BAB) 1,102.00p +2.04%G4S (GFS) 268.70p +1.90%Admiral Group (ADM) 1,216.00p +1.76%International Consolidated Airlines Group SA (CDI) (IAG) 420.30p +1.55%Whitbread (WTB) 4,409.00p +1.54%FTSE 100 - FallersTullow Oil (TLW) 486.00p -4.33%Fresnillo (FRES) 716.00p -2.58%CRH (CRH) 1,350.00p -2.53%Sports Direct International (SPD) 640.00p -2.51%Rio Tinto (RIO) 2,951.00p -2.41%Anglo American (AAL) 1,329.00p -2.32%BG Group (BG.) 1,035.50p -1.89%Antofagasta (ANTO) 703.50p -1.68%BHP Billiton (BLT) 1,644.50p -1.64%Royal Dutch Shell 'A' (RDSA) 2,200.00p -1.54%FTSE 250 - RisersRenishaw (RSW) 1,942.00p +9.84%Cairn Energy (CNE) 183.90p +3.90%Taylor Wimpey (TW.) 121.30p +3.41%Moneysupermarket.com Group (MONY) 203.00p +2.94%Micro Focus International (MCRO) 1,039.00p +2.47%Bank of Georgia Holdings (BGEO) 2,357.00p +2.43%Bwin.party Digital Entertainment (BPTY) 105.00p +2.24%Croda International (CRDA) 2,412.00p +2.20%Northgate (NTG) 484.80p +2.06%PayPoint (PAY) 935.00p +1.96%FTSE 250 - FallersOcado Group (OCDO) 312.90p -5.72%Afren (AFR) 78.35p -4.97%TalkTalk Telecom Group (TALK) 282.00p -4.92%Premier Oil (PMO) 247.10p -3.70%African Barrick Gold (ABG) 205.00p -3.21%Supergroup (SGP) 853.00p -2.85%Foxtons Group (FOXT) 166.20p -2.81%Lonmin (LMI) 189.70p -2.72%EnQuest (ENQ) 70.10p -2.64%Centamin (DI) (CEY) 49.83p -2.49%
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.