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 open: Eurozone GDP figures worry markets early on

Wed, 15th May 2013 08:39

Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before.The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive territory, rising to levels not seen since late 2007. The benchmark index's all-time closing high of 6,930 was recorded in December 1999, a mark which could be surpassed before the end of 2013, according to some analysts.German gross domestic product (GDP) expanded by just 0.1% in the first three months of 2013, rebounding after a 0.7% contraction in the preceding quarter but missing the 0.3% consensus forecast. France however failed to avoid recession, contracting by a further 0.2% after a 0.2% fall in GDP in the fourth quarter of 2012. Expectations were for a lesser 0.1% contraction in the first quarter.GDP figures for the wider Eurozone are due out later this morning and consensus forecasts are for a 0.1% contraction in the first three months of the year, following the 0.6% fall in the fourth quarter."Despite some positive data signals from the Eurozone, such as industrial output released in the prior session, markets have this morning had a reminder that troubles in the Eurozone are far from over," said Market Strategist Ishaq Siddiqi from ETX Capital. "Austerity measures are biting and policy measures have not been enough to kick-start growth. Traders now will speculate over additional measures the European Central Bank could possibly employ, be it more rate-cuts, negative deposit rates or buying asset-backed securities."Nevertheless, he said that it's unlikely the poor growth figures will be enough to trigger a correction in markets as data from the US so far appears to be "reassuring" investors worried about the Federal Reserve tapering off stimulus.FTSE 100: Ex-div stocks provide a dragA number of heavyweight stock went ex-dividend this morning, meaning that investors will not have a chance to tap in to their latest dividend payments. Sage, G4S, Morrison, Polymetal, Sainsbury and Whitbread were all weighing heavily on the FTSE 100 early on.Oil major Shell was also trading lower after going ex-dividend though the stock was likely under additional pressure on reports that authorities raided its offices - along with sector peer BP - in relation to a probe into alleged manipulation of oil prices over the last decade.Utilities group Severn Trent was pulling back after yesterday's 14% jump on the back of an approach by a consortium of foreign investors. The group said today that a proposal tabled by the potential bidders came at only a "modest premium" to Monday's share price and was rejected by the board.Broadcaster ITV was a heavy faller this morning despite a seemingly solid first-quarter statement in which it outperformed the TV ad market in the first quarter. Markets however appear to be focusing on the company's cautious outlook for the rest of the year.Heading the other way was budget airline easyJet after narrowing its half-year losses as it took initiatives to boost revenues and cut costs.Real estate group Land Securities rose after saying that its annual net asset value per share rose 4.1% as it signed new development lettings.Contract caterer Compass was also higher after lifting its half-year revenue by 4.1% after a strong North American and emerging markets performance.FTSE 100 - RiserseasyJet (EZJ) 1,197.00p +5.93%Land Securities Group (LAND) 959.00p +2.62%London Stock Exchange Group (LSE) 1,370.00p +2.62%Compass Group (CPG) 891.50p +2.47%TUI Travel (TT.) 354.50p +2.10%William Hill (WMH) 436.60p +1.68%Tullow Oil (TLW) 1,052.00p +1.25%Marks & Spencer Group (MKS) 425.70p +1.21%Intertek Group (ITRK) 3,451.00p +1.14%British Land Co (BLND) 627.00p +1.13%FTSE 100 - FallersPolymetal International (POLY) 679.00p -4.63%Morrison (Wm) Supermarkets (MRW) 282.00p -3.39%ITV (ITV) 127.80p -2.96%Sainsbury (J) (SBRY) 379.30p -2.82%Wood Group (John) (WG.) 806.00p -2.48%G4S (GFS) 252.80p -2.36%Randgold Resources Ltd. (RRS) 4,882.00p -2.14%Royal Dutch Shell 'A' (RDSA) 2,241.50p -1.75%Sage Group (SGE) 351.10p -1.65%Royal Dutch Shell 'B' (RDSB) 2,319.50p -1.53%FTSE 250 - RisersKeller Group (KLR) 949.00p +9.46%Restaurant Group (RTN) 507.50p +4.45%Enterprise Inns (ETI) 103.00p +4.04%New World Resources A Shares (NWR) 137.60p +2.08%Balfour Beatty (BBY) 227.20p +2.02%Carpetright (CPR) 637.50p +1.92%Perform Group (PER) 560.00p +1.91%Redrow (RDW) 219.00p +1.91%Rank Group (RNK) 160.00p +1.91%Persimmon (PSN) 1,118.00p +1.82%FTSE 250 - FallersCarillion (CLLN) 258.90p -3.75%Inmarsat (ISAT) 675.50p -3.50%Vesuvius (VSVS) 363.80p -2.54%Dunelm Group (DNLM) 817.92p -2.10%Computacenter (CCC) 445.70p -1.81%Premier Oil (PMO) 387.70p -1.42%Kazakhmys (KAZ) 363.20p -1.25%ICAP (IAP) 335.50p -1.24%Tullett Prebon (TLPR) 277.70p -1.17%TalkTalk Telecom Group (TALK) 222.50p -1.11%
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.