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London open: FTSE 100 inches up on growing optimism over Greek deal

Fri, 20th Mar 2015 09:11

London's leading FTSE 100 benchmark index posted mild gains on Friday amid renewed optimism from talks between Greece's new government and EU creditors in Brussels.The Greek government is now expected to present its reforms in the next days after wrangling with EU leaders who will then decide on their viability. At 0910 GMT, the London's market of 100 top blue-chip stocks rose 0.2% or 12 points at 6974, trading up near its all time highs.Augustin Eden at Accendo Markets questioned whether there is potential for the index to test the 7000 level before the weekend. "Resistance-turned-support possible around 6980. Bulls looking for a final surge past 7000 while bears will look to another sell off before the weekend," said Eden.A decidedly dovish Federal Reserve meeting on Wednesday together with comments by the Bank of England's chief economist over possible upcoming rate cuts injected a degree of confidence in the UK market.Low interest rates tend to be favourable for risk assets like equities and less so for bonds. Early Friday, the UK 10-year Gilt was down 0.1% at 120.94 ticks as market participants added exposure to equities.Meanwhile in the currency world, sterling lost steam against the US dollar on the latest comments by the BOE's chief economist, off 0.1% to change hands $1.474.In a day of no major economic data out of the UK, the attention was on corporate news. TSB Banking Group's shares rose 1.8% after Spain's Banco de Sabadell approved the purchase of the British bank at 340p per share with major shareholder Lloyds Banking Group accepting the offer as expected.Meanwhile, real estate giant British Land exchanged £733m worth of joint venture properties with supermarket titan Tesco and pharma group Glaxosmithkline and Italian pharma group MolMed signed a strategic collaboration agreement in gene therapy.Housebuilder Berkeley Group reiterated its earnings guidance for the next three years to 2017 as management demonstrated their confidence in the UK housing market recovery.Royal Dutch Shell has sold off a portion of its upstream assets in Nigeria for $737m cash to local operator Eroton Exploration & Production.Elsewhere, shares in Gulfsands Petroleum slumped 16% to trade at 2195p after the oil and gas producer warned on finances, saying it needs $15m in new capital to fund its planned operational activities over the next 12 months. Market MoverstechMARK 3,263.98 +0.29%FTSE 100 6,973.73 +0.16%FTSE 250 17,451.61 +0.08%FTSE 100 - RisersCRH (CRH) 1,821.00p +4.00%Tullow Oil (TLW) 321.10p +3.71%Sports Direct International (SPD) 661.50p +1.93%Shire Plc (SHP) 5,705.00p +1.24%AstraZeneca (AZN) 4,835.00p +1.03%Sky (SKY) 1,037.00p +0.97%Smith & Nephew (SN.) 1,162.00p +0.96%International Consolidated Airlines Group SA (CDI) (IAG) 586.50p +0.95%Sage Group (SGE) 485.10p +0.83%Ashtead Group (AHT) 1,142.00p +0.79%FTSE 100 - FallersPersimmon (PSN) 1,685.00p -5.23%Anglo American (AAL) 1,030.00p -1.53%Kingfisher (KGF) 369.40p -1.34%Mondi (MNDI) 1,329.00p -1.26%Glencore (GLEN) 283.35p -0.84%Fresnillo (FRES) 673.50p -0.81%SABMiller (SAB) 3,663.50p -0.79%Next (NXT) 7,260.00p -0.75%Imperial Tobacco Group (IMT) 3,133.00p -0.70%Randgold Resources Ltd. (RRS) 4,795.00p -0.64%FTSE 250 - RisersMichael Page International (MPI) 549.50p +3.78%Afren (AFR) 3.40p +2.72%Ophir Energy (OPHR) 132.60p +2.55%Serco Group (SRP) 174.30p +2.17%Ted Baker (TED) 2,800.00p +1.97%Homeserve (HSV) 359.20p +1.90%TSB Banking Group (TSB) 333.10p +1.87%COLT Group SA (COLT) 141.40p +1.73%AL Noor Hospitals Group (ANH) 1,021.00p +1.69%Just Retirement Group (JRG) 163.60p +1.68%FTSE 250 - FallersVedanta Resources (VED) 435.50p -3.59%Acacia Mining (ACA) 243.20p -1.94%Centamin (DI) (CEY) 52.70p -1.86%Debenhams (DEB) 78.80p -1.81%Tate & Lyle (TATE) 601.00p -1.80%Riverstone Energy Limited (RSE) 1,022.00p -1.73%Lonmin (LMI) 123.80p -1.51%Enterprise Inns (ETI) 100.60p -1.47%Hikma Pharmaceuticals (HIK) 2,231.00p -1.37%National Express Group (NEX) 281.20p -1.33%
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30 Nov 2021 17:33

UPDATE 4-U.S. security review stalls sale of Shell Texas refinery to Mexico's Pemex

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30 Nov 2021 17:33

UPDATE 1-Shell Deer Park, Texas, refinery sale delayed pending regulator's approval

(Adds details, background)HOUSTON, Nov 30 (Reuters) - The sale of Royal Dutch Shell's controlling interest in the joint-venture Deer Park, Texas, refinery to partner Petroleos Mexicanos (Pemex) has been delayed pending approval by the Committee on...

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30 Nov 2021 17:33

UPDATE 2-National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

(Changes headline, recasts lead, adds no Pemex immediate comment, CFIUS declined to comment, remarks by U.S. representative)By Erwin SebaHOUSTON, Nov 30 (Reuters) - A national security review has delayed the sale of Royal Dutch Shell's controlling...

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30 Nov 2021 16:51

Shell Deer Park Texas refinery saie delayed pending CFIUS approval -company

HOUSTON, Nov 30 (Reuters) - Royal Dutch Shell Plc said on Tuesday a delay in approval from the federal Committee on Foreign Investment in the United States (CFIUS) has delayed the sale of its controlling interest in a joint-venture refinery in De...

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30 Nov 2021 16:03

Date for sale of Shell Deer Park, Texas refinery to Pemex pushed back -source

HOUSTON, Nov 30 (Reuters) - The date for closing the sale of Royal Dutch Shell Plc's controlling interest in the joint-venture Deer Park, Texas, refinery to partner Petroleos Mexicanos (Pemex) has been pushed back until the deal receives federal ...

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30 Nov 2021 11:52

Oil firms face workforce crunch as renewables beckon -survey

By Ron BoussoLONDON, Nov 30 (Reuters) - The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed.The survey conducted ...

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30 Nov 2021 09:35

Kremlin: new gas transit deal talks with Ukraine hinge on gas demand in Europe

MOSCOW, Nov 30 (Reuters) - Talks on new gas transit deal with Ukraine depend on demand for the Russian gas in Europe and availability of buyers, Dmitry Peskov, Kremlin spokesman, told reporters on Tuesday.The current transit deal expires after 202...

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30 Nov 2021 09:01

LONDON MARKET OPEN: Stocks resume slide as Omicron optimism flounders

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29 Nov 2021 17:03

LONDON MARKET CLOSE: Stocks attempt to rebound from Omicron rout

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29 Nov 2021 12:18

LONDON MARKET MIDDAY: FTSE 100 bounces 80 points as Omicron fears ease

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29 Nov 2021 09:53

UPDATE 2-FTSE 100 rises after Friday's rout, BT Group jumps on M&A report

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29 Nov 2021 08:51

LONDON MARKET OPEN: FTSE 100 rebounds but Omicron uncertainty lingers

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26 Nov 2021 17:05

LONDON MARKET CLOSE: Dark mood on Black Friday as variant fears bite

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26 Nov 2021 12:11

LONDON MARKET MIDDAY: Red Friday amid fear of new Covid strain

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26 Nov 2021 10:09

ISS recommends shareholders support Shell move to UK

LONDON, Nov 26 (Reuters) - Proxy advisory firm Institutional Shareholder Service (ISS) recommended shareholders support Royal Dutch Shell's plan to move its head office from the Netherlands to Britain, according to a document seen by Reuters.Shell...

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