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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 Dec 2021 09:28

UPDATE 2-FTSE 100 edges down as COVID fears dull festive cheer

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30 Dec 2021 05:33

UPDATE 5-Oil prices rise slightly ahead of OPEC+ meeting next week

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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...

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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...

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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...

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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...

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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, ...

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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)...

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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...

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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,...

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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...

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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...

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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...

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21 Dec 2021 19:06

UPDATE 1-Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

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21 Dec 2021 18:32

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

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