The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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 open: Housing, oil stocks help markets rebound from eight-week low

Fri, 06th Dec 2013 08:52

- Housing and oil stocks provide a lift- Focus on Fed ahead of non-farm payrolls - Berkeley jumps as strong housing demand boosts H1 resultstechMARK 2,650.07 +0.07%FTSE 100 6,518.46 +0.31%FTSE 250 15,166.21 +0.06%The FTSE 100 rebounded slightly on Friday from an eight-week low, as bargain hunters stepped in ahead to some key economic data out from the States this afternoon.Strong gains in the housing and oil sectors were providing a lift in the UK this morning.London's benchmark index closed Thursday's session at 6,498.33, its lowest level since October 11th. Stocks have fallen for five straight days on the back of heightened speculation that the Federal Reserve will soon begin to pare its asset purchase programme amid signs of a stronger economic recovery.In particular, data released during yesterday's session showed a sharp drop in jobless claims, an upwards revision to third-quarter US economic growth and a less-than-expected decline in factory orders."In recent weeks we have seen a string of good economic data from the US which could suggest we are edging closer to Fed tapering," said Lee Mumford, Financial Sales Trader at Spreadex.Meanwhile, comments from regional Fed bank presidents continue to be closely watched ahead of the central bank's policy meeting on December 17-18th. Dennis Lockhart of the Atlanta Fed said on Thursday that "consideration" of tapering should be "on the table" at the Fed's meeting later this month.The remarks come ahead of the official jobs report this afternoon, which will likely be a key factor in the Fed's decision. The data is expected to reveal a 183,000 increase in non-farm payrolls for November, below the 204,000 gain in October, though the unemployment rate is forecast to fall from 7.3% to 7.2%.Berkeley jumps after first-half resultsBerkeley Group's shares surged after reporting a 19.2% rise in first-half profits of £169.2m in the first half, driven by strong demand in the housing sector. Others in the housing sector were also making gains this morning, including Persimmon, Bovis Homes, Redrow and Taylor Wimpey.Oil stocks were also providing a lift today after HSBC reportedly raised its forecast for Brent oil prices for next year. Tullow, BP, BG and Shell were among the best performers. Shell was making headlines this morning after ditching plans to build a $20bn gas-to-liquids plant in the US, saying it was "not a viable option". Telecoms group Vodafone rose after analysts at Berenberg upgraded their rating on the stock to 'buy' and lifted their target price from 233p to 265p.Pizza delivery group Domino's fell sharply after announcing its Chief Executive Officer (CEO) Lance Batchelor is stepping down. Batchelor, who has been CEO since December 2011, is leaving to join an undisclosed private equity backed company in a non-competing sector.Shire slumped after the Dublin-based drugmaker's Lifitegrast, a treatment for dry eye disease, met one goal in a study for eye dryness and missed another for inferior corneal staining.Sector peer AstraZeneca also fell despite saying that the European Commission has granted marketing authorisation to its nasally administered four-strain flu vaccine Fluenz Tetra. FTSE 100 - RisersLondon Stock Exchange Group (LSE) 1,621.00p +2.47%Persimmon (PSN) 1,180.00p +2.25%Royal Dutch Shell 'B' (RDSB) 2,138.50p +2.03%Petrofac Ltd. (PFC) 1,173.00p +1.82%Morrison (Wm) Supermarkets (MRW) 262.00p +1.63%Royal Dutch Shell 'A' (RDSA) 2,045.00p +1.56%BG Group (BG.) 1,228.50p +1.36%BT Group (BT.A) 368.50p +1.07%Vodafone Group (VOD) 228.25p +0.97%Tullow Oil (TLW) 893.50p +0.85%FTSE 100 - FallersRSA Insurance Group (RSA) 101.40p -1.65%Reckitt Benckiser Group (RB.) 4,773.00p -1.28%Burberry Group (BRBY) 1,483.00p -1.20%Shire Plc (SHP) 2,680.00p -1.00%Standard Chartered (STAN) 1,313.00p -0.87%Whitbread (WTB) 3,515.00p -0.87%Glencore Xstrata (GLEN) 303.45p -0.70%BAE Systems (BA.) 414.90p -0.67%Aberdeen Asset Management (ADN) 459.30p -0.58%International Consolidated Airlines Group SA (CDI) (IAG) 361.20p -0.50%FTSE 250 - RisersBerkeley Group Holdings (The) (BKG) 2,490.00p +9.11%Rank Group (RNK) 139.90p +5.19%Supergroup (SGP) 1,223.00p +3.47%AL Noor Hospitals Group (ANH) 829.50p +2.79%Taylor Wimpey (TW.) 108.70p +2.55%Perform Group (PER) 408.70p +2.17%Bellway (BWY) 1,423.00p +1.93%Bovis Homes Group (BVS) 768.00p +1.86%Crest Nicholson Holdings (CRST) 346.50p +1.79%Pennon Group (PNN) 643.50p +1.50%FTSE 250 - FallersDomino's Pizza Group (DOM) 481.20p -9.04%Diploma (DPLM) 678.00p -2.16%Computacenter (CCC) 632.50p -2.01%Millennium & Copthorne Hotels (MLC) 561.00p -1.92%Premier Farnell (PFL) 211.50p -1.77%Alent (ALNT) 344.00p -1.71%Carpetright (CPR) 521.50p -1.60%Rathbone Brothers (RAT) 1,507.00p -1.57%esure Group (ESUR) 243.70p -1.54%Enterprise Inns (ETI) 139.70p -1.48%BC
More News
20 Jan 2022 12:01

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

Read more
20 Jan 2022 09:54

UPDATE 2-Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deliveroo fourth-quarter order growth jumps* Premier Foods top midcap gainer on strong profit outlook* Unilever abandons plan to buy GSK's ...

Read more
19 Jan 2022 21:37

Shell to carry out Pernis, Netherlands oil refinery maintenance until end of June

AMSTERDAM, Jan 19 (Reuters) - Royal Dutch Shell said on Wednesday it plans to carry out major maintenance work at its Pernis oil refinery in the Netherlands in the coming five months."We will inspect a large number of installations from the insid...

Read more
19 Jan 2022 08:56

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

Read more
18 Jan 2022 17:05

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

Read more
18 Jan 2022 13:08

UPDATE 1-Norway awards 53 new petroleum production licences

(Adds detail, quotes)OSLO, Jan 18 (Reuters) - Norway awarded 53 new petroleum production licences on the Norwegian continental shelf in the latest licensing round for mature areas, the oil and energy ministry said on Tuesday.Stakes were offered to...

Read more
18 Jan 2022 13:00

Angry investors seek to appoint board member to Third Point UK fund

LONDON, Jan 18 (Reuters) - Activist investors in Third Point's London-listed fund want independent director Richard Boleat appointed to the board to improve corporate governance, they said in a letter to shareholders on Tuesday.Third Point Investo...

Read more
18 Jan 2022 12:51

UPDATE 2-Climate activists lose court case against UK oil regulator

(Adds reaction from government minister)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's ...

Read more
18 Jan 2022 12:51

UPDATE 1-Climate activists lose court case against UK oil regulator

(Add climate activists' response)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions...

Read more
18 Jan 2022 12:14

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

Read more
18 Jan 2022 09:44

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

Read more
18 Jan 2022 09:03

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

Read more
17 Jan 2022 10:33

UPDATE 2-Oil majors, Iberdrola among winners set to harness Scottish wind

(Updates throughout)By Nina ChestneyLONDON, Jan 17 (Reuters) - Utility Iberdrola and oil majors BP and Shell are among companies offered seabed rights to develop offshore wind projects in the first tender of its kind in over a decade, Crown Estate...

Read more
17 Jan 2022 10:33

UPDATE 3-Scottish wind sale nets nearly $1 billion with Shell, BP among winners

(Adds comment from Shell, BP, analysts)By Nina ChestneyLONDON, Jan 17 (Reuters) - BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pou...

Read more
17 Jan 2022 10:33

UPDATE 1-Crown Estate Scotland offers 17 projects seabed rights for offshore wind

(Adds more detail)By Nina ChestneyLONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has offered seabed right agreements to 17 projects in its ScotWind leasing round which is aimed at supporting wind energy development.Out of 74 ap...

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.