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: Late Santa Rally puts UK stocks on track for two-week high

Mon, 22nd Dec 2014 08:48

UK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week.London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December.The index surged 4% over the past week, rising nearly 6% over the past four sessions alone. This was the Footsie's best weekly performance since December 2011 after the Federal Reserve promised to be "patient" about the first rate rise and markets rebounded strongly after a recent sell-off."This 'patient' approach to policy normalisation as well as a belated realisation that lower oil prices aren't necessarily such a bad thing, particularly in terms of their potential impact on global [growth] and consumer sentiment, has seen a significant rebound in the last four days," said analyst Michael Hewson from CMC Markets UK."As we head towards the Christmas break and a short week, the main focus going forward is likely to remain on the recent volatility in the oil price," he said.Brent crude for February delivery was up 2% on Monday at $62.61 a barrel, as it continues to rebound after dropping below the $60 mark last week for the first time since mid-2009. UK markets are open as normal until Wednesday when they close half a day early for Christmas Eve. They will not open again until Monday 29th December.While trading volumes are expected to be low over the next few days, with many traders already on their festive holidays, there's still some economic data due out for those remaining investors to take in. Final readings on third-quarter gross domestic product (GDP) in the UK and US are both due, as well as a raft of US data including durable goods orders, consumer confidence, new homes sales and personal incomes.Energy stocks riseOil producers such as Shell, BP, Tullow and BHP Billiton were making decent gains on the FTSE 100 as shares tracked the price of crude higher. FTSE 250 peers Afren and Ophir Energy were also performing well.Mining stocks were also providing a lift, including Fresnillo, Anglo American, Polymetal and Vedanta Resources. Randgold, however, was bucking the trend as the stock registered heavy losses early on.Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m.Kier Group was in demand after its joint venture with Clancy Docwra was named as the preferred bidder for a £1bn Thames Water infrastructure project. The contract, which an estimated value to the KCD joint venture of £500m over the next five years, will run for up to 15 years.Market MoverstechMARK 2,949.80 +0.44%FTSE 100 6,597.94 +0.80%FTSE 250 15,944.43 +0.35%FTSE 100 - RisersRoyal Dutch Shell 'B' (RDSB) 2,282.00p +2.68%Royal Dutch Shell 'A' (RDSA) 2,214.50p +2.05%Smith & Nephew (SN.) 1,111.00p +2.02%BP (BP.) 421.20p +1.99%Standard Chartered (STAN) 944.40p +1.88%Johnson Matthey (JMAT) 3,408.00p +1.70%Tullow Oil (TLW) 431.20p +1.65%Babcock International Group (BAB) 1,072.00p +1.61%Severn Trent (SVT) 2,044.00p +1.39%Experian (EXPN) 1,103.00p +1.38%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 4,320.00p -2.51%TUI AG Reg Shs (Post- 16/12/14)(DI) (TUIJ) 1,066.00p -0.65%easyJet (EZJ) 1,644.00p -0.48%Intu Properties (INTU) 334.10p -0.42%Next (NXT) 6,475.00p -0.31%Dixons Carphone (DC.) 460.20p -0.30%Morrison (Wm) Supermarkets (MRW) 175.80p -0.23%Travis Perkins (TPK) 1,821.00p -0.16%International Consolidated Airlines Group SA (CDI) (IAG) 468.80p -0.04%British American Tobacco (BATS) 3,499.50p -0.03%FTSE 250 - RisersAfren (AFR) 50.20p +5.53%Nostrum Oil & Gas (NOG) 440.20p +4.81%Ophir Energy (OPHR) 141.60p +3.89%Hunting (HTG) 545.50p +3.31%Polymetal International (POLY) 567.50p +3.18%Home Retail Group (HOME) 197.70p +3.13%Wood Group (John) (WG.) 627.00p +3.12%Vedanta Resources (VED) 602.50p +2.82%Evraz (EVR) 133.20p +2.38%Bank of Georgia Holdings (BGEO) 1,930.00p +2.17%FTSE 250 - FallersPets at Home Group (PETS) 198.20p -6.42%Bwin.party Digital Entertainment (BPTY) 111.70p -5.34%IP Group (IPO) 216.80p -4.87%Centamin (DI) (CEY) 55.95p -3.87%Zoopla Property Group (WI) (ZPLA) 202.40p -3.66%Alent (ALNT) 327.50p -2.67%Allied Minds (ALM) 335.00p -2.40%Spire Healthcare Group (SPI) 339.50p -2.30%Brit (BRIT) 263.40p -2.26%Countrywide (CWD) 415.00p -2.17%
More News
17 Jan 2022 10:06

Crown Estate Scotland offers 17 projects seabed rights for offshore wind

LONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has made option agreements to 17 projects which reserve the rights to specific areas of seabed in its ScotWind leasing round which is aimed at supporting wind energy development.O...

Read more
17 Jan 2022 09:20

UPDATE 2-FTSE 100 hits two-year high as GSK boosts

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Unilever worst performer on the FTSE 100* Homebuilders gain as UK home prices soar in early 2022* Taylor Wimpey expects annual results in-l...

Read more
14 Jan 2022 17:48

UPDATE 1-Alberta prioritises oil sands' carbon storage hub, energy minister says

(Adds more details on CCUS)By Nia WilliamsCALGARY, Alberta, Jan 14 (Reuters) - The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region...

Read more
14 Jan 2022 13:56

UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

(Recasts with details, context)SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA (Petrobras) on Friday lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapu and Sepia oilfields.Brazil's state-run ...

Read more
14 Jan 2022 11:57

For BP, car chargers to overtake pumps in profitability race

* BP focusing on fast battery chargers, executives says* Fast chargers almost as profitable as petrol filling* BP and rivals targeting big growth in EV chargingBy Ron BoussoLONDON, Jan 14 (Reuters) - BP says its fast electric vehicle chargers are on...

Read more
14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

Read more
13 Jan 2022 18:49

Shell to hand over Deer Park refinery to Pemex next week -sources

By Ana Isabel MartinezMEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.Royal Dutch S...

Read more
13 Jan 2022 09:50

Shell seismic tests approval complied with rules, S.Africa minister says

JOHANNESBURG, Jan 13 (Reuters) - Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's e...

Read more
13 Jan 2022 06:49

UPDATE 3-Activists behind Shell climate verdict target 30 multinationals

* KLM, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds company responses)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutc...

Read more
13 Jan 2022 06:49

UPDATE 2-Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds other companies receiving letters; edits)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDO...

Read more
13 Jan 2022 03:00

Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to moveBy Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutch wing of environm...

Read more
12 Jan 2022 06:43

UPDATE 4-Equinor warns of $1.8 bln UK oilfield impairment

* Mariner field is producing less oil than expected* Reserve estimate downgraded* Operator Equinor holds a 65% stake (Adds partners comment, background)By Terje Solsvik and Nerijus AdomaitisOSLO, Jan 12 (Reuters) - Norwegian energy group Equinor wa...

Read more
10 Jan 2022 12:16

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell

FRANKFURT, Jan 10 (Reuters) - Thyssenkrupp's hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday.The ...

Read more
7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

Read more
7 Jan 2022 09:12

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

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.