focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: Miners drag UK stocks lower, but Barclays gains

Thu, 30th Oct 2014 08:34

London's stock exchange opened more or less flat on Thursday as heavy falls from mining stocks and BT offset gains from Barclays and St James's Place.The FTSE 100 was trading 0.1% lower at 6,449 in early deals.The subdued start follows a weak performance on Wall Street overnight as investors reacted to the expected removal of stimulus by the Federal Reserve, as it voted to end its quantitative easing programme.The Fed also opted to keep its interest rates unchanged, vowing to maintain them near zero a "considerable time"."The description of recent developments was noticeably more upbeat on activity and the labor market, but also somewhat more downbeat on the inflation picture," said analysts at Deutsche Bank. They said that the statement was consistent with its prediction for a rate hike in mid-2015.A raft of economic data will be in focus on Thursday, including Eurozone confidence figures, US gross domestic product estimates and US jobless claims.Barclays and St James's Place impressBarclays unveiled a third-quarter adjusted pre-tax profit well ahead of forecast as it held costs to a five-year quarterly low and made a £670m provision against fines for rigging forex and PPI mis-selling. The bank generated a profit for the third quarter of £1.59bn, up 14% on the year before and well ahead of the £1.1bn consensus prediction.Wealth manager St James's Place was a high riser after seeing strong inflows in its third quarter, helped by a big increase in demand for new ISA investments. Funds under management reached a record £49.1bn by 30 September, up 17% on the year before.Mining stocks including Randgold Resources, Fresnillo, Antofagasta and Anglo American were out of favour as metal prices declined on the back of a stronger dollar. Trader Toby Goar from Spreadex explained that after the Fed decision, "the 'cheap' dollars that had flooded the market are now being reduced and hence the dollar has appreciated against most major currencies".Telecoms titan BT Group was lower despite reporting second-quarter earnings above market forecasts as strong demand for fibre broadband and sports channels led to a decent jump in profits. Operating profits rose 1% to £1.45bn, but sales fell 2% to £4.83bn.Royal Dutch Shell slipped as investors shrugged off a bigger-than-expected 31% jump in third-quarter earnings to $5.8bn, as the market reacted to the news that chairman Jorma Ollila will step down after nine years.Transport group National Express rose after saying it is on track to meet its profit expectations for the full year after a 15% increase in third-quarter pre-tax profit.Also higher was Astrazeneca as its Xigduo XR type 2 diabetes treatment was approved for use in adults by the US Food and Drug Administration. Market MoverstechMARK 2,738.06 +0.13%FTSE 100 6,448.74 -0.08%FTSE 250 15,239.93 +0.04%FTSE 100 - RisersSt James's Place (STJ) 709.50p +3.12%Barclays (BARC) 223.90p +1.54%Legal & General Group (LGEN) 226.90p +0.98%AstraZeneca (AZN) 4,486.00p +0.95%International Consolidated Airlines Group SA (CDI) (IAG) 388.00p +0.73%BAE Systems (BA.) 449.20p +0.69%Shire Plc (SHP) 4,100.00p +0.61%HSBC Holdings (HSBA) 631.70p +0.59%InterContinental Hotels Group (IHG) 2,309.00p +0.57%Compass Group (CPG) 991.50p +0.51%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 3,920.00p -2.51%Fresnillo (FRES) 733.50p -2.07%Anglo American (AAL) 1,326.50p -1.92%Antofagasta (ANTO) 693.00p -1.56%Glencore (GLEN) 318.80p -1.51%BT Group (BT.A) 370.70p -1.28%Petrofac Ltd. (PFC) 1,033.00p -1.15%Experian (EXPN) 936.00p -1.11%Standard Chartered (STAN) 981.10p -1.11%BG Group (BG.) 1,033.00p -1.10%FTSE 250 - RisersCountrywide (CWD) 469.60p +4.19%National Express Group (NEX) 244.00p +3.74%Croda International (CRDA) 2,275.00p +3.27%RPS Group (RPS) 239.50p +2.57%AL Noor Hospitals Group (ANH) 1,016.00p +2.32%Pace (PIC) 348.00p +2.17%Homeserve (HSV) 340.80p +2.01%Moneysupermarket.com Group (MONY) 195.40p +1.93%Infinis Energy (INFI) 216.90p +1.78%IP Group (IPO) 203.40p +1.75%FTSE 250 - FallersHochschild Mining (HOC) 102.80p -4.55%Afren (AFR) 89.50p -4.02%African Barrick Gold (ABG) 208.00p -3.70%Barratt Developments (BDEV) 402.40p -2.80%Centamin (DI) (CEY) 55.05p -2.57%Merlin Entertainments (MERL) 349.60p -2.35%Vedanta Resources (VED) 820.50p -2.15%Kazakhmys (KAZ) 222.40p -2.03%Go-Ahead Group (GOG) 2,451.00p -2.00%AO World (AO.) 158.80p -1.98%
More News
26 Nov 2021 09:02

LONDON MARKET OPEN: Stocks plunged into red as new Covid variant grips

LONDON MARKET OPEN: Stocks plunged into red as new Covid variant grips

Read more
25 Nov 2021 07:44

UPDATE 2-Oil trader Vitol snaps up UK's Vivo Energy in $2.3 bln deal

* Vitol to buy Vivo for $1.85 per share* Vivo shares jump 21%* Top investor Vitol to buyout Helios too (Adds shares, context, background)By Yadarisa ShabongNov 25 (Reuters) - Commodities trader Vitol will buy Britain's Vivo Energy in a deal valued ...

Read more
24 Nov 2021 16:58

LONDON MARKET CLOSE: FTSE 100 continues outperforming on oil strength

LONDON MARKET CLOSE: FTSE 100 continues outperforming on oil strength

Read more
24 Nov 2021 14:48

UPDATE 1-Dogger Bank in long-term wind power deal with Danske Commodities, Shell and Centrica

(Updates with other companies signing contracts)COPENHAGEN/LONDON, Nov 24 (Reuters) - Britain's Dogger Bank, which is expected to become the world's largest wind farm, has secured long-term deals with Danish energy trading company Danske Commoditi...

Read more
24 Nov 2021 12:37

Shell ponder biofuels plant to meet rising Asian aviation demand

By Florence TanSINGAPORE, Nov 24 (Reuters) - Global major Royal Dutch Shell may build a biofuels plant in Singapore to meet the region's rising demand for sustainable aviation fuels (SAF), the head of its downstream business said on Wednesday.The ...

Read more
24 Nov 2021 11:05

Shell lifts force majeure on Bonny Light crude loadings

LONDON, Nov 24 (Reuters) - The Nigerian subsidiary of Royal Dutch Shell, SPDC, lifted force majeure on Bonny Light crude oil loadings on Monday, a spokesperson said on Wednesday.Shell had declared force majeure on loadings at the end of October af...

Read more
24 Nov 2021 10:44

LONDON BROKER RATINGS: Barclays ups Hochschild Mining after price fall

LONDON BROKER RATINGS: Barclays ups Hochschild Mining after price fall

Read more
24 Nov 2021 09:13

LONDON MARKET OPEN: US President Biden unable to stop rising oil price

LONDON MARKET OPEN: US President Biden unable to stop rising oil price

Read more
23 Nov 2021 17:01

LONDON MARKET CLOSE: FTSE 100 avoids Europe malaise as oil prices jump

LONDON MARKET CLOSE: FTSE 100 avoids Europe malaise as oil prices jump

Read more
23 Nov 2021 10:50

Shell launches shareholder talks to win backing for HQ move, sources say

* Shell sets up dozens of meetings with investors* Proxy advisory Glass Lewis recommends support* Move will see Shell HQ and tax base shifting to UKBy Ron BoussoLONDON, Nov 23 (Reuters) - Royal Dutch Shell has launched talks with investors to secure...

Read more
23 Nov 2021 10:30

UPDATE 2-Shell halves Singapore refining capacity, to change chemical feedstock

* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuels (Adds details)By Florence TanSINGAPORE, Nov 23 (Reuters) - Royal Dutch Shell has halved https://www.reuters.com...

Read more
23 Nov 2021 10:27

LONDON BROKER RATINGS: Hochschild Mining hit with three downgrades

LONDON BROKER RATINGS: Hochschild Mining hit with three downgrades

Read more
23 Nov 2021 09:34

UPDATE 2-Commodity-linked shares lift FTSE 100, AO World plummets on shortages warning

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* European stocks hit by renewed fears around COVID-19* River and Mercantile Group rises on two takeover approaches* FTSE 100 up 0.3%, FTSE ...

Read more
23 Nov 2021 09:30

Kremlin calls new U.S. sanctions linked to Nord Stream 2 illegal

MOSCOW, Nov 23 (Reuters) - The Kremlin on Tuesday said new sanctions imposed by the United States in connection with the Nord Stream 2 gas pipeline were illegal and wrong, especially at a time when Moscow and Washington are attempting to rebuild ...

Read more
23 Nov 2021 09:15

CORRECTED-UPDATE 1-Shell halves Singapore refining capacity, to change chemical feedstock

(Corrects to remove reference that suggests pyrolysis oil is not an oil-based hydrocarbon in paragraph 7)* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuelsBy Flore...

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.