The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen 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
4 Nov 2021 19:48

Shell Deer Park, Texas refinery plans to restart reformer next week -sources

HOUSTON, Nov 4 (Reuters) - Royal Dutch Shell Plc plans to restart next week units shut in September for a planned overhaul at its 302,800 barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery, said sources familiar with plant operations.F...

Read more
4 Nov 2021 19:38

Smaller oil firms pay top dollar for Permian land as large players cash out

By Jessica Resnick-Ault and Shariq KhanNov 4 (Reuters) - Large oil companies are racing to sell land in the largest U.S. shale formation as rising crude prices present them with a golden opportunity to jettison unwanted acreage and meet shareholde...

Read more
4 Nov 2021 16:04

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
4 Nov 2021 15:02

Equinor eyes Tanzania LNG production by end of decade

By Nerijus Adomaitis and Shadia NasrallaOSLO, Nov 4 (Reuters) - Equinor could start producing liquefied natural gas (LNG) in Tanzania by the end of this decade if talks with the East African country's government succeed, a top executive at the Nor...

Read more
4 Nov 2021 13:44

UPDATE 1-Shell to end crude refining at German site in low carbon shift

(Adds detail, context)FRANKFURT, Nov 4 (Reuters) - Royal Dutch Shell said on Thursday it plans to shift its Shell Rheinland refinery at Wesseling in Germany away from crude oil and towards low or zero carbon products from 2025.Shell has set a goal...

Read more
4 Nov 2021 13:00

Shell plans to stop crude oil processing at German Wesseling refinery by 2025

FRANKFURT, Nov 4 (Reuters) - Royal Dutch Shell plans to turn its Shell Rheinland refinery site at Wesseling away from crude oil and towards low or zero carbon products from 2025, the German arm of the global oil major said on Thursday.Wesseling is...

Read more
4 Nov 2021 12:19

LONDON MARKET MIDDAY: Pound drops, stocks rise after BoE holds rates

LONDON MARKET MIDDAY: Pound drops, stocks rise after BoE holds rates

Read more
4 Nov 2021 09:57

UPDATE 3-Weak sterling boosts FTSE 100 after BoE keeps rates unchanged

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* BoE keeps rates unchanged* BT Group rises on confirmed outlook* Weakness in pound boosts dollar earning companies* FTSE 100 up 0.5%, FTSE 2...

Read more
3 Nov 2021 11:26

Equinor to restart talks with Tanzania over LNG project

OSLO, Nov 3 (Reuters) - Norway's Equinor said on Thursday it will restart talks with Tanzania's government next week on the possible revival of plans to develop major natural gas reserves found in the east African country's waters.Equinor during t...

Read more
3 Nov 2021 10:14

Italian prosecutors won't appeal acquittal of two in Nigerian oil graft case

MILAN, Nov 3 (Reuters) - The acquittal of Nigerian Emeka Obi and Italian Gianluca Di Nardo in a graft case in Nigeria involving Eni and Shell has become final after prosecutors said they would not appeal on behalf of the Nigerian government.In a ...

Read more
3 Nov 2021 09:45

UPDATE 2-Oil stocks weigh on FTSE 100; Darktrace slumps to 2-month low

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Miners recover as copper prices rise* Darktrace slides as investor sells stake* FTSE 100 down 0.4%, FTSE 250 off 0.2% (Updates to close)By...

Read more
2 Nov 2021 22:17

Fire reported on Shell Norco, Louisiana crude unit -ENT via Twitter

HOUSTON, Nov 2 (Reuters) - A fire broke out on Tuesday on the crude distillation unit at Royal Dutch Shell Plc’s 230,611 barrel-per-day (bpd) Norco, Louisiana, refinery, according to a report attributed to Energy News Today in a Twitter message.R...

Read more
2 Nov 2021 21:20

U.S. House panel subpoenas Big Oil in climate deception probe

By Timothy GardnerWASHINGTON, Nov 2 (Reuters) - The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potent...

Read more
2 Nov 2021 10:00

California farm town lurches from no water to polluted water

By Daniel TrottaTEVISTON, Calif., Nov 2 (Reuters) - The San Joaquin Valley farm town of Teviston has two wells. One went dry and the other is contaminated.The one functioning well failed just at the start of summer, depriving the hot and dusty ham...

Read more
2 Nov 2021 08:27

BP not facing investor calls to break up business, CEO says

LONDON, Nov 2 (Reuters) - BP's investors are not calling for the energy company to be split up into separate low-carbon and oil and gas divisions, Chief Executive Bernard Looney said on Tuesday."Our investors do not call for a breakup of BP, that'...

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.