Roundtable Discussion; The Future of Mineral Sands. Watch the video 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: Stocks flat as traders await details from EU summit

Fri, 15th Mar 2013 08:29

UK stocks opened more or less flat on Friday morning as markets paused for breath after a strong rise the day before, with traders awaiting any developments at the European Union (EU) summit in Brussels.The S&P 500 finished just a couple of point shy of its all-time high on Thursday night as data on US jobs continues to improve. Jobless claims came in below forecasts again yesterday which, after last month's stellar employment report, brightens the outlook for the recovery in the American labour market."The only problem is we now have an improved outlook for the economy on top of large [Federal Reserve] stimulus, which is going to be a huge test to just how much more we can inflate this equity bubble before it inevitably blows," said Market Analyst Craig Erlam from Alpari.As the Eurozone continues to undergo its economic downturn, with unemployment on the rise, its leaders yesterday indicated at the EU summit that they will relax the conditions relating to deficit targets. European Commission President José Manuel Barroso expressed the idea that countries completing the requirements should be given a helping-hand. Today, EU leaders are expected to discuss a possible exit of Ireland from the bailout programme after a successful 10-year debt auction earlier this week. The Eurogroup, made of Eurozone finance ministers, is scheduled to meet later today to discuss the aid package for Cyprus."As always with these meetings, we can expected heightened volatility throughout the day, as details surrounding both the Irish and Cypriot bailouts are leaked out," Erlam said.As well as the talks in Europe today, markets will be looking out for a number of other key economic announcements, including consumer price indices from the Eurozone and US, as well as industrial production and consumer confidence figures Stateside. IAG and Aggreko flying high after upgradeAirline group IAG was performing well early on after Morgan Stanley upgraded its recommendation on the stock to 'overweight', while Aggreko received a boost by Deutsche Bank, which upped to shares to 'buy'.In contrast, Royal Dutch Shell was being weighed down by a ratings cut by JPMorgan Cazenove to 'underweight'.FTSE 250 online gaming firm bwin.party slumped after reporting a 17% fall in clean EBITDA in 2012 owing to an increase in gaming taxes and lower sales. The firm also said that the revenues are expected to decline further in 2013. Pubs group Wetherspoons rose after unveiling a 6.9% rise in like-for-like revenue in the first half. The company called the performance "reasonable" given the pressures on the UK consumer.Halma, the safety, health and environmental technology group, edged higher after acquiring ASL Holdings, a Northampton-based business which designs and manufactures machine-to-machine communication products, for £6.5m.Also on the rise was chemicals firm Synthomer after raising its dividend by 57% as it was able to register another year of record profits.FTSE 100 - RisersInternational Consolidated Airlines Group SA (CDI) (IAG) 268.80p +2.32%Evraz (EVR) 251.90p +2.27%ARM Holdings (ARM) 939.00p +1.79%Kazakhmys (KAZ) 544.50p +1.78%Rio Tinto (RIO) 3,367.00p +1.69%Weir Group (WEIR) 2,479.00p +1.56%Croda International (CRDA) 2,731.00p +1.52%Randgold Resources Ltd. (RRS) 5,585.00p +1.27%Anglo American (AAL) 1,887.00p +1.26%Aggreko (AGK) 1,989.00p +1.22%FTSE 100 - FallersG4S (GFS) 298.50p -1.39%Royal Dutch Shell 'B' (RDSB) 2,239.00p -1.28%Royal Dutch Shell 'A' (RDSA) 2,191.50p -1.19%Morrison (Wm) Supermarkets (MRW) 273.60p -0.94%Tate & Lyle (TATE) 832.00p -0.83%Unilever (ULVR) 2,726.00p -0.80%Smith & Nephew (SN.) 746.00p -0.73%SSE (SSE) 1,460.00p -0.68%Centrica (CNA) 353.20p -0.67%HSBC Holdings (HSBA) 735.30p -0.64%FTSE 250 - RisersRentokil Initial (RTO) 99.70p +10.17%Centamin (DI) (CEY) 57.95p +8.32%Ocado Group (OCDO) 180.60p +6.24%Ferrexpo (FXPO) 205.50p +3.32%Redrow (RDW) 182.10p +2.30%Daejan Holdings (DJAN) 3,522.00p +2.06%Victrex (VCT) 1,750.00p +2.04%Dechra Pharmaceuticals (DPH) 735.00p +2.01%Wetherspoon (J.D.) (JDW) 520.00p +1.96%Hochschild Mining (HOC) 309.20p +1.95%FTSE 250 - FallersBwin.party Digital Entertainment (BPTY) 140.60p -7.19%COLT Group SA (COLT) 129.90p -2.70%Inchcape (INCH) 505.00p -2.42%Perform Group (PER) 457.40p -2.27%Investec (INVP) 495.20p -1.75%Booker Group (BOK) 123.10p -1.52%Man Group (EMG) 102.50p -1.25%Genesis Emerging Markets Fund Ltd. (GSS) 579.50p -1.11%Dunelm Group (DNLM) 802.50p -1.05%Templeton Emerging Markets Inv Trust (TEM) 659.00p -0.98%BC
More News
3 Dec 2021 09:44

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

LONDON BROKER RATINGS: Jefferies ups SSE, AJ Bell; Deutsche likes BP

Read more
3 Dec 2021 08:43

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

LONDON MARKET OPEN: Stocks rebound on oil and travel; US jobs ahead

Read more
2 Dec 2021 18:54

UPDATE 2-Shell scraps plans to develop Cambo North Sea oilfield

(Adds detail)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists seeking to ...

Read more
2 Dec 2021 18:54

UPDATE 1-Shell scraps plans to develop Cambo North Sea oilfield

(Adds Siccar Point statement, background)LONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain's devel...

Read more
2 Dec 2021 18:54

UPDATE 3-Shell scraps plans to develop Cambo North Sea oilfield

(Adds investor comment)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists s...

Read more
2 Dec 2021 18:02

Shell and partner scrap plans to develop North Sea oilfield

LONDON, Dec 2 (Reuters) - Royal Dutch Shell and Siccar Point have decided not to go ahead with the development of the Cambo oilfield in the British North Sea due to a weak economic case, Shell said on Thursday."After comprehensive screening of the...

Read more
2 Dec 2021 17:05

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

Read more
2 Dec 2021 12:03

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

Read more
2 Dec 2021 10:08

UPDATE 2-European stocks fall as Omicron worries rattle investors

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* STOXX 600 gives back a chunk of Wednesdays gains* Apple suppliers hit by report on slowing demand* Vifor Pharma surges on takeover speculat...

Read more
2 Dec 2021 08:31

SSE and Equinor to proceed with $4 bln Dogger Bank C offshore wind farm

OSLO, Dec 2 (Reuters) - British utility SSE and Norwegian energy company Equinor have secured financing to proceed with the construction of the 3 billion pound ($3.98 billion) Dogger Bank C offshore wind farm in Britain, the companies said on Thu...

Read more
2 Dec 2021 07:03

Shell launches $1.5bn buyback from Permian sale

(Sharecast News) - Royal Dutch Shell has launched a $1.5bn share buyback as the first stage of returning cash to shareholders from the sale of its Permian business in the US.

Read more
1 Dec 2021 12:10

German oil lobby seeks net zero CO2 emissions by 2045

FRANKFURT, Dec 1 (Reuters) - Germany's oil industry will aim for net zero carbon emissions by 2045, moving away from fossil fuel to low carbon products such as biofuels and renewable energy-derived hydrogen, the industry's lobby group en2x said on...

Read more
1 Dec 2021 12:10

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

Read more
1 Dec 2021 08:54

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

Read more
30 Nov 2021 17:33

UPDATE 3-U.S. security review stalls sale of Shell Texas refinery to Mexico's Pemex

(Updates with comment from congressman critical of sale)By Erwin SebaHOUSTON, Nov 30 (Reuters) - A U.S. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, ...

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.