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: Stocks rebound from seven-week low, but Iraq still in focus

Tue, 17th Jun 2014 08:20

- FTSE 100 rebounds from lowest since April 28th- Iraq tensions continue, US deploys troops- UK inflation data in focus- Shire gains on M&A hopes, Astra also in spotlighttechMARK 2,802.94 +0.21%FTSE 100 6,762.27 +0.11%FTSE 250 15,730.40 +0.15%UK stocks rose slightly on Tuesday morning, bouncing off a seven-week low, helped by yet more M&A speculation in the pharmaceutical sector.The FTSE 100 was trading 0.1% higher at 6,762 in early trading.Stocks have been under pressure in recent sessions on the back of continued fighting in Iraq between the army and Sunni Islamist militants. These concerns have sent oil prices to multi-month highs while the FTSE 100 fell to 6,754.64 on Monday, its worst finish since April 28th.The US government has deployed 275 personnel to Iraq to provide support and security for the US embassy in Baghdad. However, yet more violence overnight will likely keep markets in a cautious mood today on reports that parts of the city of Baquba - just 37 miles from the capital - have been taken over by the rebels.Investors were also awaiting a host of economic data from the UK this morning, including consumer price index (CPI) figures that are expected to show a dip in the annual rate of inflation from 1.8% to 1.7% in May. Retail and producer price indices are also due out today.Elsewhere, there will be the closely-watched ZEW economic sentiment surveys from Germany and the Eurozone today, along with CPI figures and housing data from the States later on.US data will be in focus ahead to the latest two-day policy meeting at the Federal Reserve, which kicks off today. Analysts widely expect the US central bank to continue tapering asset purchases by $10bn a month to $35bn, but will be keeping an eye out for comments on the economic outlook from Fed Chair Janet Yellen.Pharma M&A continues, Whitbread gainsPharmaceutical group Shire was making gains after Reuters reported that it has hired investment bank Citi as an advisor as it braces for takeover bids. The company's Irish tax base and its mid-sized market value of £22bn makes it a prime acquisition target, analysts told the news agency.Drugs giant AstraZeneca was lower on reports that it is on the lookout for new potential acquisitions and partnerships in an effort to improve shareholder value. Following the company's rejection of Pfizer's bid last month, Chief Executive Pascal Soriot is said to have sought advice from investment bank Centerview Partners. A buoyant hotel market helped Premier Inn owner Whitbread to book a 6.9% rise in like-for-like sales in the first quarter of the year, causing shares to rise early on.Oil major Royal Dutch Shell fell on the news that it is to raise around $5bn after tax through the sale of a hefty chunk of its stake in Australian energy group Woodside Petroleum.Meanwhile, natural gas producer BG Group edged higher after selling its stake in the Central Area Transmission System gas pipeline in the North Sea for £562m.Surrey-based housebuilder Crest Nicholson was in demand after saying business has continued to flourish in a good housing market. The company said that with an improving economic backdrop it remains confident for the full-year.Other housebuilders such as Persimmon, Barratt Developments and Bellway were also on the rise after JPMorgan downplayed concerns in the housing sector about an early interest rate rise. The bank said that Friday's sell-off among housing stocks was unwarranted.Industrial rental group Ashtead, however, underwhelmed after saying that profits hit record levels in the year to April 30th, helping earnings beating expectations comfortably. Shares were sharply lower this morning.Inkjet printing group Xaar plummeted early on after saying that it now expected revenues in 2014 to be below last year.Mining stocks were mostly lower this morning as metal prices fell. Randgold, BHP Billiton, Fresnillo and Anglo American were in the red.FTSE 100 - RisersWhitbread (WTB) 4,336.00p +4.03%Shire Plc (SHP) 3,647.00p +3.14%easyJet (EZJ) 1,463.00p +1.95%International Consolidated Airlines Group SA (CDI) (IAG) 384.50p +1.67%Hargreaves Lansdown (HL.) 1,286.00p +1.66%Sage Group (SGE) 396.70p +1.56%Tullow Oil (TLW) 869.50p +1.52%TUI Travel (TT.) 390.00p +1.38%Aberdeen Asset Management (ADN) 451.20p +1.37%Persimmon (PSN) 1,203.00p +1.35%FTSE 100 - FallersAshtead Group (AHT) 860.50p -2.99%Randgold Resources Ltd. (RRS) 4,508.00p -2.32%Fresnillo (FRES) 806.00p -1.95%Anglo American (AAL) 1,399.50p -1.58%Kingfisher (KGF) 364.30p -1.51%BT Group (BT.A) 379.50p -1.40%BHP Billiton (BLT) 1,847.00p -0.97%Tesco (TSCO) 286.45p -0.83%Marks & Spencer Group (MKS) 434.60p -0.75%Diageo (DGE) 1,870.50p -0.72%FTSE 250 - RisersCrest Nicholson Holdings (CRST) 335.40p +3.20%Greencore Group (GNC) 279.50p +2.76%NMC Health (NMC) 450.00p +2.04%Supergroup (SGP) 923.00p +1.99%Restaurant Group (RTN) 581.00p +1.93%CSR (CSR) 610.00p +1.84%Ted Baker (TED) 1,845.00p +1.82%Perform Group (PER) 270.40p +1.73%888 Holdings (888) 114.90p +1.68%JD Sports Fashion (JD.) 1,650.00p +1.48%FTSE 250 - FallersXaar (XAR) 578.00p -22.15%Home Retail Group (HOME) 177.10p -2.64%Imagination Technologies Group (IMG) 235.90p -2.44%Polymetal International (POLY) 530.50p -2.39%Mitchells & Butlers (MAB) 395.30p -1.79%Kazakhmys (KAZ) 280.30p -1.30%esure Group (ESUR) 268.80p -1.25%Evraz (EVR) 90.90p -1.20%Synergy Health (SYR) 1,345.00p -1.10%Intu Properties (INTU) 308.20p -1.06%BC
More News
7 Jan 2022 08:17

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

Read more
7 Jan 2022 07:57

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

Read more
7 Jan 2022 07:49

Shell to proceed with share buyback 'at pace' despite weaker oil performance

(Sharecast News) - Royal Dutch Shell said its $7bn share buyback programme would continue "at pace" despite weaker oil product sales due to the Omicron Covid variant and forex headwinds in Turkey.

Read more
7 Jan 2022 07:27

UPDATE 3-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds share price)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from t...

Read more
7 Jan 2022 07:27

UPDATE 1-Shell to continue $7 bln buyback programme 'at pace'

(Adds detail)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COV...

Read more
7 Jan 2022 07:27

UPDATE 2-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds details, graphics)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue its $7 billion share buyback programme after selling ...

Read more
7 Jan 2022 07:10

Shell to continue $7 bln buyback programme 'at pace'

LONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COVID-19 variant.(Reporting b...

Read more
6 Jan 2022 23:48

U.S. court rejects laundromat owners' bid to block sale of Texas oil refinery to Mexico's Pemex

By Stefanie EschenbacherHOUSTON/MEXICO CITY, Jan 6 (Reuters) - A U.S. court on Thursday tossed out a request from two laundromat owners to block Mexican state oil company Petroleos Mexicanos (Pemex) from acquiring majority control of a Texas oil r...

Read more
6 Jan 2022 12:16

UPDATE 2-Key Kazakh oil fields pump despite protests

(Updates with Shell, details, background)By Ron Bousso and Rowena EdwardsLONDON, Jan 6 (Reuters) - Oil production at Kazakhstan's top three fields is continuing even as some contractors gathered outside the largest Tengiz field in support of protes...

Read more
6 Jan 2022 12:00

Shell-backed U.S. solar developer raises $775 million in equity

By Nichola GroomJan 6 (Reuters) - Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell, on Thursday said it raised $775 million in equity capital from new and existing investors.The announcement comes as renewable energ...

Read more
5 Jan 2022 09:54

UPDATE 2-Commodity-linked stocks lift UK's FTSE 100 after dull start

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Ocado, LSEG, Ferguson gain as brokerages raise share ratings* Gains in oil majors offset risk-off sentiment* FTSE 100 up 0.2%, FTSE 250 of...

Read more
4 Jan 2022 17:00

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

Read more
4 Jan 2022 12:04

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

Read more
3 Jan 2022 13:26

U.S. refiner HollyFrontier warns of lower than expected throughput

Jan 3 (Reuters) - U.S. oil refiner HollyFrontier Corp's fourth-quarter throughput will be lower than forecast, hit by weather and turnaround setbacks at refineries in Washington, New Mexico and Oklahoma, the company warned on Monday.Flooding in B...

Read more
31 Dec 2021 13:08

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

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.