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 slip after China manufacturing data

Thu, 02nd Jan 2014 08:19

- FTSE 100 pulls back as data schedule ramps up- Chinese manufacturing growth slowed in December- Debenhams CFO leaves after profit warningtechMARK 2,782.24 +0.03%FTSE 100 6,733.20 -0.24%FTSE 250 15,910.82 -0.15%UK markets started the first session of 2014 trading in the red after data showed that activity growth in China's manufacturing sector eased in December.After a quiet couple of weeks over the festive period, volumes are expected to pick up over the next two days with a significant increase in the number of economic data releases likely to keep traders on their toes.The FTSE 100, which had risen by nearly 5% in the final two and a half weeks of 2013, was trading around 0.2% lower on Thursday morning at 6,730. For the whole of last year, the Footsie rose by 14.4%, its best annual gain since 2009.Economic data in focusChina's official manufacturing purchasing managers' index (PMI), released on Wednesday, fell from 51.4 to 51, missing the 51.2 expected by analysts. Meanwhile, Thursday's HSBC/Markit survey showed that the manufacturing PMI declined from 50.8 to 50.5, broadly in line with forecasts.While both figures came in above 50, indicating growth, they showed that the rate of manufacturing expansion had decelerated during the month."If we continue to see declines here, people are going to start to worry about whether China can maintain such high growth rates in 2014," said Market Analyst Craig Erlam from Alpari. "Last year, only a targeted stimulus programme from the government prevented growth falling below 7%, these figures suggest similar efforts may be needed in 2014," he said.Other data out today includes manufacturing PMIs from the UK, Eurozone and US, as well as initial jobless claims and construction spending figures from the States.Retailers recover after John Lewis updateRetailers were performing well today, recovering after a Debenhams-inspired sell-off on Tuesday following its profit warning. The stock rose this morning on the news that its Chief Financial Officer Simon Herrick would be stepping down. Sentiment in the industry has also recovered slightly after retail bellwether John Lewis reported strong sales in the lead-up to Christmas. Kingfisher, Sainsbury, Tesco and Sport Direct were all making gains this morning. Next was also wanted ahead of its trading update due out tomorrow.Royal Dutch Shell fell despite the news that it has completed the purchase of $4.1bn of liquefied natural gas (LNG) assets from Spanish rival Repsol at a better price than previously announced. Sector peer Ophir Energy slumped after it failed to discover oil or gas in the first of its much-anticipated "high impact" wells drilled offshore Tanzania in 2014. The highly prospective Mlinzi Mbali-1 well in Ophir's 80%-owned Block 7 was found to be water-bearing, a disappointing result in what is thought to be one of the largest prospects to ever be drilled in the region.FTSE 100 - RisersRSA Insurance Group (RSA) 92.65p +1.37%Kingfisher (KGF) 389.80p +1.33%Royal Bank of Scotland Group (RBS) 341.90p +1.12%Hargreaves Lansdown (HL.) 1,366.00p +0.89%Royal Mail (RMG) 575.00p +0.88%Associated British Foods (ABF) 2,464.00p +0.78%Next (NXT) 5,485.00p +0.64%Sports Direct International (SPD) 719.00p +0.56%Experian (EXPN) 1,120.00p +0.54%BAE Systems (BA.) 437.30p +0.53%FTSE 100 - FallersAberdeen Asset Management (ADN) 490.60p -1.88%Anglo American (AAL) 1,299.50p -1.55%TUI Travel (TT.) 408.30p -1.16%G4S (GFS) 259.70p -1.07%Fresnillo (FRES) 737.50p -1.07%Centrica (CNA) 344.00p -1.06%Carnival (CCL) 2,477.00p -0.96%BHP Billiton (BLT) 1,852.50p -0.88%Unilever (ULVR) 2,461.00p -0.85%Antofagasta (ANTO) 817.00p -0.85%FTSE 250 - RisersDiploma (DPLM) 711.50p +5.41%Hikma Pharmaceuticals (HIK) 1,238.00p +3.08%Dunelm Group (DNLM) 923.00p +2.56%Micro Focus International (MCRO) 783.00p +1.95%Telecity Group (TCY) 738.00p +1.72%Rank Group (RNK) 137.20p +1.63%Merlin Entertainments (MERL) 363.30p +1.62%Genus (GNS) 1,316.00p +1.46%Lonmin (LMI) 313.00p +1.46%Rathbone Brothers (RAT) 1,635.00p +1.30%FTSE 250 - FallersOphir Energy (OPHR) 305.70p -6.74%Hellermanntyton Group (HTY) 295.30p -2.22%JD Sports Fashion (JD.) 1,425.00p -2.20%IP Group (IPO) 166.50p -1.94%National Express Group (NEX) 270.20p -1.82%Synthomer (SYNT) 250.00p -1.77%Berkeley Group Holdings (The) (BKG) 2,611.00p -1.69%Big Yellow Group (BYG) 469.90p -1.69%Tullett Prebon (TLPR) 370.20p -1.67%Imagination Technologies Group (IMG) 175.00p -1.63%BC
More News
21 Dec 2021 12:00

Oman's gas project for block 10 in Saih Rawl filed is expected to reach production of 0.5 bln cubic feet per day - ministry

Cairo, Dec 21 (REUTERS) - Oman's energy ministry said on Tuesday that the gas project for block 10 in the Saih Rawl gas field is expected to reach production of 0.5 billion cubic feet of gas per day.It added on Twitter that the project start up is...

Read more
21 Dec 2021 09:41

UPDATE 2-European shares rebound from Monday sell-off as energy stocks, miners jump

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* ING to quit French retail banking business* Sanofi's $1 bln Amunix buyout to add to drugmaker's pipeline* European chipmakers rise on Micr...

Read more
20 Dec 2021 11:27

Britain consults on climate checks for new oil and gas licences

LONDON, Dec 20 (Reuters) - Britain on Monday called for views on potential checks for new oil and gas licences to assess whether projects are in line with the country’s climate commitments.Britain has a target to reach net zero emissions by 2050 a...

Read more
20 Dec 2021 09:54

UPDATE 2-UK shares fall as Omicron concerns hit commodity, travel stocks

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Standard Chartered fined $61.51 mln for regulatory lapses* Oil, metal prices fall as Omicron fuels demand worries* FTSE 100 down 1.0%, FTSE...

Read more
17 Dec 2021 17:04

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

LONDON MARKET CLOSE: FTSE 100 outperforms Europe as Omicron cases rise

Read more
17 Dec 2021 16:35

UPDATE 4-Brazil's oil auction raises $2 billion as Total, Shell pile in

(Adds comments from analyst, TotalEnergies)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Malaysia's Petronas and Qatar Energy on Friday scooped up big offshore field...

Read more
17 Dec 2021 16:35

UPDATE 3-Brazil's offshore field raise $2 billion as Total, Shell pile in

(Adds details on production, updates share prices)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - France's TotalEnergies , Royal Dutch Shell, Petrobras, Malaysia's Petronas and Qatar Energy scooped up big offsho...

Read more
17 Dec 2021 16:35

UPDATE 2-Total, Shell pile into Brazil's offshore fields in $2 billion sale

(Adds details on bids, adds analyst comment)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - TotalEnergies SE , Royal Dutch Shell PLC, Petrobras, Petronas and Qatar Energy scooped up two blockbuster offshore fiel...

Read more
17 Dec 2021 16:35

UPDATE 1-Foreign oil firms pile into Brazil's offshore fields in $2 billion sale

(Updates with results of auction)By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - Petrobras, Petronas, TotalEnergies SE, Royal Dutch Shell and Qatar Energy scooped up two blockbuster offshore fields in Brazil on ...

Read more
17 Dec 2021 11:24

Just Eat adds Asda to platform, first UK partnership in grocery sector

Just Eat adds Asda to platform, first UK partnership in grocery sector

Read more
17 Dec 2021 11:00

Top oil majors set for 2nd shot at coveted Brazil 'pre-salt' offshore fields

By Gram Slattery, Marta Nogueira and Sabrina ValleRIO DE JANEIRO, Dec 17 (Reuters) - The world's top oil majors will compete in Brazil on Friday for the chance to snatch up some of the world's most coveted offshore oilfields, a test of the nation'...

Read more
17 Dec 2021 09:52

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

IN BRIEF: Smart Metering extends exclusivity agreement with Shell

Read more
17 Dec 2021 07:59

Just Eat strikes first British grocery deal with Asda

AMSTERDAM, Dec 17 (Reuters) - Just Eat Takeaway.com said on Friday it had struck a deal with British supermarket group Asda to sell groceries through its delivery platform.The deal, Just Eat's first with a major British supermarket chain, comes a...

Read more
17 Dec 2021 07:51

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit

Read more
16 Dec 2021 22:13

UPDATE 3-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds bakground from Pemex source)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican state...

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.