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
16 Dec 2021 22:13

UPDATE 2-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds approval expected by Jan. 13)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 stat...

Read more
16 Dec 2021 14:42

Latin American oil auctions kick off after two-year lull

* 11 firms registered to bid in Brazil's auction on Friday* Competition expected to be fiercest since 2018* Seven Latin American nations to hold auctions in 2022-2023By Marianna Parraga and Sabrina ValleHOUSTON, Dec 16 (Reuters) - Latin America's oil...

Read more
15 Dec 2021 12:16

Five companies seek to develop CO2 storage off Norway

OSLO, Dec 15 (Reuters) - Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in th...

Read more
15 Dec 2021 10:10

UPDATE 2-FTSE dips as inflation surges to 10-year high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* IAG down on plans to cancel Air Europa acquisition* Rentokil falls for second day on M&A plans* Inflation jumped to 5.1% in Nov vs. 4.2% in...

Read more
15 Dec 2021 09:33

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

Read more
14 Dec 2021 09:40

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

Read more
13 Dec 2021 16:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
13 Dec 2021 11:48

Brazil's oil regulator approves Mero oilfield production agreement

SAO PAULO, Dec 13 (Reuters) - Brazilian state-run oil company Petrobras said on Monday that the country's oil regulator ANP has approved a production agreement for the Mero oilfield, deciding on which stake of its oil and gas output will be hold ...

Read more
13 Dec 2021 10:16

UPDATE 2-Energy, bank stocks drag London's FTSE 100; Omicron fears weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Purplebricks plunges after delaying results* SThree drops as CEO steps down* FTSE 100 down 0.8%, FTSE 250 off 1.2% (Updates to close)By Ba...

Read more
13 Dec 2021 07:22

Qatar Energy acquires 17% stake in Shell-operated concessions in Egypt

DUBAI, Dec 13 (Reuters) - Qatar Energy will acquire a 17% stake in two Shell-operated concessions (Block 3 and Block 4) in Egypt's Red Sea region, Shell Egypt said on Monday.Shell will remain the main operator of the concessions, Shell Egypt's st...

Read more
12 Dec 2021 14:00

Activist group targets Exxon with shareholder climate resolution

* Follow This targets Exxon for first time* Dutch group also targets other energy companiesBy Ron Bousso and Sabrina ValleLONDON, Dec 12 (Reuters) - Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging i...

Read more
10 Dec 2021 23:26

UPDATE 1-Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

(Adds no reply from company)HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, sa...

Read more
10 Dec 2021 20:44

Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, said sources familiar with pl...

Read more
10 Dec 2021 16:57

Can we still be friends? Shell sends Dutch PM parting note

By Toby SterlingAMSTERDAM, Dec 10 (Reuters) - On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London https://www.reuters.com/markets/europe/royal-dutch-shell-plc-shareholders-set-approve-move-london...

Read more
10 Dec 2021 15:29

Belarus oil firm cancels 2022 exports to Germany after EU sanctions - traders

MOSCOW, Dec 10 (Reuters) - Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter said on Friday.On ...

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.