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
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

Read more
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

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.