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: UK stocks extend slide as Chinese data disappoints

Tue, 16th Dec 2014 08:20

Yet more disappointing economic data from China pushed UK stocks lower for the seventh straight session on Tuesday, with markets extending losses despite plunging to an 18-month low the previous session.Not even the news that the Bank of England (BoE) has given a clean bill of health to seven out of eight of the UK's top financial institutions could ease the slide, with sentiment still fragile after the recent sell-off.London's FTSE 100 was trading 0.5% lower at 6,152 early deals.Weighing on stocks was the news that Chinese factory output contracted more than expected this month. HSBC's China manufacturing purchasing managers' index declined from the break-even point of 50 in November to 49.5 in December, worse than the consensus forecast of 49.8.The FTSE 100 sank 1.7% to finish at 6,182.72 on Monday - its worst close since June 2013 - as commodity stocks tanked on the falling oil price.Both Brent and West Texas Intermediate (WTI) crude have fallen by over 45% this year and were continuing to set fresh five-year lows. Brent in particular dropped below $60 a barrel on Tuesday, a level not seen since July 2009."Fear has spread through the markets causing another dismal day for equities, oil and a surprise interest rate hike," said Rocky Muddar, a trader at TradeNext.The recent slide in oil further hammered Russia's rouble on Monday - down 50% against the dollar this year - prompting Moscow to take the drastic move and hike interest rates from 10.5% to 17%.Banks in focus after BoE stress testsSeven out of eight of the UK's largest banks and building societies have passed the BoE's latest round of stress tests, with the struggling Co-operative Bank being the only lender to have failed. BoE governor Mark Carney said that the results show that "the core of the banking system is significantly more resilient".However, both RBS and Lloyds only narrowly managed to exceed the minimum capital buffer of 4.5% under the most severe economic scenario, achieving ratios of just 4.6% and 5.0% respectively. The sector as a whole was trading lower early on.BT Group was subdued after announcing after the close that it intends to buy UK mobile network operator EE for £12.5bn in a cash-and-stock deal. The company will be giving EE's owners Deutsche Telekom and Orange stakes of 12% and 4%, respectively.Mining giants Fresnillo, BHP Billiton and Anglo American were in the red after the worse-than-expected data from top metals user China, while oil producers BP, Tullow Oil and Shell were continuing to track the price of crude lower.Market MoverstechMARK 2,817.81 -0.24%FTSE 100 6,151.93 -0.50%FTSE 250 15,159.66 -0.49%FTSE 100 - RisersUnited Utilities Group (UU.) 912.50p +1.84%Severn Trent (SVT) 1,937.00p +1.25%BAE Systems (BA.) 439.40p +1.01%Hargreaves Lansdown (HL.) 917.00p +0.88%Rolls-Royce Holdings (RR.) 815.50p +0.74%3i Group (III) 416.80p +0.72%Sky (SKY) 869.00p +0.70%Centrica (CNA) 263.90p +0.69%Capita (CPI) 1,008.00p +0.60%Imperial Tobacco Group (IMT) 2,693.00p +0.49%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 3,945.00p -3.64%BP (BP.) 365.10p -2.18%Antofagasta (ANTO) 672.50p -1.97%Fresnillo (FRES) 698.00p -1.97%Mondi (MNDI) 986.50p -1.94%Anglo American (AAL) 1,078.00p -1.87%BHP Billiton (BLT) 1,252.50p -1.84%Tullow Oil (TLW) 352.20p -1.84%Sainsbury (J) (SBRY) 225.20p -1.79%Weir Group (WEIR) 1,683.00p -1.58%FTSE 250 - RisersEuromoney Institutional Investor (ERM) 1,029.00p +2.90%Computacenter (CCC) 595.00p +1.97%NMC Health (NMC) 475.90p +1.69%JD Sports Fashion (JD.) 486.50p +1.50%Caledonia Investments (CLDN) 2,290.30p +1.34%Entertainment One Limited (ETO) 301.50p +1.14%Pennon Group (PNN) 877.50p +1.09%Morgan Advanced Materials (MGAM) 289.40p +1.08%Workspace Group (WKP) 699.50p +1.01%COLT Group SA (COLT) 127.20p +0.95%FTSE 250 - FallersEnQuest (ENQ) 31.37p -8.81%Vedanta Resources (VED) 537.50p -5.04%Home Retail Group (HOME) 179.70p -4.92%Centamin (DI) (CEY) 50.95p -4.86%Evraz (EVR) 114.90p -4.33%Polymetal International (POLY) 572.00p -3.54%Fenner (FENR) 190.60p -3.10%RPS Group (RPS) 200.50p -2.86%Premier Oil (PMO) 147.60p -2.77%Petra Diamonds Ltd.(DI) (PDL) 180.00p -2.65%
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.