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London pre-open: Stocks seen touch lower as investors eye Fed

Mon, 14th Dec 2015 07:29

(ShareCast News) - London stocks are set to open lower on Monday, taking their cue from losses in Asia, as weaker oil prices and this week's interest rate decision from the Federal Reserve keep investors on edge.The FTSE 100 is expected to open four points lower than Friday's close at 5,948."Global markets sold off sharply last week after sliding oil prices renewed fears that demand is slipping, just as the world's largest economy is about to raise interest rates from zero," said Jasper Lawler, market analyst at CMC Markets."The FTSE 100's sensitivity to commodity prices has seen the index give up almost all its gains since the end of September. Despite Mario Draghi disappointing at the last ECB meeting, Germany's DAX index has only given up just over half its gains in expectation of ECB stimulus since the September lows."He added that the price of oil price will likely play a big role in whether stock markets finish up or down in the days preceding the Federal Reserve decision on Wednesday evening.Shell/BG deal gets China approvalRoyal Dutch Shell said its planned £55bn merger with BG Group has received unconditional merger clearance from the Chinese Ministry of Commerce ("MOFCOM").The green light comes after similar approvals in Brazil, the EU and Australia. MOFCOM clearance marks the final pre-conditional approval required for the combination."We're grateful to MOFCOM for its thorough and professional review of the recommended combination, and I am delighted we now have all the pre-conditional approvals needed to move to the next important phase," said Shell CEO Ben van Beurden."This is a strategic deal that will make Shell a more profitable and resilient company in a world where oil and gas prices could remain lower for some time. We will now seek approval from both sets of shareholders as we move towards deal completion in early 2016.Diageo has appointed Guinness Nigeria as its exclusive distributor of its international premium spirits brands.The FTSE 100 drinks company announced on Monday that Guinness Nigeria, in which Diageo has a 54.3% shareholding, will become the exclusive distributor of its international premium spirits brands from 1 January 2016. In the year ended 30 June 2015, Diageo's international premium spirits net sales in Nigeria were £20m.Media company WPP has agreed to merge its Australian and New Zealand businesses with STW Communications Group and increase its shareholding from 23.6% to 61.5%.The transaction will be structured through a contribution of WPP's Australian and New Zealand businesses into STW, for an enterprise value of A$512m, with consideration consisting of the issue to WPP of new STW shares and a shareholder loan.
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27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

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21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

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15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

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7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

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31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

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31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

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28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

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27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

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26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

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26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

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26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

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26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

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25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

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25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

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