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Sector movers: Interest rate-sensitive issues pace gains

Fri, 02nd Sep 2016 16:11

(ShareCast News) - The safest and highest dividend-paying stocks paced gains on the market at the end of the week, as a weaker-than-expected US jobs report for August reaffirmed some economists´ view that the US central bank was unlikely to hike interest rates come September.Thus, it was the likes of Unilever, Imperial Brands which paced gains in the Personal Goods and Tobacco sectors, with utility stocks tagging along for the ride.Shares in oil and gas producers also bounded higher as crude oil futures bounced back on the heels of supportve remarks from Russian president Vladimir Putin.In an interview with Bloomberg, Putin called for an agreement between OPEC and non-OPEC members to freeze their output at current levels, with a special exemption to be granted to Iran."From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise," Putin said from Vladivostok."I am confident that everyone understands that. We believe that this is the right decision for world energy."Real estate shares trailed the rest of the pack after retirement housebuilder McCarthy & Stone reported a rise in revenue in the year to the end of August but said there has been evidence of some weakness in the secondary housing market since its update at the end of June, sending its shares sharply lower.Worth noting perhaps, Berkeley Group´s abrupt decision to halt work on a luxury development in London may point to rough seas ahead for the sector in the wake of the referendum vote.The luxury homebuilder halted construction at the £20m Barnes Village project in southwest London but declined to provide a reason, Reuters reported.Top performing sectors so far todayPersonal Goods 31,549.09 +3.56%Tobacco 57,302.57 +3.54%Health Care Equipment & Services 7,827.94 +2.86%Oil & Gas Producers 7,099.61 +2.83%Gas, Water & Multiutilities 6,620.91 +2.77%Bottom performing sectors so far todayReal Estate Investment Trusts 3,027.45 -0.48%Real Estate Investment & Services 2,496.43 -0.32%Alternative Energy 0.00 0.00%
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20 Jan 2022 12:01

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

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20 Jan 2022 09:54

UPDATE 2-Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deliveroo fourth-quarter order growth jumps* Premier Foods top midcap gainer on strong profit outlook* Unilever abandons plan to buy GSK's ...

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19 Jan 2022 21:37

Shell to carry out Pernis, Netherlands oil refinery maintenance until end of June

AMSTERDAM, Jan 19 (Reuters) - Royal Dutch Shell said on Wednesday it plans to carry out major maintenance work at its Pernis oil refinery in the Netherlands in the coming five months."We will inspect a large number of installations from the insid...

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19 Jan 2022 08:56

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

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18 Jan 2022 17:05

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

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18 Jan 2022 13:08

UPDATE 1-Norway awards 53 new petroleum production licences

(Adds detail, quotes)OSLO, Jan 18 (Reuters) - Norway awarded 53 new petroleum production licences on the Norwegian continental shelf in the latest licensing round for mature areas, the oil and energy ministry said on Tuesday.Stakes were offered to...

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18 Jan 2022 13:00

Angry investors seek to appoint board member to Third Point UK fund

LONDON, Jan 18 (Reuters) - Activist investors in Third Point's London-listed fund want independent director Richard Boleat appointed to the board to improve corporate governance, they said in a letter to shareholders on Tuesday.Third Point Investo...

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18 Jan 2022 12:51

UPDATE 2-Climate activists lose court case against UK oil regulator

(Adds reaction from government minister)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's ...

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18 Jan 2022 12:51

UPDATE 1-Climate activists lose court case against UK oil regulator

(Add climate activists' response)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions...

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18 Jan 2022 12:14

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

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18 Jan 2022 09:44

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

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18 Jan 2022 09:03

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

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17 Jan 2022 10:33

UPDATE 2-Oil majors, Iberdrola among winners set to harness Scottish wind

(Updates throughout)By Nina ChestneyLONDON, Jan 17 (Reuters) - Utility Iberdrola and oil majors BP and Shell are among companies offered seabed rights to develop offshore wind projects in the first tender of its kind in over a decade, Crown Estate...

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17 Jan 2022 10:33

UPDATE 3-Scottish wind sale nets nearly $1 billion with Shell, BP among winners

(Adds comment from Shell, BP, analysts)By Nina ChestneyLONDON, Jan 17 (Reuters) - BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pou...

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17 Jan 2022 10:33

UPDATE 1-Crown Estate Scotland offers 17 projects seabed rights for offshore wind

(Adds more detail)By Nina ChestneyLONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has offered seabed right agreements to 17 projects in its ScotWind leasing round which is aimed at supporting wind energy development.Out of 74 ap...

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