We would love to hear your thoughts about our site and services, please take our survey 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

UPDATE 2-Trade fears, Shell earnings knock 1% off FTSE

Thu, 31st Oct 2019 09:38

* FTSE 100 down 1.1%, FTSE 250 down 0.5%

* China-U.S. trade fears return

* Shell dips following Q3 update

* Lloyds also weighs on blue-chips

* Crest Nicholson slips after profit warning
(Adds more detail, analyst quote, closing prices)

By Muvija M and Shashwat Awasthi

Oct 31 (Reuters) - The FTSE 100 blue-chip stock index
dropped more than 1% on Thursday, under pressure from
results-driven falls in Shell and Lloyds and the latest tensions
over the U.S.-China trade situation.

The main index ended 1.1% lower on its worst day in
a month, lagging its European counterparts, while losses in the
domestically focused FTSE 250 were capped at 0.5% in
response to stronger sterling.

A report that Chinese officials have doubts over sealing a
comprehensive long-term trade deal with the United States
diverted attention away from the Fed's widely-expected interest
rate cut.

"This could easily turn out to be a ploy by Beijing to try
and gain leverage over the U.S., but for now dealers are content
to trim their equity positions," CMC Markets analyst David
Madden said.

Aside from the trade uncertainty, losses among blue-chips
were down to Shell, the index's most valuable company,
which tumbled more than 4% after warning that uncertain economic
conditions could slow its $25 billion share buyback.

Homebuilder Crest Nicholson dropped 5.1% on the
midcap index after warning that its annual profit could plunge
by as much as a third.

Crest highlighted hits from weak consumer confidence and
flattening prices as a result of Brexit nerves, and blue-chip
housebuilders Persimmon, Barratt and Berkeley
each lost about 1%.

Lloyds shed 1.4% after missing market expectations
for third-quarter earnings.

Precious metals miner Fresnillo topped the main
board with a near 3% rise, as investors turned to safe haven
gold in response to the renewed U.S.-China trade uncertainty.

The FTSE 100 has recorded monthly loss in October, only the
third month this year it has done so, as a rally in sterling
-mostly driven by the risk of a 'no-deal' exit subsiding - hurt
shares in companies that are big exporters.

But the mid-cap index marked its second straight month of
gains.

Gainers among the FTSE 250 were led by specialist media
services firm Future Plc which jumped 11.3% to its
highest since December 2000 following a proposed acquisition of
UK-based print and digital magazine publisher TI Media.

Shares in British Airways owner IAG and telecom
group BT rose 2.2% and 1.4%, respectively, to outperform
the main index after they reported earnings.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru;
Editing by Arun Koyyur/Shounak Dasgupta/Jane Merriman)

More News
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.

Read more
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.

Read more
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.

Read more
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".

Read more
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

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
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...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
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

Read more
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...

Read more
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

Read more
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...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
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 ...

Read more
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 ...

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.