Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. 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

WINNERS & LOSERS SUMMARY: Taylor Wimpey Leads Housebuilders Lower

Thu, 26th Apr 2018 10:32

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - LOSERS----------Legal & General, down 4.0%, Antofagasta, down 2.9%, Fresnillo, down 1.9%, Glencore, down 1.8%. The stocks went ex-dividend meaning new buyers no longer qualify for the latest dividend payout. Taylor Wimpey, down 3.3%. The housebuilder said the underlying housing market in the UK remained "stable" in the first quarter of the year, though it saw its average private sales rate slip. Taylor Wimpey said average private sales for the year to date was 0.85 per outlet per week, in line with expectations, though this was down from the "very strong comparator" of 0.93 for the equivalent period a year before. As at last week, Taylor Wimpey said its total order book value stood at approximately GBP2.16 billion, down from GBP2.21 billion at week 16 in 2017. The short-term land market remains stable, the company said, with opportunities to acquire land at investment operating profit margins "similar" to those achieved in recent years. Peers Persimmon, Berkeley Group and Barratt Developments were down 1.7%, 1.0% and 0.2% respectively. Royal Dutch Shell 'A', down 2.7%, Shell 'B', down 2.6%. The oil major reported strong earnings growth for its first quarter on the back of higher prices as well as a "very good" performance in its Integrated Gas business. Current cost of supply, or CCS, earnings excluding items increased 41% year-on-year for the three months to March to USD5.44 billion. CCS earnings attributable to shareholders excluding items rose 42% to USD5.32 billion, while including items it rose 69% to USD5.70 billion. The company said the "strong" performance was driven by higher oil and gas prices, as well as the continued good performance of its Integrated Gas Business and higher profit from Upstream operations, though the Downstream business did post lower earnings. Shell's Downstream business earnings excluding items fell 32%, however, to USD1.69 billion. Oil products sales volumes were up 4% year-on-year to 6.79 million barrels a day but chemical sales volumes fell 1% to 4.51 million tonnes. ----------FTSE 250 - WINNERS----------Drax Group, up 8.0%. Merrill Lynch upgraded the power generation company to Buy from Neutral.Elementis, up 4.5%. The speciality chemicals company said it made a solid start to the new year and remains confident in delivering continued progress in 2018, in line with previous expectations. The company said its hectorite-based products for the cosmetics market experienced growth across new product categories and geographies in the new year, while performance in anti-perspirant ingredients improved following pricing actions taken in 2017. The company's coatings division benefited from growth in Europe, Middle East & Africa and the Americas, and a steady performance in Asia. Growth in Energy division moderated against strong comparatives, with good performance in the US and rest of the world, and lower industry activity levels in Canada. Domino's Pizza, up 3.5%. The pizza chain reported an encouraging start to 2018, with like-for-like sales growth in the UK particularly strong. The pizza delivery firm's group system sales increased 18% to GBP311.1 million for the 13 weeks to April 1, and rose just over 10% on an organic basis. In the UK & Republic of Ireland, system sales were up 10% to GBP285.5 million, with a similar organic growth rate. Like-for-like UK sales growth was 7%, and the Republic of Ireland's was 3.5%. UK online sales rose 16% year-on-year for the period, and this made up 79% of first quarter system sales. It opened nine new stores in the UK, and now trades from 1,054 outlets. Domino's is planning to add between 65 and 75 new sites to its UK portfolio in 2018. ----------FTSE 250 - LOSERS----------Hastings Group, down 6.3%. The insurer said poor weather in its first quarter led to higher claims, though premiums and revenue rose. Hastings said the snow and icy weather experienced in the UK in February and March led to a higher increase in claims than normal. However, the firm stressed this should not "significantly" impact its calendar year loss ratio, which it expects to be just below or in its targeted range of 75% to 79%. Hastings also said, as previously announced, the market pricing environment was "challenging" in February and March, though things have improved and it expects to meet its three million customer target during 2019. During the three months to March, gross written premiums rose 5% to GBP226.0 million, and for the 12 months to March they have risen 16% to GBP942.2 million.----------
More News
30 Dec 2021 09:28

UPDATE 2-FTSE 100 edges down as COVID fears dull festive cheer

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Industrial stocks eye best performance in 23 years* Travel and leisure hit by Omicron fears* Ashtead the top YTD performer on FTSE 100* UK ...

Read more
30 Dec 2021 05:33

UPDATE 5-Oil prices rise slightly ahead of OPEC+ meeting next week

* U.S. crude, fuel stocks fell last week; output rises -EIA* Saudi king says OPEC+ pact 'essential' for oil market stability (New throughout, updates prices, market activity and comments to settlement, adds OPEC+ meeting details and PSM details)By...

Read more
28 Dec 2021 09:41

S.African court halts Shell's offshore seismic survey

CAPE TOWN, Dec 28 (Reuters) - A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for...

Read more
27 Dec 2021 14:01

Mexican president says Pemex to close Deer Park deal in January

MEXICO CITY, Dec 27 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) will complete its purchase of a controlling interest in a Texas oil refinery in January, Mexican President Andres Manuel Lopez Obrador said on Monday.Mexico's go...

Read more
24 Dec 2021 10:03

UPDATE 1-Russia says Europe missing out on gas with Nord Stream 2 delay

(Recasts, adds quote, background)MOSCOW, Dec 24 (Reuters) - Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signalled on Friday.Deputy Prim...

Read more
24 Dec 2021 08:26

Russia's Novak: Nord Stream 2 hindered by politics

MOSCOW, Dec 24 (Reuters) - The launch of the Nord Stream 2 natural gas pipeline is being hindered by politics, but Russia still hopes its certification will be completed by mid-2022, Russian Deputy Prime Minister Alexander Novak said on Friday.The...

Read more
24 Dec 2021 08:19

Russia says Nord Stream 2 a bargaining chip for U.S., EU, Interfax reports

MOSCOW, Dec 24 (Reuters) - The Nord Stream 2 gas pipeline project linking Russia with Europe has become a bargaining chip in a game played by the United States and the European Union, Russian Deputy Foreign Minister Sergei Ryabkov said on Friday, ...

Read more
23 Dec 2021 14:14

Third Point's Loeb slams activists after UK fund chairman quits

LONDON, Dec 23 (Reuters) - Hedge fund Third Point's boss Dan Loeb on Thursday blamed the departure of the chairman of the firm's London-listed fund on "inexperienced" and "juvenile antics" of activist investors.Third Point Investors Limited (TPIL)...

Read more
22 Dec 2021 20:56

Shell declares force majeure on Nigerian Forcados crude

LAGOS, Dec 22 (Reuters) - Royal Dutch Shell's Nigerian subsidiary SPDC has declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path by a malfunctioning barge, the company said in a statement.The actio...

Read more
22 Dec 2021 13:49

UPDATE 3-Mexico says U.S. approves Deer Park refinery deal, sees completion early 2022

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery in a transaction that should conclude early next year,...

Read more
22 Dec 2021 13:49

UPDATE 2-Mexico says U.S. government approves Deer Park refinery deal

(Adds context, comment from Pemex CEO)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manu...

Read more
22 Dec 2021 13:49

UPDATE 1-Mexico says U.S. government approves Deer Park refinery deal

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manuel Lopez Obrador said on...

Read more
22 Dec 2021 13:15

Mexico says U.S. government approves Deer Park refinery deal

MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manuel Lopez Obrador said on Wednesday.Lo...

Read more
21 Dec 2021 19:06

UPDATE 1-Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

(Adds U.S. Treasury, CFIUS decline to comment)By Stefanie Eschenbacher and Gary McWilliamsMEXICO CITY/HOUSTON, Dec 21 (Reuters) - A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico's state oil company Petroleos M...

Read more
21 Dec 2021 18:32

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

By Stefanie EschenbacherMEXICO CITY/HOUSTON, Dec 21 (Reuters) - A pair of New York businessmen filed a lawsuit in a U.S. court seeking to block Mexico's state oil company Petroleos Mexicanos (Pemex) from taking control of a Texas refinery, claimin...

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.