Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSB.L Share News (RDSB)

  • There is currently no data for RDSB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: Oil Stocks And Airlines Bookend FTSE 100

Tue, 23rd Apr 2019 10:35

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Royal Dutch Shell 'A', up 2.5%, Shell 'B', up 2.2%, BP, up 2.2%. The oil majors were tracking spot oil prices higher, quoted at USD74.53 a barrel Tuesday, up from USD71.70 at the London equities close Thursday. Oil prices were higher after the US on Monday said it will not extend waivers to eight countries that have been allowed to buy oil from Iran despite US sanctions that went into effect in November. The move is "intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," according to the White House. In the FTSE 250, oil stocks Cairn Energy, Premier Oil and Tullow Oil were up 6.5%, 6.4% and 6.3% respectively. ----------Centrica, up 1.4%. The 'Big Six' energy provider plans to expand its software business, to cash in on increased demand for more flexible grid systems, the Financial Times reported on Monday. According to Jorge Pikunic, Centrica's managing director of Distributed Energy & Power, Centrica is looking to expand the segment's operations over the next three years by "almost fivefold". The group will look to grow the business into a software supplier to other companies, amid plans to increase the amount of renewable energy that currently makes up the UK's electricity supply.----------FTSE 100 - LOSERS----------easyJet, down 3.9%, International Consolidated Airlines Group, down 2.8%. The airline stocks were lower following the rise in the oil price. Higher oil prices result in increased fuel costs for airline operators. In the FTSE 250, Wizz Air was down 2.7%, while Irish carrier Ryanair Holdings was off 3.3%. "Airline stocks are also under pressure as news unfolds that French pilots may walk out in protest in May over a change in legislation. The strike has the potential to disrupt Air France and easyJet flights to and from France in May and comes at a time when airlines are beginning to feel the pinch of higher oil prices," said City Index analyst Fiona Cincotta. ----------FTSE 250 - WINNERS----------Travis Perkins, up 3.0%. Bank of America Merrill Lynch raised the builders' merchant to Buy from Neutral. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Tekcapital, up 65%. The intellectual property investor said its portfolio company has launched a low-sodium salt under the name MicroSalt. The portfolio company, Salarius, develops and manufactures MicroSalt - salt crystals that are around 100 times smaller than table salt. These smaller grains produce a more powerful flavour, which means less sodium is consumed overall. In addition to the MicroSalt launch, Salarius has "secured its first customer to incorporate MicroSalt in their snack food business". The customer, whose name was not disclosed, is a US snack food maker, and the MicroSalt will be dispatched to it in May. Tekcapital owns a 97.5% stake in Salarius.----------Thomas Cook Group, up 17%. The travel agent's shares were higher after Sky News reported on Saturday that the company is in talks over a possible takeover. Sky said it learned that Thomas Cook has "brought in advisers from AlixPartners to work on its balance sheet and cost reduction plans, while its syndicate of more than a dozen lenders has hired FTI Consulting to advise on their financial exposure to Thomas Cook". Fosun, a Chinese company and Thomas Cook's largest shareholder, is reported to be "among those which have lodged a preliminary interest" in buying Thomas Cook's tour operating business. According to Sky: "Analysts also cited EQT and KKR, the two private equity firms which own Kuoni Group and Travelopia respectively, as logical bidders for the London-listed travel company".----------

More News
29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

Read more
18 Sep 2023 11:42

Berenberg says that it is time to return to energy sector

(Sharecast News) - Analysts at Berenberg said the US and European energy sectors could be a way to play the headwinds that they expected to bear down on global equities over the coming quarters.

Read more
21 Dec 2022 18:00

Sector movers: Big Oil supports gains

(Sharecast News) - Big Oil lent its weight to an upside move for the FTSE 350 as the benchmark rebounded from the downdraft registered during the previous week - although some analysts in the City remained wary.

Read more
20 Oct 2022 18:46

Sector movers: Oil and Gas buoyed by speculation about changes in China Covid rules

(Sharecast News) - Oil and Gas shares lent their heft to Thursday's gains, possibly on the back of a report that Beijing was mulling whether to ease Covid-19 rules.

Read more
13 Oct 2022 12:57

J.P. Morgan bullish on Energy, says Q3 favours Shell over BP

(Sharecast News) - Analysts at J.P.Morgan reiterated their 'bullish' stance for Energy equities, highlighting the expected "pivotal" role that European Union oil majors would play in solving energy security.

Read more
3 Aug 2022 16:22

OPEC+ raises output quota ceiling for September by 100,000 barrels per day

(Sharecast News) - The Organisation for Petroleum Exporting Countries and its main allies, whom together are known as OPEC+, revised their combined output quotas for September higher but by far less than in the previous month.

Read more
6 Jul 2022 18:16

Sector movers: Stocks bounce despite drag from Precious Metals, Oil and Gas

(Sharecast News) - A motley assortment of sectors led the FTSE 350's bounce on Wednesday despite the release of weaker-than-expected economic data and the political ructions in Downing Street.

Read more
5 Jul 2022 13:31

European natural gas prices spike as Equinor workers strike

(Sharecast News) - European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.

Read more
30 Jun 2022 15:27

OPEC+ rubber stamps crude oil output quota increase for August

(Sharecast News) - The world's largest grouping of crude oil exporting countries went ahead with plans to raise its permitted output ceiling, as expected.

Read more
15 Jun 2022 10:26

Global oil demand to reach fresh highs in 2023 - IEA

(Sharecast News) - Global demand for oil is forecast to reach fresh highs next year, according to the rich world's oil watchdog , although supply could struggle to keep up.

Read more
30 May 2022 14:34

EU may have reached agreement on partial Russian oil embargo 'in principle'

(Sharecast News) - European Union leaders have reached an agreement on a partial embargo on imports Russian oil, although the deal is not expected to be finalised until in a few weeks' time, possibly in June.

Read more
5 May 2022 14:05

Sector movers: Commodities outperform despite US dollar strength

(Sharecast News) - Oil&Gas topped the leaderboard again on Thursday despite it being of a rollercoaster day for crude oil futures, the latter in part due to US dollar strength.

Read more
25 Apr 2022 00:05

Sunday newspaper round-up: Twitter, British Airways, Russian oil imports

(Sharecast News) - Relations between Twitter and and Elon Musk may be thawing if reports that the former is taking a fresh look at the technology magnate's £33bn takeover offer is anything to go by. According to the Wall Street Journal, the two sides were set to meet on Sunday to discuss the deal and Twitter's board was now said to be "more receptive to a deal". - Sunday Telegraph

Read more
22 Apr 2022 09:45

Morgan Stanley raises Q3 2022 Brent oil price forecast to $130

(Sharecast News) - Analysts at Morgan Stanley said that an array of headwinds meant that oil demand in 2022 would be lower than previously thought.

Read more
27 Mar 2022 23:29

Zelensky says Ukraine ready to discuss 'neutrality', seeks compromise on Donbass

(Sharecast News) - Ukrainian President Volodymyr Zelensky said his country was ready to discuss the official adoption of neutrality and wanted to reach a compromise over the eastern Donbass region.

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.