London open: FTSE gains ahead of BoE, Brexit White Paper
2nd Feb 2017 08:31
(ShareCast News) - London stocks were slightly higher in early trading on Super Thursday, as investors awaited a rate decision from the Bank of England, the Inflation Report and minutes together with the government's White Paper on Brexit. As of 0835 GMT the FTSE 100 was up 0.21% or 15.05 points at
Read moreShell posts weaker than expected fourth quarter earnings
2nd Feb 2017 08:15
(ShareCast News) - Oil giant Royal Dutch Shell posted weaker-than-expected fourth quarter profits in part due to extraordinary charges. Shell reported an 8% drop in full-year profits on a current cost of supplies basis to reach $3.53bn, although net income attributable to shareholders was higher by
Read moreShell eyes book profit from $3.8bn sale of North Sea assets
31st Jan 2017 07:54
(ShareCast News) - Royal Dutch Shell has struck a pair of deal to sell assets in the North Sea and offshore Thailand for a total of $4.7bn. In the larger of the two deals, Shell has agreed offload certain UK North Sea assets for a total of up to $3.8bn to Chrysaor, a UK vehicle backed by US priva
Read moreMorgan Stanley eyes disposals at Royal Dutch Shell, hikes target
27th Jan 2017 15:10
(ShareCast News) - Morgan Stanley analysts upped their target price on shares of Royal Dutch Shell, hailing the "substantial improvement" in the oil major's free cash flows. That, analysts Martjin Rats, Haythem Rashed, Sasikanth Chilukuru and Philip Wrede said, meant Shell's was now 'fully covered'
Read moreFriday broker round-up
27th Jan 2017 14:09
(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreBroker tips: Shell, Bovis Homes, housebuilders
4th Jan 2017 15:52
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreWednesday broker round-up
4th Jan 2017 14:30
(ShareCast News) - British American Tobacco: UBS reiterates hold with a target price of 5150p. Bovis: Jefferies reiterates hold, 886p target. Royal Dutch Shell: RBC upgrades to outperform with a 2500p target. Imperial Brands: Berenberg reiterates buy with a 4280p target. Barratt Developments: Deu
Read moreRBC Capital upgrades Shell to 'outperform'
4th Jan 2017 07:53
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreShell completes $66m sale of stake in Malaysian refining business
22nd Dec 2016 12:45
(ShareCast News) - Oil giant Royal Dutch Shell on Thursday completed the sale of its 51% stake in its refining business in Malaysia for $66.3m. The FTSE 100 company sold its interest in the Shell Refining Company Berhad, which includes the 125,000 barrel per day refinery in Port Dickson to Malaysia
Read moreShell sells Japanese stake and Australian aviation fuel unit
19th Dec 2016 08:24
(ShareCast News) - Royal Dutch Shell has completed the $1.4bn sale of a stake in Japan-based Showa Shell Sekiyu and agreed to offload its Australian aviation fuel business. The Anglo-Dutch oil and gas giant sold the 31.2% shareholding in Showa Shell Sekiyu to Idemitsu Kosan for a total amount of 159
Read moreGoldman nudges 2017 Brent oil price forecast higher
16th Dec 2016 09:53
(ShareCast News) - Goldman Sachs reshuffled its oil price forecasts following the recent agreements reached by OPEC and non-OPEC producing nations to take 1.8m barrels a day off the market and forecast slightly higher prices would prevail next year. However, the same production cuts which would boos
Read moreShell CFO Simon Henry steps down, Jessica Uhl to succeed him
15th Dec 2016 07:19
(ShareCast News) - Royal Dutch Shell's chief financial officer Simon Henry will retire after more than seven years in the role, to be succeeded by Jessica Uhl, who will take on the job with effect from 9 March. Henry will remain on the board as CFO until Uhl starts and will be available to her and t
Read moreSector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreOil prices shoot higher after non-OPEC deal, Saudi says will cut more
12th Dec 2016 08:42
(ShareCast News) - Oil prices shot higher after non-OPEC producers agreed to reduce their own output in parallel to the cut announced by the oil cartel on 30 November. Adding to the buying pressure in crude oil futures, shortly after the announcement OPEC linchpin Saudi Arabia said it would lower it
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