Directors dealings: Shell finance chief takes some chips off the table
5th Dec 2016 16:41
(ShareCast News) - Royal Dutch Shell's finance boss took advantage of the jump in the company's share price immediately following OPEC's decision to cut its output to sell some of his holdings in the oil producer. According to a statement issued by the company, Simon Henry unloaded 50,000 B-shares a
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreITM Power gains permission to build Beaconsfield hydrogen station
18th Nov 2016 08:06
(ShareCast News) - ITM Power, an energy storage and clean fuel company, has been granted planning permission from South Buckinghamshire District Council to construct a hydrogen refuelling station at oil behemoth Royal Dutch Shell's filling station in Beaconsfield. This will be the first hydrogen ref
Read moreShell to continue investing heavily in Brazil
11th Nov 2016 07:43
(ShareCast News) - Royal Dutch Shell planned to continue investing heavily in Brazil over the next five years, with the aim of doubling its deep-water production by the early 2020s. In remarks to The Wall Street Journal, the firm´s executive vice president for deep-water, Wael Sawan, said Shell woul
Read moreOil companies launch $1bn fund to tackle climate change
4th Nov 2016 11:05
(ShareCast News) - A group of oil companies has launched a $1bn fund to lower emissions as the Paris climate change agreement came into force on Friday. The Oil and Gas Climate Initiative (OGCI), which includes ten companies that account for over a fifth of global oil and gas production and over 10%
Read moreThursday broker round-up
3rd Nov 2016 11:39
(ShareCast News) - IAG: Deutsche Bank keeps at buy with a target price of 540p. Just Eat: Goldman Sachs stays at buy, 760p target. Next: Credit Suisse downgrades to underperform with a 4600p target. G4S: Deutsche Bank upgrades to hold with a 220 with a 3035p target. Cineworld: HBSC starts coverag
Read moreWednesday broker round-up
2nd Nov 2016 11:59
(ShareCast News) - Lancashire: JP Morgan keeps at neutral with a target price of 595p. Rolls Royce: UBS stays at neutral, 800p target. Rio Tinto: Barclays reiterates overweight with a 3200p target. Derwent London: Goldnman Sachs reiterates buy with a 3035p target. TUI AG: UBS reiterates buy with
Read moreShell's Q3 earnings improve but outlook remains uncertain
1st Nov 2016 07:08
(ShareCast News) - Royal Dutch Shell's third quarter results improved from the second and beat forecasts, however the oil giant remains uncertain about the oil price outlook. Earnings, excluding exceptional items, rose 18% to $2.8bn compared to the same quarter last year, above the forecast consensu
Read moreTuesday preview: BP and Shell report quarterly results
31st Oct 2016 12:53
(ShareCast News) - BP is on Tuesday expected to reveal its profits more than halved in the three months to September as low oil prices continue to weigh. The oil producer is forecast to post quarterly underlying profits of $780m, down from $1.8bn in the same period a year earlier, as oil prices aver
Read moreRise of electric batteries casts shadow over oil companies, Fitch warns
18th Oct 2016 11:06
(ShareCast News) - Rapid improvements in battery technology are making electric vehicles (EVs) increasingly popular and casting a significant shadow over prospects for future oil demand, a major credit agency has warned. Fitch Ratings warned that a further leap forward in battery technology would ma
Read moreTuesday newspaper round-up: Bonds, Shell, bookmaker levy, farm boost
18th Oct 2016 06:56
(ShareCast News) - Investors dumped UK government bonds yesterday in one of the heaviest sell-offs since the Brexit vote as international demand for sterling assets declined rapidly. Overseas investors are becoming increasingly worried that inflation and a move by the Conservative government towards
Read moreSunday share tips: Royal Dutch Shell, Asos, Spire Healthcare
16th Oct 2016 14:51
(ShareCast News) - Royal Dutch Shell shares are worth buying for the dividend, according to the Sunday Times's Inside The City column. Acquiring BG Group in 2015 after oil prices had already collapsed, stretched Shell's balance sheet close to its limit, but it still pays out a hefty amount. Incoming
Read moreTuesday broker round-up
11th Oct 2016 14:54
(ShareCast News) - Easyjet: Deutsche Bank keeps at hold with a target price of 1000p. BP: HSBC reiterates buy, 570p target. Petrofac: Credit Suisse keeps at outperform with a 1100p target. British American Tobacco: Jefferies reiterates buy with a 6000p target. Royal Dutch Shell: HSBC keeps at bu
Read moreMonday broker round-up
10th Oct 2016 13:30
(ShareCast News) - Easyjet: Societe Generale downgrades to sell with a target price of 820p. BP: Barclays reiterates overweight, 600p target. Lloyds: Citigroup keeps at sell with a 48p target. Unilever: Jefferies reiterates hold with a 3530p target. Royal Dutch Shell: Barclays keeps at overweight
Read moreSector movers: Tesco sets fresh 52-week high, defensives lag
5th Oct 2016 14:53
(ShareCast News) - An upbeat outlook for margins from Tesco boosted the wider sector gauge. The company's shares rocketed to their best levels since late-summer 2015 - setting a fresh 52-week in one fell swoop - after management reported that UK like-for-like (LFL) sales doubled to 0.6% and operatin
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