London close: Stocks mixed as PM Starmer names his Cabinet
5th Jul 2024 16:35
(Sharecast News) - London's stock markets ended the week on a mixed note on Friday, after a subdued response to Labour's general election victory, although housebuilders and the more domestically-focussed FTSE 250 made gains.
Read moreShell updates market on second-quarter outlook
5th Jul 2024 07:03
(Sharecast News) - Oil and gas giant Shell is bracing for a financial impact of up to $2bn (£1.6bn), it revealed on Friday, following its decision to halt construction on a major biofuels plant and sell a refinery in Singapore.
Read moreShells pauses construction of Netherlands biofuels facility
2nd Jul 2024 07:40
(Sharecast News) - Shell said on Tuesday that it has temporarily paused construction of a biofuels facility in the Netherlands.
Read moreOPEC keeps global oil demand forecasts unchanged
11th Jun 2024 13:31
(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
Read moreSector movers: Oil majors catch a bid after nearly a month of share price declines
10th Jun 2024 23:46
(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in the Greenback.
Read moreSector movers: Miners, Big Oil weigh on FTSE 350
4th Jun 2024 17:03
(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.
Read moreLondon close: Stocks mixed as ex-divs drag on FTSE
16th May 2024 16:53
(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.
Read moreBerenberg raises target price on Shell
15th May 2024 10:46
(Sharecast News) - Analysts at Berenberg raised their target price on energy giant Shell from 2,950.0p to 3,400.0p on Wednesday, stating the group was "still on the right track".
Read moreShell sells Singapore refinery to Glencore joint venture
8th May 2024 14:29
(Sharecast News) - Energy giant Shell has announced that it is selling its interest in Singapore's Energy and Chemicals Park, the company's largest petrochemical production and export centre in Asia Pacific.
Read moreLondon close: Stocks jump on return from long weekend
7th May 2024 16:32
(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.
Read moreShell's Q1 performance "encouraging", says RBC
3rd May 2024 11:44
(Sharecast News) - RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.
Read moreLondon close: Stocks rise on back of well-received earnings
2nd May 2024 16:07
(Sharecast News) - London's stocks finished with gains on Thursday, fuelled by strong performances from key players like Standard Chartered and Smurfit Kappa.
Read moreShell Q1 beats estimates as profit hits $7.7bn, launches $3.5bn buyback
2nd May 2024 07:04
(Sharecast News) - Oil and gas giant Shell on Thursday reported much better-than-expected first-quarter earnings on the back of higher margins from crude and oil products trading and also unveiled a new $3.5bn share buyback.
Read moreSector movers: Oil, Autos drag on FTSE 350
1st May 2024 18:30
(Sharecast News) - Weakness in the oil patch and among select cyclicals dragged on the FTSE 350 in the middle of the week.
Read moreLondon close: Stocks slip on renewed geopolitical tensions
15th Apr 2024 15:39
(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.
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