Tag: oil producers
FTSE 100 index ending its three-day losing streak
by Greg Secker on Feb.02, 2011, under Greg's Blogs
UK Stock Mark Report 2nd February 2011
UK markets closed higher yesterday, with the FTSE 100 index ending its three-day losing streak, as upbeat corporate earnings, strong manufacturing data and easing concerns over Egypt turmoil, helped boost market sentiment. Miners, Kazakhmys, BHP Billiton and Xstrata, climbed between 1.3% and 4.8%, in line with the rise in base metal prices. Oil producers, Cairn Energy, Royal Dutch Shell and BP, gained between 1.3% and 5.0%, as Brent crude oil traded at around $101 per barrel. Banks, Standard Chartered, Royal Bank of Scotland and HSBC, advanced between 1.0% and 2.8%, on improved risk appetite among investors. Technology stocks, ARM Holdings and Autonomy rose 6.1% and 6.3%, respectively, helped by their robust fourth-quarter results. FTSE 100 gained 1.6% to 5,957.8. FTSE 250 rose 1.2% to 11,608.5.
UK stock market report, 14th December
by Greg Secker on Dec.14, 2010, under Greg's Blogs
Highlights
Accountants recruit straight from school as tuition fees bite
Costco loses Omega U.S. Supreme Court appeal
Companies must take this opportunity to squeeze fees
Ireland blocks Allied Irish Banks from paying € 40m bonuses
UK Report
UK markets closed higher yesterday, with the FTSE 100 index rising for the third consecutive day and registering its five-week closing high, after China refrained from raising interest rates and following a spurt in merger & acquisition deals. Miners, Kazakhmys, BHP Billiton and Anglo American, climbed between 0.9% and 4.1%, as base metal prices rallied. Oil producers, Petrofac, Royal Dutch Shell and Essar Energy, gained between 0.3% and 3.5%, in line with a rise in crude oil prices. Banks, Lloyds Banking Group, HSBC and Standard Chartered, were up between 0.1% and 0.6%, as risk appetite improved among investors. Various merger & acquisition deals helped shares of Wellstream, Regal Petroleum and John Wood Group to record gains. FTSE 100 advanced 0.8% or 47.8 points to 5,860.8. FTSE 250 added 0.7% or 78.8 points to 11,359.7.
UK stock market report, 7th December
by Greg Secker on Dec.07, 2010, under Greg's Blogs
Highlights
BP leads as oil companies help Footsie gain
Centrica Chairman to be CBI president
HSBC is target of myriad U.S. inquiries
Euro collapse, possible‟ amid deepening divisions over bail-out
UK Report
UK markets closed higher yesterday, with the FTSE 100 index registering its three-week closing high, led by gains in oil producers, miners and in other stocks due to merger and acquisition activity. Oil producers, BP, Essar Energy and Royal Dutch Shell, climbed between 0.3% and 3.4%, as crude price inched closer to $90 per barrel earlier in the session. Miners, Xstrata, Antofagasta and Anglo American, gained between 0.4% and 3.4%, in line with a rise in base metal prices. Punch Taverns and De La Rue, surged 6.6% and 29.9% respectively, buoyed by merger and acquisition activity. However, gains were restricted by losses in banks and retailers. FTSE 100 gained 0.4%, or 25.0 points, to 5,770.3. FTSE 250 added 0.6%, or 69.2 points, to 11,151.4.
UK markets rallied yesterday, encouraged by positive UK and US economic data.
by Greg Secker on Nov.25, 2010, under Greg's Blogs
25th November 2010 UK report
UK markets rallied yesterday, encouraged by positive UK and US economic data. Miners, Antofagasta, Xstrata and Kazakhmys, added between 4.2% and 4.3%, as base metal prices advanced. Oil producers, Cairn Energy, Essar Energy and Tullow Oil, gained between 2.4% and 3.4%, as oil prices jumped 3.2% to $83.86 per barrel. Shares of Icap, Intertek and Capita benefited from positive broker reviews. Subsiding tensions in the Korean peninsula also boosted the risk appetite among investors, with Lloyds Banking Group, HSBC Holdings and Royal Bank of Scotland Group, all up between 1.3% and 1.6%. Adding to the positive sentiment, third quarter expansion in the UK economy matched the market expectations, while US consumer spending accelerated in October and weekly initial jobless claims declined to the lowest level since July 2008. FTSE 100 gained 1.4% or 75.8 points to 5,657.1. FTSE 250 edged up 1.1% or 111.8 points to 10,731.1.
