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FTSE 100 movers: Oil prices drive Shell and BP up; Glencore nearly back to Friday levels

Thu, 01st Oct 2015 13:41

(ShareCast News) - The FTSE 100 was up 47.61 (0.79%) mid-afternoon Thursday to 6,109.22London Stock Exchange Group led the risers after Barclays upgraded sharemarket organiser and transaction services provider Deutsche Boerse from underweight to overweight.Pearson was also a beneficiary of a positive broker note, after Citigroup reinstated coverage of the stock at buy with a 1,425p price target. It pointed to the scope for improving revenue trends, better free cash flow and scope for accretive cash usage.And both sets of Royal Dutch Shell shares continued to bounce back from news earlier this week that it was pulling out of drilling in the Arctic. Shares jumped up following a rise in oil prices due to data showing an increase in global demand over the first half of the year. Estimates from the Joint Oil Data Initiative revealed that across 59 countries an average of 71.4m barrels were used per day over the six month period, up 3.3% year-on-year. That also sent BP shares up for the day.Glencore looked like it made a complete recovery in the morning, bouncing back from Monday's new 52 week lows. However it wasn't to remain that way with shares dipping slightly afterwards.And after a stunning day on Wednesday on the back of a positive trading update from Sainsbury, supermarkets Tesco, WM Morrison Supermarkets and Sainsbury dipped back down again.Today also marked the ex-dividend date for WM Morrison.FTSE 100 - RisersLondon Stock Exchange Group (LSE) 2,501.00p +3.39%Pearson (PSON) 1,160.00p +2.93%BP (BP.) 343.35p +2.80%Johnson Matthey (JMAT) 2,509.00p +2.49%Royal Dutch Shell 'B' (RDSB) 1,599.50p +2.34%Royal Dutch Shell 'A' (RDSA) 1,589.00p +2.25%Meggitt (MGGT) 486.40p +2.14%BG Group (BG.) 969.10p +1.90%Randgold Resources Ltd. (RRS) 3,935.00p +1.89%Berkeley Group Holdings (The) (BKG) 3,401.00p +1.83%FTSE 100 - FallersGlencore (GLEN) 88.97p -2.82%Morrison (Wm) Supermarkets (MRW) 161.80p -2.59% - EX-DIVTesco (TSCO) 179.30p -2.13%Centrica (CNA) 225.20p -1.75% - EX DIVIDENDSainsbury (J) (SBRY) 256.80p -1.61%Imperial Tobacco Group (IMT) 3,362.00p -1.49%Coca-Cola HBC AG (CDI) (CCH) 1,385.00p -0.86%British American Tobacco (BATS) 3,612.50p -0.84%CRH (CRH) 1,728.00p -0.75%Burberry Group (BRBY) 1,359.00p -0.66%
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2 Nov 2021 08:27

BP not facing investor calls to break up business, CEO says

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2 Nov 2021 07:36

UPDATE 4-'Cash machine' BP boosts share buyback as profit surges

* Underlying profits reach $3.3 bln, beating forecasts* Strong trading performance boosts results* BP to acquire further $1.25 bln of shares by early 2022* Shares down 2% as company reports $2.5 bln loss to shareholders (Adds details, updates share...

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2 Nov 2021 07:36

UPDATE 3-'Cash machine' BP boosts share buyback as profit surges

* Underlying profits reach $3.3 bln, beating forecasts* Strong trading performance boosts results* BP to acquire further $1.25 bln of shares by early 2022* Shares down 2% as company reports $2.5 bln loss to shareholders (Updates throughout, adds sh...

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1 Nov 2021 16:25

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

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1 Nov 2021 09:38

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

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29 Oct 2021 17:05

LONDON MARKET CLOSE: NatWest weighs on FTSE 100 at end of strong month

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29 Oct 2021 14:49

Big oil says up to governments at climate talks to rein in demand

LONDON, Oct 29 (Reuters) - Leaders of Europe's biggest oil and gas companies said political leaders attending U.N. climate talks that start this week must make carbon markets more effective and that only governments can effectively curb fossil fu...

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28 Oct 2021 21:00

Shell to begin Norco, Louisiana, crude, gasoline, diesel unit restarts this weekend -sources

HOUSTON, Oct 28 (Reuters) - Royal Dutch Shell Plc’s storm-idled 230,611 barrel-per-day (bpd) Norco, Louisiana, plans to begin restarting the crude distillation unit (CDU), gasoline- and diesel-producing units as early as this weekend, sources fam...

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28 Oct 2021 17:05

LONDON MARKET CLOSE: Weak Shell results hit FTSE; Apple earnings ahead

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28 Oct 2021 16:58

Abdrn investment manager says would 'probably' be against Shell break-up

LONDON, Oct 28 (Reuters) - Abdrn investment manager Iain Pyle said on Thursday he would 'probably' be against a call by hedge fund Third Point to break up Royal Dutch Shell.Pyle, whose company is a top-10 investor in Shell according to Refinitiv d...

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28 Oct 2021 15:59

UPDATE 4-U.S. House Democrats grill Big Oil in climate deception probe

(Recasts with testimony by oil executives)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - Executives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday that they continue to misi...

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28 Oct 2021 15:59

UPDATE 1-U.S. Congress puts Big Oil in the hot seat in climate deception probe

(New throughout, updates with opening of hearing, Representative Maloney comments)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigations into whether Big Oil dec...

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28 Oct 2021 15:59

UPDATE 5-U.S. House Democrats grill Big Oil in climate deception probe

(Adds quote from Representative Alexandria Ocasio-Cortez)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - Executives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday that they c...

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28 Oct 2021 15:59

UPDATE 3-U.S. Congress Democrats grill Big Oil in climate deception probe

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28 Oct 2021 15:59

UPDATE 2-U.S. Congress puts Big Oil in the hot seat in climate deception probe

(Adds comment from Republican Representative Comer)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigations into whether Big Oil deceived Americans about its role i...

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