BP and Shell ready for share price bump as analysts predict super-sized profits April 30, 2023 Oil giant BP is expected to report its second-highest first-quarter profit in more than a decade next week, despite a dip from last year’s massive spike. Analysts expect the company to report that underlying replacement cost profit – the way the company prefers to measure its earnings – reached 4.27 billion dollars (£3.4 billion) in [...]
FTSE 100 close: Persimmon and Standard Chartered peg losses on London index April 26, 2023 London’s FTSE 100 skidded lower today despite a decent batch of results pumping up banks and house builders. The capital’s premier index lost 0.49 per cent to close at 7,852.63 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.04 per cent lower to [...]
CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.
Shell restarts Pierce field operations in UK North Sea April 18, 2023 Shell has restarted operations at the Pierce field in the Central North Sea, following an upgrade to allow gas to be produced at the location.
Shell’s shares rise on FTSE 100 after predicting upturn in LNG output April 6, 2023 Shell's shares have risen on the London Stock Exchange this morning, after it unveiled a bullish update for its first quarter of trading ahead.
FTSE 100 close: Markets end in the green before Easter weekend despite US recession fears April 6, 2023 London’s blue-chip index approached the Easter weekend higher as oil giant Shell lifted markets despite fears that the US economy might be slowing. The capital’s premier index ended 1.03 per cent higher at 7,741.56 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, closed 1.05 [...]
FTSE 100 close: London’s premier index falls as strong performance for miners not enough to tip market into green April 4, 2023 The FTSE 100 closed lower on Tuesday as markets ran out of steam despite a strong performance from many of the index’s mining giants. The capital’s premier index closed 0.5 per cent lower at 7,634.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended [...]
FTSE 100 close: Shell and BP lift London higher as OPEC production cut boosts oil giants April 3, 2023 London’s FTSE 100 was dragged up by its oil giants at the beginning of the week, as OPEC’s cut to production saw BP and Shell climb. The capital’s premier index closed up 0.54 per cent at 7,673.00 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Shell will defend ESG targets to shareholders ahead of activist showdown March 22, 2023 Shell will defend its lack of scope three emission targets at its annual ESG update tomorrow, City A.M. has learned.
FTSE 100 live: Oil rises to the top of London’s blue chip index as week’s trading draws to a close March 17, 2023 A rise in oil prices bolstered a FTSE 100 which had been battered by knocks in confidence over the banking sector most of the week. The FTSE 100 was last up 80.62 points at 7,490.65, a rise of 1.09 per cent, while the FTSE 250 – which includes more UK-centric listed companies was trading at [...]