BT’s pension plagues profits; Shell rides oil recovery
BT’s bottom line continued to be impacted by rising pension costs during the first half of the year, as Shell’s figures were boosted by higher crude oil prices.
BT’s bottom line continued to be impacted by rising pension costs during the first half of the year, as Shell’s figures were boosted by higher crude oil prices.
Last week’s oil price slump has analysts rattled, with experts questioning the recent gains in the commodity’s prices.
The FTSE 100 smashed the 7,270 mark on Thursday morning after Shell reported earnings growth and HSBC’s profits beat analyst expectations.
Predicting a backdrop of rising interest rates, inflation and bond yields, the managers of Liontrust Macro Equity Income are forgoing bond proxies and mega oil companies.
Courtiers has sold its holdings in two F&C ethical funds and an LGIM ethical trust over concerns about the strictness of their screening processes.
Shares in BP fell by 3.8% to 465.6p mid-morning on Tuesday, as shares in rival Royal Dutch Shell soared upward by 3.5% to 2188.1p.
The FTSE 100 slipped 1.2% this morning as a number of its companies including Royal Dutch Shell released their latest performance numbers.
Shares in Royal Dutch Shell climbed 6.4% on Thursday morning as the company revealed full year profits down 80% on the previous year to $3.8bn.
Royal Dutch Shell has issued a warning its fourth quarter profits could be only half what was booked in the same period a year ago as it struggles with the oil price slump.
Standard Life Investments has said it intends to vote against Royal Dutch Shell’s bid for BG group as it is ‘value destructive’.
Royal Dutch Shell has revealed an $8.2bn write-off related to its Alaskan misadventures, sending both its own shares and the FTSE 100 lower.
Investors who invest in the flagging oil trade now will reap the rewards five year down the line, according to Franklin Templeton’s Dylan Ball.