• Contact Form
  • Submit Article
  • Terms of Use
  • Cookie Privacy
  • Privacy Policy
Monday, January 18, 2021
Daily Oil Gas newspaer online market news
Advertisement
  • Home
  • NewsDaily
    • All
    • Asian Oil & Gas
    • Equipment & Services
    • gas prices
    • Latest News
    • oil company
    • oil jobs
    • oil price
    • Production
    • Russia Oil & Gas News
    • saudi arabia Oil & Gas
    • Transport
    • USA Oil & Gas
    Block Energy PLC says it is on cusp of inaugural gas sales

    Block Energy PLC says it is on cusp of inaugural gas sales

    ADES International Holding PLC confirms revenue growth over first nine months of 2020

    ADES International Holding PLC confirms revenue growth over first nine months of 2020

    Terrorists Jeopardize Nearly $60B in SE Africa Gas Projects  | Rigzone

    Terrorists Jeopardize Nearly $60B in SE Africa Gas Projects  | Rigzone

    S&P 500 posted 2020 gains as COVID-19, oil price crash obliterated energy sector

    S&P 500 posted 2020 gains as COVID-19, oil price crash obliterated energy sector

    Nicola Sturgeon fury: Scotland’s oil price slump ‘final nail in coffin for independence’ | UK | News

    Nicola Sturgeon fury: Scotland’s oil price slump ‘final nail in coffin for independence’ | UK | News

    Shell and Q-LNG Hit US Offshore Milestone  | Rigzone

    Shell and Q-LNG Hit US Offshore Milestone  | Rigzone

    Methane emissions fell in 2020 on lower oil and gas production

    Methane emissions fell in 2020 on lower oil and gas production

    EMERGING MARKETS-Russia’s rouble leads EMEA FX losses on weak oil, political woes – Nasdaq

    Big Oil’s Flagship Plastic Waste Project Sinks on the Ganges – U.S. News & World Report

    Trending Tags

    • oil price
    • Oil
    • Energy
    • Asian Oil & Gas News
    • Russia Oil & Gas News
    • USA Oil & Gas News
    • europe Oil & Gas News
    • saudi arabia Oil & Gas News
  • Production
  • oil price
  • Equipment
  • oil company
  • Transport
  • gas prices
  • oil jobsNews
No Result
View All Result
  • Home
  • NewsDaily
    • All
    • Asian Oil & Gas
    • Equipment & Services
    • gas prices
    • Latest News
    • oil company
    • oil jobs
    • oil price
    • Production
    • Russia Oil & Gas News
    • saudi arabia Oil & Gas
    • Transport
    • USA Oil & Gas
    Block Energy PLC says it is on cusp of inaugural gas sales

    Block Energy PLC says it is on cusp of inaugural gas sales

    ADES International Holding PLC confirms revenue growth over first nine months of 2020

    ADES International Holding PLC confirms revenue growth over first nine months of 2020

    Terrorists Jeopardize Nearly $60B in SE Africa Gas Projects  | Rigzone

    Terrorists Jeopardize Nearly $60B in SE Africa Gas Projects  | Rigzone

    S&P 500 posted 2020 gains as COVID-19, oil price crash obliterated energy sector

    S&P 500 posted 2020 gains as COVID-19, oil price crash obliterated energy sector

    Nicola Sturgeon fury: Scotland’s oil price slump ‘final nail in coffin for independence’ | UK | News

    Nicola Sturgeon fury: Scotland’s oil price slump ‘final nail in coffin for independence’ | UK | News

    Shell and Q-LNG Hit US Offshore Milestone  | Rigzone

    Shell and Q-LNG Hit US Offshore Milestone  | Rigzone

    Methane emissions fell in 2020 on lower oil and gas production

    Methane emissions fell in 2020 on lower oil and gas production

    EMERGING MARKETS-Russia’s rouble leads EMEA FX losses on weak oil, political woes – Nasdaq

    Big Oil’s Flagship Plastic Waste Project Sinks on the Ganges – U.S. News & World Report

    Trending Tags

    • oil price
    • Oil
    • Energy
    • Asian Oil & Gas News
    • Russia Oil & Gas News
    • USA Oil & Gas News
    • europe Oil & Gas News
    • saudi arabia Oil & Gas News
  • Production
  • oil price
  • Equipment
  • oil company
  • Transport
  • gas prices
  • oil jobsNews
No Result
View All Result
Morning News
No Result
View All Result
Home Latest News

London Stock Exchange Group PLC, Associated British Foods PLC and unemployment claims in focus on Tuesday

April 25, 2020
in Latest News
London Stock Exchange Group PLC, Associated British Foods PLC and unemployment claims in focus on Tuesday
Share on FacebookShare on Twitter


Over in the US, earnings season is kicking in, with Netflix, Coca-Cola, SAP, Philip Morris, Lockheed Martin, Texas Instruments all reporting

Tuesday will see trading updates from the London Stock Exchange, Associated British Foods and UK unemployment numbers that will reveal the scale of the coronavirus fallout.

While the headline unemployment numbers will refer to the three months to February, so before the government coronavirus lockdown came into effect, the report will include March claimant count data that includes the time when the UK went into lockdown.

Unemployment claimant numbers could be pushed to around 2mln from 1.25mln last month and the claimant count unemployment rate to around 5.5%, economists at RBC Capital Markets said.

But it is likely that the claimant count understates the true rise in unemployment because of eligibility criteria and possible delays in people filing applications, said Pantheon Macroeconomics.

AB Foods to update on Primark woes

’s () interims on Tuesday follows six updates since the start of the year, including Friday’s announcement that the FTSE 100-listed firm is eligible to access state emergency funds.

The first half to 31 March is only likely to have seen a slight effect from the lockdowns that were enforced towards the end of that month, bolstered by the sugar and other food production segments that have remained largely unaffected by the pandemic.

Indeed, the consensus forecast for earnings per share is 62.5p against 61p a year ago.

The owner of Primark, which because of the lockdowns and its lack of an online sales channel is expected to lose out £650mln in monthly income, will not be in a position to provide guidance for the remainder of the year.

Investors will be looking to hear how Primark is controlling costs, managing stock levels and preparing for a big summer markdown, as well as more details on how the food businesses have been performing.

As of 2 April, the conglomerate had £1.7bn in the bank, which analysts at UBS called “a strong balance sheet”.

AB Foods has been increasing its dividend since 2000 though analysts expect a fall this year to 38.35p from 46.35p in 2019, as the pandemic takes a big bite out of earnings.

LSE looks to ride out market turmoil

Amid the turbulence in the markets, shares in London Stock Exchange Group PLC () only slightly below flat ahead of its first-quarter results.

This was helped by an update last month where the LSE said its $27bn takeover of data analytics specialist Refinitiv was still on track to be completed by the end of the year.

Analysts at Berenberg picked out the exchange operator earlier this month as one of the companies that will be broadly unaffected by the pandemic.

While Covid-19 could delay completion of the Refinitiv acquisition, the agreed bank funding for this deal has become cheaper following the cuts to US interest rates.

However, the analysts rubbished the misconception that this crisis is “good” for global exchanges: “We expect the mix of capital destruction in the near-term and slower economic progress in the medium term to slightly slow the earnings growth next year of the exchange stocks that we cover.”

But relative to most other sectors “the damage will be mild”, with no operational disruption, strong cash generation and no exposure to credit or underwriting activities.

BHP follows Rio

A quarterly operational update from () follows on from fellow mining major Rio Tinto last week, where capex guidance was cut 15-30% reflecting a combination of project delays and currency translation benefits, but cost guidance was unchanged for now. 

Analysts at said they expect “material changes” to cost and capex guidance for most miners in the weeks ahead, with large volume downgrades for those heavily impacted by Covid-19 linked disruptions.

They said the Rio update “sets a positive tone for the rest of reporting season and highlights the cash flow levers the sector has to at least partially offset lower prices”.

Significant announcements expected on Tuesday 21 April:

Interims:  (),  ()

Finals:  PLC (),  (),  (),  Group PLC (),  (),  (),  PLC ()

Trading announcements: BHP PLC (), London Stock Exchange Group PLC (),  PLC (),  (), Integrafin Holdings PLC (),  ()

Economic data: UK unemployment



www.proactiveinvestors.co.uk

Related Posts

Mosman Oil & Gas (LON: MSMN) Presenting at the Proactive One2One Virtual Forum

Mosman Oil & Gas (LON: MSMN) Presenting at the Proactive One2One Virtual Forum

by OIl News
January 18, 2021
0

© Proactive Investors 2021. Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial...

Will the US Regain Lost Oil Export Prominence?  | Rigzone

Will the US Regain Lost Oil Export Prominence?  | Rigzone

by OIl News
January 18, 2021
0

Based on a review of pageviews, Rigzone’s downstream readership showed strong interest during the past week in articles about...

Genel Energy PLC’s low-cost production in Kurdistan helps deal with 2020 headwinds

Genel Energy PLC continues to receive oil sales payments from Kurdistan Regional Government

by OIl News
January 17, 2021
0

What it does  () is the largest holder of reserves and resources in the Kurdistan Region of Iraq, where it...

Bahamas Petroleum Company PLC, Tower Resources PLC, United Oil & Gas PLC, Zephyr Energy PLC …

Bahamas Petroleum Company PLC, Tower Resources PLC, United Oil & Gas PLC, Zephyr Energy PLC …

by OIl News
January 17, 2021
0

() this week exercised a put option to raise a further £3.75mln, as a result of shares being issued,...

Baker Hughes US Rig Tally Hits 373  | Rigzone

Baker Hughes US Rig Tally Hits 373  | Rigzone

by OIl News
January 17, 2021
0

Baker Hughes Co. (NYSE: BKR) on Friday reported the total number of rotary drilling rigs operating in the United...

Savannah Resources PLC, Landore Resources Ltd, Alien Metals Ltd, Castillo Copper Ltd…

Savannah Resources PLC, Landore Resources Ltd, Alien Metals Ltd, Castillo Copper Ltd…

by OIl News
January 17, 2021
0

() has inked an agreement with Galp for a proposed partnership in the lithium field around the Mina do...

Leave a Reply

avatar
This comment form is under antispam protection
avatar
This comment form is under antispam protection
  Subscribe  
Notify of

POPULAR NEWS

The great Texas oil shutdown has begun

The great Texas oil shutdown has begun

April 26, 2020
Oil Market Offers Wrong Type of Wow Factor

Oil Market Offers Wrong Type of Wow Factor

April 25, 2020
which companies are still paying dividends

which companies are still paying dividends

April 25, 2020
Tullow Oil PLC names former Cairn India boss, Rahul Dhir as new chief executive

Tullow Oil PLC names former Cairn India boss, Rahul Dhir as new chief executive

April 25, 2020
SDX Energy PLC higher as says testing confirms Sobhi discovery in Egypt is commercial

SDX Energy PLC higher as says testing confirms Sobhi discovery in Egypt is commercial

April 25, 2020

EDITOR'S PICK

GAIL Q4 net jumps 170 pc, expects gas volumes lost in lockdown to return soon, Energy News, ET EnergyWorld

GAIL Q4 net jumps 170 pc, expects gas volumes lost in lockdown to return soon, Energy News, ET EnergyWorld

June 25, 2020
Schlumberger Alum Joins McDermott Board  | Rigzone

Schlumberger Alum Joins McDermott Board  | Rigzone

August 28, 2020
Asia Pacific Water Soluble Packaging Market Forecast to 2027

Asia Pacific Water Soluble Packaging Market Forecast to 2027

May 25, 2020
Oxy Makes $1.33B Deal  | Rigzone

Oxy Makes $1.33B Deal  | Rigzone

August 22, 2020
  • Contact Form
  • Submit Article
  • Terms of Use
  • Cookie Privacy
  • Privacy Policy

© 2020 Oil Newspaper.com

No Result
View All Result
  • Home
  • News
    • Asian Oil & Gas News
    • Russia Oil & Gas News
    • USA Oil & Gas News
    • europe Oil & Gas News
    • saudi arabia Oil & Gas News
  • Production
  • oil price
  • Equipment
  • oil company
  • Transport
  • gas prices
  • oil jobs

© 2020 Oil Newspaper.com

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.