The FSTE 100 Index is up for a third day, lifted by Shell Transport & Trading on announcing that it will combine with Royal Dutch Petroleum, to simplify ownership of Europe's second-largest oil company.
The UK benchmark is currently up about 29.50 points to 4659.60 points. Shell, which owns 40% of Royal Dutch/Shell Group, added 18.50p, to 442.25p. The company also today, reported third-quarter net income rose 70% to $4.41bn, based on accounting that strips out costs from holding oil inventories. British Airways gained 5.50p to 212p, with a drop in oil narrowing its costs. Abbey National is also up 10.50p to 627.50p. Boots Group is down 5.50p to 665.50p, while BP has lost 3.50p to 532p this morning. In Asia, stocks are on the up, as a result in the slump of oil prices. In Ja...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
