Advertisement
UK markets open in 6 hours 16 minutes

  • NIKKEI 225

    38,543.92
    -291.18 (-0.75%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.23
    -0.15 (-0.19%)
     

  • GOLD FUTURES

    2,322.90
    -1.30 (-0.06%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • Bitcoin GBP

    50,115.83
    -735.93 (-1.45%)
     

  • CMC Crypto 200

    1,294.39
    -70.74 (-5.18%)
     

  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

BUZZ-Earnings miss at Shell hits supply chain

Reuters - UK Focus

** Oil support service stocks dominate top losers on Stoxx 600 after weak Q4 results from Shell (LSE: RDSB.L - news)

** Co to cut spending by $15bln over next 3 yrs, hitting supply chain

** Providers to Shell include Technip (Paris: FR0000131708 - news) and Subsea , along with US peers Transocean (NYSE: RIG - news) , Noble (SES: E1:N21.SI - news) and Schlumberger

** Credit Suisse (NYSE: CS - news) cuts estimates across sector by an average of 19 pct, also weighing on sentiment

** Upgrades Technip to "outperform", cuts Aker Solutions (Frankfurt: 1AKA.F - news) to "underperform", both from "neutral"

** Says too early to buy sector given combination of negative earnings momentum, earnings downgrade risk and worsening trading environment

** Stoxx 600 Oil and Gas index down 2.6 pct, weakest sector in Europe by some distance

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)