Royal Dutch Shell PLC booming, Lloyds Banking Group remains attractive, but Aston Martin sales in slow lane
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
1. Shell anticipates strong gas returns as oil lags behind
In a trading update, the energy giant predicted fourth-quarter results in its Integrated Gas business to be significantly higher than in the third quarter, “overcoming ongoing supply issues and capturing unique optimisation opportunities generated through the large scale and scope of our LNG trading portfolio in the prevailing high LNG spot price environment”.
2. ‘This takeover isn’t working’ (remember the famous Saatchi ad?)
Shares in takeover target M&C Saatchi tumbled after its suitor confirmed interest in making an offer but with a preference to pay in shares, while Saatchi wants some wonga.
3. Lloyds and Natwest undervalued despite interest rate hikes
There is still upside for UK banks, reckons at least one analyst.
4. FTSE 100 ends higher
The FTSE 100 climbed 0.5% or 34.91 points higher at 7,485.28 after a late push on a stagnant day.
5. Aston Martin shifts just 10 supercars in quarter but shares go up a gear
“This was fewer than previously planned,” the company said, but it said wholesale volumes grew much more strongly
Time to look ahead to next week
It was a quiet return to trading this week following the festivities, but investors should be prepared for an upturn in activity next week
Read More: Royal Dutch Shell PLC booming, Lloyds Banking Group remains attractive, but Aston Martin sales in slow lane