News & Tips: Royal Dutch Shell, William Hill, Aviva & more

January 17, 2014 by  
Filed under Wind Energy Tips

Equities are flat in early trading after yesterday’s pull back, something The Trader Dominic Picarda welcomes as it should set up the next move upwards.

IC TIP UPDATES:

Royal Dutch Shell (RDSA) has said that it expects fourth quarter profitability to be lower than recent quarters due to the oil price environment and low margins in refining with chief executive Ben van Beurden describing the annual results as ‘not what I expect from Shell’.

Sell recommendationWilliam Hill (WMH) reports on an improved performance in the final quarter of the year with sports book wagers in the online business 38 per cent higher than the same period last year. The retail business was less dynamic, with underlying revenues dipping by 2 per cent in the final quarter. Since the turn of the year sports book wagers have risen further, up 48 per cent in the first two weeks but unfavourable football results meant a £13m loss in the second week, which management admits it may not recoup.

KEY STORIES:

Transport group FirstGroup (FGP) says trading is in line with expectations although the FirstStudent business made ‘slower progress’ offsetting gains elsewhere. Meanwhile the company has been shortlisted for the East Coast Mainline franchise by the Department of Transport. Two other groups have been shortlisted, joint ventures between Keolis and Eurostar and Stagecoach and Virgin.

Aviva (AV.) has formed a joint venture with Astra International to sell insurance products in Indonesia.

Instrumentation specialist Spectris (SXS) reports a 3 per cent rise in reported and like for like sales for the fourth quarter and a 2 per cent rise for the year as a whole. Of this acquisitions and positive foreign exchange movements accounted for 1 per cent each so like for like sales for the year as a whole were flat.

Logistics specialist Stobart (STOB) has experienced a small rise in underlying profitability across its businesses for the period from September to December.

OTHER COMPANY NEWS:

Braemar Shipping Services (BMS) continued to see improving conditions in its ship broking business in the second half of the year but the logistics and environmental businesses saw slightly lower performance, as anticipated.

Indian power company KSK Power Ventur (KSK) has received notification that its fuel supply agreement for the first 1800MW unit at its Mahandani power station is to be executed. Meanwhile it is also in the process of sealing a long term power supply agreement for the output.

CityFibre Infrastructure (CFHL), which owns independent fibre optic networks in a number of UK cities, has commenced trading on Aim today having raised £16.5m.

Ingenious Capital Management has announced its intention to float the Ingenious Clean Energy Income fund, which is looking to raise £160m to invest in renewable energy and energy efficiency projects with a view to providing a long term income stream.

READ MORE…

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