European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) Thursday reported a sharp fall in its profit for the second quarter, hit by the plunge in oil and gas prices. Further, the company said separately that it plans to eliminate 6,500 positions in 2015. The stock gained nearly 3 percent on the London Stock Exchange.
Shares of Barclays plc were gaining around 2 percent in London trading after the British lender reported Wednesday significant growth in its first half profit with strong performance in investment bank segment, as well as lower expenses. The company also maintained its dividend.
French oil and gas giant Total SA (TTA.L, TTFNF.PK, TOT) reported Wednesday a profit for the second quarter that declined four percent from last year, reflecting a sales decline amid sharply lower oil prices. However, hydrocarbon production grew 12 percent from last year.
The company's results were...
U.K. economic growth accelerated in the second quarter driven by an improvement in services output, which has again fueled debate over the timing of the interest rate hike. Gross domestic product grew 0.7 percent sequentially, in line with forecast, following a 0.4 percent rise in the first quarter, preliminary estimate from the Office for National Statistics showed Tuesday.
Diversified technology company Honeywell International, Inc. agreed Tuesday to acquire the Elster Division of British engineering company Melrose Industries plc for about $5.1 billion or 3.3 billion pounds in cash. The deal, primarily subject to Melrose shareholder and regulatory approvals, is expected to close in the first quarter of 2016.
Low fare airline Ryanair Holdings Plc. (RYA.L, RYAAY) Monday reported higher profit in its first quarter, boosted by increased traffic and load factor. Looking ahead, the company remains cautious about weak prices and yields this winter. Ryanair shares were trading around 3 percent lower in London.