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FTSE rises as Prudential leads insurers higher, but Shell and BP slide

Discussion in 'Market News' started by Lily, Dec 7, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Optimism over solvency issues lifts sector, but oil companies hit by crude fall

    Leading shares have recovered some ground after their falls at the end of last week, after inital disappointment with the Euroepean Central Bank’s latest stimulus measures.

    Comments from ECB president Mario Draghi over the weekend seem to have been taken more positively, as he reassured investors that the central bank would take whatever measures were necessary to support the eurozone economy.

    At that stage, all focus is likely to be on the actual headroom, the coverage ratios and the expected implications, if any, on dividend policies. No doubt, we will have an increasing level of commentary on the companies as the respective announcement dates approach…our view remains, that any dividend policies that have been elucidated to date, think Legal & General, will remain intact (bearing in mind the various speeches made on the subject by the PRA in recent months).

    ITV said it expected December ad spend to be up 4% at its interim management statement last month so - at least - they should meet that target and probably exceed it.

    The idea of $20 oil is being tabled once again and this could well see those questions being repeated as to exact value that sits in the BG Group acquisition.

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