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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Financial Services

FIVE at FIVE: Shell gas profits to fall, Ofcom probes Amazon, Google and Microsoft cloud dominance, BoE saves pension funds and Imperial’s £1bn share buyback

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 results to be hit by weaker refining margins and lower gas profits

In a trading update, the oil and gas giant said refining margins in its chemicals and products division were US$15/barrel (bbl) compared to US$28/bbl in the second quarter

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2. Ofcom launches cloud market study to monitor competitiveness

The regulator intends to highlight possible competition concerns at an early enough stage to stop them from becoming embedded in the market, while also preventing higher prices, lower quality of service and lack of innovation.

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3. Bank bailed out pension funds after liability-driven investments faced massive pressures

Pension funds need to learn the lessons from the panic in the UK bond market last week

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4. Imperial to repurchase 5.4% of its value in buy-back programme

Total capital returns for the full year, including dividends and share buy-backs, are expected to top £2.3bn the FTSE 100 tobacco group said

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5. FTSE 100 closes lower as pound weakens

Britain's blue-chip index closed the day down around 55 points, or 0.78%, at 6,997.

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The Markets
by Proactive
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