|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.81 - 48.51|
|52 Week Range||42.65 - 52.27|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||13.40|
|Earnings Date||Feb 6, 2020|
|Forward Dividend & Yield||2.64 (5.54%)|
|1y Target Est||68.27|
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.French oil-and-gas giant Total SA halted refining at its plant in the Normandy region following a fire on Saturday morning.The fire in one of the plant’s refinery units that started at about 4 a.m. is under control and its intensity has been greatly reduced, Total said in a statement.It’s too soon to know what the impact will be on production, a Total spokesman said. Refining has been suspended but the Normandy site’s petrochemicals units continue to operate.“Total is doing all it can to prevent the interruption at the site from impacting fuel supplies,” the company said.Story Link: Total Halts Production at Normandy Refinery After FireTo contact the reporter on this story: James Amott in London at email@example.comTo contact the editor responsible for this story: Andrew Davis at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nicola Benedetti scans the menu, unsure of what to order. The Scottish violinist had some trouble choosing a venue for our lunch, eventually settling on a Vietnamese restaurant close to her west London home. From her many album covers, I am used to seeing Benedetti — or Nicky, as she’s known to friends and colleagues — in sleeveless ball gowns, her long hair cascading over one shoulder.
“Projects like this only exist because there are carbon credits paying for them,” said Gerald Maradan, chief executive and co-founder of Paris-based EcoAct, which produces carbon offset credits and sells them to companies, including its newest high-profile customer, easyJet. The low-cost UK airline is one of a number of big corporate buyers that includes energy majors BP and Shell, British Airways, French luxury goods company Kering and US ride-sharing group Lyft, whose recent pledges to cut their net carbon emissions are fuelling a fresh boom in the relatively small offsetting market. for 7.5m tonnes of carbon dioxide that would cover one year’s worth of flights — a single trade equivalent to nearly 8 per cent of the entire global market for voluntary offsets last year.
Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. "The agreement underscores NLNG’s drive...to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to be the preferred complementary energy source alongside renewables," Vitol said in a statement. The deal also helps NLNG remarket volumes from existing production lines at its Bonny Island plant with a number of contracts due to expire.
Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […]
From Labour’s 2010 “death tax” to the Tories’ 2017 “dementia tax”, UK political parties have long sought to reap electoral advantage from demonising rivals’ prescriptions for funding the care of elderly and disabled people. This toxic history may explain the Conservatives’ reluctance to spell out in detail how they would restructure a broken social care system in this election campaign, but they appear to have postponed, rather than evaded the question. Boris Johnson, whose Conservatives are expected to win the most seats in Thursday’s ballot, according to opinion polls, has promised talks within the first 100 days of a new administration aimed at finding a solution that can attract cross-party support.
Car sales in China are set to fall for the second year in a row as a slowdown in the world’s largest auto market ratchets up pressure on international brands such as Ford and Peugeot. Passenger vehicle sales dropped 5.4 per cent in November compared with the same period a year ago, Chinese Association of Automobile Manufacturers (CAAM) figures released on Tuesday showed, as a decline in the country’s economy continued to weigh on consumer spending. China’s car market, a crucial source of revenue for western automakers in recent years, has gone into reverse as a chill spreads through the world’s second-biggest economy.
Despite the current political turmoil and a rollercoaster economic decade since the global financial crisis, Spain is seeing a growing influx of investment from abroad. Total estimated capital invested into the 27-member EU’s greenfield foreign direct investment (FDI) projects increased 43 per cent in the three years to the end of the first quarter of 2019, compared with the preceding three years, says FT-owned database fDi Markets. Greenfield FDI — tangible, on-the-ground investment bringing new or expanded physical facilities and headcount — into Spain has risen sharply.
Saudi Aramco’s initial public offering is set to begin trading Wednesday, and expect the financial media industrial complex to go into overdrive.
When Carol Dweck was 11 years old and in the top class at her school in New York, she was taught by a Mrs Wilson. Mrs Wilson used to seat her sixth-grade charges in IQ order, “smartest” at the front. “She believed that every point was meaningful — not just about intelligence but about character,” Dweck says.
The Turner Prize judges announced to the art world notables gathered at (you couldn’t make this up) Dreamland, a retro theme park in Margate on the English coast, that the artists had asked not to be “pitted against each other, with the implication that one was more important, significant or worthy of attention than the others”. The judges had unanimously agreed to the request for the artists (Lawrence Abu Hamdan, Helen Cammock, Oscar Murillo and Tai Shani) to become a single entity.
Saudi Arabia moved aggressively to prop up the oil market, agreeing additional curbs in production on top of sealing a new output deal with Opec and its allies. The so-called Opec+ alliance, which also includes Russia, agreed curbs of 500,000 barrels per day on Friday after two days of fraught meetings in Vienna, with Saudi Arabia pledging additional voluntary cuts of a further 400,000 b/d. The kingdom has been scrambling to prop up the oil market amid warnings that it faces a severe supply glut in the first half of next year.
It helps if you can summon Tilda Swinton, Harvey Keitel and Marion Cotillard, as the Marrakech International Film Festival did this week. Swinton, head of the competition jury, arrived in a bubble-gum pink suit and trailing fellow jurors that included directors Andrea Arnold, David Michôd and Kleber Mendonça Filho. Every evening in the historic Jemaa el-Fna square in Marrakech’s old town, market traders and tourists were joined by up to 12,000 spectators, gathering to watch a free outdoor screening of a popular old favourite showing out of competition.
British households’ collective wealth has grown rapidly over a decade in which earnings have stagnated and the richest 10 per cent of the population are enjoying the biggest gains, according to official data released on Thursday. Households’ aggregate wealth flatlined in the years immediately after the 2008 financial crisis but has grown steadily in real terms since 2012, increasing by 13 per cent to £14.6tn between the periods 2014-2016 and 2016-2018, according to the figures published by the Office for National Statistics. This means households now hold assets worth more than seven times national output — the highest ratio in more than a century, said the Resolution Foundation, a think-tank.
(Bloomberg) -- OPEC’s crude production fell before ministers gather to discuss their strategy for next year, though more by accident than design.Angola, which has been suffering a decline for the past four years, saw output slide to the lowest in more than a decade. Iran’s production, already squeezed to the lowest since the 1980s by U.S. sanctions, dwindled even further.Total output from the Organization of Petroleum Exporting Countries consequently slipped by 110,000 barrels a day to 29.7 million a day last month, according to a Bloomberg survey of officials, ship-tracking data and estimates from consultants including Rystad Energy AS and JBC Energy GmbH.The group and its allies, a 24-nation alliance known as OPEC+, will meet in Vienna this week to consider output levels for the year ahead. Though the coalition -- which pumps about half the world’s oil -- cut supply by 1.2 million barrels a day this year, it’s forecasting a renewed surplus in early 2020.Iraqi Oil Minister Thamir Ghadhban said on Sunday that OPEC+ could consider deepening the cutback by 400,000 barrels a day. However, his comments conflict with signals from the rest of the group, and data for November showed that Iraq had again failed to deliver any of the curbs it promised under the existing deal.Saudis SteadySaudi Arabia, the group’s biggest member, indicated last week that it’s tired of shouldering most of the burden of the curbs while others -- such as Iraq, Nigeria and Russia -- fail to live up to their promises.The kingdom kept production steady last month at 10.01 million barrels a day, the survey showed. While it’s still cutting far more than obligated under the terms of the OPEC+ deal, output is up from the levels produced for most of this year.The decline in the group’s overall volumes last month was instead the result of unintended disruptions, which have beset many OPEC members for several years.While Angola started pumping from a new ultra-deep offshore project this summer -- the Kaombo unit operated by Total SA -- the West African nation has struggled to make up for years of under-investment at aging oil fields. Output fell last month by 60,000 barrels a day to 1.28 million a day.Iran has also been under strain this year as U.S. President Donald Trump pressures Tehran to renegotiate an agreement on its nuclear program by squeezing the economy with sanctions. Iranian production fell by 40,000 barrels a day to 2.07 million.Despite the losses, OPEC’s total output remains higher than the levels it expects will be needed in the first half of next year. If the group holds at 29.7 million barrels a day, the surplus would amount to about 650,000 barrels day, potentially pushing prices lower and hurting members’ revenues.To contact the reporter on this story: Grant Smith in London at email@example.comTo contact the editors responsible for this story: James Herron at firstname.lastname@example.org, Amanda JordanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.