Market Pulse - Commodities
Shell UK narrows gender pay gap in 2020
Royal Dutch Shell’s female employees in Britain earned 18% less on average than their male colleagues in 2020, a pay gap that has narrowed since 2019.
Smurfit Kappa to tap markets for 650m euros to capitalise on growth opportunities
Smurfit Kappa has decided to raise funds in order to accelerate its investments and capitalise on the trends towards e-commerce and sustainable packaging for products, having identified between €1. 2-1. 4bn of investment opportunities to boost the group's competitive advantage.
OPEC+ considers further action to support oil market in 2021
The Organization of Petroleum Exporting Countries and allies started meetings on Monday to consider new measures to support the oil market in 2021 as the pandemic continues to impact demand and prices.
Aramco seeks to raise cash via multi-tranche bond deal
Saudi Aramco said on Monday it has hired a group of banks to plan its multi-tranche US dollar-denominated bond deal as it seeks to raise cash.
Liberum stays at 'buy' on Anglo American after Chinese industrial production data
Analysts at Liberum reiterated their 'buy' recommendation and 2,400p target price for shares of Anglo American following the release of "strong" October industrial production data out of China, including for infrastructure.
Pennon mulling bid for Southern Water - Times
Pennon is said to be mulling a potential bid for embattled rival Southern Water.
Morgan Stanley upgrades Shell and BP
Morgan Stanley upgraded its recommendation for shares of Shell from 'equalweight' to 'overweight', telling clients that the oil major's new distribution policy revealed insiders confidence in the firm's ability to throw off cash.
Weir Group full-year guidance still shelved, but upbeat on Mining outlook
Weir Group reported a large drop in continuing orders over the third quarter and management kept its full-year guidance shelved, but management did sound a confident note both on the near-term and longer-term outlook for demand in Mining.
Russia to discuss three-month delay to tapering oil output curbs
Crude oil futures rallied from their intraday lows after reports that Russia was considering postponing plans to taper the oil output curbs now in place by three months.