Tag Archives: Royal Dutch Shell

Hackers Attack Italy, Post Warning For Royal Dutch Shell

According to several underground websites, the group calling themselves “Anonymous” is going to launch an attack on Italy today at 12 PM CET. It’s not quite clear to this blogger what their target is, or why.

In addition, the group posted a video on YouTube this weekend – a self-explaining video warning, directed towards the giant oil company Royal Dutch Shell.

Also: The following warnings have been issued over the last few days:

Anonymous Punks the FBI



Well, they certainly know how to draw attention to themselves.
Personally, I don’t think that’s particularly smart….

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Credits: PIGs Gone Wild

On Wednesday Greece was the major troublemaker in the credit markets, a role that investors appeared to believe the country had left behind. Greek CDS spreads were relatively stable Thursday, but its fellow peripherals, Portugal and Ireland, compensated with further volatility.

“However, investors were happy to overlook sovereign debt problems and focus on earnings and economic releases.”

Gavan Nolan


Portugal’s spreads started widening Wednesday after budget talks between the minority Socialist government and the opposition Social Democrats broke down. The passing of the budget, which is proposing relatively severe austerity measures, is essential for the country in reducing its deficit. Thursday the Irish CDS spread made another jump.

“A nervy sovereign debt market wasn’t enough to stop risky assets recovering some of the ground lost yesterday. Another day of strong corporate earnings and an upward surprise on US weekly jobless claims figures provided ballast to a market still uneasy from revised QE expectations,” credit analyst Gavan Nolan at Markit Credit Research writes in his daily update.

Wednesday Greece was disturbing the peace in the market, a role that investors appeared to believe the country had left behind.

Greece’s spreads widened by over 70bp today, the largest move since the turmoil of June. The credit deterioration was prompted by the Eurostat revising Greece’s 2009 budget deficit to above 15%.

This is over five times the initial estimate of 3%.

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“I always believed that pigs go the slaughterhouse”.
(Walter Annenberg)

The Greek CDS spreads were relatively stable Thursday, but its fellow peripherals Portugal and Ireland compensated with further volatility.

Portugal’s spreads started widening yesterday after budget talks between the minority Socialist government and the opposition Social Democrats broke down.

The passing of the budget, which is proposing relatively severe austerity measures, is essential for the country in reducing its deficit.

“It seems improbable that the two parties aren’t aware of the delicate fiscal situation and it is likely that a compromise will be reached over the mix of tax and spend. But until then the sovereign will be vulnerable to spread volatility,” Nolan writes.

Ireland, a country that has embraced austerity with little opposition from the general public, also widened Thursday.

Unlike Portugal, its recent credit deterioration has in large part been caused by its broken banking sector.

Ireland’s budget deficit has spiralled upwards to 32% of GDP as a consequence of its support for banks, particularly Anglo Irish Bank.

“Investors received another reminder of the state’s painful exposure with the news that a group of subordinated
bondholders are planning to block the proposed debt exchange,” Gavan Nolan points out.

The bondholders are unhappy about the terms of the exchange, which they view as unfair.

But the Irish government has already stated that the terms are non-negotiable and has intimated that it will turn to legislation if it faces opposition.

“Nonetheless, Ireland’s sovereign spreads widened significantly amid doubts about the validity of burden sharing,” Nolan notes.

In contrast to the day before, however, investors were happy to overlook sovereign debt problems and focus on earnings and economic releases.

The earnings season has so far proved to be a strong one, with companies that beat expectations easily outnumbering those that missed.

The trend continued today, with oil majors Royal Dutch Shell and Exxon Mobil gaining from higher oil prices. France Telecom, Potash Corp, Visa and Dow Chemical were among the other companies to beat consensus estimates.

In an otherwise quiet day for economic releases US initial jobless claims were always likely to stand out. The figures
dropped by 21,000 to 434,000, their lowest level in three months,

“The data surpassed expectations and helped markets rally in the afternoon. But the gains were modest, with investors no doubt wary of the news heavy days lying ahead,” Gavan Nolan at Markit concludes.

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These Companies Stands To Benefit The Most From BP's Misfortune

Markit Research have made an analysis of which companies they belive will provide the most significant payouts in the absence of BP’s dividend. BP’s dividend suspension in June meant that investors would forego an estimated £7.8 billion in dividends this year. However, there are significant income opportunities from other stocks, according to the report. Markit expects that dividends from just five companies in the FTSE 100 will constitute over 60% of all those paid between now and BP’s next anticipated dividend in February 2011.

“The fact that recent market rumours suggesting BP might bring forward its planned resumption of dividend payments have received so much media attention is emblematic of its importance to investors and highlights the perceived scarcity of major dividend paying stock alternatives.”

Markit Dividend Research


“Markit is forecasting a yield of over 4% on the FTSE 100 over the forthcoming year. So despite the latest CPI annual inflation figures for August remaining stubbornly high at 3.1% and interest rates not looking likely to increase any time soon, real returns from income stocks appear achievable,” the two analysts Thomas Matheson and Arjun Venu writes in the latest edition of Markit Dividend Research.

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BP’s dividend suspension in June meant that investors would forego an estimated £7.8 billion in dividends this year. In the absence of this payout, however, there are significant income opportunities from other stocks, according to the report.

“In fact, Markit is forecasting a yield of over 4% on the FTSE 100 over the forthcoming year. So despite the latest CPI annual inflation figures for August remaining stubbornly high at 3.1% and interest rates not looking likely to increase any time soon, real returns from income stocks appear achievable,” Matheson and Venu says:

“Markit expects that dividends from just five companies in the FTSE 100 will constitute over 60% of all those paid between now and BP’s next anticipated dividend in February 2011. This report briefly reviews Markit’s forecasts for each of these companies. For three of these stocks we are expecting dividends to continue to grow, while for the remaining two we expect dividends to remain flat.”

And here they are; the five companies whose shareholders will benefit the most from BP’s misfortune:

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* Royal Dutch Shell
“The biggest contribution is expected from Royal Dutch Shell, whose payouts will represent just over a quarter of all dividends paid by FTSE 100 companies between now and February. So far in 2010 Shell has managed to maintain its dividend at the 2009 level of $0.42 per quarter and Markit fully expects this to continue for the rest of the year. In addition to cutting costs, Shell has seen positive trends in oil and gas volumes help to improve earnings and cash flow.

* AstraZeneca Plc
“Markit forecasts AstraZeneca’s 2nd interim payment to grow 6.4% to $1.82, which will constitute 12.7% of all dividends on the index. The healthcare behemoth reported strong first half results and raised its full year earnings forecast for the third consecutive time this year. The company also received backing from the FDA advisory panel for potential “blockbuster” drug Brilinta which has boosted the potential future pipeline and eased worries over numerous upcoming patent expires.”

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* Vodafone Plc

“Vodafone has committed to increasing its dividend by 7% per annum over the next two years and its FY11 interim dividend is expected to amount to a payout of almost £1.7 billion. Markit is forecasting an interim dividend of 2.85 pence per share, which will make up 11.2% of all FTSE 100 dividends between now and February.”

* HSBC Plc
“Despite being cut 39% last year, HSBC’s dividend remains substantial. HSBC’s capital position comfortably exceeds the requirements of Basel III and the company has given guidance that it intends to pay a Q3 dividend of $0.08 in line with its existing policy, amounting to 6.8% of dividends on the index.”

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* GlaxoSmithKline Plc
“The largest healthcare company in the UK, GlaxoSmithKline has delivered sustained dividend growth throughout the last decade. Markit is forecasting for this to continue with a Q3 dividend of 16.0 pence, up 6.7% from last year. This payment would make up 6.3% of all FTSE 100 dividends. The first half of the year saw sales grow 7% to £14.4 billion and net operating cash flows jump 21% in sterling terms to £4.2 billion, supporting this growth.”

Here’s a short-version of the report.

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