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FTSE 100 brushes aside Shell numbers on the opening but will it last?
Earlier this morning we have the Q4 results from the UK listed oil giant, Shell. Well, they missed badly on both earnings and EPS. However, at the same time they announced another significant share buy-back, to the tune of around $3.5 billion. That might be what saves the share price from tumbling this morning. Well, the FTSE 100 has just reopened and so far it has not fallen back much at all, but it is very early days in that regard. The DAX just set a new record opening level by the way, above 21,650. It is worth pointing out here; that Shell is ranked number two in the FTSE 100 by market cap. So, it will be interesting to see how this all plays out this morning. The FTSE 100 is right now edging back slightly on the opening, currently around 8,550
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