Early Market News: J Sainsbury plc (LON:SBRY), Royal Dutch Shell plc (LON:RDSA), BP plc (LON:BP)

Here are several more breaking news stories which could affect market stocks in trading later today. The following companies should see some movement: J Sainsbury plc (LON:SBRY), Royal Dutch Shell plc (LON:RDSA), BP plc (LON:BP). Here is a more detailed look at the news that will affect each company when trading continues. J Sainsbury plc (LON:SBRY) J Sainsbury plc (LON:SBRY)'s Finance division has decided to launch a new online savings account. J Sainsbury plc (LON:SBRY) is launching a new online savings account paying an interest rate of 2.5% Gross AER (variable). The minimum balance to open the account is £1,000. The J Sainsbury plc (LON:SBRY)'s Online Saver allows customers to make unlimited deposits and three withdrawals within a 12 month period. Helen Cook, the head of savings at J Sainsbury plc (LON:SBRY)'s Finance said that, "We are determined to ensure that we offer our customers choice as well as competitive rates. We've introduced the Online Saver account because it's perfect for savers who want a good rate on an account that they can set up and manage very easily online." Royal Dutch Shell plc (LON:RDSA) Royal Dutch Shell plc (LON:RDSA) and Gazprom have decided to expand cooperation. Royal Dutch Shell plc (LON:RDSA) and Gazprom have decided to sign a memorandum of understanding on the expansion of their cooperation in and outside Russia. Gazprom and Royal Dutch Shell plc (LON:RDSA) jointly operate the Sakhalin-2 project on Russia’s Pacific coast and launched Russia’s first liquefied natural gas plant in February last year. Alexander Medvedev, the Deputy Chief Executive of Gazprom said that, “We are happy to invite foreign partners to develop our upstream reserves, but only if in exchange we get the access to their first class projects somewhere in the world. We do know Shell has good assets, which could be of interest for us.” BP plc (LON:BP) A BP plc (LON:BP) led consortium has plans to spend $3 billion to increase their Azeri gas pipe capacity. According to Rashid Javanshir, head of BP’s (LON:BP) subsidiary in Azerbaijan, the total capacity of the Caucasus Pipeline, starting from Baku, Azerbaijan capital, and ending at Erzurum in Turkey, which transports natural gas from Shah Deniz field in the Caspian Sea, will be amplified to 24 billion cubic meters per year from the present 8 billion cubic meters per year range. The $3 billion development includes the overall expenditure of developing the second stage of Shah Deniz. Expect more movement when trading continues for J Sainsbury plc (LON:SBRY), Royal Dutch Shell plc (LON:RDSA) and BP plc (LON:BP).
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