At the close: FTSE 100 index closes higher as the oil price rises with banks’ and miners’ share prices including Anglo American and Glencore rising despite housebuilders and HSBC’s share price falling February 22, 2016 The FTSE 100 index closed higher today after the price of oil rose and there was a bounce-back in mining companies and banking shares. The UK's blue-chip index rose 1.47 per cent to 6,037 points, led higher by Glencore and Anglo American. "Rallying commodity prices from crude oil to copper have boosted the beaten up [...]
FTSE fends off Paris panic and ends the day up – London Report November 17, 2015 A RALLY by AstraZeneca after a delay in the approval for a rival drug and strong gains by builder Taylor Wimpey helped the FTSE to a positive day yesterday despite tourism stocks falling in the wake of the deadly attacks in Paris on Friday night. The UK’s blue-chip index closed up 0.46 per cent at [...]
FTSE 100 set to close out 2015 around 6,000 – London Report December 21, 2015 THE FED “feel good factor” and the Santa rally that historically has resulted in 80 per cent of December trading sessions closing positive have not been enough to sustain positive numbers for the FTSE. On Friday the FTSE 100 closed down 50 points at 6052, bringing to an end the brief surge following the Federal Reserve [...]
UK dividends reached record heights in the third quarter – Capita Asset Services October 19, 2015 UK dividends reached record heights in the third quarter, hitting £27.2bn, but this is unlikely to prevent an annual slump in payouts. Figures from Capita Asset Services' dividend monitor forecasts that payments for 2015 will come in at £87.2bn, down 10.5 per cent from £97.4bn in last year. A series of special dividends form the [...]
FTSE 100 opens flat despite Standard Chartered’s share price plummeting after announcing 15,000 job cuts November 3, 2015 The FTSE 100 opened flat this morning, after finishing yesterday's session in the same manner. The UK's top blue chip index rose 0.13 per cent to 6,370 points on opening, but fell back to 0.04 per cent down at 6,359 points after five minutes. Standard Chartered's shares were down just over six per cent as the market [...]
Taylor Wimpey confident on 2015 housing market outlook January 12, 2015 HOUSEBUILDING company Taylor Wimpey has said it is encouraged by more balanced market conditions with a lower rate of price growth. The firm enters 2015 with a record order book of £1.4bn, up by 12 per cent last year. The order book represents 6,601 homes. In 2014 the company built 12,454 homes – an increase [...]
FTSE jumps as investors cheer the Fed rate rise – London Report December 18, 2015 TOP SHARE index, the FTSE 100, climbed yesterday, tracking gains on other equity markets after investors took the first US interest rate rise in nearly a decade as a sign of policymakers’ confidence in the world’s biggest economy. The FTSE rose 41 points, or 1.2 per cent to 6,102 points, but is down by around seven [...]
FTSE 100 index opens higher as housebuilders rally on chancellor George Osborne’s Autumn Statement national housing budget plans November 25, 2015 The FTSE 100 index was up in mid-morning trading, led by housebuilders which cheered chancellor George Osborne's plans to double the national housing budget when he presents his five-year spending plan later today. The UK's top blue-chip index rose 0.82 per cent to 6,329 points. Persimmon led the index higher, its share price rising 6.06 per cent to 1,890p [...]
Taylor Wimpey says housing market is set for “lower rate of price of growth” January 12, 2015 House builder Taylor Wimpey reported this morning its total home completions rose six per cent to 12,454 in the year ended 31 December. The average selling price on private completions grew a hefty 11 per cent from £210,000 in 2013 to £234,000. The overall average selling price climbed 12 per cent to £213,000. The FTSE 100 [...]
Anglo American is on track to join Lonmin and other struggling miners in the FTSE’s 90 per cent club December 11, 2015 Anglo American could be the next miner to join the FTSE's 90 per cent club, as the ongoing commodities rout takes its toll. The 90 per cent club is the one company nobody wants to join: made up of members of the FTSE all share who have lost more than 90 per cent of their value over the [...]