Ford Edge review: This beef-monster SUV might lack the status of an Audi, but its sharp styling will win you over July 18, 2016 You probably have friends who drive an Audi Q7, so you’ll know the rationale for choosing one. It has seven seats, so you can drive the kids and their friends to football or ballet. It has lots of space for the annual holiday. You can drive other cars off the road because it’s the size [...]
FTSE enters bull market territory as it closes more than 20 per cent up on February’s low July 11, 2016 THE FTSE100 has entered bull market territory, closing yesterday at 6,682.86 – more than 20 per cent higher than the low of 5,537 that it hit on 11 February this year. The bounce has been led by a recovery in mining stocks, plus a boost from the falling pound which has augmented the Sterling value [...]
Ferrari 488 Spider review: This most perfect of sports cars has a lasting effect on Adam Hay-Nicholls, who gets cosy with it in Maranello July 7, 2016 The 488 Spider drove me to drink petrol. There was no warning when it ran out of fuel. OK, the gas light came on about 40 miles back but the way I was driving it, with ‘race’ mode selected on the manettino dial and some heavy application of the right pedal, that distance came and [...]
Mixed fortunes for London-listed miners amid Brexit vote fallout June 27, 2016 The fallout from the UK's Brexit vote was a boon for precious metals miners as investors sought safe-havens today, but this wasn't the case for the whole sector. Mexico's Fresnillo finished up seven per cent to 1,483p per share, while Rangold Resources added 9.02 per cent to 8,035p and gold miner Centamin swelled 8.15 per cent to 130.10p. Read more: Texas "frack master" accused [...]
Miner BHP Billiton swims against the tide with spending boost June 27, 2016 The battered mining sector could be on the tip of a pick up after BHP Billiton unveiled plans to boost how much it spends on finding oil and copper. Speaking during a presentation to Citigroup investors, BHP said it will raise exploration spending by nearly 30 per cent over this financial year, from $700m (£530m) to $900m. Read [...]
BHP Billiton bucks trend with optimistic outlook for coal June 21, 2016 BHP Billiton, the world's biggest mining company, delivered an upbeat outlook for coal to an investor briefing today. The FTSE 100 listed firm is swimming against a tide of pessimism which surrounds the fossil fuel. An economic slowdown in China has led to low coal prices, consequently decimating the sector. Read more: BHP Billiton cuts production guidance [...]
At the close: £30bn wiped off FTSE 100 as Brexit fears mount June 14, 2016 Financial markets were plunged into turmoil today as the latest Brexit opinion polls sent investors running for the hills, wiping tens of billions off the value of the UK's leading companies. The FTSE 100 shed two per cent to end the day at 5,923.53 – its lowest close since 24 February – knocking roughly £30bn [...]
FTSE 100 drops below 6,000 to new three-month low on Brexit fears June 14, 2016 The FTSE 100 crashed below 6,000 points this morning as investors fled from risky assets in the run up to the EU referendum. The benchmark London index sank 1.3 per cent in the first 90 minutes of trading to stand at 5,967, below the key 6,000 barrier last breached in February. Already at a three-month low, [...]
European banking shares skid lower as FTSE 100 sinks June 10, 2016 European banking shares finished sharply lower today, making their biggest intraday decline since the beginning of February. The Stoxx 600 Banks index finished 4.2 per cent lower, its biggest one-day fall since 11 February. It was pushed down by the likes of Deutsche Bank, which skidded 4.6 per cent to €14.06, and Credit Suisse, which fell 3.8 per cent [...]
At the close: FTSE falls as miners give up gains June 9, 2016 The FTSE 100 lost ground today as miners slumped. A fall in the oil price, as well as disappointing numbers out of China, meant the blue-chip index snapped its four-day winning streak. The FTSE finished at 6,231.89, down by 1.1 per cent. The FTSE 100 had risen in its previous four sessions. US stocks also dragged as investors worried [...]