Glencore share price falls as FTSE miners feel the heat from commodities selloff July 7, 2015 London-listed miners felt the heat today after the outlook for the Chinese economy darkened amid ongoing equity market turmoil. Earlier in the day copper prices fell 5.9 per cent to a six-year low of $2.389 a pound on concern about economic growth in China, the world's top metals consumer. It comes a day after Chinese brokerages [...]
FTSE finishes the week higher after Brent crude, WTI oil and commodities prices rally March 4, 2016 The FTSE 100 finished the week comfortably above the 6,000 mark, after a week in which the price of oil surged. The FTSE finished at 6,199 points – 1.1 per cent higher. That brought its total rise for the week to 1.7 per cent. The rally came after the price of oil surged every day [...]
Markets in Peru climb higher as free-market candidates move on to election second round April 11, 2016 Peru's markets have recorded their sharpest jump since 2008 after voting results showed two free-market candidates have moved on to the second round of presidential elections. In early afternoon trading the Peru General Index was up more than eight per cent, falling back from highs of over 10 per cent in earlier trading. The Peruvian sol currency added 2.68 per cent [...]
At the close: FTSE 100 goes away in May as miners prove the movers May 3, 2016 Traders are superstitious folk, and today – the first day of trading in the month of May – they headed for the hills as the FTSE 100 tumbled to a three-week low. The bluechip index closed down 0.9 per cent on the day at 6,185 in a bad day all round for Europe. The German Dax [...]
The FTSE 100 just hit a 2016 high April 19, 2016 Is this a sign stock market volatility has begun to ebb? The FTSE 100 hit its highest level in 2016 this morning, as a strike in Kuwait continued to do what this weekend's Opec summit in Doha couldn't: push oil prices up. The FTSE rose 0.5 per cent to 6,382 points in the first half-hour of trading, [...]
Pokémon Go: Should you invest in Nintendo? Investors are set for share price slump, but longer term virtual reality games will prove a winner July 20, 2016 The craze for newly-released mobile game Pokémon Go has sent shares in co-owner Nintendo up 75 per cent. Pokémon Go has been downloaded over 15m times since it was released last week. It currently ranks as the fastest adopted game in history. So far, it’s available to play in the UK, US, Germany, Australia and New [...]
Glencore posts disappointing output figures May 5, 2015 SHARES in mining firm Glencore edged up by 0.54 per cent yesterday, despite a production report for the first quarter that analysts described as “mixed” at best and “disappointing” elsewhere. Production of its top earner, copper, was down nine per cent due to lower grades at two South American mines. Copper output was 350,700 tonnes [...]
FTSE 100 edges up ahead of Budget and Fed meeting – but pound falls for the third day in a row March 16, 2016 Calloo, callay, it's Budget day – but equities investors kicked the day's trading off on a cautious note, ahead of George Osborne's big reveal, as well as a crucial meeting of the Federal Reserve later today. The FTSE 100 edged up 0.4 per cent to 6,166 points in early trading, pushed up by miners including [...]
At the close: Gushing oil pushes the FTSE 100 higher as miners slip after recent gains June 7, 2016 The FTSE 100 managed a modest rise today, falling back from much bigger gains directly after the open. The blue-chip index added 0.2 per cent to close at 6,284.53. The initial burst came as a result of Royal Dutch Shell earmarking 10 per cent of its oil and gas production assets for sale, which would result in the [...]
Mining giant BHP Billiton’s dividend is expected to be the latest commodity rout casualty February 21, 2016 BHP Billiton is set to become the latest mining company to chop down its dividend later today, as it seeks to hold onto its A-grade credit rating. The dividend could drop by up to 75 per cent as the commodity rout continues to lay waste to profits in the sector. The company is expected to post [...]