FTSE 100 index opens down on miners and oil companies December 30, 2015 The FTSE 100 index opened lower this morning, led by mining and oil companies which extended losses made yesterday. The UK's top blue-chip index opened 0.51 per cent lower at 6,280 points, with BHP Billiton and Glencore leading the pack lower. The pair fell 1.47 per cent to 764.8p per share and 1.57 per cent to [...]
Commodity prices: Low point for investors? Wait until 2017 October 6, 2015 Investors have over the past week questioned whether major commodities names are like the lyrics of the 1980s Bon Jovi hit Livin’ On A Prayer – spot prices might relapse, or prices may remain battered for years. Glencore has been in the thick of it, defending its liquidity, debt maturities and bank loans after [...]
FTSE 100 index closes lower as the price of oil slides and share prices of ITV and Intertek fall March 2, 2016 After a positive start to Wednesday's trading, the FTSE 100 swung into a loss for the day as the share prices of ITV and Intertek faltered. The UK's blue chip index closed 0.09 per cent lower at 6,147 points, as oil prices fell after it was revealed inventories rose. "A slide back in oil prices appears [...]
European shares rise as FTSE 250 opens higher, with Home Retail’s share price rising nearly three per cent January 18, 2016 The FTSE 100 started the day higher, edging up 0.6 per cent, before it dipped to 5,826 points at the end of the first hour of trading – 0.4 per cent up – despite a mixed performance on Asian markets. The day's stellar performer was FTSE 250-listed Home Retail Group, whose shares rose 3.5 per cent to 159.2p. [...]
FTSE 100 index closes lower as banks including HSBC, Lloyds, RBS and Barclays fall and miners’ woes continue February 11, 2016 The FTSE 100 index closed sharply lower on Thursday as the selloff in banking and mining shares continued. The UK's blue-chip index fell 2.39 per cent to 5,536 points, led lower by the financial sector with both banks and insurers set to struggle with low interest rates. "Banks have been hit hard and further steep weakness can not [...]
Lonmin shares hit by Glencore divestment February 11, 2015 PLATINUM producer Lonmin saw its shares plunge by 8.3 per cent yesterday after mining giant Glencore announced that it was divesting its 23.9 per cent stake in the company. Glencore is proposing to make a “distribution in specie” to its shareholders, which means the asset will be distributed in its present form, as opposed to [...]
FTSE 100 index opens lower as concerns over the Chinese economy persist January 11, 2016 The FTSE 100 index opened lower today as fears over the state of the Chinese economy lingered on. The UK's blue-chip index fell 0.34 per cent to 5,891 points, led lower by oil companies and miners (again). The news followed another fall in Chinese markets, after weak inflation data was published over the weekend. "It feels as though [...]
BHP Billiton cuts dividend and profits slides as it battles commodity rout February 22, 2016 Mining giant BHP Billiton has cut its dividend as it struggles to maintain its A-grade ratting in the midst of its biggest ever profit slump. The company scrapped its pledge to keep its dividend steady or rising, slashing the dividend by 74 per cent. Dividend per share has been cut from 62 cents to 16 [...]
FTSE 100 index edges higher, despite falls in mining stocks December 29, 2015 The FTSE 100 index opened slightly higher on the first day of trading after Christmas, despite falls in mining and oil stocks that had rallied in the build-up to the festive period. The UK's top blue-chip index opened 0.24 per cent up at 6,271 points, led higher by Hikma Pharmaceuticals and Berkeley Group. Read more: FTSE 100 [...]
At the close: FTSE 100 index closes down despite miners making gains December 9, 2015 The FTSE 100 index closed down today despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. "It would appear that a weaker US [...]