Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
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 [...]
Grocers and miners pull index to lowest level since January – London Report June 30, 2015 BRITAIN’S top equity index hit its lowest level since mid-January yesterday, pulled down by supermarkets and miners and underperforming even Eurozone shares despite Greece being hours away from a repayment default. While new data showed Britain’s economy enjoyed a stronger start to the year than previously thought, buoyed by big-spending consumers and an upturn in [...]
FTSE rises after a rally in metals boosts miners – London Report June 18, 2015 BRITAIN’S top share index ended higher yesterday after slipping to a five-month low earlier in the session, with a strong bounce in miners and a rally in US equities helping the broader market. The blue-chip FTSE 100 index finished 0.4 per cent higher at 6,707.88 points. It earlier fell to 6,625.16, its lowest since late [...]
Car review: The two-door Bentley Continental GT is back, but does it have anything new to show us? June 15, 2015 Two things you’ll instantly associate with Norway are the fjords and the North Sea oil industry. But few think of it as the land of the electric car. Norwegians buy more electrically-powered cars, per capita, than any other nation on earth. On five occasions in the space of 12 months, the best-selling car in Norway [...]
China stimulus plan boosts energy firms as FTSE nears peak – London Report May 21, 2015 PLANS out of Beijing to boost further stimulus to boost its economy also propelled the FTSE higher, to just below last month’s record highs yesterday, with expectations China will launch further stimulus, helping miners and energy stocks tracking gains in oil prices. The UK Oil and Gas index rose 0.9 per cent as crude rose [...]
Land Securities lift market as miners and Vodafone fall – London Report May 19, 2015 BRITAIN’S top share index rose yesterday, led by Land Securities, which raised its dividend payout and offset a drop in heavily weighted miners and telecoms firm Vodafone. The blue-chip FTSE 100 was up 26.23 points, or 0.4 per cent, at 6,995.10 at the close. The index is up nearly seven per cent this year. Shares [...]
Miner BHP Billiton hit by weak debut of newly listed South32 May 18, 2015 AUSTRALIAN mining group BHP Billiton was down by 4.57 per cent yesterday, after spin-off South32, made a disappointing debut. Despite analysts citing strong investor interest over the weekend, South32 launched on the Australian stock exchange at $9bn (£5.8bn), which was below the market consensus range of $10.1bn-12.1bn. The newly demerged company, which is made up [...]
Mining groups push market up as Lloyds falls – London Report May 18, 2015 Britain’s top share index nudged higher yesterday, thanks to gains in major mining companies, but it was held back by falls in Lloyds and pharmaceuticals company Hikma. The FTSE 100 index gave up early gains to trade up 8.38 points, or 0.1 per cent higher, at 6,968.87 by the close. The index hit a high [...]
Wax models and 3i help FTSE beat commodity pain – London Report May 14, 2015 THE FTSE 100 index ended higher yesterday with encouraging updates from companies such as 3i Group supporting the broader stock market. Private-equity group 3i rose three per cent, the biggest gain in the FTSE 100, after it reached the end of a three-year restructuring with strong earnings growth at its portfolio companies. “The group remains cautious [...]
Post-vote bump fades but Royal Mail delivers – London Report May 11, 2015 LAST week’s relief rally from the unexpectedly strong Conservative General Election victory petered out to leave the FTSE 100 relatively flat by yesterday’s close. The trading day was dominated by central-bank decisions, with the Bank of England keeping interest rates on hold at 0.5 per cent and a cut in Chinese interest rates supporting commodities [...]