FTSE 100 set to drop five per cent over the year on mining, oil and banking stocks December 24, 2015 The FTSE 100 is set to end the year lower than it started thanks to disappointing performances in the mining, oil and gas and banking sectors – after it reached highs in excess of the 7,000-point mark in March, April and May. The index hovered around 6,250 points in early trading, up 0.1 per cent, [...]
FTSE boosted by big oil and miners – London Report December 23, 2015 THE FTSE 100 index maintained gains yesterday to close up after the price of oil rose and a dead cat bounce from miners. The UK’s top blue-chip index shut 0.8 per cent higher at 6,083 points, led higher by a number of mining and oil companies. Anglo American closed 5.7 per cent up, while Antofagasta [...]
FTSE 100 index opens up on supermarkets as share price of Tesco, Sainsbury’s and Marks & Spencer rise following Morrisons results January 12, 2016 The FTSE 100 index opened higher this morning as housebuilders and supermarkets made gains. The UK's blue-chip index rose 0.2 per cent to 5,883 points, led higher by Tesco, Sainsbury's and housebuilder Berkeley Group. The index made gains despite continued scepticism about the state of the Chinese economy. Read more: And they’re off – Shire and Baxalta agree $32bn [...]
FTSE 100 index closes down as concerns over China cause mining stocks to fall January 6, 2016 The FTSE 100 index closed down today, dragged lower by mining stocks as concerns over China continued. The index closed 1.04 per cent down at 6,073 points, despite strong gains made by BAE Systems. "BAE topped the FTSE 100, as investors sought out defence stocks after North Korea’s nuclear weapon test," said Jasper Lawler, an analyst at [...]
FTSE 100 index lower on airlines as miners’ share prices start to rise November 18, 2015 The FTSE 100 was down in mid-morning trading as International Consolidated Airlines Group (IAG) and Easyjet's share prices weighed on the index. The UK's top blue-chip index was 0.43 per cent down at 6,241 points in mid-morning trade. The FTSE 100 was lower this morning as security scares came back into play, amid fresh terror concerns following the Paris attacks. [...]
Best of the Brokers for 2 September 2015 September 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com GLENCORE Canaccord Genuity has upgraded its recommendation for Glencore from “hold” to “buy” following the miner’s recent interim results. It has lowered its target price to 220p from 260p previously. The broker said it is also confident that Glencore can sustain its full-year [...]
Companies flock to London to float on stock market after its bumper year of IPOs December 11, 2015 Companies have been coming to London in droves to bring their companies to market, according to accountants at PwC. London’s stock market was found to be the most active exchange in Europe in 2015, with just over £11.5bn raised through 84 initial public offerings (IPOs). London also became home to three of the biggest IPOs of [...]
FTSE 100 index opens up as miners and ITV make gains while Associated British Foods, Rolls-Royce and Smith and Nephew fall December 21, 2015 The FTSE 100 index opened up this morning, as losses from Primark owner Associated British Foods (ABF) and Rolls-Royce were compensated for by gains at miners, BG Group and ITV. The UK's top blue-chip index was 0.64 per cent up at 6,052 points in early morning trading. BG Group was 0.97 per cent higher at 916.85p per share [...]
At the close: FTSE 100 dragged down by mining stocks October 19, 2015 The FTSE 100 closed lower today after mining stocks were badly hit by weak economic data from China. The index closed 0.4 per cent down at 6,352 points, led lower by mining company Anglo American which dropped by 7.37 per cent. Earlier today data from China outperformed analysts' expectations with gross domestic product growing at 6.9 per cent, but still [...]
FTSE closes up despite losses from Sainsbury – London Report November 12, 2015 FALLS in supermarket, miner and housebuilders’ shares yesterday did not prevent the FTSE 100 rising marginally. The UK’s blue-chip index rose 0.35 per cent to 6,297 points. The largest casualty, by some way, was Sainsbury, which reported profits had slumped 18 per cent and slashed its interim dividend by a third. Sainsbury’s group sales were down [...]