Copper market chaos hammers mining stocks January 14, 2015 COLLAPSING copper prices and the continued decline of the oil market hammered stocks in the commodities sector yesterday. Copper fell as much as eight per cent to a five-year low of $5,522 per tonne, a move that analysts attributed to growing excess supply in the market, with China accounting for 40 per cent of global [...]
Best of the Brokers for 15 January 2015 January 14, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BHP BILLITON S&P Capital has downgraded Anglo-American metals, mining and petroleum firm BHP Billiton from a “buy” to “hold” rating. “We expect weaker commodity prices to increasingly impact on group profits as hedges expire and see currency headwinds from a stronger US dollar,” [...]
Mining meltdown: Antofagasta, Glencore and Anglo American share prices plummet amid copper selloff January 14, 2015 Miners led the FTSE 100's biggest fallers in morning trading after a sudden collapse in copper prices knocked oil off the top of the commodities watch list. The metal plunged by more than six per cent after the World Bank slashed its global growth forecast for 2015. Antofagasta was the biggest faller, with shares dropping [...]
Car review: The Audi RS Q3 is turbo-charged evolution in motion January 12, 2015 Most people were mightily surprised when Audi decided to squeeze its turbocharged five-cylinder engine into its smallest SUV. They were even more shocked when they drove it and found that it was a winning formula, so Audi has kept the updates to a minimum this year. Among these are the new grey surround for the [...]
Car review: Porsche 911 Carrera GTS – could it be the greatest yet? January 5, 2015 The flagship of any car range is rarely the best of the bunch. The sweet spot invariably falls around the middle, where there’s neither too much flash nor cash. There certainly aren’t any duff Porsche 911s lurking in the price lists, but a new addition to the range might just be the one to go [...]
FTSE 100 edges up as oil and metals recover – London Report December 17, 2014 Energy and mining stocks rallied to help the UK’s top share index end slightly higher after a sharp decline earlier in the session, buoyed by a recovery in crude oil and industrial metals prices. Expectations the European Central Bank will take fresh measures to support the region’s economy and that the US Federal Reserve’s final [...]
Plunging oil prices weigh heavily but Carpetright soars – London Report December 15, 2014 London stocks fell yesterday, with the FTSE 100 down for a sixth consecutive session, as equities markets failed to hold on to an early rally as fears about sliding oil prices and demand for other basic commodities took hold once more. The FTSE 100 ended down 1.9 per cent, or 117.91 points, at 6,182.72, with [...]
The FTSE 100 slumps to a new yearly low amid crumbling oil prices December 15, 2014 Britain's FTSE 100 closed down again today taking the index to its lowest level this year, as crumbling oil prices and fresh concerns about Russia's economy scared investors. The FTSE 100 shed another 1.9 per cent to close down 117.9 points at 6,182.7 which was its lowest closing level since mid-2013. It fell 6.6 per [...]
Santander hires Baroness Vadera as UK chairman December 14, 2014 Baroness Vadera will replace Lord Burns as Santander’s UK chairman in March, the Spanish bank announced on Friday. She will join the board as joint deputy chairman in January, before taking the top post in March. Her appointment marks a complete change at the top of the UK arm of the group. Ex-chief [...]
FTSE tumbles on Tesco share price turmoil as banks take a hit – London Report December 9, 2014 Britain’s main equity index yesterday fell to one-month lows, hit by supermarket retailer Tesco’s fourth profit warning this year. Shares in Tesco at one stage fell as much as 17 per cent to their lowest in around 14 years, wiping some £2.6bn off the firm’s market capitalisation. It later regained some ground to close 6.6 [...]