Lonmin share price falls as much as seven per cent after Glencore divests stake February 11, 2015 FTSE 250-listed planinum miner Lonmin's share price slumped this morning, after Glencore revealed plans to dispose of its 23.9 per cent stake in the business, part of the company's plan to combat falling commodity prices. The disposal, due to be completed by the end of June, sent Lonmin's share price down as much as 6.6 per [...]
All change: the FTSE newbies start trading September 20, 2015 IT IS a big day for Berkeley Group as today is its first day of trading on the blue-chip FTSE 100 index, having been promoted in the London Stock Exchange’s quarterly review. The quarterly review changes to the FTSE, as well as Germany’s Dax and France’s Cac indices, which were announced earlier this month come [...]
At the close: FTSE 100 enjoys best two back-to-back days since October as it closes higher as miners make gains November 26, 2015 The FTSE 100 closed higher today as miners made gains, despite BHP Billiton sliding. The UK's top blue-chip index closed 0.88 per cent up, at 6,393 points, following the 0.96 per cent gain yesterday on the back of the chancellor's budget plans that sent housebuilders' stocks higher. Glencore led the pack, closing 5.85 per cent up at 95.88p per [...]
Wolseley hits FTSE despite recovery in mining sector – London Report September 30, 2015 BRITAIN’S leading share index fell yesterday, with a rebound for the mining sector failing to offset the impact of a cut in revenue growth prospects from plumbing supplies group Wolseley and the ripple effect from a US healthcare sell-off. The FTSE 100 index was down 0.8 per cent at 5,909.24 points at its close, underperforming [...]
Anglo American is on track to join Lonmin and other struggling miners in the FTSE’s 90 per cent club December 11, 2015 Anglo American could be the next miner to join the FTSE's 90 per cent club, as the ongoing commodities rout takes its toll. The 90 per cent club is the one company nobody wants to join: made up of members of the FTSE all share who have lost more than 90 per cent of their value over the [...]
At the close: FTSE 100 index suffers worst week since August on mining companies November 13, 2015 The FTSE 100 endured its worst week since August, closing 1.03 per cent down on Friday at 6,115 points, dragged down today by G4S and Rolls-Royce. The UK's top blue-chip index closed at its lowest point since 2 October, six weeks ago. Rolls-Royce continued on from sharp falls yesterday, dropping 4.19 per cent to 514.5p per share, after falling [...]
The FTSE’s best two day run since October – London Report November 27, 2015 THE FTSE 100 closed higher yesterday evening as miners made gains, despite BHP Billiton sliding. The UK’s top blue-chip index closed 0.88 per cent up, at 6,393 points, following the 0.96 per cent gain on Wednesday on the back of the chancellor’s Autumn Statement that sent housebuilders’ stocks higher. Glencore led the pack, closing 5.85 per [...]
FTSE 100 closes at its lowest level in seven months August 19, 2015 Today, the FTSE 100 closed at 6,403 – its lowest value in over seven months. The last time it fell below this was 14 January, when it finished the day at 6,388. Read more: FTSE 100 gives up gains for the year Mining companies suffered the most, with shares in Rio Tinto, Anglo American [...]
FTSE 100 trading marginally up on Whitbread and InterContinental Hotels Group results October 20, 2015 The FTSE 100 is swinging between minor gains and falls this morning as Whitbread and InterContinental Hotels Group (IHG) lead the pack, gaining 2.22 per cent and 3.72 per cent respectively at 9:00. Investors liked Whitbread's first half results, in which the company reported a pre-tax profit of £291.3m, up 13 per cent on the same period last year. [...]
FTSE closes higher after Bank of England keeps rates unchanged October 8, 2015 Britain's blue-chip index closed up 0.6 per cent to 6,374.82 points today, after the Bank of England (BoE) voted 8-1 in favour of holding interest rates at a record low 0.5 per cent. The Bank's monetary policy committee – which is charged with setting interest rates – pushed back its forecast for when inflation will return to [...]