FTSE 100 index ends up as commodities and energy rally – London Report October 7, 2015 Energy and mining stocks yesterday advanced on the back of stronger commodity prices as Britain’s top shares index extended gains from Monday’s session. The blue-chip FTSE 100 index, which surged 2.8 per cent on Monday, ended 0.4 per cent higher at 6,326.16 points. The index, however, is still down about 3.5 per cent this year [...]
FTSE gains held back by miners and RSA’s woes – London Report September 22, 2015 TOP UK shares gained yesterday but underperformed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling. The FTSE 100 was up 0.1 per cent at 6,108.71 points at its close after falling in the previous two sessions. Pan-European equities were up 1.1 per [...]
FTSE 100 ends the day flat as InterContinental Hotels Group leads the pack October 20, 2015 The UK's top share index traded relatively flat on Tuesday but outperformed other European indexes. The FTSE 100 closed 0.02 per cent up, at 6,353 points, while France's Cac closed 0.50 per cent lower at 4,680 and Germany's Dax finished Tuesday's session 0.01 per cent up at 10,165. However the FTSE 100 is still trading nearly 11 per cent below its [...]
Weak metal and oil prices drag the FTSE down – London Report September 23, 2015 WEAKER oil and metals prices weighed on commodity stocks, while motor insurer and repair group AA slumped after posting lower earnings, driving shares into retreat yesterday. The blue-chip FTSE 100 index was down 2.8 per cent at 5,935.84 points at its close, slightly outperforming European indexes. AA, part of the FTSE 250 mid-cap index, fell [...]
Oil prices hit six-year lows as global commodities rout continues August 24, 2015 As global equities continue to plummet, commodities are doing the same. After Bloomberg's commodity index sank to a 16-year low overnight, oil prices continued their rout this morning, with both WTI and Brent crude falling to six-and-a-half year lows. Read more: Black Monday? FTSE edges towards 6,000 Brent crude was down 3.65 per cent at [...]
FTSE lifts after strong opening on Wall Street – London Report September 16, 2015 Britain’s top equity index turned higher in thin trade yesterday, as a strong start to trade on Wall Street helped lift mining stocks off their lows. The blue-chip FTSE 100 index closed up 0.9 per cent higher at 6,137.60 points, turning higher as Wall Street gained following a climb in retail sales. The move helped [...]
Commodities plunge to 13 year-low dragged down by mining shares July 22, 2015 Commodity prices continue to plunge, as falling mining shares dragged a commodity index down to its lowest point since 2002. Bloomberg’s commodity price index, tracking gold, crude oil and other raw materials, has plunged by 40 per cent since 2011. Today the index fell to 95.5 points, its lowest point in 13 years. Mining shares [...]
Glencore reports rise in copper production after mines expand November 4, 2014 GLENCORE’S copper production rose eight per cent in the first nine months of the year thanks to strong output from Africa while the company’s trading division performed in line with its expectations. The miner and commodity trader has the biggest exposure to copper among the diversified miners. The London-listed company, which makes almost half its [...]
Black Monday: £74bn knocked off FTSE 100 as markets respond to deteriorating China outlook August 28, 2015 The UK’s 100 biggest companies had £74bn wiped off their value today after a worsening outlook in China hit global stock markets. The FTSE 100 had lost 4.67 per cent by the time markets closed, nosediving below the 6,000 mark to 5,898.9. China led the global sell-off with the Shanghai composite index plunging 8.49 [...]
Glencore knocked back but not giving up October 7, 2014 Multinational mining company Glencore has said that it is no longer actively considering a £100bn merger with larger rival Rio Tinto, despite talks between its bosses. In a statement yesterday afternoon, however, Glencore kept the door open for a future offer – even hinting that this could come within the six-month waiting period imposed by [...]