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 [...]
FTSE 100 closes up despite volatile day as rouble plunges – London Report December 16, 2014 BRITAIN’S top equity index rose yesterday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded. The blue-chip FTSE 100 index endured a volatile session, caused by a plunge in Russia’s rouble currency, before closing up by 2.4 per cent, or [...]
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 [...]
How diverse is the FTSE 100? White men dominate executive roles – and it’s getting worse December 15, 2014 The government faces an uphill struggle to meet diversity targets in FTSE 100 boardrooms after research revealed that 69 per cent of FTSE 100 companies are run by all-white executive teams. This comes despite the UK having a population that is 13 per cent non-white, according to the Office for National Statistics (ONS). In the [...]
Miners weigh on FTSE as demand for metal drops – London Report December 11, 2014 BRITAIN’S top share index slipped to a six-week low yesterday, as mining shares fell sharply on concern that metal demand was weakening, while some stocks traded without the attraction of their latest dividend payouts. The mining companies put pressure on the blue chip FTSE 100 index, which closed 0.6 per cent lower at 6,461.70 points. [...]
FTSE 100 slips again as oil prices hit energy groups – London Report December 10, 2014 Britain's main equity index fell yesterday for a third day in a row as a further drop in the price of oil hit energy stocks. The blue chip FTSE 100 index closed down by 0.5 per cent, or 29.43 points, at 6,500.04 points – its lowest closing level since early November. Following the decline [...]
Where are the UK’s most powerful companies based? The FTSE 100 is more diverse than you think December 10, 2014 Conspiracy theorists may merrily refer to the "metropolitan elite", but it turns out that when it comes to the FTSE 100, the north-south divide is practically a myth: half of the companies on the index are based outside London, we've found, while others have made their homes all over the world Zoom out to see [...]
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 [...]
Tesco’s share price has plummeted 50 per cent and it’s now the year’s second biggest FTSE 100 faller December 9, 2014 This morning, Tesco issued its fourth profit warning of 2014, saying profit for the financial year ending February 2015 would not be greater than £1.4bn. This is much lower than its estimate of £2.4bn- £2.5bn in August. But in September, the supermarket chain revealed that it had overstated its profits for the year by £263m, [...]
FTSE drops over Draghi’s lack of stimulus news – London Report December 4, 2014 BRITAIN’S top equity index fell yesterday largely due to a drop in commodity stocks and disappointment at a lack of concrete, new economic stimulus measures from the European Central Bank (ECB). The blue chip FTSE 100 index closed down by 0.6 per cent, or 37.26 points, at 6,679.37 points. The ECB slashed its growth and [...]