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 [...]
FTSE falls back but airlines soar after Osborne’s tax cut – London Report December 3, 2014 LONDON’S top share index edged down from a one-week high yesterday, with moves in stocks exposed to measures announced in the Autumn Statement dominating in an otherwise quiet session. The blue chip FTSE 100 index closed down 0.4 per cent at 6,716.63 points. Large-cap airlines easyJet, up 2.46 per cent at 1,668p, and British Airways [...]
Barratt Developments and Taylor Wimpey join the FTSE 100 in quarterly shake-up December 3, 2014 Home-builders Barratt Developments and Taylor Wimpey will join the FTSE 100 index, replacing Petrofac and IMI, it has been announced today. The latter two have recently been hurt by crumbling commodity prices amid a global sell-off. Jimmy Choo, Allied Minds, CLS Holdings, Game Digital, Greggs and Spirit Pubs will join the FTSE 250. EnQuest, Fenner, [...]
London nears fresh fall into bear territory July 7, 2008 The City is bracing itself for possible entry into bear market territory this week, after the FTSE fell 41.7 points to 5434.9 by midday on Friday, and saw the psychologically-important 5,400 level broken in the final hour. With the words “negative”, “topsy-turvy”, and “recession” dominating reports on the market at the end of last week, [...]