FTSE 100 closes at a new 2016 high after commodities rally April 8, 2016 The FTSE 100 caught the Friday feeling today, closing at a high for the year after bouncing off some upbeat commodities stocks. The bluechip index clocked out for the week at 6,204, up 1.1 per cent and its highest close since jolly New Year's Eve traders-cum-revellers saw it hit 6,242 on the final day of last [...]
Tullow Oil share price slides as it confirms damage to Ghana field April 8, 2016 Tullow Oil will suffer reduced oil output due to a damaged ship at its Jubilee field in Ghana, however the company assured it won't have a "material impact" on revenue. The FTSE 250-listed oil explorer expects production to restart in two weeks, but under revised conditions. And it'll still take time to ramp up, Tullow added. The company will re-issue [...]
Oil gushes higher as it heads for best week in five April 8, 2016 Oil prices sprung into action this afternoon, helped by rising hopes for a freeze deal when the world's major oil producers meet next Sunday. Brent crude, the global benchmark, rose 4.6 per cent to $41.23 per barrel this afternoon, and it's up 6.6 per cent for the week. If it holds onto these gains Brent [...]
Antofagasta names replacement to outgoing chief executive April 8, 2016 London-listed copper miner Antofagasta has appointed an insider to replace outgoing chief executive Diego Hernández who is retiring with immediate effect. Iván Arriagada, who has been head of the FTSE 100-listed company's minerals division since last February, was widely tipped to be Hernández 's successor. Read more: Antofagasta's revenue falls on copper price rout He'd previously worked for a string of commodity titans, including BHP [...]
Brent crude and WTI: Where big banks think the oil price is heading next April 8, 2016 Speculation about when the tarnished black gold will recover continues to swirl around financial markets. The chatter is growing louder as the world's major oil producers prepare for a crunch meeting due to take place in Doha next Sunday. They're widely expected to firm up a preliminary oil freeze deal in February between four countries – Saudi Arabia, [...]
Mother’s Day and Easter fail to bring growth to high street, as March sees “disappointing” start to 2016 continue April 8, 2016 Mother's Day and Easter weren't enough to save a high street sales decline last month. Sales were down one per cent year on year in March after a month of peaks and troughs. March started strongly, partly due to an early Mother's Day, according to BDO's high street tracker, released today. Read more: High street bounces back thanks [...]
London house prices: Here’s how living near a regeneration scheme can boost the value of your property April 8, 2016 Living close to a major regeneration scheme in the capital can boost the value of your property by an average of 4.7 per cent a year above the wider house price growth, research released today by CBRE has found. The property services giant has conducted a study across seven regeneration schemes in London and found [...]
Commercial property returns forecast to halve this year as slowing GDP growth and Brexit uncertainty bites April 7, 2016 Commercial property returns are forecast to halve this year, according to industry experts, as slowing GDP growth and Brexit uncertainty among other factors takes its toll on the market. Cluttons’ latest report on the outlook for the commercial property market predicts total returns will reach 6.5 per cent in 2016, which is less than half [...]
Dunelm’s share price jumps after bounce back in sales April 7, 2016 Dunelm shares rallied today after the out-of-town homeware giant posted a bounce back in sales in third quarter following a disappointing start to the year. The retailer grew sales by 5.9 per cent to £229m in the 13 weeks to 2 April, while like-for-like sales – including home delivery – increased by 1.1 per cent. That contrasted with the previous quarter, when Dunelm blamed the [...]
Roll up, roll up! Let’s play London office Monopoly April 7, 2016 Britain's looming EU referendum, the London mayoral election, the commercial stamp duty clampdown and other regulatory reforms as well as major infrastructure changes, such as Crossrail. These are just some of the factors that are making the dynamics influencing the London office market more complex than ever, according Bilfinger GVA. The real estate advisory firm has mocked up a Monopoly board [...]