European banking shares skid lower as FTSE 100 sinks June 10, 2016 European banking shares finished sharply lower today, making their biggest intraday decline since the beginning of February. The Stoxx 600 Banks index finished 4.2 per cent lower, its biggest one-day fall since 11 February. It was pushed down by the likes of Deutsche Bank, which skidded 4.6 per cent to €14.06, and Credit Suisse, which fell 3.8 per cent [...]
At the close: FTSE falls as miners give up gains June 9, 2016 The FTSE 100 lost ground today as miners slumped. A fall in the oil price, as well as disappointing numbers out of China, meant the blue-chip index snapped its four-day winning streak. The FTSE finished at 6,231.89, down by 1.1 per cent. The FTSE 100 had risen in its previous four sessions. US stocks also dragged as investors worried [...]
Rio Tinto launches $3bn bond buyback as commodities brighten June 7, 2016 Rio Tinto said today that it has launched a multi-billion bond buyback programme, as formerly tarnished metals price begin to shine one more. The firm intends to purchase up to $3bn of its 2018, 2020, 2021 and 2022 US dollar-denominated notes. It's trying to whittle down its debt pile, having bought $1.5bn of its 2017 and 2018 notes in April. Read [...]
World’s leading mining companies dig in for long road to recovery June 7, 2016 The world's leading mining companies are digging in for a long road to recovery after share prices in the sector and some commodities staged a rally yesterday. Oil pushed through the $50 mark, while copper, gold and zinc hit multi-week highs. London’s mining index jumped 6.5 per cent, with giants such as Glencore, BHP Billiton, [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
You may love many cars in a lifetime, but you only ever have one first love. For me, it was an Aston Martin June 6, 2016 With 568 British horsepower it’s quite appropriate I should pay a visit to Her Majesty’s stud. Driving down Kings Avenue towards the Sandringham Estate I spotted the stables to the right, a big ‘ER’ embedded in the brickwork, and swung my Aston Martin through the open gate. Within seven seconds a royal protection officer arrived [...]
UK dividend attraction falls as it lags behind global payout growth May 23, 2016 UK dividends fell by five per cent in the first quarter of 2016, lagging behind global growth, a new report out today has found. Since 2009, UK dividends have grown 44 per cent, behind the global average of 59 per cent, according to Henderson Global Investors. In the first quarter of this year, the report [...]
At the close: FTSE 100 slips on the falling oil price as poor China data weighs heavy May 9, 2016 The FTSE 100 has managed to erase all its earlier gains to close down, adding to the worst weekly performance since February and marking the third straight week of losses. The blue-chip index finished 0.2 per cent lower at 6,114.81 after falling 1.9 per cent last week. The index is down around two per cent so far this year and 15 per [...]
At the close: One-way traffic on the FTSE 100 as miners and supermarkets drag it down May 4, 2016 Sunshine may be sweeping the capital, but the stock markets are still feeling down, as the FTSE 100 sunk to a four-week low. Closing down 1.2 per cent at 6,112.02, the FTSE 100 has now lost five per cent since it hit 2016 highs back in the middle of April. Miners dug themselves into a hole as [...]
At the open: FTSE 100 falls as gold and oil lose their shine May 4, 2016 There was no "dead cat bounce" on European markets this morning as they continued to crash, hitting three-week lows on the back of a smorgasbord of mediocre economic data. The FTSE 100 sunk 0.6 per cent in the first few hours of the day to stand at 6,150.48. The German Dax is now more than 100 [...]