At the close: FTSE 100 index falls as share prices of Standard Chartered and miners including Anglo American and Glencore drop further while housebuilders make gains February 24, 2016 The FTSE 100 index closed lower on Wednesday as the price of oil slid further and miners and Standard Chartered extended losses. The UK's blue-chip index dropped 1.6 per cent to 5,867 points, led lower by Anglo American and Glencore. "European markets tripped up again on Wednesday as volatile moves in the price of oil [...]
At the close: FTSE 100 index closes lower as Saudi and Iranian oil ministers’ statements helps price of oil to fall despite London Stock Exchange surging February 23, 2016 The FTSE 100 index closed lower today as the price of oil fell after comments from the Saudi and Iranian oil ministers put the production freeze into doubt. The UK's blue-chip index fell 1.25 per cent to 5,962 points, led lower by Standard Chartered and BHP Billiton, despite the surging share price of the London Stock Exchange. "European [...]
EU referendum: Asda, HSBC, Vodafone and nearly 200 sign letter saying Brexit would threaten jobs – but Tesco, Morrisons and Sainsbury’s are not on the list February 23, 2016 The bosses of HSBC, BT, Vodafone and Asda are among those to have put their name to an open letter backing the remain camp and Prime Minister David Cameron's reforms in Europe. More than a third of the UK's biggest companies were represented in the letter, which was published in The Times this morning, saying they represented [...]
Anglo American, Antofagasta, Glencore and Rio Tinto all see shares jump while BHP Billiton becomes latest FTSE miner to slash its dividend February 23, 2016 Some of the world’s biggest mining firms led the FTSE 100 above 6,000 yesterday, as rising commodity prices saw the beleaguered industry bounce back. All five of the index’s top risers were miners, with Glencore and Anglo-American recording double-digit gains and Rio Tinto and Antofagasta also rising sharply. Dual-listed BHP Billiton, which was last night [...]
BHP Billiton cuts dividend and profits slides as it battles commodity rout February 22, 2016 Mining giant BHP Billiton has cut its dividend as it struggles to maintain its A-grade ratting in the midst of its biggest ever profit slump. The company scrapped its pledge to keep its dividend steady or rising, slashing the dividend by 74 per cent. Dividend per share has been cut from 62 cents to 16 [...]
At the close: FTSE 100 index closes higher as the oil price rises with banks’ and miners’ share prices including Anglo American and Glencore rising despite housebuilders and HSBC’s share price falling February 22, 2016 The FTSE 100 index closed higher today after the price of oil rose and there was a bounce-back in mining companies and banking shares. The UK's blue-chip index rose 1.47 per cent to 6,037 points, led higher by Glencore and Anglo American. "Rallying commodity prices from crude oil to copper have boosted the beaten up [...]
Metal prices soar on fears of supply shortage: Zinc, iron ore, copper all climb higher February 22, 2016 Fears over a supply shortage have pushed up the price of base metals, with zinc hitting four month highs. On the London Metal Exchange (LME) the price of three-month zinc hit an intraday peak of $1,790 a tonne, up over two per cent, the highest price since late October. It closed at $1,781 a tonne, after [...]
Mining giant BHP Billiton’s dividend is expected to be the latest commodity rout casualty February 21, 2016 BHP Billiton is set to become the latest mining company to chop down its dividend later today, as it seeks to hold onto its A-grade credit rating. The dividend could drop by up to 75 per cent as the commodity rout continues to lay waste to profits in the sector. The company is expected to post [...]
FTSE 100 index drops below 6,000 mark as share prices in Anglo American, Shell and pharmaceuticals fall February 18, 2016 The FTSE 100 index traded lower in afternoon trading as investors continue to look to Brussels, where Prime Minister David Cameron hopes to make a deal with the rest of the European Council on his draft reforms. The UK's blue chip index traded 0.84 per cent down at 5,979 points. "Worried British investors have half an eye [...]
At the close: FTSE storms over 6,000 in shock four day nine per cent rally as share prices stay volatile February 17, 2016 The FTSE 100 has smashed through the 6,000 barrier, less than a week after falling to lows of just over 5,500. The top share index closed at 6,030.32, up 2.9 per cent on the day, adding over nine per cent in the last four trading sessions. The rebound comes amid recent extreme market volatility across Europe's stock markets, [...]