Bring me sunshine: FTSE 100 starts the day on a springlike note as miners bounce back March 30, 2016 Markets were clearly taking note of the weather this morning, with the FTSE 100 jumping almost 1.3 per cent to 6,183.8 points in the first minutes of trading. The market was pushed higher miners, who swung back from yesterday's losses to lead the FTSE. Anglo American rose 7.9 per cent to 516.4p, while BHP Billiton [...]
FTSE 100 closes lower after ECB president Mario Draghi takes stocks on a rollercoaster ride of emotions March 10, 2016 Oh, Mr Draghi. What have you done to us? The FTSE finished almost 1.8 per cent lower at 6,036.7 points today – perilously close to the 6,000 mark – after European Central Bank (ECB) president Mario Draghi sent equities (and the euro. And gold) on an emotional rollercoaster ride. The index started the day off undulating gently, before rising [...]
FTSE 100 index opens flat as Prudential rises but miners extend losses after falling yesterdays March 9, 2016 The FTSE 100 index opened flat today, after it faltered yesterday on the back of weak Chinese trade data. The UK's blue-chip index rose 0.02 per cent to 6,126 points on the news. "The weakness of yesterday’s data merely serves to reinforce the importance of this weekend’s retail sales and industrial production data. A similarly abysmal showing here [...]
FTSE 100 opens lower as miners’ share prices including Anglo American, Glencore and BHP Billiton fall after weak Chinese trade data March 8, 2016 The FTSE 100 index opened down this morning, following Asian markets lower after Chinese trade data declined by more than expected. The UK's blue-chip index fell 0.71 per cent to 6,136 points in early morning trading. "This morning’s latest Chinese trade numbers for February speak to that concern about the Chinese economy as imports declined 13.8 [...]
Oil gushes past $40 per barrel March 7, 2016 The price of oil has surged over $40 per barrel for the first time this year, as shifting sentiment raises hopes that a 20-month price rout is finally coming to an end. Crude has climbed by almost 50 per cent from lows of $27 a barrel after sliding US production and discussions between Saudi Arabia [...]
FTSE 100 index drops despite Old Mutual’s share price rising and miners making gains March 7, 2016 The FTSE 100 index traded lower this morning, after having opened with volatility following gains last week. The UK's blue-chip index fell 0.63 per cent to 6,160 points in early morning trading. "Investors appear to be slowly starting to drip feed money back in after a turbulent start to the year. As equity markets enjoyed their third [...]
FTSE finishes the week higher after Brent crude, WTI oil and commodities prices rally March 4, 2016 The FTSE 100 finished the week comfortably above the 6,000 mark, after a week in which the price of oil surged. The FTSE finished at 6,199 points – 1.1 per cent higher. That brought its total rise for the week to 1.7 per cent. The rally came after the price of oil surged every day [...]
BHP Billiton downgraded by Moody’s as commodity price rout continues to bite March 3, 2016 Moody's have downgraded BHP Billiton debt rating, saying the prolonged commodity price rout will continue to eat into the miner's balance sheet. The credit rating agency cut BHP's long-term debt rating by two notches to A3, citing the impact of metal prices on its earnings and cash flow. BHP today said that it will pay at least $1.1bn in compensation [...]
BHP BIlliton’s share price rise as it agrees to pay at least $1.1bn compensation with Vale after Samarco mine’s Bento Rodrigues dam disaster March 3, 2016 BHP Billiton and Vale have agreed to pay at least $1.1bn (£780m) in compensation to the communities affected by the Bento Rodrigues dam disaster, at the jointly owned Samarco Mineracao mine in Brazil. The disaster, in which around 60 million cubic metres of iron waste flooded the district of Mariana, occurred last November, killing 17 people, injuring [...]
FTSE 100 index closes lower as the price of oil slides and share prices of ITV and Intertek fall March 2, 2016 After a positive start to Wednesday's trading, the FTSE 100 swung into a loss for the day as the share prices of ITV and Intertek faltered. The UK's blue chip index closed 0.09 per cent lower at 6,147 points, as oil prices fell after it was revealed inventories rose. "A slide back in oil prices appears [...]