FTSE 100 closes lower on mining stocks as US markets tumble following a sharp drop in Chinese markets and oil prices January 15, 2016 You probably saw this one coming: The FTSE 100 finished the week 1.92 per cent lower, closing under 6,000 points for the second Friday running, as US markets tumbled. The FTSE 100 finished at 5,804 points, pushed down by miners including Anglo American, which finished the day 11.5 per cent lower at 232.7p, Glencore, which fell 6.5 per [...]
BHP Billiton share price falls as firm writes down $4.9bn amid fears it could dent company dividend January 15, 2016 BHP Billiton has warned that it expects to take the hit on a $4.9bn post-tax (or $7.2bn pre-tax) impairment charge for the last financial period, as a direct impact of the falling price of oil and gas. The write-down will be registered as an exceptional item in the financial results for the half year ended 31 December [...]
FTSE 100 index opens up on supermarkets as share price of Tesco, Sainsbury’s and Marks & Spencer rise following Morrisons results January 12, 2016 The FTSE 100 index opened higher this morning as housebuilders and supermarkets made gains. The UK's blue-chip index rose 0.2 per cent to 5,883 points, led higher by Tesco, Sainsbury's and housebuilder Berkeley Group. The index made gains despite continued scepticism about the state of the Chinese economy. Read more: And they’re off – Shire and Baxalta agree $32bn [...]
FTSE 100 index opens lower as concerns over the Chinese economy persist January 11, 2016 The FTSE 100 index opened lower today as fears over the state of the Chinese economy lingered on. The UK's blue-chip index fell 0.34 per cent to 5,891 points, led lower by oil companies and miners (again). The news followed another fall in Chinese markets, after weak inflation data was published over the weekend. "It feels as though [...]
At the close: FTSE 100 index falls further to cap off a bad week January 8, 2016 The FTSE 100 index fell again on Friday, finishing just under 6,000 to cap off a bad week, as concerns over the Chinese economy continued to weigh. "A turbulent start to 2016 has seen investors adopting the brace position, as a combination of factors have driven global markets lower," Richard Hunter, head of equities at Hargreaves Lansdown, said. "With [...]
FTSE 100 index remains under 6,000 mark as fears over the Chinese economy linger January 8, 2016 After the FTSE 100 index faltered in late morning trading, it has rebounded back towards the gains it made at the open – but still remains below the 6,000 mark. The rebound comes as concerns over weakness in the Chinese economy continue to weigh on European markets. The UK's blue-chip index rose 0.44 per cent to 5,979 points in early afternoon [...]
Wall Street sinks and FTSE 100 index closes below 6,000 after another turbulent day in China January 7, 2016 The Dow Jones recorded its worst four-day start to a year on record, following another day of turmoil in China, which also left the S&P 500 on track for its worst start to a year since 1928. The Dow Jones industrial average fell 2.32 percent, to 16,514.1, the S&P 500 dropped 2.37 per cent, and the Nasdaq lost [...]
FTSE 100 index closes down as concerns over China cause mining stocks to fall January 6, 2016 The FTSE 100 index closed down today, dragged lower by mining stocks as concerns over China continued. The index closed 1.04 per cent down at 6,073 points, despite strong gains made by BAE Systems. "BAE topped the FTSE 100, as investors sought out defence stocks after North Korea’s nuclear weapon test," said Jasper Lawler, an analyst at [...]
FTSE 100 index trades lower on miners despite gains in Royal Mail’s share price, BAE Systems and Sainsbury’s January 6, 2016 The FTSE 100 index was trading lower in early afternoon trading as miners became lighter after gains made yesterday. The UK's blue-chip index fell 1.58 per cent to 6,040 points, despite a strong jump by Royal Mail. Royal Mail's share price rose 1.14 per cent to 442.2p, the day after its stock was upgraded to "buy" from "hold" by Cantor Fitzgerald, [...]
FTSE 100 index opens higher regaining some losses made yesterday on the back of miners and Tesco January 5, 2016 The FTSE 100 made a strong start as markets opened, regaining some of the 2.6 per cent it shed yesterday. The index rose 1.09 per cent to 6,158 points as trading began, led higher by miners and Tesco, while Aberdeen Asset Management and Next fell. Tesco led the pack, rising 4.26 per cent to 148.48p per share, [...]