At the close: FTSE 100 index closes down despite miners making gains December 9, 2015 The FTSE 100 index closed down today despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. "It would appear that a weaker US [...]
Anglo American’s share price drags down the FTSE 100 again December 9, 2015 Miners opened higher this morning, but the rally was short-lived, with some of the UK's commodity giants dragging the FTSE 100 into the red by mid-morning. The UK's top blue-chip index was 0.34 per cent down at 6,114 points in mid-morning trade. Anglo American dropped for the second day in a row, plunging 11 per [...]
Miners see big sell offs pushing the FTSE downward – London Report December 9, 2015 The FTSE 100 index closed down last night, led lower by miners. The index shut 1.42 per cent down at 6,135.22 points. Anglo American’s share price fell 12.29 per cent, while Rio Tinto’s followed, dropping 8.37 per cent. Glencore was down 6.92 per cent, while Antofagasta and BHP Billiton dropped 7.57 per cent and 5.54 [...]
At the close: FTSE 100 index closes down on miners December 8, 2015 The FTSE 100 index closed down today, led lower by miners who followed Anglo American. The index shut 1.42 per cent down at 6,135 points. "Once the world knew that Anglo-American was unlikely to pay any dividend for 2015-2016, the mining sector was put to the sword for the day. Anglo American at one point saw [...]
Anglo American share price falls as it suspends dividend and cuts jobs amid deepening commodity crisis December 8, 2015 Anglo American today suspended its dividend for the first time in eight years, with the miner also laying off around 60 per cent of its workforce as it struggles to weather a rout in commodity prices. It came as the miner announced a "radical restructuring", under which its workforce will shrink to 50,000 from 135,000, as it consolidates from three to six [...]
FTSE 100 index opens lower on miners, including Anglo American and BHP Billiton December 8, 2015 The FTSE 100 index opened down this morning, led lower by miners. Again. The UK's blue-chip index opened 0.25 per cent down at 6,208 points, led lower by Anglo American and BHP Billiton. Anglo opened 2.76 per cent down at 358.7p per share, while BHP Billiton's stock flopped 3.53 per cent to 737p per share. Anglo American today set out [...]
Countdown to Christmas 2015: Seven losers of the year featuring Sepp Blatter, Ukip and the England rugby team December 5, 2015 For every glorious sporting triumph, history-making achievement, scientific breakthrough, artistic masterpiece or political triumph achieved in 2015, there has been a fall from grace to go with it. Whether it's an ousted president, collapsed share price or corporate disaster, for this lot, 2016 can't come soon enough. Read more: Beer, burritos and gifs: This was crowdfunding in 2015 [...]
Glencore, BHP Billiton, Anglo American share price: Miners suffer as iron ore falls to fresh 10-year low December 4, 2015 Iron ore prices fell to a fresh 10-year low today, amid concerns falling demand from its biggest consumer would add to a global glut in the steelmaking raw material. It came after industry consultancy Custeel said more steel mills in China's Shanxi province have halted production due to shrinking demand and shortage of cash. Spot iron ore prices fell to [...]
FTSE falters as Draghi drags on Europe markets – London Report December 4, 2015 THE FTSE 100 index closed lower yesterday, alongside other European indices, after the European Central Bank’s (ECB) measures disappointed markets. The index closed down 2.27 per cent, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789.24 points and France’s Cac 40 also finished 3.58 per cent down at 4,730.21 points. [...]
At the close: FTSE 100 closes down after the European Central Bank is more dovish than expected December 3, 2015 The FTSE 100 index closed lower on Thursday, alongside other European indices, after the European Central Bank's (ECB) measures disappointed markets. The index closed 2.27 per cent down, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789 points and France's CAC 40 shut 3.58 per cent down at 4,730 points. The [...]