FTSE 100 sinks deeper as oil prices continue collapse April 21, 2020 The FTSE 100’s losses mounted up today as US oil prices returned into negative territory despite Europe beginning to relax coronavirus lockdowns. London’s blue-chip index dropped 2.25 per cent by 2pm, after opening around 1.3 per cent down this morning. The FTSE 100 lost 131 points to hit 5,681 points as oil majors and energy [...]
Coronavirus: FTSE 100 rises as Fed buys bonds and UK enters lockdown March 24, 2020 The FTSE 100 rebounded sharply today after the government imposed a UK coronavirus lockdown and the US Federal Reserve announced an unlimited bond-buying spree yesterday. Britain’s blue-chip stock index jumped 4.3 per cent higher in morning trading to climb back above 5,000 points to 5,206. The FTSE 100’s rise made up for the 3.7 per [...]
FTSE miners lead recovery as China’s infection rate slows March 13, 2020 FTSE miners led London’s blue-chip index higher today as traders welcomed a lower rate of new coronavirus infections in China. Evraz, BHP, Anglo American, Glencore and Petra Diamonds all posted double-digit gains as the FTSE 100 surged over eight per cent higher following yesterday’s record sell-off. Online trader IG analyst Joshua Mahony linked the jump [...]
Coronavirus: FTSE 100 loses £144bn after worst day since 2008 March 9, 2020 The FTSE 100 has had £144bn wiped off its value today as it closed below 6,000 points and suffered its biggest intraday fall since 2008. The coronavirus outbreak and plunging oil prices dragged the index down as much as 8.7 per cent to just 5,899 points as it opened following a weekend of coronavirus turmoil. [...]
FTSE 100 jumps on US-China trade war optimism as Tory polling boosts pound November 25, 2019 The FTSE 100 rose more than almost half a per cent higher today as China signalled it is willing to bring an end to its prolonged trade war with the US. Meanwhile sterling jumped 0.3 per cent higher as the latest election polls put the Tories on track to win a majority in December’s election. [...]
FTSE 100 climbs as Experian and utility stocks boost index November 12, 2019 The FTSE 100 today bounced back after sinking into the red yesterday, with mainstay utility stocks and Experian and Vodafone’s pushing up the index. London’s blue-chip index climbed by almost a third – 0.29 per cent – to stand 21 points higher at 7,349.9 in early trading. Read more: Vodafone improves 2020 guidance but lowers [...]
FTSE 100 slumps on UK credit rating downgrade as Hong Kong violence hits Asian stocks November 11, 2019 The FTSE 100 index slumped this morning after Moody’s downgraded its outlook on the UK’s credit rating, while global stocks took a hit on continued uncertainty over US and China trade talks and escalating violence in Hong Kong. The FTSE 100 fell as much as 1.19 per cent this morning to 7,271.5 points. London’s blue-chip [...]
Kazakh-stunned: Copper miner Kaz takes hit as prices falter August 15, 2019 Kazakhstan-based miner Kaz Minerals sounded a cautious note this morning after being stung by copper prices in the first half of the year. Pre-tax profit at the company dropped nearly 19 per cent to $289m, hurt especially by a 11 per cent drop in the price of copper, it’s main product. Read more: Evraz hails [...]
Evraz hails ‘healthy’ results despite massive drop in profit August 8, 2019 Miner Evraz released a set of “rather healthy results” today even as net profit dropped by more than two thirds in the first half of the year. Lower prices for vanadium and coking coal took a 22 per cent chunk off the company’s earnings before interest, tax appreciation and amortisation (ebitda). Read more: Sterling falls [...]
FTSE 100’s best and worst performers in 2019 so far July 10, 2019 By Graeme Evans from interactive investor. The blue-chip index jumped over 10 per cent in the first half of this year, but which one surged 68 per cent? It’s been a year of widespread and significant gains in the FTSE 100 index, with blue-chip stocks surging by as much as 68 per cent during the first half of 2019. [...]