Glencore’s shares slide as 197 claimants for legal action revealed August 31, 2023 Shares in commodity giant Glencore have dropped over four per cent in early trading this morning amid its bitter legal battle in London.
FTSE 100 Close: London finishes in red on fears of stubborn inflation August 31, 2023 London’s FTSE 100 was subdued today on fears of stubborn inflation keeping investors quiet, finishing in the red after being on one of its longest winning streaks in months. The capital’s premier blue-chip index finished 7,452.87, 0.28 per cent down, after spending all day in the green. By 2.30 it was at 7,488.29, about 0.2 [...]
FTSE 100 close: London markets storm to two week high August 29, 2023 London’s premier index stormed to a two week high thanks as falling food inflation and hopes of a Chinese stimulus package lifted sentiment. The bluechip FTSE 100 ended 1.7 per cent higher at 7,464.99 while the midcap FTSE 250 rose 1.9 per cent to 18,468.59. Many markets around the world saw strong trading yesterday, when [...]
Why mining stocks have rebounded despite BHP’s profit slump August 22, 2023 China's gloomy economic data has chipped away at the share prices of the world's largest miners for months. But is a recovery underway?
FTSE 100 close: London kicks longest losing streak since 2019 as Arm listing lifts sentiment August 22, 2023 London’s FTSE 100 index rose for the first time in seven days as it successfully ended its longest losing streak since 2019. Miners helped lift the FTSE 100 0.2 per cent to 7,274.71 while the midcap FTSE 250 index climbed 0.7 per cent to 18,029.00. Fresnillo, Endeavour Mining, Anglo American and Glencore were among the [...]
FTSE 100 close: Stronger growth not enough to keep London markets from dropping August 11, 2023 London’s FTSE 100 closed significantly lower on Friday, despite a better than expected GDP reading, as a stronger pound and concerns over the Chinese economy dampened sentiment. The FTSE 100 index closed 1.26 per cent lower at 7,522.86 while the mid-cap FTSE 250 index fell 0.9 per cent to 18,822.50. The disappointing performance came despite [...]
FTSE 100 close: London markets rise despite Chinese deflation August 9, 2023 London’s markets closed higher on Wednesday as a toning down of Italy’s windfall tax on banks calmed investors despite more negative news from China. The FTSE 100 closed 0.80 per cent higher at 7,587.30 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, ended 0.51 per cent higher [...]
FTSE 100 close: London bluechip index falters after weak trade data from China August 8, 2023 London’s premier FTSE 100 index closed lower on Tuesday after data from China showed that its attempts to recover from the pandemic have continued to stall. The bluechip FTSE 100 index closed 0.4 per cent lower at 7,527.42 while the FTSE 250 slipped 0.1 per cent to end at 18,843.79. The falls came after new [...]
Glencore appeases shareholders with more buybacks after steep drop in profits August 8, 2023 Glencore suffered a sharp drop in pre-tax profits in the first six months of trading this year as the boom in oil and gas prices finally eased.
Aussie buyer of Britishvolt fails to pay up, administrators say August 8, 2023 The Australian company which was supposedly meant to buy failed battery start-up Britishvolt has missed the deadline.