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.
Glencore snaps up Pan American’s stake in Argentine copper project in $475m deal July 31, 2023 Pan American Silver Corp will sell a 56 per cent stake in a copper project in Argentina for $475m to Swiss commodities giant Glencore.
Cut the crap: City firms under pressure to strip out shareholder legalese July 27, 2023 Top City firms must ditch impenetrable legalese and dense corporate-speak in their shareholder missives or amateur investors will remain shut out of the market, experts have warned.
New SFO director has ‘a massive mountain to climb’ as the anti-fraud agency looks to rebuild July 26, 2023 The new director of the Serious Fraud Office (SFO) faces a herculean task in rebuilding the agency’s reputation after a number of failures over the last few years, top City lawyers have warned. Earlier this month Nick Ephgrave, the former assistant commissioner of the Metropolitan Police, was appointed as the next director of the agency [...]
FTSE 100 close: London markets measured after strong week July 21, 2023 London markets stayed flat throughout Friday after a strong week, closing slightly higher and extending earlier gains caused by lower than expected inflation. The bluechip FTSE 100 was measured throughout the day and closed in the green at 7,658.53, while the midcap FTSE 250, which is more aligned with the health of the UK economy, [...]
Glencore: Copper, zinc, lead and nickel output slides but trading profits to top £3bn July 21, 2023 Glencore saw its output in copper, zinc, lead and nickel dip this morning as it struggled with a downturn in production but said it expects to exceed its long-term annual guidance – with trading profits reaching as high $4 (£3.1bn). The commodity giant said the half-year results were in line with expectations, with its full [...]
FTSE 100 close: London markets rise strongly after June inflation comes in lower than expected July 19, 2023 London markets breathed a sigh of relief on Wednesday after inflation finally came in lower than expected. The bluechip FTSE 100 closed 1.8 per cent higher at 7,588.20 while the midcap FTSE 250 index, which is more aligned with the health of the domestic economy, ended 3.8 per cent higher at 19,322.52. Investors were buoyed [...]