Glencore shareholders set for payday as profits jump to $18.9bn August 4, 2022 Mining and commodities giant Glencore announced it would put $4.5bn back in shareholders pockets today after it reported record half-yearly profits of $18.9bn on the back of soaring metal prices and market volatility.
Glencore lowers copper production guidance due to problems at Congo mine July 29, 2022 Commodities trader Glencore today said it is set to produce less copper this year than previously forecast due to technical issues at its Katanga mine in the Congo. The Anglo-Swiss multinational lowered its copper production guidance figures by 4.5 per cent, from 1,110 kt to 1,060 kt due to the ongoing geotechnical constraints related to [...]
Jitters over global recession send FTSE 100-listed industrial giants lower July 21, 2022 Jitters over a slowdown in the global economy pulled industrial stocks lower today, taming gains on London’s FTSE 100, but Frasers group boosts mid-cap index. The capital’s premier index edged 0.09 per cent higher to 7,270.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
London’s FTSE 100 jumps amid receding recession jitters July 18, 2022 Recession fears among investors eased today ahead of a bumper week of economic data. London’s premier FTSE 100 index jumped 0.9 per cent to 7,223.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.96 per cent to over 19,000 for the first time [...]
Top UK firms set to dish out £85bn in dividends this year July 12, 2022 Shareholders in Britain's top firms are set to pocket as much as £85bn in dividends this year as boardrooms pay out excess cash to investors, new research has revealed.
Markets have bigger things to worry about than a change in Number 10 July 12, 2022 Markets tend to be one step ahead of everyone else. Investors are always trying to identify new risks and limit their exposure to events that hurt stock markets. That forward-looking ethos probably explains why they ignored the upheaval in Number 10 last week. Boris Johnson’s position has looked wobbly for a while. Investors priced in [...]
Top investors demand firms including Tesla and Exxon Mobil cough up climate data June 29, 2022 A group of 263 top financial institutions have today called on firms including Tesla and Exxon Mobil to reveal their environmental impact data, as pressure grows on businesses for transparency on climate impact.
Flying Rolls Royce boosts London’s FTSE 100 June 28, 2022 A positive analyst note sent aerospace engineer Rolls Royce flying in the City today, bumping London’s FTSE 100. The capital’s premier index climbed 0.9 per cent to 7,323.41 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.17 per cent higher to 19,351.27 points. [...]
London’s FTSE 100 kicks off week strongly amid rebounding risk appetite June 27, 2022 Investors kicked off the week with strong risk appetite, boosting London’s top indexes. The capital’s premier FTSE 100 index climbed 0.89 per cent to 7,272.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.23 per cent to reach 19,359.73 points. The bullish start [...]
Inflation bump sends chill through London’s FTSE 100 June 22, 2022 London’s top indexes slumped today as investors fretted over the damage further inflation surges could deal the UK economy. The capital’s premier FTSE 100 index slid 0.88 per cent to 7,089.22 points, while the domestically-focused, mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.31 per cent to [...]