London markets post mixed day as miners and oil giants tumble January 20, 2022 London markets were a mixed bag yesterday as tumbling energy stocks held down the City’s top index. The capital’s premier FTSE 100 index inched down 0.06 per cent to close at 7,585.01 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, jumped 0.26 per cent to finish [...]
London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
Glencore wraps up acquisition of thermal coal mine as Anglo American and BHP exit joint venture January 11, 2022 Glencore has completed its acquisition of thermal coal mine Cerrejón as its joint venture partners divest from the project.
Glencore closes $1bn sale of Australian mine January 6, 2022 Glencore is set to receive A$1bn (£530m) over the next year after closing the sale of one of its Australian mines today. The mining giant will first bag A$800m (£424m), and a further A$200m (£105m) in 12 months’ time, according to a regulatory filing. The deal will see Evolution Mining take over Glencore’s 100 per [...]
Trading platform Open Mineral boosts development plans with double hire January 5, 2022 Swiss raw material trading platform Open Mineral has boosted its development plans with two new hires.
London markets shake off Omicron fears as investors brace for Christmas break December 22, 2021 London markets have shaken off fears over the Omicron variant’s impact on the UK’s economic recovery from the pandemic as investors brace for the Christmas break. The capital’s premier FTSE 100 index closed 0.61 per cent higher at 7,341.66 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the [...]
Rio Tinto acquires $825m Argentine lithium project after Serbia plans blocked December 21, 2021 Anglo-Australian miner Rio Tinto today announced it has agreed to buy the $825m Rincon lithium project in Argentina from Rincon Mining, in an effort to keep the momentum going for its push into battery materials as a way to future-proof for the transition to net zero. The world’s second-largest miner said it has purchased the lithium [...]
FTSE: Lloyds, Barclays and Natwest shares surge on Bank of England surprise interest rate hike December 16, 2021 London markets are up around one per cent this lunchtime after a surprise interest rate hike from the Bank of England saw Lloyds Bank, Barclays and Natwest shares take off. The capital’s premier FTSE 100 index was still up 0.99 per cent after the rates call from Threadneedle Street, while the mid-cap FTSE 250 index, [...]
London markets rise as Omicron jitters recede December 6, 2021 Investors’ fears over the Omicron variant of coronavirus derailing the global recovery from the pandemic have seemingly receded over the weekend, lifting London markets during the opening bell today. The capital’s premier FTSE 100 index climbed nearly one per cent to 7,188.24 points during the first hour of trading. The mid-cap FTSE 250 index, which [...]
Activist investor pushes Glencore to spin off coal business November 30, 2021 Activist investor Bluebell Capital Partners has called on commodities titan Glencore to spin off its thermal coal business.