FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
Deliveroo shares slump 30 per cent on long-awaited stock market debut March 31, 2021 Deliveroo shares plunged by as much as 30 per cent on its long-awaited market debut, wiping more than £2bn off its valuation. The delivery firm’s shares closed out their first day of trading well down at 287p, a sharp drop from the offer price of 390p per share. The listing had been hotly anticipated given [...]
Deliveroo stumbles to London float with pricing at bottom end March 30, 2021 Deliveroo will price its initial public offering at 390p per share, the bottom end of previously touted valuations for the food delivery firm. The price would indicate a lower-than-expected valuation of £7.6bn, after a string of UK fund managers said they would not take part in the deal. The fund managers cited concerns about Deliveroo’s [...]
FTSE 100 and Wall Street rise on recovery optimism March 26, 2021 FTSE 100 climbed further this afternoon as Wall Street opened higher on renewed economic recovery optimism. London’s blue-chip index is trading 0.9 per cent higher this afternoon as higher retail sales triggered a new wave of confidence in the economic recovery. Mining stocks including Rio Tinto, Anglo American and BHP pushed higher after a slow [...]
FTSE 10 and Wall Street slip despite encouraging economic data March 25, 2021 Mining stocks continued to drag down the FTSE 100 this afternoon while Wall Street opened lower despite an encouraging set of unemployment figures. London’s blue-chip index is down more than one per cent this afternoon with Antofogosta and Glencore all shedding more than four per cent. Bank of England Chief Economist Andy Haldane said he [...]
Oil prices shoot up after mega container ship blocks Suez Canal March 24, 2021 Oil prices soared higher this afternoon after one of the world’s largest container ships ran aground in the Suez Canal, blocking the major trade artery. While equity markets were largely quiet earlier today, global energy trading went into a frenzy as fears the blockage could disrupt shipment for days sparked speculation that oil supply could [...]
Antofagasta revenue ticks up on surging metal prices March 16, 2021 Mining giant Antofagasta saw its revenue tick up in 2020 as climbing copper and gold prices offset a small production decline. The Chile-based miner said that revenue hit $5.1bn in the last financial year, up 3.3 per cent on the prior period. Earnings grew 12.3 per cent to $2.7bn, it added, due to a cheaper [...]
FTSE 100 closes in the red as Astrazeneca doubts weigh on index March 15, 2021 The FTSE 100 closed in the red this afternoon as growing doubt over the efficacy of the Astrazeneca vaccine weighed on hopes for a swift economic recovery from the pandemic across Europe.
Glencore chairman Tony Hayward to step down March 11, 2021 Glencore chairman Tony Hayward today confirmed that he would step down from the role before next year’s annual general meeting. The former BP chief executive will remain in the role while the mining giant handles the departure of long-term chief executive Ivan Glasenberg. Back in December the FTSE blue-chip said that Glasenberg would step down [...]
FTSE 100 and Wall Street push higher on economic recovery hopes March 9, 2021 Wall Street pushed higher and the FTSE 100 reversed early loses to post modest gains today as investors were buoyed by optimism about global economic recovery and more US stimulus. All three major US indices pushed higher, with the tech-heavy Nasdaq rebounding after a steep decline in yesterday’s trading. As the end of trading neared, [...]