These are the FTSE 100 social media winners and losers September 12, 2016 FTSE 100 firms are finally getting the hang of social media and even jumping on the Snapchat bandwagon to build their profile, new research reveals. Seven firms in the blue-chip index now have official accounts on the fledgling messaging service with a further six using the platform in some form. Read more: Google, Facebook and Twitter blasted over [...]
Glencore’s share price is flat after reports that it is putting another one of its Chilean assets up for sale September 8, 2016 Glencore has put another one of its assets up for sale as part of a strategy to lighten its heavy debt burden. The reported asset in question is Chilean-based Energia Austral hydropower, which it owns through a joint venture partnership with Australian firm Origin Energy. Energia Austral comprises three hydropower projects currently under development that will have a capacity of 1,000 megawatts (MW). [...]
FTSE 100 ends the week tantalisingly close to 7,000, pushed up by pharma – as housebuilders regain losses September 2, 2016 The FTSE 100 ended the day at 6,894.6 points – 2.2 per cent higher, and within spitting distance of that 7,000 mark. The index was pushed up by pharmaceutical and mining stocks, with Hikma Pharmaceuticals leading the pack, jumping 5.2 per cent to 2,185p. That was followed by Unilever, which rose 3.8 per cent to 3,663p – [...]
Glencore launches new debt reduction plan but share price takes a hit as profits plunge on low commodity prices August 24, 2016 Mining and commodities giant Glencore announced plans to speed up cutting its net debt this morning but posted a two-thirds fall in profit for the first half of the year. The figures Lower commodity prices and trimmed production volumes pushed the company's net income down 66 per cent to $300m (£228m) in the six months to [...]
Coal industry urges UK government to reconsider carbon capture storage August 10, 2016 THE COAL industry is urging the new government to change its stance on support for the development of carbon capture storage (CSS). The World Coal Association, which represents FTSE-listed miners such as Glencore and Anglo American, has written to business secretary Greg Clarke asking him to better support the requisite technology in the UK. CCS would remove and store CO2 emissions [...]
Pokémon Go: Should you invest in Nintendo? Investors are set for share price slump, but longer term virtual reality games will prove a winner July 20, 2016 The craze for newly-released mobile game Pokémon Go has sent shares in co-owner Nintendo up 75 per cent. Pokémon Go has been downloaded over 15m times since it was released last week. It currently ranks as the fastest adopted game in history. So far, it’s available to play in the UK, US, Germany, Australia and New [...]
At the close: Sterling surge holds down the FTSE 100 July 12, 2016 The FTSE 100 closed flat this evening after ending yesterday's session at an 11-month high. The blue-chip index closed at 6,680.69 points, down just two points and flat in percentage terms. The end to yesterday's rally was put down to sterling being on course for its best performance against the yen in over three years after Theresa May [...]
FTSE enters bull market territory as it closes more than 20 per cent up on February’s low July 11, 2016 THE FTSE100 has entered bull market territory, closing yesterday at 6,682.86 – more than 20 per cent higher than the low of 5,537 that it hit on 11 February this year. The bounce has been led by a recovery in mining stocks, plus a boost from the falling pound which has augmented the Sterling value [...]
At the close: Just as things settle down Carney makes sure everyone’s still on their toes June 30, 2016 Just as the political situation had stolen the limelight from the markets in the aftermath of the UK's vote for Brexit, Mark Carney grabs it back. Carney, the governor of the Bank of England (BoE), told markets earlier this afternoon to expect a cut in interest rates as he warned the economy was in for a period of [...]
Mixed fortunes for London-listed miners amid Brexit vote fallout June 27, 2016 The fallout from the UK's Brexit vote was a boon for precious metals miners as investors sought safe-havens today, but this wasn't the case for the whole sector. Mexico's Fresnillo finished up seven per cent to 1,483p per share, while Rangold Resources added 9.02 per cent to 8,035p and gold miner Centamin swelled 8.15 per cent to 130.10p. Read more: Texas "frack master" accused [...]