FTSE 100 edges up ahead of Budget and Fed meeting – but pound falls for the third day in a row March 16, 2016 Calloo, callay, it's Budget day – but equities investors kicked the day's trading off on a cautious note, ahead of George Osborne's big reveal, as well as a crucial meeting of the Federal Reserve later today. The FTSE 100 edged up 0.4 per cent to 6,166 points in early trading, pushed up by miners including [...]
Glencore, Anglo American and Antofagasta share price: FTSE Mining shares bounce on steady copper prices March 14, 2016 Mining shares jumped today, tracking copper prices which steadied just below four-month highs following good news out of top consumer China. Copper prices were up 1.6 per cent to $4,970 per metric tonne on the London Metal Exchange in mid-afternoon trading. They were buoyed by assurances from an important securities regulator that top Copper consumer China will [...]
FTSE 100 closes lower after ECB president Mario Draghi takes stocks on a rollercoaster ride of emotions March 10, 2016 Oh, Mr Draghi. What have you done to us? The FTSE finished almost 1.8 per cent lower at 6,036.7 points today – perilously close to the 6,000 mark – after European Central Bank (ECB) president Mario Draghi sent equities (and the euro. And gold) on an emotional rollercoaster ride. The index started the day off undulating gently, before rising [...]
Meh: FTSE 100 edges up as investors await a glitter bomb from Mario Draghi – but Burberry share price leads the fallers March 9, 2016 The FTSE 100 had an uncharacteristically relaxed day of trading today, edging up 0.41 per cent to finish at 6,174.8 points. The lacklustre performance came as investors held their breath in anticipation of a potential bombshell from the European Central Bank (ECB) chief tomorrow: it is hoped Mario Draghi will cut the bank's deposit rate by at [...]
The world’s largest sovereign wealth fund had its worst year since 2011 last year, but managed to avoid negative returns March 9, 2016 The Norwegian Sovereign Wealth Fund has returned 2.7 per cent on its investments in 2015 thanks to a rally in equities late in the year. The low oil price and slowing emerging markets dragged on returns however, meaning the world’s largest sovereign wealth fund recorded its weakest performance since 2011. The oil fund, managed by [...]
FTSE 100 index opens flat as Prudential rises but miners extend losses after falling yesterdays March 9, 2016 The FTSE 100 index opened flat today, after it faltered yesterday on the back of weak Chinese trade data. The UK's blue-chip index rose 0.02 per cent to 6,126 points on the news. "The weakness of yesterday’s data merely serves to reinforce the importance of this weekend’s retail sales and industrial production data. A similarly abysmal showing here [...]
Glencore: Two bodies recovered after mine accident in the Democratic Republic of Congo March 8, 2016 Glencore today said that two bodies have been recovered after an accident at a copper mine owned by one of its subsidiaries in the Democratic Republic of Congo. Rescuers are still searching for five unaccounted for individuals after a "geotechnical failure" this morning at the north wall of the open pit KOV mine run by Kantanga Mining. [...]
Glencore’s chief executive Ivan Glasenberg took home £1.1m last year March 8, 2016 Embattled Glencore's top dog took home a sizeable £1.1m last year, despite the commodities trader and miner's share price plunging 69 per cent during this period. The company's chief executive Ivan Glasenberg was paid a total of $1.5m last year (£1.1m) in pay and pensions according to the its annual report released today. Nevertheless, the figure was broadly in [...]
FTSE 100 opens lower as miners’ share prices including Anglo American, Glencore and BHP Billiton fall after weak Chinese trade data March 8, 2016 The FTSE 100 index opened down this morning, following Asian markets lower after Chinese trade data declined by more than expected. The UK's blue-chip index fell 0.71 per cent to 6,136 points in early morning trading. "This morning’s latest Chinese trade numbers for February speak to that concern about the Chinese economy as imports declined 13.8 [...]
FTSE finishes the week higher after Brent crude, WTI oil and commodities prices rally March 4, 2016 The FTSE 100 finished the week comfortably above the 6,000 mark, after a week in which the price of oil surged. The FTSE finished at 6,199 points – 1.1 per cent higher. That brought its total rise for the week to 1.7 per cent. The rally came after the price of oil surged every day [...]