Glencore, Anglo American and Antofagasta share price: FTSE miners continue rally as copper prices pop March 4, 2016 London-listed miners continued to rally today, as copper prices surged towards the biggest weekly gain in four months as investors returned to riskier assets. Bright economic data out of the US, coupled with rising oil and commodity prices have encouraged investors. It was reinforced by hopes for further monetary stimulus from China. On the London Metal [...]
FTSE 100 index closes down on Inmarsat and Whitbread results March 3, 2016 The FTSE 100 index closed lower today as Inmarsat and Costa Coffee parent Whitbread dropped. The UK's blue-chip index fell 0.27 per cent to 6,130 points. "European markets pulled back from weekly highs as service sector data came in mixed, healthcare stocks dropped and traders pulled positions ahead of Friday’s US jobs report," said CMC Markets analyst Jasper Lawler. [...]
FTSE 100 index closes lower as the price of oil slides and share prices of ITV and Intertek fall March 2, 2016 After a positive start to Wednesday's trading, the FTSE 100 swung into a loss for the day as the share prices of ITV and Intertek faltered. The UK's blue chip index closed 0.09 per cent lower at 6,147 points, as oil prices fell after it was revealed inventories rose. "A slide back in oil prices appears [...]
Glencore share price falls as profits plunge on weak commodity prices March 1, 2016 Today's results come as no surprise to investors, with Glencore's profits tracking huge falls in commodity prices last year. The figures Glencore's share price fell around 2.4 per cent to 130.p per share this morning. The commodity miner and traders's adjusted net income fell 69 per cent to $1.34bn (£961m) last year, down from $4.28bn a year earlier. This was [...]
FTSE 100 index closes flat on last day of the month as supermarkets come into focus February 29, 2016 The FTSE 100 index closed slightly higher on the quiet last day of the month after the G20 disappointed over the weekend. The UK's blue-chip index closed 0.02 per cent higher at 6,097 points. "It was almost as if investors forgot about the leap day and no investments were planned on a quiet last day of the month," said [...]
Miners look to asset sales for relief February 28, 2016 The mining industry is set for further pain this week, as Glencore and Fresnillo report preliminary results for 2015 tomorrow. Analysts are expecting a fall in pre-tax profit at Glencore of up to 80 per cent, as well as details of how the Switzerland based FTSE 100 miner will go about cutting its $13bn (£9.4bn) [...]
At the close: FTSE 100 index falls as share prices of Standard Chartered and miners including Anglo American and Glencore drop further while housebuilders make gains February 24, 2016 The FTSE 100 index closed lower on Wednesday as the price of oil slid further and miners and Standard Chartered extended losses. The UK's blue-chip index dropped 1.6 per cent to 5,867 points, led lower by Anglo American and Glencore. "European markets tripped up again on Wednesday as volatile moves in the price of oil [...]
Anglo American, Antofagasta, Glencore and Rio Tinto all see shares jump while BHP Billiton becomes latest FTSE miner to slash its dividend February 23, 2016 Some of the world’s biggest mining firms led the FTSE 100 above 6,000 yesterday, as rising commodity prices saw the beleaguered industry bounce back. All five of the index’s top risers were miners, with Glencore and Anglo-American recording double-digit gains and Rio Tinto and Antofagasta also rising sharply. Dual-listed BHP Billiton, which was last night [...]
BHP Billiton cuts dividend and profits slides as it battles commodity rout February 22, 2016 Mining giant BHP Billiton has cut its dividend as it struggles to maintain its A-grade ratting in the midst of its biggest ever profit slump. The company scrapped its pledge to keep its dividend steady or rising, slashing the dividend by 74 per cent. Dividend per share has been cut from 62 cents to 16 [...]
At the close: FTSE 100 index closes higher as the oil price rises with banks’ and miners’ share prices including Anglo American and Glencore rising despite housebuilders and HSBC’s share price falling February 22, 2016 The FTSE 100 index closed higher today after the price of oil rose and there was a bounce-back in mining companies and banking shares. The UK's blue-chip index rose 1.47 per cent to 6,037 points, led higher by Glencore and Anglo American. "Rallying commodity prices from crude oil to copper have boosted the beaten up [...]