Another Anglo American asset sale: Troubled miner sells off Callide coal mine in Australia January 20, 2016 Troubled Anglo American has sold another Australian mine to weather the deepening commodities crisis which has struck it hard. Having shed over 84 per cent of its value in the past two years, the FTSE 100-listed miner is now selling its entire stake in the Callide thermal coal mine in Queensland, its second Australian asset [...]
FTSE 100 opens higher despite weak Chinese economic data as miners including Anglo America, Glencore and BHP Billiton rally January 19, 2016 The FTSE 100 index opened higher today despite data from China that showed its economy growing at its slowest rate in 25 years. The UK's blue-chip index opened 1.64 per cent up at 5,872 points, led higher by miners. Yesterday markets were weighed down by "continued risk aversion and weakness in oil prices, as concerns grow over further deflationary forces rippling [...]
European shares rise as FTSE 250 opens higher, with Home Retail’s share price rising nearly three per cent January 18, 2016 The FTSE 100 started the day higher, edging up 0.6 per cent, before it dipped to 5,826 points at the end of the first hour of trading – 0.4 per cent up – despite a mixed performance on Asian markets. The day's stellar performer was FTSE 250-listed Home Retail Group, whose shares rose 3.5 per cent to 159.2p. [...]
Mining stocks lead the FTSE 100 index lower as share prices of Anglo American, Glencore, BHP Billiton slump January 15, 2016 More January blues for miners (and it wasn't exactly a great 2015 for them), as they led the FTSE 100 index lower this morning. The UK's blue-chip index fell 2.44 per cent to 5,773 points in mid-afternoon trade, led lower by Anglo American and Glencore. The FTSE is setting itself up for a loss of over seven [...]
FTSE 100 closes lower on mining stocks as US markets tumble following a sharp drop in Chinese markets and oil prices January 15, 2016 You probably saw this one coming: The FTSE 100 finished the week 1.92 per cent lower, closing under 6,000 points for the second Friday running, as US markets tumbled. The FTSE 100 finished at 5,804 points, pushed down by miners including Anglo American, which finished the day 11.5 per cent lower at 232.7p, Glencore, which fell 6.5 per [...]
FTSE 100 index opens up on supermarkets as share price of Tesco, Sainsbury’s and Marks & Spencer rise following Morrisons results January 12, 2016 The FTSE 100 index opened higher this morning as housebuilders and supermarkets made gains. The UK's blue-chip index rose 0.2 per cent to 5,883 points, led higher by Tesco, Sainsbury's and housebuilder Berkeley Group. The index made gains despite continued scepticism about the state of the Chinese economy. Read more: And they’re off – Shire and Baxalta agree $32bn [...]
FTSE 100 index opens lower as concerns over the Chinese economy persist January 11, 2016 The FTSE 100 index opened lower today as fears over the state of the Chinese economy lingered on. The UK's blue-chip index fell 0.34 per cent to 5,891 points, led lower by oil companies and miners (again). The news followed another fall in Chinese markets, after weak inflation data was published over the weekend. "It feels as though [...]
Wall Street sinks and FTSE 100 index closes below 6,000 after another turbulent day in China January 7, 2016 The Dow Jones recorded its worst four-day start to a year on record, following another day of turmoil in China, which also left the S&P 500 on track for its worst start to a year since 1928. The Dow Jones industrial average fell 2.32 percent, to 16,514.1, the S&P 500 dropped 2.37 per cent, and the Nasdaq lost [...]
FTSE 100 index closes down as concerns over China cause mining stocks to fall January 6, 2016 The FTSE 100 index closed down today, dragged lower by mining stocks as concerns over China continued. The index closed 1.04 per cent down at 6,073 points, despite strong gains made by BAE Systems. "BAE topped the FTSE 100, as investors sought out defence stocks after North Korea’s nuclear weapon test," said Jasper Lawler, an analyst at [...]
FTSE 100 index trades lower on miners despite gains in Royal Mail’s share price, BAE Systems and Sainsbury’s January 6, 2016 The FTSE 100 index was trading lower in early afternoon trading as miners became lighter after gains made yesterday. The UK's blue-chip index fell 1.58 per cent to 6,040 points, despite a strong jump by Royal Mail. Royal Mail's share price rose 1.14 per cent to 442.2p, the day after its stock was upgraded to "buy" from "hold" by Cantor Fitzgerald, [...]