FTSE jumps as investors cheer the Fed rate rise – London Report December 18, 2015 TOP SHARE index, the FTSE 100, climbed yesterday, tracking gains on other equity markets after investors took the first US interest rate rise in nearly a decade as a sign of policymakers’ confidence in the world’s biggest economy. The FTSE rose 41 points, or 1.2 per cent to 6,102 points, but is down by around seven [...]
The biggest market moving moments of 2015, from the Chinese currency devaluations to the commodities crisis December 15, 2015 From Greece to China's Black Monday, It hasn't been an easy ride for many this year, with volatility taking global recovery in new and interesting directions. With the year nearing its end, we've looked back at the biggest market-moving moments of 2015. Contagion, anyone? Greece's General Election in January had far reaching consequences for the Eurozone, not just [...]
Blue-chip index falls for eighth straight session – London Report December 15, 2015 OIL AND commodity price concerns have continued to drag on the FTSE 100, with the index touching 10-week lows at its close last night. It finished down 1.3 per cent at 5,874, its eighth straight session of losses, and down around 10 per cent so far this year. The price of key metals, including copper [...]
FTSE 100 index opens down as Sports Direct and Old Mutual share price woes continue December 11, 2015 The FTSE 100 index opened down this morning as Sports Direct and Old Mutual extended losses, the day after both companies shed over 10 per cent of their share prices. The UK's top blue-chip index was down 0.18 per cent at 6,076 points. Sports Direct's share price was down 2.5 per cent as the market opened, falling to 577.75p per share, [...]
FTSE 100 closes down as Sports Direct struggles – London Report December 11, 2015 Gains for Glencore couldn’t keep the FTSE 100 up last night as both Sports Direct and Old Mutual fell hard. The index closed 0.63 per cent down at 6,088. Sports Direct slumped after Mike Ashley’s retailer posted poor first-half results and the company was criticised for staff conditions. Group revenue ticking up 0.1 per cent [...]
Anglo American is on track to join Lonmin and other struggling miners in the FTSE’s 90 per cent club December 11, 2015 Anglo American could be the next miner to join the FTSE's 90 per cent club, as the ongoing commodities rout takes its toll. The 90 per cent club is the one company nobody wants to join: made up of members of the FTSE all share who have lost more than 90 per cent of their value over the [...]
Companies flock to London to float on stock market after its bumper year of IPOs December 11, 2015 Companies have been coming to London in droves to bring their companies to market, according to accountants at PwC. London’s stock market was found to be the most active exchange in Europe in 2015, with just over £11.5bn raised through 84 initial public offerings (IPOs). London also became home to three of the biggest IPOs of [...]
At the close: FTSE 100 index closes down on Sports Direct, Old Mutual December 10, 2015 The FTSE 100 index slid in Thursday's trading despite gains by Glencore as both Sports Direct and Old Mutual tumbled. The index closed 0.63 per cent down at 6,088 points. Sports Direct slumped after Mike Ashley's retailer posted underwhelming first half results and the company was criticised for staff working conditions. Group revenue ticking up 0.1 per cent to £1.43bn, [...]
FTSE 100 index opens flat weighing Glencore gains against Sports Direct losses December 10, 2015 The FTSE 100 index opened flat this morning, weighing gains made by Glencore and losses in Sports Direct and Old Mutual The UK's top blue-chip index opened 0.44 per cent down at 6,099 points. Old Mutual dropped 4.61 as the market opened, to 186.2p per share, while Sports Direct's share price fell 6.69 per cent to 621p [...]
Glencore share price rises as it unveils increases debt reduction and cuts spending December 10, 2015 Glencore shares rose 5.7 per cent to 87.75p per share this morning, as investors cheered its plans for more debt reduction and spending cuts. In a statement released ahead of its annual investor day, the commodities miner and trader said it was now targeting net debt of between $18bn (£11.9bn) and $19bn by the end of 2016, lower than the previous [...]