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 [...]
These were some of the worst investments of 2015 December 10, 2015 From a slowdown in the Chinese economy to the Greek debt crisis, a number of events burnt the hands of even the shrewdest investors this year. Here’s a round-up of some of the worst. Mounting fears China’s economy is slowing at a greater pace than previously thought gave investors a bumpy ride in 2015. China’s [...]
FTSE closes flat as the oil and metal rout ends – London Report December 10, 2015 THE FTSE 100 index closed down yesterday despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. “It [...]
At the close: FTSE 100 index closes down despite miners making gains December 9, 2015 The FTSE 100 index closed down today despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. "It would appear that a weaker US [...]
Anglo American’s share price drags down the FTSE 100 again December 9, 2015 Miners opened higher this morning, but the rally was short-lived, with some of the UK's commodity giants dragging the FTSE 100 into the red by mid-morning. The UK's top blue-chip index was 0.34 per cent down at 6,114 points in mid-morning trade. Anglo American dropped for the second day in a row, plunging 11 per [...]
Miners see big sell offs pushing the FTSE downward – London Report December 9, 2015 The FTSE 100 index closed down last night, led lower by miners. The index shut 1.42 per cent down at 6,135.22 points. Anglo American’s share price fell 12.29 per cent, while Rio Tinto’s followed, dropping 8.37 per cent. Glencore was down 6.92 per cent, while Antofagasta and BHP Billiton dropped 7.57 per cent and 5.54 [...]