At the close: Mining companies Glencore, Anglo American and BHP Billiton take FTSE 100 higher November 4, 2015 The FTSE 100 ended Wednesday's session slightly higher, led by gains in mining companies. The UK's top blue chip index ended the day 0.46 per cent up at 6,412 points. The day's biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its debt pile. It today announced a [...]
FTSE 100 index opens up led by Glencore, Anglo American, BHP Billiton and Marks and Spencer November 4, 2015 The FTSE 100 opened marginally up this morning, led higher by mining companies, as Glencore reported it was reducing the size of its net debt. The UK's top blue chip index was up 0.44 per cent at 6,411 points. Glencore, the mining giant, which has been struggling to reassure investors worried about the size of [...]
Glencore share price soars to make it FTSE’s biggest riser as debt pile shrinks more than expected November 4, 2015 Glencore is expecting net debt to fall to $25bn by the end of the year, as asset sales in Australia and Chile have helped shrink the miner’s mountain of debt. The embattled mining and trading giant, which has been struggling to reassure investors worried about the size of its debt pile, today announced a debt [...]
Emerging market slowdown wipes £79bn off the value of Britain’s biggest firms November 4, 2015 One day after Standard Chartered’s “disappointing” third-quarter results sent the Asia-focused bank’s share price down nearly 10 per cent during trading, City A.M. analysis reveals that the slowdown in China and other emerging markets has wiped off around £79bn from some of Britain’s biggest businesses. Eight blue-chip companies have seen their combined market cap plummet by £78.7bn [...]
At the close: FTSE 100 marginally up despite slides from housebuilders and Standard Chartered November 3, 2015 The FTSE 100 closed marginally up on Tuesday after energy stocks rallied to counter to slides in housebuilders' stocks and Standard Chartered's share price. The FTSE 100 ended the session 0.2 per cent up at 6,374. Housebuilders were hit after being downgraded by Liberum, a broker, to "sell" saying the largest housebuilders' valuations were "too optimistic". Barratt [...]
FTSE 100 index: Banks get some welcome relief from Visa cash – London Report November 3, 2015 The first trading day of November saw the FTSE 100 close flat as the news that Visa Europe is to be bought by US company Visa helped rally banking stocks. The FTSE 100 ended yesterday’s session flat, up just 0.01 per cent at 6,362 points. However, HSBC, which reported a jump in pre-tax profit to [...]
At the close: FTSE 100 closes flat on first trading day in November November 2, 2015 The first trading day of November saw the FTSE 100 close flat as the news that Visa Europe is to be bought by Visa US helped rally banking stocks. The FTSE 100 ended Monday's session 0.01 per cent up at 6,362 points. However, HSBC, which reported a jump in pre-tax profit to $6.1bn (£3.95bn) for the third quarter, [...]
Glencore, Anglo American and BHP Billiton share price: FTSE 100 miners are getting hammered October 29, 2015 London-listed miners took a beating today as traders digested the US Federal Reserve hints that a December rate hike could be on the card. Anglo American shed five per cent to 534.85p per share, while Glencore slid 4.9 per cent to 109.80p per share and BHP Billiton lost 4.6 per cent to 1,046.75p per share. "The Fed hint that it [...]
FTSE extends falls after commodities drag down index – London Report October 28, 2015 Shares linked to the economic cycle gave up ground yesterday over concerns on growth in some countries and an oversupplied commodity market. The blue-chip FTSE 100 index fell 0.8 per cent to 6,365.27 points, its biggest daily loss in almost two weeks. Investors avoided strong bets ahead of the outcome of a two-day Federal Reserve [...]
TalkTalk and WPP pull index off Friday’s high – London Report October 27, 2015 A fall in advertising group WPP, while TalkTalk’s losses worsened in the wake of a cyber attack, weighed yesterday on the FTSE 100 as it slipped off two-month highs. The blue-chip index ended 0.4 per cent lower at 6,417.02 points, having risen 1.1 per cent on Friday to its highest level in two months. Commodity [...]