Miners fearing US rate rise pull down FTSE 100 – London Report November 10, 2015 UTILITIES, the InterContinental Hotels Group and mining companies yesterday weighed on the FTSE 100. The blue-chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world’s largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, after denying rumours of a possible [...]
At the close: FTSE 100 taken lower by Glencore and InterContinental Hotels Group November 9, 2015 The FTSE 100 ended Monday's trading session lower, taken down by utility and mining companies as well as InterContinental Hotels Group. The blue chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world's largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, [...]
FTSE 100 falls after interest rates are left on hold – London Report November 6, 2015 The Bank of England’s (BoE) decision to keep interest rates at record lows for the 80th month wasn’t able to prevent the FTSE closing down last night, finishing with a loss of 0.8 per cent at 6,364.9 points. The FTSE had been trading in negative territory throughout the morning ahead the BoE’s announcement but rallied [...]
FTSE 100 index opens marginally down despite gains from RSA, AstraZeneca and Glencore November 5, 2015 The FTSE 100 opened marginally lower this morning, despite a positive outlook from AstraZeneca and RSA, and continued support for Glencore following on from yesterday. The UK's top bluechip index was down 0.25 per cent at 6,395 points, led lower by supermarket Morrisons, which reported sales continued to tumble this morning. Total sales excluding fuel were down two per cent, while [...]
Mining giants bounce back to push up FTSE 100 – London Report November 5, 2015 The FTSE 100 ended yesterday’s session slightly higher, boosted by gains in mining companies and Marks and Spencer. The UK’s 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 [...]
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 [...]