FTSE ends day steady as hotel stocks surge – London Report October 21, 2015 Arally in InterContinental Hotels Group and Whitbread shares yesterday following their well-received results helped to keep the FTSE 100 steady. The blue-chip FTSE 100 ended 0.1 per cent lower at 6,345.13 points, outperforming a 0.4 per cent fall in the pan-European FTSEurofirst 300. The FTSE 100 index still trades about 11 per cent below its [...]
FTSE 100 ends the day flat as InterContinental Hotels Group leads the pack October 20, 2015 The UK's top share index traded relatively flat on Tuesday but outperformed other European indexes. The FTSE 100 closed 0.02 per cent up, at 6,353 points, while France's Cac closed 0.50 per cent lower at 4,680 and Germany's Dax finished Tuesday's session 0.01 per cent up at 10,165. However the FTSE 100 is still trading nearly 11 per cent below its [...]
FTSE 100 trading marginally up on Whitbread and InterContinental Hotels Group results October 20, 2015 The FTSE 100 is swinging between minor gains and falls this morning as Whitbread and InterContinental Hotels Group (IHG) lead the pack, gaining 2.22 per cent and 3.72 per cent respectively at 9:00. Investors liked Whitbread's first half results, in which the company reported a pre-tax profit of £291.3m, up 13 per cent on the same period last year. [...]
FTSE dragged downwards by mining stocks – London Report October 20, 2015 REPORTS of a slowing Chinese economy yesterday hit mining stocks, dragging down the blue-chip FTSE 100 index. The index closed 0.4 per cent down at 6,352 points, led lower by mining company Anglo American which dropped by 7.37 per cent. Despite a rally of around five per cent so far in October, the FTSE 100 [...]
At the close: FTSE 100 dragged down by mining stocks October 19, 2015 The FTSE 100 closed lower today after mining stocks were badly hit by weak economic data from China. The index closed 0.4 per cent down at 6,352 points, led lower by mining company Anglo American which dropped by 7.37 per cent. Earlier today data from China outperformed analysts' expectations with gross domestic product growing at 6.9 per cent, but still [...]
Commodity crunch to hit UK dividend growth next year October 19, 2015 The commodity crunch is set to stifle dividend-growth in London-listed companies next year. Total dividend growth is expected to slow three per cent to £89.8bn in 2016, way below a 6.8 per cent projected increase to £87.2bn this year, according to a report by Capita Asset Services. "The concentration of global mining firms listed on the UK stock exchange [...]
Mining companies take the FTSE 100 lower October 19, 2015 The FTSE 100 has turned negative, led by mining companies, including Anglo American which was four per cent down at 9:50, Fresnillo which was three per cent lower and Glencore which was trading 2.7 per cent down. Chinese gross domestic product figures released today fed further into fears of a global slowdown, pushing mining companies share price down. Read more: China's third [...]
China woes and miners’ troubles weigh on index – London Report October 14, 2015 MIXED Chinese economic data and falls in mining shares weighed on the FTSE 100 yesterday. However, declines were mitigated somewhat by a surge in drinks group SABMiller following a new takeover proposal from rival AB InBev. The blue-chip index, which fell on Monday to end an eight-day winning run, was down 0.5 per cent at [...]
FTSE-listed miners Glencore, Anglo American, BHP Biliton and Antofagasta’s share prices rattled by weak Chinese data October 13, 2015 Shares in London-listed miners were rattled this morning after Chinese imports slipped 20 per cent last month, reinforcing fears that the country's economy is losing momentum more quickly than initially thought. Glencore fell 5.1 per cent to 114.95p per share, Anglo American slipped 2.5 per cent to 675.15p per share, BHP Billiton fell 1.87 per cent to 1,155.50p per share and [...]
Royal Mail share price falls as government sells off last 13 per cent stake – with one per cent going to staff October 13, 2015 Royal Mail's share price pushed the FTSE down this morning as the government revealed it had sold off its last 13 per cent stake in the business, with the remaining one per cent being gifted to eligible staff. The final tranche of shares was sold for 455p per share, taking the total raised from the sale to [...]