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 [...]
FTSE retreats as aerospace and miners weigh – London Report October 13, 2015 Mining and aerospace stocks weighed on FTSE yesterday as the UK’s top share index fell after posting its biggest weekly gain since 2011 in the previous session. The benchmark FTSE 100 index was down 0.7 per cent at 6,371.18 points at its close, its first daily loss in nine sessions, having risen for the previous [...]
Trading stocks and equity markets will dominate week ahead – eToro Tips & Picks October 12, 2015 This week is going to be all about trading stocks and equity markets, as the fallout from the poor US jobs report continues to give markets a shot in the arm. Last week saw the start of earnings season in the US, with Alcoa reporting its third quarter numbers. Expectations for earnings are [...]
Glencore share price dips as miner confirms asset sales in Chile and Australia to shrink debt pile and weather commodities rout October 12, 2015 Embattled mining and trading giant Glencore is selling off assets in Australia and Chile, in a move to diminish its mountain of debt. The company confirmed it will sell its wholly-owned Cobar copper mine in Australia and Lomas Bayas copper mine in Chile, after it flagged early this morning it will announce proposed sales of assets in the regions. The company [...]
Glencore share price lifted by plans to slash zinc production by a third October 9, 2015 Glencore announced this morning that it plans to cut zinc production by 500,000 tonnes each year. The reduction, which will knock off around a third of the mining company's current zinc output, is taking place to counteract plummeting prices of the metal. Since May, zinc has lost around 30 per cent of its value. Shares [...]
Bank’s decision to hold rates helps FTSE rise – London Report October 9, 2015 THE BANK of England’s decision yesterday to keep interest rates at record low levels contributed to rises in the blue-chip FTSE 100 index. A continuing surge in energy and mining shares also helped the index to maintain a run of rises. The FTSE 100 ended 0.6 per cent stronger at 6,374.82 points, outperforming major European [...]
FTSE closes higher after Bank of England keeps rates unchanged October 8, 2015 Britain's blue-chip index closed up 0.6 per cent to 6,374.82 points today, after the Bank of England (BoE) voted 8-1 in favour of holding interest rates at a record low 0.5 per cent. The Bank's monetary policy committee – which is charged with setting interest rates – pushed back its forecast for when inflation will return to [...]
IMF: Emerging markets slowdown has pushed global economy to edge of recession October 7, 2015 The slowdown in emerging markets such as China and Brazil has pushed the world to the brink of recession, the International Monetary Fund (IMF) warned yesterday. The world is perilously close to entering a recession again this year and next, according to its latest forecasts. The fund has cut its forecast for global growth by [...]
FTSE 100 index ends up as commodities and energy rally – London Report October 7, 2015 Energy and mining stocks yesterday advanced on the back of stronger commodity prices as Britain’s top shares index extended gains from Monday’s session. The blue-chip FTSE 100 index, which surged 2.8 per cent on Monday, ended 0.4 per cent higher at 6,326.16 points. The index, however, is still down about 3.5 per cent this year [...]