New York and fuel trim FTSE – London Report October 2, 2015 UK SHARES outperformed their European counterparts yesterday as mining and oil and gas companies rose, although weakness on Wall Street trimmed the gains. The blue-chip FTSE 100 index closed just 10.86 points higher, up 0.2 per cent at 6,072.47 points, having been up by more than one per cent for most of the session. Mining [...]
Sainsbury’s and Glencore give FTSE 100 a three-digit lift – London Report October 1, 2015 The FTSE 100 enjoyed strong gains yesterday, helped by Sainsbury’s after the supermarket group lifted its full-year profit outlook. The blue-chip index climbed 152.37 points, or 2.6 per cent, to close at 6,061.61. Despite reporting a seventh straight quarter of falling sales, Sainsbury’s shares soared 13.8 per cent. Other supermarkets were also lifted, with Morrisons [...]
Glencore share price rises after chairman Tony Hayward buys more shares September 30, 2015 This is either a vote of confidence in the company's prospects, or a baby step towards a surreptitious management buyout – either way, one Glencore exec has decided to increase his stake in the commodities miner and trader today. Glencore chairman Tony Hayward has hoovered up an additional 100,000 shares at 91p per share, according to [...]
Fitch warns global growth will be slowest since 2009 September 30, 2015 Credit ratings agency Fitch has warned global growth is set to be the slowest since the depths of the financial crisis this year. Fitch said it expects the global economy will grow by just 2.3 per cent this year, the weakest since 2009, and less than the agency's June forecast. The weakness will come from [...]
Global markets on track for worst quarter since 2011 September 30, 2015 The commodity price rout, fresh concerns over the Chinese economy as well as its shock devaluation, and the prospect of the first interest rate rise from the US Fed since 2006 are some of the factors which made this summer a white knuckle ride for investors. Given this, it's hardly surprising that global markets are [...]
The business case for boardroom diversity: Diverse boards outperform male-only peers by £430bn September 30, 2015 Boardroom diversity boosts business, as diverse boards are outperforming their all-male peers by billions. Listed companies in the UK, US and India with at least one woman on their board beat male-only boards by $430bn in 2014, according to a report from Grant Thornton which measured the difference in returns on assets. Although this isn’t [...]
Glencore insists it is “operationally and financially robust” as share price continues to tumble September 30, 2015 Glencore has issued a statement insisting it is "operationally and financially robust" as the mining giant struggles to overcome its recent woes. The Anglo-Swiss commodities trader – whose share price has fallen more than 73 per cent since the start of the year, making it by far the worst performer on the FTSE 100 [...]
Wolseley hits FTSE despite recovery in mining sector – London Report September 30, 2015 BRITAIN’S leading share index fell yesterday, with a rebound for the mining sector failing to offset the impact of a cut in revenue growth prospects from plumbing supplies group Wolseley and the ripple effect from a US healthcare sell-off. The FTSE 100 index was down 0.8 per cent at 5,909.24 points at its close, underperforming [...]
Global markets on track for worst quarter since 2011 September 30, 2015 The commodity price rout, fresh concerns over the Chinese economy followed by its shock devaluation, uncertainty surrounding the Greek bailout deal, the prospect of a September interest rate rise from the Fed were some of the factors that made this summer a white knuckle ride for investors. Federal Reserve's first interest rate rise since 2006. [...]
Glencore share price slips back while reports suggest it held a secret meeting with investors September 29, 2015 Embattled Glencore reportedly held a secret meeting with an influential investor trade body yesterday, over the commodities miner and trader's £1.6bn share placing earlier this month. A meeting took place between the Investment Association – whose members manage £5.5 trillion of client assets – and John Burton, Glencore's company secretary, according to Sky News. The summit focused [...]