FTSE ends lower as commodities plunge again – London Report September 25, 2015 BRITAIN’S blue-chip share index fell yesterday, with basic resources and energy companies coming under fresh selling pressure due to lingering concerns about demand for metals and a poor outlook for commodity prices. The FTSE 100 index ended 1.2 per cent lower at 5,962.26 points. The index has fallen more than eight per cent so far [...]
Glencore share price hit worst in fallout from China’s slowdown: The scale of impact on commodity stocks and financial services revealed September 25, 2015 Just one month after plummeting Chinese equity markets sent shockwaves across global stock exchanges, industries around the world are seeing the damaging effects that China’s slowdown is having on jobs, growth and investment. “The Chinese slowdown and the Chinese economic rebalancing are pretty remorseless,” Kit Juckes, macro strategist at Societe Generale, told City A.M. [...]
Glencore’s share price falls further as commodities rout makes giant FTSE 100’s biggest loser – again September 24, 2015 Glencore’s woes aren’t over yet, as the commodities firm’s share price plunged anew today, making it the FTSE 100’s biggest loser for the second day this week. Worries over China’s economic slowdown have been pushing the price of raw materials sharply down, and the commodities rout is taking its toll on Glencore, which is the [...]
The future of the FTSE 100: What next? The quarterly reshuffle has changed the complexion of the leading index September 23, 2015 The Bloodbath continued yesterday as mining shares plummeted further and the FTSE dipped below 6,000 points. Glencore, whose shares fell by 10.63 per cent yesterday, only graduated to the elite index in 2011, but the commodities supercycle has come to a juddering halt, depressing the internationally exposed FTSE. This week also saw one [...]
Weak metal and oil prices drag the FTSE down – London Report September 23, 2015 WEAKER oil and metals prices weighed on commodity stocks, while motor insurer and repair group AA slumped after posting lower earnings, driving shares into retreat yesterday. The blue-chip FTSE 100 index was down 2.8 per cent at 5,935.84 points at its close, slightly outperforming European indexes. AA, part of the FTSE 250 mid-cap index, fell [...]
Glencore share price closes sharply lower amid commodities rout, China and Credit Suisse downgrade September 22, 2015 Glencore shares closed down 10.6 per cent to 106.35p this afternoon, as commodity prices careered downwards amid concerns over China's slowing economy. Earlier today, the commodities trader and miner fell below the 100p per share mark for the first time since it listed, sliding 14 per cent to 99.9p per share. Commodities such as copper and [...]
FTSE 100 slides below 6,000 mark as Glencore, Antofagasta and Anglo American share price falls September 22, 2015 Britain's blue-chip index slid below the 6,000 mark this afternoon, the first time since August, as a rout in commodity prices weighed on miners. The FTSE 100 closed down 2.8 per cent to 5,940.72, as copper prices which struck a two-week low and Credit Suisse downgraded the sector. "Until China demand and emerging market currencies find [...]
FTSE gains held back by miners and RSA’s woes – London Report September 22, 2015 TOP UK shares gained yesterday but underperformed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling. The FTSE 100 was up 0.1 per cent at 6,108.71 points at its close after falling in the previous two sessions. Pan-European equities were up 1.1 per [...]
All change: the FTSE newbies start trading September 20, 2015 IT IS a big day for Berkeley Group as today is its first day of trading on the blue-chip FTSE 100 index, having been promoted in the London Stock Exchange’s quarterly review. The quarterly review changes to the FTSE, as well as Germany’s Dax and France’s Cac indices, which were announced earlier this month come [...]
Glencore’s equity placing attacked for ignoring shareholders’ rights September 17, 2015 The Institute of Directors (IoD) has slammed mining giant Glencore for its recent £1.6bn equity placing, saying that the firm’s “conduct falls short of what we would expect of a major global company”. Oliver Parry, senior corporate governance adviser at the IoD, said that Glencore’s decision “appears to be in direct contravention of the [...]