FTSE 100 movers: Miners and oil stocks drag down market over China woes
7th Jan 2016 13:56
(ShareCast News) - The FTSE 100 continued to fall on Thursday, down 156.34 points (2.57%) to 5,917.04 by mid-afternoon. Miners again dragged the market down amid growing concerns about China, one of the world's largest commodities consumers, after the country had its shortest trading day in history.
Read moreFTSE 100 movers: Miners drive down blue chip market
6th Jan 2016 14:59
(ShareCast News) - The FTSE 100 had dropped 86.42 points (1.41%) by mid-afternoon Wednesday, down to 6,050.82 points. Miners were again on the list of risers and fallers for a second day in a row, but this time on the negative side. Anglo American, BHP Billiton, Rio Tinto, Glencore and Antofagasta a
Read moreFTSE 100 movers: Miners reverse downward trend
5th Jan 2016 14:02
(ShareCast News) - The FTSE 100 had rebounded from Monday's losses by mid-afternoon Tuesday, with the blue chip index up 39.12 points (0.64%) to 6,132.55. Miners Glencore, Anglo American, Fresnillio and Rio Tinto reversed their losses from the start of the week and led the risers after news the UK c
Read moreFTSE 100 movers: Miners slump on China data but Randgold shines
4th Jan 2016 14:00
(ShareCast News) - London's FTSE 100 was down 2.2% to 6,106.37 at 1418 GMT, kicking off the new year with broad-based losses following the release of uninspiring Chinese data. Heavily-weighted miners, which are heavily reliant on demand from China, were hit hard following the release of disappointin
Read moreLondon close: Stocks end lower on slump in commodities
30th Dec 2015 16:19
(ShareCast News) - UK stocks slumped on Wednesday as shares in mining and oil producers declined. Oil prices reversed the previous day's gains on concerns about a supply glut after a report showed an unexpected rise in US crude inventories. The Energy Information Administration said US crude invent
Read moreSector movers: Oil producers and mining stocks under pressure
30th Dec 2015 16:00
(ShareCast News) - Commodity producers were under the cosh on Wednesday as oil and metal prices slipped. Oil prices reversed Tuesday's gains with Brent crude down 2.9% to $36.70 per barrel and West Texas Intermediate down 3.07% to $36.74 per barrel. The decline came after the Energy Information Adm
Read moreFTSE 100 movers: ARM falls over Apple Christmas sales speculation
18th Dec 2015 14:14
(ShareCast News) - With the US Federal Reserve's hike honeymoon period coming to an end and new easing measures announced in Japan, London markets were similarly affected with the FTSE 100 down 36.19 points (0.59%) to 6,066.35. ARM Holdings was the biggest faller after a perception amongst traders t
Read moreAnglo American drops on SocGen downgrade
16th Dec 2015 08:10
(ShareCast News) - Anglo American was under pressure after Societe Generale downgraded the stock to 'sell' from 'hold' and slashed the price target to 250p from 530p, saying things could get worse before they get better. It said investors are questioning the speed and magnitude of the "radical chang
Read moreFTSE 100 movers: Old Mutual rebound continues
15th Dec 2015 13:58
(ShareCast News) - The FTSE was on track to reverse Monday's losses, with the blue chip market up 124.93 points (2.13%) mid-afternoon Tuesday to 5,998.99 points. Old Mutual continued to rebound after last week's losses due to political issues in South Africa. A broker downgrade and weaker rand weig
Read moreFTSE 100 movers: Political issues in South Africa hit Old Mutual again
11th Dec 2015 14:25
(ShareCast News) - The FTSE 100 has failed to regain any traction on the week, with the blue chip market down 21.60 points (2.00%) to 5,966.45 by mid-afternoon Friday. Old Mutual again led the fallers, still reeling from political issues in South Africa. It's the second day of major falls for the co
Read moreThursday broker round-up
10th Dec 2015 15:52
(ShareCast News) - Anglo American: Nomura slashes target from 780p to 370p but reiterates reduce. Royal Mail: Morgan Stanley stays at buy with 420p target price. Enquest: Canaccord Genuity lowers target from 30p to 25p but keeps at hold. Entertainment One: JP Morgan reiterates overweigh and nudges
Read moreBroker tips: Moneysupermarket.com, Pearson, Anglo American
9th Dec 2015 15:21
(ShareCast News) - Shares in Moneysupermarket.com have surged after Jefferies upgraded the stock from 'hold' to 'buy'. The investment bank issued a note on Wednesday, saying it had been too cautious this year and the company had performed well. "It is one of the few online marketplace models we hav
Read moreAnglo American slumps again; Jefferies says equity issuance may still be needed
9th Dec 2015 10:04
(ShareCast News) - Shares in miner Anglo American skidded for the second day in a row after it said on Tuesday that it plans to scrap its dividend for this year and the next and axe jobs amid a "radical" portfolio restructuring to combat falling commodity prices. Jefferies downgraded its stance on t
Read moreFTSE 100 movers: Anglo American and Miners send market down
8th Dec 2015 13:31
(ShareCast News) - The FTSE 100 continued its slide, with the blue-chip market down 72.15 points (1.16%) to 6,151.37 by mid-afternoon Tuesday. Driving the market down was Anglo American after it said it will suspend its dividend to investors this year and the next as it announced a "radical" portfol
Read moreAnglo American tumbles as it scraps dividend, announces restructuring
8th Dec 2015 08:20
(ShareCast News) - Anglo American said it will suspend its dividend to investors this year and the next as it announced a "radical" portfolio restructuring and further material costs savings and capex reductions to combat declining commodity prices. The miner said it will cut its number of assets by
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