London midday: Shares fall as BoE's McCafferty calls for rate hike
20th Oct 2015 11:18
(ShareCast News) - London stocks snapped an earlier climb on Tuesday after the Bank of England's well-known hawk Ian McCafferty again called for an interest rate hike. McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, s
Read moreSunday share tips: Oxford Instruments, FTSE 100 miners, Redcentric
18th Oct 2015 14:21
(ShareCast News) - Oxford Instruments shares should be sold, said the Sunday Times' Inside the City column. The high-tech device maker spun out of Oxford University in 1959 needs to operate right on the bleeding edge of technology, and often depends on acquisitions to stay relevant - but not even th
Read moreAnglo American announced up to 140 job cuts
18th Oct 2015 10:04
(ShareCast News) - Anglo American is planning to cut between 120 and 140 jobs in Chile, the mining giant announced over the weekend. The cuts include workers at its flagship Los Bronces copper mine and offices in the country's capital, Santiago. All of the positions being cut are in services and
Read moreLondon open: Stocks slide as Chinese imports and exports contract
13th Oct 2015 08:33
(ShareCast News) - London's FTSE 100 index declined early on Tuesday after Chinese trade data showed a fall in exports and imports in September, adding to worries about the country's flagging economy. Chinese exports decreased 3.7% in September from a year earlier in US dollar terms following a 5.5%
Read moreLondon open: Stocks rise after BoE, ECB and Fed meeting minutes
9th Oct 2015 08:35
(ShareCast News) - London stocks were in positive territory on Friday as investors continued to analyse policy meeting minutes from the Bank of England, European Central Bank and the Federal Reserve. The BoE on Thursday voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn,
Read moreFTSE 100 movers: Miners move up while airlines skydive
7th Oct 2015 13:44
(ShareCast News) - The FTSE 100 was up 41.13 points (0.65%) to 6,367.29 by mid-afternoon Wednesday. Mining stocks, specifically Anglo American, Rio Tinto and BHP Billiton drove the market higher on the back of Morgan Stanley upgrading its stance on all three stocks. The investment firm also lifted
Read moreMorgan Stanley lifts stance on European miners; bumps up BHP, Rio and Anglo
7th Oct 2015 09:27
(ShareCast News) - London-listed miners Rio Tinto, BHP Billiton and Anglo American got a boost on Wednesday after Morgan Stanley upgraded its stance on all three stocks, as it lifted its view on the European metals and mining sector to 'attractive' from 'in line'. As far as the sector as a whole is
Read moreLondon open: Mining shares lift equities higher
7th Oct 2015 08:29
(ShareCast News) - London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose. Anglo American, Rio Tinto and BHP Billiton topped the FTSE 100 in morning trade as the price of gold and copper jumped on the Comex. SABMiller was also on the front foot, reversing the previ
Read moreLondon close: Stocks end higher as miners and oil producers rally
6th Oct 2015 16:05
(ShareCast News) - The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied. Oil producers Royal Dutch Shell, BP and BG Group were among the top risers as Brent crude and West Texas Immediate jumped 4% to $51.34 per barrel
Read moreDalata Hotel directors help fund new hotels
6th Oct 2015 15:42
(ShareCast News) - Dalata Hotel Group's directors have increased their stake in the company as the company raised funds for further expansion. Seven directors and the company secretary all stumped up cash in the open offer which was announced in September and approved at Monday's AGM. At the time t
Read moreFTSE 100 Movers: SABMiller rises on offer speculation; Glencore hammered
28th Sep 2015 13:35
(ShareCast News) - The FTSE 100 was trading 96.88 points or 1.59% lower at 6,012.13 by mid-afternoon on Monday. SABMiller fought the trend and rose on the back of news on Sunday that an offer for the brewing giant could be tabled by AB InBev much sooner than originally anticipated. The Sunday Times
Read moreGlencore tumbles as Investec warns it holds little value for shareholders
28th Sep 2015 09:43
(ShareCast News) - Glencore shares tumbled on Monday on the back of a fairly downbeat assessment from Investec, which warned the stock holds little value for shareholders. "The challenging environment for mining companies leads us to the question of how much value will be left for equity holders if
Read moreFTSE 100 movers: Glencore leads mining stocks lower
22nd Sep 2015 15:46
(ShareCast News) - The FTSE 100 slipped 2.60% to 5,949.16 points on Tuesday afternoon, led by a decline in mining stocks. Glencore was the top faller, as commodity prices edged lower and Credit Suisse said weak demand from China and emerging markets would continue to drag on the sector. Credit Suis
Read moreCredit Suisse downgrades Anglo American, sees cut to divi
22nd Sep 2015 10:18
(ShareCast News) - Until final demand from China and emerging market currencies find a bottom it will continue to be hard to set a floor for commodity prices, one of the world's largest brokers believed. Iron ore was set to do worst from current levels while copper prices were seen "hovering" around
Read moreMonday newspaper round-up: Pensions, Anglo American, China
21st Sep 2015 06:59
(ShareCast News) - Boris Johnson's pensions tsar has warned that the National Health Service faces a half-trillion-pound pension deficit and urged the government to tackle generous public sector retirement packages that have become unaffordable. In a report to the Treasury being submitted today, Edi
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