London close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreLondon midday: Banks, miners slip as risk appetite declines ahead of Greek vote
3rd Jul 2015 12:09
UK stocks slipped on a quiet Friday, with US markets closed ahead of the Fourth of July holiday and as investor sentiment remained driven by Sunday's upcoming referendum in Greece. With polls suggesting the Greek public's vote on bailout proposals remains too close to call, investors were scaling ba
Read moreSector movers: Telcos, natural resources stocks lead London market lower
3rd Jul 2015 10:46
Telecommunications and natural resources stocks led the London market lower on Friday, ahead of the Greek bailout referendum on Sunday. The blue chip FTSE 100 closed down 0.67% or 44.69 points at 6585.78 as the sell-off in mining stocks continued with base metals prices sliding yet again after a bri
Read moreAnglo American reportedly cutting up to 20% of head office jobs
3rd Jul 2015 10:26
Anglo American is rumoured to be cutting as much as 20% of its workforce at its head offices around the world. The diversified mining giant, whose portfolios spans iron ore and manganese, coal, copper, nickel, platinum, phosphates and diamonds, employs a total of 151,200 worldwide. However, Reuters
Read moreLondon open: UK stocks slip ahead of Greek referendum, RBS
3rd Jul 2015 09:13
UK stocks opened slightly lower on Friday morning head of a crucial weekend for Greece, as the government holds a referendum on European bailout proposals. With Friday's economic data calendar looking sparse, investor sentiment was likely to be driven by developments in Athens, as the latest polls s
Read moreFTSE 100 movers: Intertek hit by downgrade, miners higher
2nd Jul 2015 13:14
The FTSE 100 was buoyed by a tentative recovery in metal prices, strong construction data and gains in the pharmaceuticals, insurance and telecommunications sectors on Thursday. As of 15:00 BST, London's blue chip index was trading 0.5% higher at 6,638. BP led the index higher after a robust rally
Read moreFTSE 100 movers: Travel and banking stocks surge, miners decline
1st Jul 2015 13:05
London markets were buoyed by strength in the travel and banking sectors, which offset weakness in mining and oil stocks. As of 14:30 BST, the FTSE 100 was trading 1.5% higher at 6,617. Travel and leisure stocks including Easyjet, IAG, TUI and IHG rebounded after a recent sell-off. The sector had b
Read moreLondon close: Last-minute Greek proposal fails to lift stocks, FTSE plunges 1.5%
30th Jun 2015 16:41
A last-minute request from Greek prime minister Alexis Tsipras for a new bailout programme failed to inspire gains on London's stock market as the heavyweight mining sector bore the brunt of a reduction in risk appetite. A sell-off on the base metals market was weighing heavily on mining stocks, pus
Read moreFTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read moreLondon close: Markets slip with investors nervous ahead of crucial weekend for Greece
26th Jun 2015 16:28
UK stocks finished firmly lower on Friday as Greece entered crunch time in its debt negotiations with creditors, with officials heading towards a pivotal weekend for Athens and the Eurozone. The FTSE 100 fell 54.12 points (-0.8%) to 6,753.70, with ARM Holdings and a host of mining stocks providing a
Read moreFTSE 100 movers: Tesco surges on slower sales decline, miners lower
26th Jun 2015 14:25
UK stocks edged lower on Friday, as Greece's crucial weekend approached and mining, engineering and oil stocks provided a drag. As of 15:00 BST, the FTSE 100 was trading 0.4% lower at 6,783. Supermarket chain Tesco gained after reporting that the ongoing slide in sales was slowing. UK like-for-like
Read moreLondon midday: Stocks drop ahead of weekend Greek debt talks
26th Jun 2015 11:28
UK stocks were trading firmly in the red on Friday as investors showed their nerves ahead of a crucial weekend for Greece, as debt talks go down to the wire. The FTSE 100 was trading 0.84% lower at 6,750.63 by midday, with just six constituents trading in positive territory. "Like most of these in-
Read moreLondon open: Stocks fall as Greece enters crunch talks over debt deal
26th Jun 2015 09:13
UK stock markets fell on Friday morning after the collapse of Greek debt talks at the Eurogroup meeting the previous day. The FTSE 100 was down 0.72% at 6,758.47 in early trading, as gains in the supermarket sector were offset by weakness among miners as investors scaled back their appetite for risk
Read moreLondon open: UK stocks rise ahead of pivotal Eurogroup meeting on Greece
24th Jun 2015 09:13
UK stocks opened with small gains on Wednesday morning ahead of another Eurogroup meeting, as officials hope to secure desperately-needed bailout funds for Greece. The FTSE 100 was up 0.22% at 6,849.80 early on, rising for the fifth consecutive session. The index has not closed above this mark since
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