Sector movers: Mining stocks rebound as copper and gold prices gain
15th Jan 2015 15:03
Resource stocks were on the rise on Thursday, rebounding strongly after a sharp sell-off the previous session, as copper prices recovered. Copper, having dropped over 5% to $5,548 a metric tonne on Wednesday, was rising 2% to $5,666 in afternoon trade after data from China showed that credit growth
Read moreFTSE 100 movers: Miners plummet as copper hits five-year low, oil companies continue south
14th Jan 2015 13:52
Mining stocks fell across the board though those exposed to the copper sector were hit the hardest after copper prices fell to five and a half year lows to $5,353.25 a metric ton. Antofagasta and Anglo American fared badly, but Glencore fared the worst, falling over 11% to a new record low. On
Read moreLondon close: Stocks end choppy session firmly lower as data disappoints
6th Jan 2015 17:19
It was a volatile day for the UK equity market with stocks swinging between losses and gains for most of the session, with a late sell-off sending the FTSE 100 firmly in the red by the close. Service-sector activity data from across the globe largely came in below expectations with weak figures from
Read moreLondon midday: Stocks weighed down by economic data, oil and Greece
6th Jan 2015 11:49
Disappointing economic data and a continued slide in the price of oil pushed UK stocks firmly into the red on Tuesday, with the FTSE 100 trading at its lowest in three weeks. Ongoing concerns about a Greek exit from the Eurozone were also doing their bit to dampen market sentiment further. "The Gre
Read moreLondon close: UK stocks sink 2% on Greek exit fears, oil-price plunge
5th Jan 2015 16:45
Concerns about the Greek crisis and continuing downwards pressure on oil prices drove London's stock market 2% lower on Monday, with investors scaling back their appetite for risk ahead of a busy week. The FTSE 100 finished the session down 130.64 points at 6,417.16, its lowest close since 17 Decemb
Read moreSector movers: Resource stocks drop as crude prices sink
5th Jan 2015 15:53
Stocks in the resource sectors dropped sharply on Monday as shares tracked commodity prices lower, with oil and copper prices extending multi-year lows. Oil producers such as Shell, BP, Tullow Oil, Premier Oil and Afren were trading with heavy losses. Energy services stocks were also under pressure,
Read moreFTSE 100 movers: Travel stocks gain, resource shares drop
5th Jan 2015 15:03
The travel sector was booming on Monday as oil prices continued to fall. Carnival, International Consolidated Airlines Group and EasyJet were among the best performing members of the FTSE 100. Randgold Resources and Fresnillo were on the rise as gold and silver prices increased. Gold was up for the
Read moreLondon close: Stocks gain despite Greek political turmoil
29th Dec 2014 16:04
London stocks rose on Monday despite the risk of fresh Eurozone uncertainty as Greece's failure to choose a new president triggered elections. The FTSE 100 Index closed 23.58 points ahead at 6633.51 in London after Greek lawmakers failed to elect a new president in a final round of voting. It means
Read moreLondon open: UK stocks rise ahead of data, but Thorntons plummets
23rd Dec 2014 08:58
UK stocks jumped again on Tuesday as the pre-Christmas rally continued, with markets extending a two-week high ahead of a barrage of economic data. London's FTSE 100 was up 0.6% at 6,618 early on, rising for the sixth straight session. The index closed at 6,576.74 on Monday, its highest finish since
Read moreLondon close: UK equities rise to two-week high despite weak commodity stocks
22nd Dec 2014 16:26
Weakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break. The FTSE 100 finished 0.5% higher at 6,577, but pulled back after reaching a high of 6,620.95
Read moreLondon open: Late Santa Rally puts UK stocks on track for two-week high
22nd Dec 2014 08:48
UK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week. London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December.
Read moreBroker tips: Mining stocks, Dixons Carphone, Xaar
17th Dec 2014 13:00
After the recent falls across the mining sector, Liberum Capital has upgraded its rating on the category from 'sell' to 'hold', though the broker still sees plenty of downside risks in 2015. Liberum has lifted its stance on Rio Tinto, Glencore and Anglo American from 'sell' to 'hold', while BHP Bill
Read moreLondon midday: UK stocks back in the red ahead of Fed meeting
17th Dec 2014 12:18
UK stocks were back in the red on Wednesday after their first gain in seven days the previous session, with investors scaling back risk appetite ahead of a number of risk events. Along with a host of economic data due out during the session, markets were keeping an eye out for minutes for the latest
Read moreLiberum upgrades miners after recent sell-off, but downside risks remain
17th Dec 2014 11:23
After the recent falls across the mining sector, Liberum Capital has upgraded its rating on the category from 'sell' to 'hold', though the broker still sees plenty of downside risks in 2015. Stocks on the FTSE 350 mining index have dropped by 20% this year on the back of macro-economic concerns, a s
Read moreLondon open: UK stocks drop early on as investors await risk events
17th Dec 2014 08:21
UK stocks dropped sharply on Wednesday morning as the sell-off resumed ahead of a busy session for global financial markets. The FTSE 100 was down 0.8% at 6,284 early on. The index had jumped 2.4% the previous session, snapping a six-day losing streak, as West Texas Intermediate crude futures rebou
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