London open: UK stocks extend slide as Chinese data disappoints
16th Dec 2014 08:20
Yet more disappointing economic data from China pushed UK stocks lower for the seventh straight session on Tuesday, with markets extending losses despite plunging to an 18-month low the previous session. Not even the news that the Bank of England (BoE) has given a clean bill of health to seven out o
Read moreSector movers: Miners lead losses on weak outlook for prices
15th Dec 2014 19:32
A renewed drop in oil prices coincided with a renewed bout of selling in equities across the globe. However, the largest losses were in fact sustained by miners. In a research note e-mailed to clients on Monday morning analysts at Credit Suisse explained the reasoning behind the substantial downgrad
Read moreLondon open: Sell-off continues as UK resource stocks tank
12th Dec 2014 08:42
The dramatic sell-off on the FTSE 100 continued into its fifth straight day on Friday as a weak finish on Wall Street and disappointing data from China hammered already-fragile sentiment on the market. London's benchmark index was down a staggering 1.3% at 6,377 early on, dropping below the 6,400 le
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreFTSE 100 movers: Travel companies soar as miners sink
11th Dec 2014 16:21
Travel companies Easyjet and International Consolidated Airlines Group were boosted by the fall in oil prices, on hopes that lower fuel costs will boost profitability. Dixons Carphone was also among the risers after it emerged earlier this week that it surpassed its Christmas store opening targets.
Read moreSector movers: Mining stocks sink as markets extend drop
11th Dec 2014 14:31
Not even the hope of more stimulus in China could help mining stocks on Thursday, as shares in the sector tanked on the back of global slowdown concerns. Miners were bearing the brunt of the fourth day of losses for London's equity market after the news that banks took up fewer-than-expected loans f
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreAnglo American says falling commodity prices will hurt targets
9th Dec 2014 17:25
Anglo American's chief executive on Wednesday warned that falling commodity prices will affect targets. Mark Cutifani warned that the return on capital employed now expected in 2016 is 12%, compared to its target of 15%. Based on last year's commodity prices, the miner remained on track to meet its
Read moreLondon open: Stocks hit by weak data from Japan, China and Germany
8th Dec 2014 09:19
A steeper-than-expected recession in Japan and poor data from China and Germany dampened market sentiment on Monday, with UK stocks starting the week on the back foot. London's FTSE 100 was trading 0.5% lower at 6,712 early on after closing out last week at 6,742.84, its highest close since 21 Novem
Read moreAnglo American pulls out of Peruvian copper project
5th Dec 2014 14:55
Mining giant Anglo American is pulling out of a copper exploration project in Peru. Anglo said its wholly owned subsidiary Anglo American Michiquillay (AAM) had notified the Peruvian government to terminate a 2007 privatisation agreement, which will result in AAM returning the scheme to Activos Mine
Read moreSector movers: Mining and oil stocks drop as ECB holds off on stimulus
4th Dec 2014 15:09
Cyclical sectors such as mining and oil were the worst performers of the day on Thursday as the wider stock market weakened in the absence of stimulus measures from the European Central Bank (ECB). The ECB held off from making a move at its meeting, saying instead that it would look at injecting sti
Read moreFTSE 100 movers: Travel companies fly higher as miners sink
4th Dec 2014 14:45
Travel tour operator TUI Travel saw its shares rise, as the company met expectations with a 4% rise in annual profits as the company painted a positive outlook for the winter and upcoming summer season ahead of its planned merger with parent group TUI AG. Budget airline Easyjet also flew high aft
Read moreTuesday tips round-up: Iron ore miners, Aberdeen Asset Management
2nd Dec 2014 09:27
Iron ore miners may be facing much the same dilemma as OPEC is, when trying to force high-cost producers out of the market. Although plummeting crude prices may force some smaller tight oil producers to stop producing for a time, the well infrastructure and technology, once developed, will remain. I
Read moreLondon midday: UK stocks on track for two-week low as factory data disappoints
1st Dec 2014 11:28
UK stocks dropped on Monday and were set to close at their lowest level in over two weeks as disappointing economic data and weaker oil prices pushed shares in the resource sectors lower. Aberdeen Asset Management was a standout riser after impressing with its annual results, but oil producers and m
Read moreLondon open: Resource stocks drag FTSE 100 to lowest in over two weeks
1st Dec 2014 08:33
The UK stock market started the new week on the back foot after yet more disappointing economic data from China dampened sentiment, with shares in the mining and oil sectors falling sharply. The official purchasing managers index (PMI) for China came in below expectations at an eight-month low, addi
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