FTSE 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 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 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 moreFTSE 100 movers: Glencore's reported Libya deal sends shares soaring
20th Nov 2015 14:18
(ShareCast News) - Despite a quiet day news-wise on the markets, the FTSE 100 was up marginally by mid-afternoon Friday to 6,345.49 - a 15.56 point rise (0.25%). Glencore surged on reports that it has agreed a deal to buy as much as half of the oil Libya currently exports as it looks to offset decli
Read moreFTSE 100 movers: Miners lead market on back of Chinese data
4th Nov 2015 14:11
(ShareCast News) - The FTSE 100 had a strong start to the day on Wednesday, up 48.94 points (0.77%) to 6,432.55 by mid-afternoon. Glencore was the biggest riser of the day after it reported "significant progress" on plans to cut net debt to the low $20bns by the end of 2016 and increased output from
Read moreLondon close: Stocks rally ahead of Fed's interest rate decision
28th Oct 2015 16:14
(ShareCast News) - The London stock market closed higher on Wednesday before the Federal Reserve's decision on interest rates. The FTSE ended up 72.53 points to 6,437.80. The Fed releases its policy decision at 1800 GMT and is expected to keep rates at 0.25% amid low inflation and concerns about th
Read moreFTSE 100 movers: Glaxo jumps on results; Meggitt tumbles after profit warning
28th Oct 2015 13:10
(ShareCast News) - London's FTSE 100 index was up 0.8% to 6,415.65 at 1400 GMT as investors awaited the Federal Reserve's policy announcement, which is due after the European close. Pharmaceuticals giant GlaxoSmithKline was the standout gainer after its third-quarter revenue and core earnings per sh
Read moreAntofagasta cuts production guidance again
28th Oct 2015 07:52
(ShareCast News) - Chilean copper producer Antofagasta has again cut its production target for this year as it reported fairly stable output for the third quarter compared with the second. Copper production was 157,000 tonnes, in line with the previous quarter despite lower grades and recoveries at
Read moreLondon close: Stocks drop as third quarter UK GDP slows more than forecast
27th Oct 2015 16:48
(ShareCast News) - London stocks finished on the back foot on Tuesday after a worse-than-forecast slowdown in third quarter UK economic growth. UK gross domestic product rose 0.5% in the third quarter compared to 0.7% in the second quarter, well below estimates for a 0.6% increase, the Office for Na
Read moreFTSE 100 movers: Miners mourning but no dry eyes at Shire
27th Oct 2015 14:02
(ShareCast News) - The FTSE 100 was dragged lower on Tuesday, as the resources-heavy index felt the weight of a further downward lurch in the oil price to new lows. Just after 1400 GMT the blue chip index was down 0.5% at 6,384.73, with miners dominating the main fallers. Miners Anglo American, Ant
Read moreLondon open: Stocks decline ahead of UK GDP
27th Oct 2015 08:35
(ShareCast News) - London stocks declined on Tuesday ahead of the release of UK gross domestic product data that is expected to show economic growth slowed in the third quarter. GDP, to be released at 0930 GMT, is forecast to ease to 0.6% in the third quarter from 0.7% in the second quarter. On a ye
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 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 moreLondon close: Stocks fall ahead of FOMC interest rate decision
17th Sep 2015 16:26
(ShareCast News) - London stocks dropped on Thursday as investors turned their attention to the Federal Reserve's announcement on interest rates due after the close. The market sees a less than 25% chance that the Fed will raise rates. The Federal Open Market Committee publishes its decision at 1900
Read moreFTSE 100 movers: Engineers hammered, IAG takes off
17th Sep 2015 14:05
(ShareCast News) - The FTSE 100 lost some ground as nerves and indecision showed ahead of the US Federal Reserve's mighty rate decision. London's benchmark index was 0.6% lower at 6,191.95 by 1450 BST on Thursday, with a phalanx of engineers and oil services groups leading the way down. Engineers S
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