FTSE 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
Read morePowerful earthquake shakes Chilean capital, copper prices firm
17th Sep 2015 06:01
(ShareCast News) - Authorities in New Zealand and Hawaii were on alert for a possible tsunami after a powerful tremor shook Chile's capital on Wednesday evening, at 10:54BST. The epicentre of the earthquake, which measured 8.3 on the Richter scale according to the US Geological Survey, was locate
Read moreFTSE 100 movers: Glencore and Antofagasta lead blue chips higher
7th Sep 2015 15:20
(ShareCast News) - The FTSE 100 began the week on the front foot, lifted by commodities giants Glencore and Antofagasta. With less than an hour before the London session's close, the blue chip index was up 0.48% at 6,071.64 points. Glencore was surging on the back of its new plan to pare back its $
Read moreLondon close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
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