FTSE 100 movers: HSBC lower on tax scandal fines, LSE boosted by higher price target
23rd Feb 2015 14:59
HSBC was among the fallers after reporting a 17% drop in pre-tax annual profit to $18.68bn, as the lender was hit by fines for its involvement in the foreign exchange rigging scandal. Chief executive Stuart Gulliver said 2014 was a "challenging year in which we continued to work hard to improve busi
Read moreLondon open: Weak HSBC results keep FTSE flat early on
23rd Feb 2015 08:54
After briefly testing an all-time high on the back of Greece's bailout extension, the FTSE 100 quickly reversed into the red on Monday morning on the back of disappointing results from banking heavyweight HSBC. HSBC's shares were down as much as 5% early on after the global lender reported a drop in
Read moreAntofagasta trims cost guidance for 2015 on lower peso and oil prices
23rd Feb 2015 07:45
Chilean copper miner Antofagasta has guided to lower-than-expected cash costs in 2015. The company said on Monday that following an internal review, cash costs for this year will be lower than previously guided due to certain input costs becoming more "favourable", such as a weaker Chilean peso and
Read moreLondon midday: Stocks fall, but losses pared after PBoC move
4th Feb 2015 12:08
Stocks declined on Wednesday as London's FTSE 100 retreated from a five-month high, though losses were trimmed slightly after China took measures to stimulate its economy. The People's Bank of China trimmed the banks' reserve requirement ratio by 50 basis points to 19.5%, the first such cut since Ma
Read moreLondon midday: Rising commodity prices boost resource stocks, BP gains
3rd Feb 2015 12:25
Better-than-expected UK data and positive developments in Greece resulted in a surge on London's stock market on Tuesday, with resource stocks leading the rise. The FTSE 100 was up 1.2% at 6,861 by midday, helped by big gains from oil and mining stocks as commodity prices strengthened. BP was also l
Read moreFTSE 100 movers: Experian boosted by new growth strategy, Anglo disappoints with 2015 guidance
28th Jan 2015 13:35
Credit-checking firm Experian was a high riser after unveiling an unexpected $600m share buyback and outlining plans to "deliver annual average growth in organic revenue in the mid-single digit range". The company also said it has the potential for "strong growth" in earnings per share. Copper miner
Read moreAntofagasta expects weaker output increase in 2015
28th Jan 2015 09:53
Mining group Antofagasta reported its annual output for 2014 was in line with its guidance but added it expected a smaller-than-expected increase in production this year. The Chile-based miner said it expects copper production for 2015 to be marginally below analysts' forecasts at 710,000 tonnes, at
Read moreLondon midday: Stocks extend post-ECB rally as UK retail data beats forecasts
23rd Jan 2015 11:29
UK stocks were up on Friday morning after data showed an unexpected rise in retail sales, though gains were modest with markets already trading at a four-month high following a €1.1trn stimulus plan in Europe. London's FTSE 100 was up 0.2% at 6,812 by midday, after finishing the previous session at
Read moreLondon open: Stocks extend rally post ECB, but mining shares fall
23rd Jan 2015 09:14
UK stocks were extending gains on Friday morning despite weakness in the mining sector, as sentiment continued to be boosted by the announcement of a €1.1trn stimulus package in the Eurozone. The FTSE 100 was up 0.5% at 6,832 early on after finishing the previous session at 6,796.60, its best finish
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: Retailers provide a lift as inflation data boosts economic hopes
13th Jan 2015 16:48
UK stocks put in decent gains on Tuesday as a sharper-than-expected slowdown in inflation boosted hopes for consumer spending and pushed back projections for the first rate raise. A strong start to corporate earnings season in the States and increased hopes for further stimulus by the European Centr
Read moreFTSE 100 movers: Morrison boosted after axing CEO as grocers dominate risers
13th Jan 2015 13:46
The share price of supermarket group Wm Morrison jumped 5% on Tuesday following the news that chief executive Dalton Philips has been axed after the company delivered the worst Christmas performance of the Big Four. Like-for-like (LFL) sales excluding fuel fell 3.1% in the six weeks to 4 January.
Read moreLondon midday: Retailers rise, housebuilders boosted as UK inflation rate drops
13th Jan 2015 12:08
A sharp drop in the UK inflation rate and well-received updates from a number of Britain's retailers gave London stocks a boost on Tuesday. The FTSE 100 was trading up 0.6% at 6,539 just after midday with retailers and housebuilders offsetting ongoing weakness in the resources sector. Markets were
Read moreFTSE 100 movers: Energy stocks hit by drop in crude, Lloyds boosted by upgrade
2nd Jan 2015 14:22
Sainsbury was trading lower as hedge funds forecast that the supermarket group would be damaged by the grocery industry's escalating price war. Lansdowne Partners, Odey Asset Management and Marshall Wace all blamed the growing popularity of discounters Aldi and Lidl, who would hit profitability by f
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 more