Tuesday preview: UK GDP, US durable goods orders, BP's third quarter
26th Oct 2015 12:28
(ShareCast News) - UK gross domestic product data on Tuesday is expected to show economic growth slowed in the third quarter compared to the previous three months. Analysts estimate GDP eased to 0.6% in the third quarter from 0.7% in the second quarter. However, on a year-on-year comparison, growth
Read moreFTSE 100 movers: Shire's schadenfreude as FDA holds up AstraZeneca
16th Oct 2015 14:03
(ShareCast News) - The FTSE 100 was up 28.77 points (0.45%) mid-afternoon Friday to 6,367.44 as hopes of further stimulus measures by the European Central Bank increase on the back of continued low Eurozone inflation figures. Shire PLC led the risers on the back of news from AstraZeneca that the US
Read moreLondon close: Stocks end higher as miners and oil producers rally
6th Oct 2015 16:05
(ShareCast News) - The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied. Oil producers Royal Dutch Shell, BP and BG Group were among the top risers as Brent crude and West Texas Immediate jumped 4% to $51.34 per barrel
Read moreBP settlement finalised over 2010 Gulf oil spill
5th Oct 2015 16:20
(ShareCast News) - A $20.8bn settlement has been finalised by the US Department of Justice and five states over the 2010 Deepwater Horizon oil spill, Associated Press reported on Monday. The deal ends five years of legal wrangling over the incident and resolves all civil claims. AP reported it fina
Read moreLondon close: Stocks end higher despite negative services data
5th Oct 2015 16:03
(ShareCast News) - UK stocks gained as the market proved resilient against a batch of negative services data on hopes the Federal Reserve will keep interest rates unchanged for longer. The Markit/CIPS UK services purchasing managers' index fell to 53.3 in September from 55.6 in August, compared to a
Read moreFTSE 100 movers: Glencore leads the way again
5th Oct 2015 14:36
(ShareCast News) - The FTSE 100 was unaffected by England's Rugby World Cup loss despite analyst predictions last week, with it sitting at 6,282.02 mid-afternoon on Monday, rising 152.04 points (2.48%). Glencore led the risers again and crossed the 100p threshold after a disastrous week. It followed
Read moreLondon close: Stocks finish up after slate of factory PMIs
1st Oct 2015 16:23
(ShareCast News) - The FTSE ended on a positive note but off its best levels of the day as investors sifted through a batch of manufacturing data in the UK, China and the US. The top flight index edged higher by 10.86 points to finish the session at 6,072.47. Markit's purchasing managers' index on
Read moreLondon midday: Stocks climb as UK, China PMIs beat forecasts
1st Oct 2015 11:14
(ShareCast News) - London stocks climbed on Thursday after better-than-forecast UK and Chinese manufacturing data. Markit's purchasing managers' index on UK manufacturing fell to 51.5 in September from a revised reading of 51.6 in August, although it beat analysts' estimates of 51.3 and was above th
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreSector movers: Oil stocks lead falls
18th Sep 2015 16:28
(ShareCast News) - Oil stocks led to the downside on Friday after the US Federal Reserve's rate decision on the previous day fanned global growth fears. Traders reacted poorly to Fed chair Janet Yellen's admittedly difficult to deliver message regarding growth concerns for overseas markets, on the o
Read moreFootsie drops sharply, traders point to 'fat finger' error
18th Sep 2015 13:01
(ShareCast News) - Losses on London's top-flight index were being ascribed by some media outfits to a 'fat finger' error or an error in an automated trading system. Shares in BHP Billiton, BP, BT Group, Diageo, HSBC, Wolseley, Vodafone and British American Tobacco were among the affected stocks. Th
Read moreBroker tips: BP, BG Group, Experian, European banks
15th Sep 2015 17:02
(ShareCast News) - The risk/reward trade-off in 'big oil' has improved despite the unsustainably low price of oil, analysts at Liberum said on Friday. Indeed, unless M&A opportunities appear or the intensity of investments falls fast, then the best thing these companies can do is to return the bulk
Read moreLiberum upgrades BG and BP to buy, convinced Shell bid will succeed
15th Sep 2015 15:26
(ShareCast News) - The risk/reward trade-off in 'big oil' has improved despite the unsustainably low price of oil, analysts at Liberum said on Friday. Indeed, unless M&A opportunities appear or the intensity of investments falls fast, then the best thing these companies can do is to return the bulk
Read moreFTSE 100 movers: Weir bounces on Blackrock buying, Kingfisher knocked off perch
15th Sep 2015 15:19
(ShareCast News) - The FTSE 100 eventually reversed its early losses and most of those from the previous day by a diverse array of companies, with the index up 0.7% to 6,129.2 around an hour before the session's close. Weir was lifted to the top of the leader board apparently due to Blackrock callin
Read moreGoldman Sachs cuts oil forecasts; upgrades Total and BP
11th Sep 2015 07:29
(ShareCast News) - Goldman Sachs cut its 2016 Brent oil price forecast to $49.5 a barrel from $62 and warned there is a risk prices could fall to as low as $20, noting that OPEC production has surprised sharply on the upside and Iran has the potential to ramp up in 2016. The bank said the market wil
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