London midday: Shares fall as BoE's McCafferty calls for rate hike
20th Oct 2015 11:18
(ShareCast News) - London stocks snapped an earlier climb on Tuesday after the Bank of England's well-known hawk Ian McCafferty again called for an interest rate hike. McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, s
Read moreFTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump
14th Oct 2015 14:09
(ShareCast News) - London's FTSE 100 index was down 0.7% to 6,296.01 as worries about a slowdown in the world's second-largest economy continued to undermine sentiment, following the release of disappointing Chinese inflation figures. Shares in luxury fashion retailer Burberry declined for the secon
Read moreFresnillo production on track for upper guidance as silver prices strengthen
14th Oct 2015 09:59
(ShareCast News) - A production update from Fresnillo showed the precious metals miner remains on course to hit its full-year guidance, with third-quarter silver production dwindling to 11.04m oz but almost flat on the previous year and slightly lower than the preceding quarter. The Mexico-based gro
Read moreLondon midday: Stocks slide on quiet day of news and economic data
12th Oct 2015 11:12
(ShareCast News) - London stocks were in the red amid a lack of drivers on a quiet day for news and economic data releases. A rally in Chinese stocks failed to boost the UK market, as the China Securities Journal reported that the deputy governor of the People's Bank of China said the country's s
Read moreLondon midday: Rally in mining stocks boost equities
9th Oct 2015 11:13
(ShareCast News) - The FTSE advanced on Friday at midday, driven by a rally in mining stocks as metal prices rose. Glencore led mining shares higher as investors welcomed its decision to cut 500,000 tonnes or around a third of its annual zinc production as it looks to combat declining prices. "This
Read moreLondon close: Stocks rise after BoE and ECB meeting minutes
8th Oct 2015 16:22
(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e
Read moreSector movers: Metal stocks drive markets up
8th Oct 2015 15:19
(ShareCast News) - Industrial metals helped to prop up London markets again on Thursday, after Jefferies commented optimistically on the metals and mining industry. Towards the end of trading, the FTSE 100 was up 0.45% or 28.44 points higher at 6,364.79, while the FTSE 250 dropped 0.35% or 58.87 poi
Read moreHSBC ups target on Fresnillo following site visit
8th Oct 2015 15:16
(ShareCast News) - Fresnillo has excellent assets and the medium-term outlook for free cash flow generation is strong, according to analysts. After visiting the Mexican producer's operations, HSBC's Patrick Chidley and Botir Sharipov said the company "distinguishes itself from other metals and minin
Read moreFTSE 100 movers: Tesco moves back up the chain
8th Oct 2015 13:28
(ShareCast News) - After a slow start to the morning, the FTSE 100 was up 16.74 points (0.26%) to 6,353.09 by mid-afternoon. Despite Wednesday's announcement that underlying profits are down 55% for the first half of the year, Tesco is leading the risers for the day. UBS on Thursday morning issued a
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 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 moreLondon close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
2nd Oct 2015 16:10
(ShareCast News) - UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike. Non-farm payrolls rose 142,000 in September, falling well short of analysts' estimates for a 201,000 increase, the Labor Department revealed. Augu
Read moreFTSE 100 movers: Glencore down on fund criticism; Randgold shines on higher prices
18th Sep 2015 14:14
(ShareCast News) - The FTSE 100 moved into the red as investors in heavweight shares took no comfort from the US Fed decision not to raise interest rates on Thursday. As the week wound down, the index of 100 leading shares was 115 points, or 1.87% lower at 6069. Glencore shares led the fallers, plun
Read moreLondon midday: Stocks decline as investors digest FOMC's rate decision
18th Sep 2015 11:15
(ShareCast News) - UK stocks declined on Friday as the Federal Reserve decided to hold interest rates steady amid low inflation and global pressures. The Federal Open Market Committee announced it would keep rates at 0.25% overnight. The move came as concerns over China's economic slowdown has weigh
Read moreLondon open: Stocks open in the red after Fed keeps rates unchanged
18th Sep 2015 08:32
(ShareCast News) - UK stocks opened in negative territory on Friday as the market continued to process the Federal Reserve's decision to keep interest rates unchanged. The Federal Open Market Committee announced it would hold rates at 0.25% amid low inflation and the recent global market turbulence.
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