FTSE 100 movers: Sports Direct falls as shareholder's concerns laid out
18th Jan 2016 14:06
(ShareCast News) - The FTSE 100 was in a slow decline by mid-afternoon Monday, down 27.76 points (0.48%) to 5,776.34. Sports Direct was the biggest faller after one of the retailer's major investors voiced its concerns about its relationship with Nike as well as its website offering. In comments pu
Read moreFTSE 100 movers: Oil prices sink blue chip market
15th Jan 2016 14:29
(ShareCast News) - The FTSE 250 is set to end the week on a sour note, with the blue chip market sitting down 119.49 points (2.02%) at 5,798.74 by mid-afternoon Friday. Falling oil prices affected most of the market's biggest fallers, as oil stayed below $30 a barrel. That hit the mining sector, esp
Read moreGlencore launches early refinancing of credit facility
14th Jan 2016 14:42
(ShareCast News) - Commodities colossus Glencore has begun to refinance a portion of its massive debt pile, agreeing new terms on a $8.45bn, one-year revolving credit facility, according to reports. The early refinancing of the credit facility was reported by the Financial Times, citing banking sour
Read moreFTSE 100 movers: China confidence boosts miners
13th Jan 2016 14:05
(ShareCast News) - The FTSE 100 was in the black again on Wednesday, up 73.00 points (1.23%) by mid-afternoon to 6,002.24. Miners led the way as confidence was restored somewhat in China, the world's largest commodities importer after data showed China's trade surplus rose more than expected. It wi
Read moreMiners might put in a better showing as the year progresses, Citi says
13th Jan 2016 09:07
(ShareCast News) - Shares of miners may perform better as the year progresses driven mainly by improvements in their balance sheets and cash flows, whereas markets appeared to be most worried at present with their spot earnings, Citi said on Wednesday. A regression analysis carried out by the analys
Read moreFTSE 100 movers: Miners and oil stocks drag down market over China woes
7th Jan 2016 13:56
(ShareCast News) - The FTSE 100 continued to fall on Thursday, down 156.34 points (2.57%) to 5,917.04 by mid-afternoon. Miners again dragged the market down amid growing concerns about China, one of the world's largest commodities consumers, after the country had its shortest trading day in history.
Read moreFTSE 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 reverse downward trend
5th Jan 2016 14:02
(ShareCast News) - The FTSE 100 had rebounded from Monday's losses by mid-afternoon Tuesday, with the blue chip index up 39.12 points (0.64%) to 6,132.55. Miners Glencore, Anglo American, Fresnillio and Rio Tinto reversed their losses from the start of the week and led the risers after news the UK c
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 moreBroker tips: Retail stocks, Tullow Oil, Glencore
21st Dec 2015 16:28
(ShareCast News) - RBC Capital Markets downgraded Marks & Spencer to 'outperform' from 'top pick' and Associated British Foods to 'underperform' from 'sector perform' but lifted Dixons Carphone to 'top pick' from outperform, as it took a look at the general retail sector. As far as Dixons is concern
Read moreFTSE 100 movers: Glencore leads market on buy recommendation
21st Dec 2015 13:51
(ShareCast News) - The FTSE 100 started the short week on a high with the index up 52.66 points (0.87%) to 6,105.08 by mid-afternoon Monday. It was also the first day that Worldpay, Provident Financial and DCC were trading on the blue chip market, replacing Morrisons, G4S and Meggitt. Glencore led
Read moreCiti reiterates 'buy' on shares of Glencore
21st Dec 2015 10:14
(ShareCast News) - Glencore will be able to deliver on the promises made during its latest Investors´ Day, analysts at Citi believed, with possible asset sales holding the greatest potential to move markets. The commodities trader said all of the measures announced then were steps in the right direc
Read moreBroker tips: Glencore, SuperGroup, Meggitt
15th Dec 2015 13:59
(ShareCast News) - Glencore got a boost after JPMorgan Cazenove upgraded it to 'overweight' from 'neutral' with an unchanged price target of 160p, as it pitched the stock against rival Anglo American. It pointed out that Glencore and Anglo American provided strategy updates last week. "In our view,
Read moreGlencore rallies as JPMorgan hails new strategy
15th Dec 2015 10:58
(ShareCast News) - Glencore got a boost after JPMorgan Cazenove upgraded it to 'overweight' from 'neutral' with an unchanged price target of 160p, as it pitched the stock against rival Anglo American. It pointed out that Glencore and Anglo American provided strategy updates last week. "In our view,
Read moreFTSE 100 movers: Old Mutual claws back last week's losses
14th Dec 2015 13:58
(ShareCast News) - The FTSE 100 has started the week on a rollercoaster, shifting between positive and negative territory throughout the day. The market was back in the green by mid-afternoon Monday, up 7.63 points (0.13%) Old Mutual rebounded after last week's losses due to political issues in Sou
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