London 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 moreLondon close: Stocks end higher after China rate cuts, positive PMIs
23rd Oct 2015 16:19
(ShareCast News) - The FTSE ended the week on a high note after China's central bank cut key rates and as better-than-expected manufacturing reports in the Eurozone and the US boosted investor confidence. The People's Bank of China said it will cut its one-year deposit rate and one-year lending rate
Read moreFTSE 100 movers: China boosts market led by miners
23rd Oct 2015 14:10
(ShareCast News) - The FTSE 100 looked to finish the week on a high, up 80.59 points (1.26%) to 6,456.87 by mid-afternoon Friday and hitting its highest point in over two months. Miners Glencore led the risers, with Fresnillo also featuring in the top 10. It came as the People's Bank of China annou
Read moreSunday share tips: Oxford Instruments, FTSE 100 miners, Redcentric
18th Oct 2015 14:21
(ShareCast News) - Oxford Instruments shares should be sold, said the Sunday Times' Inside the City column. The high-tech device maker spun out of Oxford University in 1959 needs to operate right on the bleeding edge of technology, and often depends on acquisitions to stay relevant - but not even th
Read moreCiti sees upside to Glencore equity
15th Oct 2015 15:16
(ShareCast News) - Glencore has a bit of a communications problem but its financial metrics are in many aspects similar, if not better, than those of its peers and some worries have been overstated, analysts at Citi said. In their view, one of the main reasons for the volatility in the share price w
Read moreLondon midday: Equities fall as UK slips into deflation
13th Oct 2015 11:28
(ShareCast News) - The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September. The Office for National Statistics revealed the consumer price index fell 0.1% year-on-year last month, compared to analysts' estimates for a flat reading in line with August.
Read moreLondon open: Stocks slide as Chinese imports and exports contract
13th Oct 2015 08:33
(ShareCast News) - London's FTSE 100 index declined early on Tuesday after Chinese trade data showed a fall in exports and imports in September, adding to worries about the country's flagging economy. Chinese exports decreased 3.7% in September from a year earlier in US dollar terms following a 5.5%
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 open: Stocks drop as US trading closed for holiday
12th Oct 2015 08:36
(ShareCast News) - UK stocks dropped on Monday which will prove a quiet day for traders with US closed for a holiday and no major economic data releases. The FTSE opened down 25 points as gains in oil and mining stocks were offset by declines in banking and pharmaceuticals, led by Astrazeneca. The d
Read moreLondon pre-open: Investors keeping tabs on Fed, corporate earnings
12th Oct 2015 07:30
(ShareCast News) - Stocks are set for a slightly lower start as investors prepare themselves for the beginning of the US earnings season and ahead of speeches from several US rate-setters scheduled for later in the day. The top flight index is being called to start the session 18 points lower from F
Read moreGlencore begins process to sell copper mines
12th Oct 2015 07:03
(ShareCast News) - Glencore has begun the process to sell two of its copper mines in Australia and Chile. The FTSE 100 mining company announced on Monday it is planning to sell Cobar copper mine and Lomas Bayas copper mine. The announcement comes after it received a number of unsolicited expression
Read moreMonday newspaper round-up: Glencore, HSBC, Private sector wages
12th Oct 2015 06:48
(ShareCast News) - Glencore is preparing to unveil asset sales in Australia and Chile, prompting a halt in trading of its Hong Kong listed shares on Monday morning. The embattled miner, which has seen its shares whipsaw amid the slump in commodities and China slowdown, told the Hong Kong Exchange it
Read moreLondon close: Mining and metal stocks help end week on a high
9th Oct 2015 16:30
(ShareCast News) - 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 is a major move by the company showing leadership in cutting output to help support commodity pr
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