Sector movers: Metal prices drive markets up
9th Oct 2015 15:48
(ShareCast News) - Industrial metals and mining stocks helped the London markets continue their rise on Friday, also boosted by Thursday's release of the Federal Reserve minutes. At 16:00 BST The FTSE 100 ended up at 6,429.83, down 0.86% or 55.01 points, while the FTSE 250 was 0.53% or 89.87 points
Read moreFTSE 100 movers: Glencore rises as zinc output cut; Investors happy with StanChart report
9th Oct 2015 13:44
(ShareCast News) - The FTSE 100 was up 63.88 points (1.00%) to 6,438.70 mid-afternoon Friday, rallying on the back of Thursday's release of the Federal Reserve minutes. Glencore again led the risers on the back its decision to cut 500,000 tonnes or around a third of its annual zinc production. The m
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 open: Stocks rise after BoE, ECB and Fed meeting minutes
9th Oct 2015 08:35
(ShareCast News) - London stocks were in positive territory on Friday as investors continued to analyse policy meeting minutes from the Bank of England, European Central Bank and the Federal Reserve. The BoE on Thursday voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn,
Read moreGlencore to cut annual zinc production by a third amid falling prices
9th Oct 2015 07:01
(ShareCast News) - Shares in commodities trader Glencore rallied on Friday 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. The company said the changes would reduce fourth quarter 2015 mine production by
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 moreQatar wealth fund said to be interested in Glencore's agricultural business
8th Oct 2015 11:40
(ShareCast News) - The sovereign wealth fund of Qatar has reportedly joined investors expressing an interest in buying a minority stake in Glencore's agricultural business, which deals in commodities such as wheat, cotton, soybeans and sugar. Bloomberg cited people familiar with the matter as saying
Read moreLondon midday: Stocks rise as BoE votes to keep interest rates unchanged
8th Oct 2015 11:07
(ShareCast News) - London stocks recovered slightly from losses earlier on Thursday as the Bank of England decided to keep interest rates unchanged. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as expected by analysts. Ian McCaf
Read moreLondon open: Stocks fall ahead of BoE, ECB and Federal Reserve meeting minutes
8th Oct 2015 08:31
(ShareCast News) - The FTSE fell on Thursday morning on uncertainty ahead of policy details from the central banks of the UK, US and Europe. The Bank of England will at 1200 BST release its latest policy decision with analysts expecting no change to interest rates or the asset purchase programme. An
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 moreGlencore outlines impact of possible credit downgrade
6th Oct 2015 15:59
(ShareCast News) - Glencore has released a summary of its financing arrangements, including a look at the impact if the company's credit rating gets downgraded. The mining company has had a turbulent week, after a negative broker note from Investec sent shares plummeting to new 52 week lows. Slowly
Read moreFTSE 100 movers: Shell in confident mood; SABMiller plunges as informal offer rejected
6th Oct 2015 13:39
(ShareCast News) - After a slow start, the FTSE 100 was up 22.23 points (0.35%) to 6,321.15 mid-afternoon Tuesday. Royal Dutch Shell climbed on the back of the company's chief executive speech at the Oil and Money conference in London. He told attendees that the oil company is doing everything it ca
Read moreTuesday newspaper round-up: Banks, Symphony, Brexit
6th Oct 2015 07:52
(ShareCast News) - Britain's biggest banks have lent more than $5bn to the world's most active commodity traders, raising fears that they could suffer big losses if the falling price of natural resources sparks a crisis at one of the companies. More than half of the leading banks' exposure to commod
Read moreCopper prices should rise as supply decreases- Glencore boss
5th Oct 2015 16:47
(ShareCast News) - The head of Glencore believes copper prices should rise as more companies cut back mine production, according to Bloomberg. Ivan Glasenberg's comments were made at the Africa Summit in London on Monday. He said copper inventories will decline and supplies will eventually tighten
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
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