London close: Stocks buoyed by Glencore and Sainsbury's
30th Sep 2015 16:14
(ShareCast News) - The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore. Glencore dominated the FTSE 100 after saying it has taken proactive steps to position the mining company to withstand current market conditions incl
Read moreFTSE 100 movers: Sainsbury leads the pack; Glencore and Wolseley rebound
30th Sep 2015 13:48
(ShareCast News) - After a poor start to the week, the FTSE 100 rebounded to 6,031.13 mid-afternoon Wednesday, up 121.89 (2.06%) J Sainsbury led the pack after posting a positive second quarter trading statement. The supermarket giant said it expects full-year underlying pre-tax profits to be modera
Read moreLondon midday: Stocks gain despite downward revision of UK GDP
30th Sep 2015 11:09
(ShareCast News) - London stocks gained as investors shrugged off a downward revision to second quarter UK gross domestic product and a report showing the Eurozone entered deflation in September. UK GDP was unexpectedly revised lower to 2.4% year-on-year from the previous estimate of 2.6%, according
Read moreGlencore rallies as it reassures over debt situation
30th Sep 2015 07:20
(ShareCast News) - Glencore rallied after it said it has taken proactive steps to position the company to withstand current commodity market conditions. "Our business remains operationally and financially robust - we have positive cash flow, good liquidity and absolutely no solvency issues," it said
Read moreFTSE 100 movers: Glencore rebounds; Wolseley sinks lower
29th Sep 2015 14:30
(ShareCast News) - The FTSE 100 was down 40.21 points (0.67%) mid-afternoon to 5,918.65. After a dismal day on Monday, Glencore led the market risers after Citigroup and Bernstein both said the market had exaggerated concerns about the company's financial health. It's a big turnaround, after shares
Read moreBroker tips: Glencore, HSBC, Barclays, Aldermore
29th Sep 2015 14:29
(ShareCast News) - Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company's equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday. Citi, which rates the stock at 'buy', said the
Read moreGlencore retains strong lines of credit, company says
29th Sep 2015 14:05
(ShareCast News) - Glencore remains "operationally and financially robust" and continues to retain strong lines of credit and secure access to funding. The miner continues to be confident of its commodities' medium and long-term fundamentals, the company said according to Reuters. On Tuesday, analy
Read moreLondon midday: China concerns weigh on sentiment to push stocks lower
29th Sep 2015 11:07
(ShareCast News) - London stocks slid on Tuesday following declines in Asia as growing concerns on China's economic slowdown weighed on investor confidence. A report on Monday showing an 8.8% fall in Chinese industrial profits, added to woes about the nation's slowdown. The market is now awaiting th
Read moreTuesday newspaper share tips: What to do with Glencore; Time to capitalise on Vodafone's drop
29th Sep 2015 10:26
(ShareCast News) - On Monday, Glencore shares tumbled after Investec warned the stock holds little value for shareholders. On Tuesday, we saw shares rise in the morning after Citigroup and Bernstein came out in defence of the mining company. So what to do with it? The Telegraphs's Questor is posing
Read moreCitigroup and Bernstein still see value in Glencore
29th Sep 2015 07:36
(ShareCast News) - Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company's equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday. Citigroup and Bernstein both said the market h
Read moreBroker tips: Glencore, BAE Systems, Speedy Hire
28th Sep 2015 16:55
(ShareCast News) - Glencore shares tumbled on Monday on the back of a fairly downbeat assessment from Investec, which warned the stock holds little value for shareholders. "The challenging environment for mining companies leads us to the question of how much value will be left for equity holders if
Read moreFTSE 100 Movers: SABMiller rises on offer speculation; Glencore hammered
28th Sep 2015 13:35
(ShareCast News) - The FTSE 100 was trading 96.88 points or 1.59% lower at 6,012.13 by mid-afternoon on Monday. SABMiller fought the trend and rose on the back of news on Sunday that an offer for the brewing giant could be tabled by AB InBev much sooner than originally anticipated. The Sunday Times
Read moreHorizonte Minerals buys Glencore's Brazil nickel project for $8m
28th Sep 2015 10:31
(ShareCast News) - Horizonte Minerals has reached an agreement to acquire Glencore's Araguaia nickel project in north central Brazil for $8m (£5.2m). Horizonte said the combination of Glencore's nickel project with its own high-grade nickel project in Araguaia will create one of the world's largest
Read moreGlencore tumbles as Investec warns it holds little value for shareholders
28th Sep 2015 09:43
(ShareCast News) - Glencore shares tumbled on Monday on the back of a fairly downbeat assessment from Investec, which warned the stock holds little value for shareholders. "The challenging environment for mining companies leads us to the question of how much value will be left for equity holders if
Read moreLondon close: Stocks increase as US GDP revised higher, Yellen signals rate hike
25th Sep 2015 17:09
(ShareCast News) - London stocks finished Friday's session in positive territory after figures US gross domestic product for the second quarter was unexpectedly revised higher, adding to the case for an interest rate hike later this year. The third and final estimate of second quarter US GDP was rev
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