London open: Stocks climb ahead of UK jobs data
16th Sep 2015 08:30
(ShareCast News) - London stocks climbed on Wednesday before the release of the UK labour market report and the Bank of England's testimony before the Treasury Select Committee. The UK jobs report at 0930 BST is expected to show the employment change for the three months to July grew by 18,000 jobs,
Read moreGlencore raises 1.6bn GBP in new share issue
16th Sep 2015 07:30
(ShareCast News) - Glencore has raised £1.6bn by placing new shares with institutions and senior management at a small discount in order to pay off some of its debts. The commodities conglomerate issued 1,307bn shares at a price of 125p, a discount to the closing price on Tuesday of 128.05p. The is
Read moreLondon pre-open: Stocks seen higher as focus shifts firmly to the Fed
16th Sep 2015 07:25
(ShareCast News) - London stocks were expected to open higher on Wednesday, continuing on from the rally in the previous session as investors look to the start of the Federal Reserve's two-day policy meeting. The FTSE 100 was being called up 20 points at 6158. "If you ask any trader why markets ral
Read moreFTSE 100 movers: Weir bounces on Blackrock buying, Kingfisher knocked off perch
15th Sep 2015 15:19
(ShareCast News) - The FTSE 100 eventually reversed its early losses and most of those from the previous day by a diverse array of companies, with the index up 0.7% to 6,129.2 around an hour before the session's close. Weir was lifted to the top of the leader board apparently due to Blackrock callin
Read moreFTSE 100 movers: Morrison and Marks lead retail rout
14th Sep 2015 16:15
(ShareCast News) - Despite some early gains, the FTSE 100 index closed in the red on Monday, finishing down 0.54% at 6,084.59. The index was led lower by Wm Morrison Supermarkets as its shares were sold down after HSBC slashed its forecasts for 2016-2018 by 20-30% apiece and maintained a 'reduce' ra
Read moreGlencore confirms 18-month production suspension at Katanga
14th Sep 2015 10:51
(ShareCast News) - Mining giant Glencore said the company operating the Katanga mining project in the Democratic Republic of Congo will suspend production at the site for 18 months. Katanga Mining confirmed the suspension, adding it will continue to carry out the $880m investment into processing pla
Read moreGlencore's credit ratings outlook changed to 'negative' by Moody's
11th Sep 2015 13:50
(ShareCast News) - Moody's has affirmed Glencore's Baa2/P-2 credit rating, but changed the outlook to 'negative' from 'stable. Earlier this week, Glencore announced a $10.2bn debt reduction initiative due for execution by the end of 2016. Notwithstanding the natural resources company's broad capabil
Read moreFTSE 100 movers: Barratt up, Morrisons slumps on disappointing results
10th Sep 2015 14:41
(ShareCast News) - London's top-flight index fell on Thursday and by 1439 BST, was down 1.2% to 6,156 as worries about a slowdown in China and concerns that the Federal Reserve might hike rates in September weighed on sentiment. Housebuilder Barratt Developments was a higher riser for the second day
Read moreFTSE 100 movers: Miners and financials drive third successive uptick
9th Sep 2015 14:55
(ShareCast News) - The FTSE 100 index was higher for the third day of the week, led by miners and financials stocks. Diversified miner Anglo American was the leader of the pack with an hour to go on Wednesday as it confirmed the sale of loss-making Rustenberg mining and concentrating operations to S
Read moreBroker tips: Glencore, Amlin, United Utilities
8th Sep 2015 16:00
(ShareCast News) - JPMorgan Cazenove upgraded Glencore to 'neutral' from 'underweight' and lifted its price target to 150p from 130p. It said the miner's debt-reduction measures announced on Monday broadly address concerns over the sustainability of the investment grade credit rating. The bank now
Read moreJPMorgan ups Glencore rating after debt-reduction plan
8th Sep 2015 11:17
(ShareCast News) - JPMorgan Cazenove upgraded Glencore to 'neutral' from 'underweight' and lifted its price target to 150p from 130p. It said the miner's debt-reduction measures announced on Monday broadly address concerns over the sustainability of the investment grade credit rating. The bank now
Read moreFTSE 100 movers: Glencore and Antofagasta lead blue chips higher
7th Sep 2015 15:20
(ShareCast News) - The FTSE 100 began the week on the front foot, lifted by commodities giants Glencore and Antofagasta. With less than an hour before the London session's close, the blue chip index was up 0.48% at 6,071.64 points. Glencore was surging on the back of its new plan to pare back its $
Read moreBofAML upgrades Glencore on debt-reduction plans
7th Sep 2015 07:57
(ShareCast News) - Bank of America Merrill Lynch upgraded Glencore to 'neutral' from 'underperform' and lifted the price target to 160p from 150p following the company's announcement on Monday of its debt reduction plan. "Unlike other management teams in the sector, Glencore's has acknowledged its d
Read moreGlencore surges after announcing plan to cut $30bn debt
7th Sep 2015 07:23
(ShareCast News) - Miner Glencore surged after it announced plans for an equity capital raising and a series of debt reduction measures as it looks to cut its $30bn debt pile. The company said it intends to issue up to $2.5bn in new shares, cut its dividend, sell some assets and dispose of its stake
Read moreLondon close: Equities drop after worse-than-forecast non-farms
4th Sep 2015 16:11
(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts. American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed. The figure was the smalle
Read more