FTSE 100 movers: Hikma nudges up on Goldman upgrade, miners slide
4th Sep 2015 12:06
(ShareCast News) - London's top-flight index was down 2.2% to 6,059.90 at 1515 BST, extending earlier losses following a weaker-than-expected US nonfarm payrolls report. Hikma Pharmaceuticals nudged a little higher after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price t
Read moreS&P cuts outlook on Glencore´s long-term debt on China woes
3rd Sep 2015 13:08
(ShareCast News) - Lower metals prices have hit miners´ financials and may continue to hinder their ability to generate cash, the leading international debt ratings agency said, which may lead to higher financing costs for them. More specifcally, a measure of diversified mining giant Glencore´s abil
Read moreFTSE 100 movers: easyJet flies higher on profit guidance, Weir slips on demotion
3rd Sep 2015 12:40
(ShareCast News) - London's FTSE 100 was on the front foot Thursday, taking its cue from strength on Wall Street as the closure of Chinese markets provided investors with some much-needed respite. At 1305 BST, the top-flight index was up 1.4% at 6,165.81. Budget airline EasyJet flew higher after lif
Read moreFTSE 100 movers: Ashtead jumps on strong interims; Glencore, BP in the red
2nd Sep 2015 13:16
(ShareCast News) - London's FTSE 100 was up 1% to 6,116 at 1423 BST in a choppy session as stocks rebounded from weakness on Tuesday. Industrial equipment rental firm Ashtead was the standout gainer after it posted better-than-expected first quarter pre-tax profits of £155m, up 23%, driven by solid
Read moreLondon midday: Investors remain on sidelines ahead of US data
28th Aug 2015 11:34
(ShareCast News) - Investors stayed on the sidelines ahead of the release of a fresh batch of economic data Stateside in the afternoon, despite optimistic calls from many strategists. As of 1143 BST the Footsie was 2.95 points lower to 6,198.93 and Germany´s Dax-30 off by 0.65% to 10,248.60. Overnig
Read moreCiti cuts forecasts for aluminium and copper, but positive on miners
26th Aug 2015 09:23
(ShareCast News) - The longer-term outlook for miners continues to be highly uncertain but simply attaining "macro stability" should see the sector re-rate upwards, analysts from one of the world´s largest brokers said. Indeed, on Wednesday analysts at Citi cut their price forecasts for most base an
Read moreFTSE 100 movers: Randgold makes late bounce, as constituents all in red
24th Aug 2015 15:27
(ShareCast News) - Every one of the FTSE 100 shares were in the red on Monday, as stock markets all belly flopped the world over, sparked by a dismal finish last week and a bad start from China on Monday morning. After falling more than 5% at one stage, the FTSE pared losses latter in the London
Read moreFTSE 250 movers: N Brown bounces back, Poundland dragged ahead of CMA decision
24th Aug 2015 15:11
(ShareCast News) - The FTSE 250 showed a few green islands of buoyant investor sentiment, compared to the red sea of the FTSE, though the index was well in negative territory on Monday like all its counterparts around the globe. By 1600, London's the mid-cap index was down 3.44% at 16,295.98 points.
Read moreThursday tips round-up: Admiral, Glencore
20th Aug 2015 10:57
(ShareCast News) - Admiral surprised the market on Wednesday by beating profit expectations and improving customer numbers, the Financial Times' Lex wrote. The insurer has a low cost base, the Lex wrote, which works its favour in a highly competitive market. Lex said the insurer's limited near-term
Read moreFTSE 100 movers: Glencore drags blue chips lower
19th Aug 2015 14:38
(ShareCast News) - Following the downbeat overnight sessions elsewhere, the FTSE 100 shot lower in early trade and by the afternoon had failed to crawl higher. By 1545, the blue chip index was down 1.35% at 6,438.07 points, with only a dozen companies' shares in positive territory. Leading the fall
Read moreLondon pre-open: equities expected to follow US and Asia lower
19th Aug 2015 07:17
(ShareCast News) - City sources predict Wednesday's session will see the FTSE 100 open 13 points lower than Tuesday's close of 6,526.29. European equities are set to slip, tracking negative overnight cues from the US and Asia, London Capital Group night dealer Jonathan Sudaria said. "There had been
Read moreGlencore posts 29% drop in first-half earnings, cuts trading arm profit guidance
19th Aug 2015 07:10
(ShareCast News) - Shares in Glencore slumped after the miner cut its capex target for the full year and said earnings at its trading division would be lower than previously guided, as it posted a 29% drop in core first-half earnings on the back of declining commodity prices. For the six months ende
Read moreFTSE 100 movers: Mining stocks continue to suffer
17th Aug 2015 13:40
(ShareCast News) - The FTSE 100 was down 0.47% to 6,520 points as depressed metals and oil prices continued to hammer mining stocks. BHP Billiton shares were down 1.39%, while Glencore stock was 1% lower after the Daily Telegraph reported that activist investor Harris Associates has built a £250m po
Read moreLondon midday: Oil and commodity producers push UK stocks lower
17th Aug 2015 11:27
(ShareCast News) - UK stocks dropped as a measure of oil and commodity producers declined. BP and Royal Dutch Shell were in the red as oil prices fell towards six-year lows on Monday after data showed Japan's economy contracted and US producers added drilling rigs despite a recent slump in the indus
Read moreLondon close: FTSE 100 ends lower after busy day of economic news
14th Aug 2015 16:14
(ShareCast News) - The FTSE 100 ended the week in negative territory as investors sifted through a batch of economic data and weighed developments in China and Greece. Early in Friday's session, a report showed UK construction output rose 2.6% year-on-year in June, missing analysts' estimates for a
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