London midday: Stocks trim gains ahead of early finish on NYE
31st Dec 2014 11:25
UK stocks had pared gains by midday but were still trading marginally in positive territory heading into the close on a shortened New Year's Eve session. The FTSE 100 was up 0.05% at 6,551 by noon on the last trading day of the year, but looks set to finish December down 2.6% - its worst December in
Read moreGlencore director takes advantage of company buybacks, sells shares
29th Dec 2014 15:17
William Macaulay, independent non-executive director at Glencore, sold 801,251 shares in the company at an individual price of 300.33p. Macaulay, who joined the trading and mining outfit in 2011, pocketed £2.4m in the transaction and was left holding a total of 128,185,371 shares in the group. The
Read moreSunday newspaper round-up: Tesco, Oil explorers, Sainsbury´s
28th Dec 2014 17:17
Tesco is testing a discount format in its One Stop chain, indicating the group could be considering new ways to combat Aldi and Lidl, the Sunday Times said. Three One Stop branches have been trading as discounters with low prices and limited ranges for the past seven weeks. The trial is the idea of
Read moreLondon open: Stocks edge higher on ahead of Christmas, Smith & Nephew jumps
24th Dec 2014 08:26
UK stocks posted their seventh straight day of gains on Wednesday, though upside was modest with markets winding down on a shortened Christmas Eve session. London's FTSE 100 was up 0.1% at 6,608 early on, having finished Tuesday at a two-week closing high of 6,598.18. With very few catalysts expect
Read moreGlencore to continue with share buyback in 2015
24th Dec 2014 07:46
Glencore revealed that it would go ahead with its share buyback in 2015, with up to £120m repurchased by 24 March at the latest. The company had been mulling over whether to continue with the buyback earlier in the month, having launched the £600m programme in August. "Glencore Plc has entered int
Read moreLondon pre-open: Little change expected on shortened Christmas Eve session
24th Dec 2014 07:43
Wednesday is set to be a quiet session on the stock market in London with traders knocking off early on Christmas Eve ahead of a four-day break. City sources predict the FTSE 100 will open more or less flat on Tuesday's close of 6,598.18. This was the index's highest finish since 8 December after s
Read moreBroker tips: Mining stocks, Dixons Carphone, Xaar
17th Dec 2014 13:00
After the recent falls across the mining sector, Liberum Capital has upgraded its rating on the category from 'sell' to 'hold', though the broker still sees plenty of downside risks in 2015. Liberum has lifted its stance on Rio Tinto, Glencore and Anglo American from 'sell' to 'hold', while BHP Bill
Read moreLondon midday: UK stocks back in the red ahead of Fed meeting
17th Dec 2014 12:18
UK stocks were back in the red on Wednesday after their first gain in seven days the previous session, with investors scaling back risk appetite ahead of a number of risk events. Along with a host of economic data due out during the session, markets were keeping an eye out for minutes for the latest
Read moreLiberum upgrades miners after recent sell-off, but downside risks remain
17th Dec 2014 11:23
After the recent falls across the mining sector, Liberum Capital has upgraded its rating on the category from 'sell' to 'hold', though the broker still sees plenty of downside risks in 2015. Stocks on the FTSE 350 mining index have dropped by 20% this year on the back of macro-economic concerns, a s
Read moreLondon open: UK stocks drop early on as investors await risk events
17th Dec 2014 08:21
UK stocks dropped sharply on Wednesday morning as the sell-off resumed ahead of a busy session for global financial markets. The FTSE 100 was down 0.8% at 6,284 early on. The index had jumped 2.4% the previous session, snapping a six-day losing streak, as West Texas Intermediate crude futures rebou
Read moreFTSE 100 movers: Miners sink while oil companies recover slightly
15th Dec 2014 14:48
Anglo-Australian miner BHP Billiton dipped following a downgrade at RBC Capital Markets to 'underperform' from 'sector-perform'. Other mining companies, including Fresnillo, Randgold Resources and Glencore, were also hit by a forecast of an extended period of low iron ore prices, due to over-supply
Read moreLondon open: Sell-off continues as UK resource stocks tank
12th Dec 2014 08:42
The dramatic sell-off on the FTSE 100 continued into its fifth straight day on Friday as a weak finish on Wall Street and disappointing data from China hammered already-fragile sentiment on the market. London's benchmark index was down a staggering 1.3% at 6,377 early on, dropping below the 6,400 le
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreFTSE 100 movers: Travel companies soar as miners sink
11th Dec 2014 16:21
Travel companies Easyjet and International Consolidated Airlines Group were boosted by the fall in oil prices, on hopes that lower fuel costs will boost profitability. Dixons Carphone was also among the risers after it emerged earlier this week that it surpassed its Christmas store opening targets.
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read more